Golden Triangle drill results generated buying interest in shares of a precious metals junior Monday. Here’s some small stocks making big moves on Monday, February 11, 2019 (as of 4 pm EST):
Benchmark Metals Inc. (TSXV:BNCH) shares powered 27% higher to $0.235 on Monday after the precious metals junior announced drill results from the Dukes Ridge Zone at the Lawyers Gold & Silver Project located in the Golden Triangle region of British Columbia, which included 5.76 g/t gold and 128.65 g/t silver across 33.52 metres.
As well, shares of Solium Capital Inc. (TSX:SUM) soared 43% to $19.12 as the global equity administration, financial reporting and compliance services provider said it has agreed to be acquired by Morgan Stanley for C$19.15 per share in cash, or a total consideration of approximately C$1.1 billion.
Savary Gold Corp. (TSXV:SCA), meanwhile, reported that it has entered into a non-binding letter of intent to be acquired by SEMAFO Inc. (TSX:SMF) in an all-stock transaction. Savary shareholders would receive 0.0336 SEMAFO common shares for each Savary share held. Savary Gold stock moved up 60% to $0.08 following the announcement.
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.
Benchmark Metals Inc. (TSXV:BNCH) shares powered 27% higher to $0.235 on Monday after the precious metals junior announced drill results from the Dukes Ridge Zone at the Lawyers Gold & Silver Project located in the Golden Triangle region of British Columbia, which included 5.76 g/t gold and 128.65 g/t silver across 33.52 metres.
