More than a few resource junior speculators took a shine to gold-copper drill results Friday. Here’s some small stocks making big moves on Friday, October 19, 2018 (as of 4 pm EST):
Serengeti Resources Inc. (TSXV:SIR) shares continued to move higher on Friday, up 14% to $0.40 following a 133% gain on Thursday, after the resource junior announced the first batch of assay results from the 2018 drilling campaign completed at the Kwanika Project in British Columbia, which included 0.80 g/t gold, 0.64% copper, and 2.08 g/t silver over 513.9 metres.
As well, shares of exactEarth Ltd. (TSX:XCT) soared 128% to $0.57 as the provider of Satellite-AIS data services said the Government of Canada will make an investment of $7.2 million over three years to support the development, management and expansion of exactView RT, the Company’s real-time Satellite-AIS service.
Cordoba Minerals Corp. (TSXV:CDB), meanwhile, reported that it has closed its non-brokered private placement with its majority shareholder, High Power Exploration Inc., for gross proceeds to the Company totaling US$2.0 million. Cordoba Minerals stock moved up 12% to $0.14 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.
Serengeti Resources Inc. (TSXV:SIR) shares continued to move higher on Friday, up 14% to $0.40 following a 133% gain on Thursday, after the resource junior announced the first batch of assay results from the 2018 drilling campaign completed at the Kwanika Project in British Columbia, which included 0.80 g/t gold, 0.64% copper, and 2.08 g/t silver over 513.9 metres.
