Jaxon Minerals Inc. (CVE:JAX), a precious metals junior, advanced after announcing a binding LOI to acquire a 15,500-hectare gold property in British Columbia
Sean Mason | June 1, 2017 | SmallCapPower
A Golden Triangle property acquisition generated some excitement for a precious metals junior Thursday. Here’s some small stocks making big moves on Thursday, June 1, 2017 (as of 4 pm EST):
Jaxon Minerals Inc. (TSXV: JAX) shares jumped 51% to $0.34 on Thursday after the precious metals junior announced that it has entered into a binding Letter-of-Intent to acquire a 100% interest in the 15,500-hectare Foremore gold property located the heart of British Columbia’s Golden Triangle.
As well, shares of BRP Inc. (TSX: DOO) gained 13% to $37.03 as the manufacturer of powersports vehicles and propulsion systems, including Ski-Doo and Sea-Doo watercraft, said it will initiate a quarterly dividend of $0.08 per share and plans to buy back up to $350 million of its shares following the release of record first-quarter revenue that rose 3% to $956 million.
Standard Graphite Corp. (TSXV: SGH), meanwhile, reported that it has entered into a letter of intent to acquire Marapharm Inc., a licensed producer applicant under Health Canada’s “Access to Cannabis for Medical Purposes Regulations,” in exchange for 35.1 million common shares of Standard. Standard Graphite stock popped 31% to $0.17 following the announcement.
Finally, Assure Holdings Corp. (TSXV: IOM) shares powered 27% to $1.78 after the provider of services for neurosurgeons and orthopedic spine surgeons reported record first-quarter revenue of more than US$3.91 million.
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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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