Resource Junior Rises on Gold Sample Results

Strategic Metals Ltd. (TSXV:SMD), a resource junior, gained ground after announcing partial results from its Mount Hinton property

Sean Mason | August 21, 2019 | SmallCapPower

Gold and silver sample assays from the Yukon sparked a bit of speculation in shares of a resource junior Wednesday. Here’s some small stocks making big moves on Wednesday, August 21, 2019 (as of 4 pm EST):

Strategic Metals Ltd. (TSXV:SMD) shares jumped 21% to $0.47 on Wednesday after the resource junior announced partial results from the first two phases of the 2019 exploration program at its wholly-owned Mount Hinton property in the Yukon, which included a sample that assayed 2340 g/t gold and 597 g/t silver.

Win Big With Our Small Cap Picks


As well, shares of PetroTal Corp. (TSXV:TAL) climbed 13% to $0.265 as the oil and gas junior said the BN 95-1 well at the Bretaña field in Peru produced at an initial rate of 2,700 barrels of oil per day, exceeding management expectations.

Kinder Morgan Canada Limited (TSX:KML), meanwhile, reported that it has agreed to be acquired by Pembina Pipeline Corporation in an all-stock transaction. KML shareholders will receive 0.3068 shares of Pembina for each KML share held. Kinder Morgan Canada stock popped 32% to $14.45 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: