Precious Metals Junior Shines on Silver Results

AbraPlata Resource Corp. (TSXV:ABRA), a precious metals junior, rose after announcing assay results from its Diablillos project

Sean Mason | January 28, 2020 | SmallCapPower

Silver assay results from South American ignited shares of a precious metals junior Tuesday. Here’s some small stocks making big moves on Tuesday, January 28, 2020 (as of 4 pm EST):

AbraPlata Resource Corp. (TSXV:ABRA) shares moved up 30% to $0.065 on Tuesday after the precious metals junior announced assay results from the first two diamond drill holes completed at the Oculto deposit on its wholly-owned Diablillos project in Argentina, which included a 17.5 metre intercept grading 603.9 grams per tonne (g/t) silver.

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As well, shares of AutoCanada Inc. (TSX:ACQ) gained 15% to $12.71 as the multi-location North American automobile dealership group said it has achieved same-store new retail unit sales growth of 1.3% for Q4 2019, while reducing its total net indebtedness for the period by approximately $44 million.

Thermal Energy International Inc. (TSXV:TMG), meanwhile, reported a 51% increase in its second-quarter revenue to $2.6 million, while adding that its year-to-net income and EBITDA were the highest ever reported by the Company. Thermal Energy International stock moved up 13% to $0.085 following the announcement.

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

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