LGC Capital Ltd. (CVE:QBA), a marijuana stock, climbed after announcing that it has agreed to acquire a 60% interest in South Africa’s House of Hemp
Sean Mason | July 18, 2017 | SmallCapPower
A move into the growing South African cannabis market sparked much speculation in a marijuana stock Tuesday. Here’s some small stocks making big moves on Tuesday, July 18, 2017 (as of 4 pm EST):
LGC Capital Ltd. (TSXV: QBA), a marijuana stock, jumped 56% to $0.14 on Tuesday after announcing that it has signed a sole and exclusive agreements to acquire a 60% interest in South Africa’s House of Hemp, which owns the only certified cannabis growing and processing facility in South Africa.
As well, shares of NuLegacy Gold Corporation (TSXV: NUG) gained 11% to $0.205 as the gold junior said it has discovered a new structural exploration target with the same geological characteristics as the Iceberg gold deposit in Nevada.
Electrovaya Inc. (TSX: EFL), meanwhile, reported that it has completed delivery of 36V 960 Ah Lithium Ion Ceramic batteries and associated chargers to Mondelez International. The order was worth US$634,000. Electrovaya stock moved up 9% to $1.23 following the announcement.
Finally, 92 Resources Corp. (TSXV: NTY) shares rose 36% to $0.095 as the energy solutions company announced the production of high-grade mineral concentrate of 6.16% Li2O at 79% recovery using standard spodumene flotation methods.
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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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