Resource Explorer Slides on Copper, Gold Results

Sun Metals Corp. (TSXV:SUNM), a resource explorer, fell sharply after announcing results from its Stardust project

Sean Mason | August 26, 2019 | SmallCapPower

Copper and gold drill results didn’t meet investor expectations for shares of a resource explorer Monday. Here’s some small stocks making big moves on Monday, August 26, 2019 (as of 4 pm EST):

Sun Metals Corp. (TSXV:SUNM) shares sank 17% to $0.355 on Monday after the resource explorer announced additional results from drilling at its 100%-owned Stardust project in British Columbia, which included 86.40 metres grading 3.00% copper equivalent (1.65% copper and 1.56 g/t gold).

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As well, shares of dynaCERT Inc. (TSXV:DYA) climbed 15% to $0.49 as the cleantech company said its wholly-owned European subsidiary, dynaCERT GmbH, has received approval for marketing, sales, installation and use of the Company’s HydraGEN Technology in Germany, which will be utilized throughout the entire European Union.

Namaste Technologies Inc. (TSXV:N), meanwhile, reported that its Board of Directors has named Meni Morim as its Chief Executive Officer and appointed him to the Company’s Board. Mr. Meni has served as the Company’s interim CEO since February 4, 2019 and the Company’s Chief Product Officer since May 2018. Namaste Technologies stock popped 13% to $0.45 following the announcement.

Finally, Radisson Mining Resources Inc. (TSXV:RDS) shares gained 21% to $0.20 after the gold explorer announced that Rob McEwen made a $500,000 investment in the Company as part of a $6 million bought deal private placement financing that Radisson Mining closed recently.

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

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