SEARCH
Subscribe
Track all markets on TradingView

Mineral Explorer Powers Higher on Visible Copper

Published:

Reading time: 4 min.

Max Resource Corp. (TSXV:MXR), a mineral explorer, moved higher after identifying visible copper oxide mineralization

Sean Mason | January 8, 2020 | SmallCapPower

An exploration update and copper sighting lifted shares of a mineral explorer Wednesday. Here’s some small stocks making big moves on Wednesday, January 8, 2020 (as of 4 pm EST):

Max Resource Corp. (TSXV:MXR) shares climbed 16% to $0.145 on Wednesday after the mineral explorer announced that it has identified visible copper oxide mineralization throughout a concentrated area of its 100%-owned Cesar copper-silver project in Colombia. The Company added that Phase II of the Cesar exploration program is set to begin in mid-January to follow-up reported assay results, conduct additional chip and/or channel sampling, and identify drill targets.

Win Big With Our Small Cap Picks

 

As well, shares of QYOU Media Inc. (TSXV:QYOU) shot up as much as 25% as the independent investment research firm Ubika Alpha initiated coverage of the next generation global media company’s stock with a BUY rating and a target price of $0.30 per share.

Read: QYOU Media Inc – Explosive Growth Expected

Sable Resources Ltd. (TSXV:SAE), meanwhile, reported that it has received drilling permits for six new targets discovered during the last field season at its Don Julio Cluster Project in Argentina. Sable Resources stock moved up 16% to $0.11 following the announcement.

Finally, Prophecy Development Corp. (TSX:PCY) shares slipped 14% to $0.425 after the silver project developer announced that it plans to change the name of the Company to “Silver Elephant Mining Corp,” and is proposing to consolidate its common stock at a ratio of between one new common share for every five to 10 old common shares outstanding.

QYOU Media Inc. (TSXV:QYOU) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below:

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
jsteppke
jsteppke

Related articles

Recent articles

© SmallCapPower 2024