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.

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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.

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

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