Precious Metals Junior Surges on Drill Results

Benchmark Metals Inc. (TSXV:BNCH), a precious metals junior, jumped after announcing Golden Triangle drill results

Sean Mason | February 11, 2019 | SmallCapPower

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.

Win Big With Our Small Cap Picks


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.

Solium Capital was one of the Top Analyst Stock Picks from Cantech 2019 (see the others here)

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.

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: