Silver Junior Shines on Discovery, Drill Results

SilverCrest Metals Inc. (TSX:SIL), a silver junior, jumped after announcing drill results from the Las Chispas Project

Sean Mason | February 18, 2020 | SmallCapPower

A new high-grade discovery attracted more than a few speculators to shares of a silver junior Tuesday. Here’s some small stocks making big moves on Tuesday, February 18, 2020 (as of 4 pm EST):

SilverCrest Metals Inc. (TSX:SIL) shares surged 13% to $9.90 on Tuesday after the silver junior announced a new discovery and additional drill results from the Babicanora Norte Vein on the Las Chispas Project in Mexico, which included 2.0 metres (true width) grading 6,418 grams per tonne (g/t) silver equivalent.

Win Big With Our Small Cap Picks

 

As well, shares of Electrovaya Inc. (TSX:EFL) slipped 10% to $0.225 as the lithium-ion battery manufacturer revealed that its fiscal first-quarter revenue fell to US$0.9 million from US$2.0 million during the same period last year.

Tanzanian Gold Corporation (TSX:TNX), meanwhile, reported that it has identified 4,291,000 ounces of gold contained in unclassified resources at the conclusion of its Phases 1 & 2 Resource Upgrade drilling along the Buckreef Shear Zone at the Buckreef Project in Tanzania. Tanzanian Gold stock moved up 17% to $0.77 following the announcement.

Finally, Eclipse Gold Mining Corporation (TSXV:EGLD) shares began trading on the TSX Venture Exchange on Tuesday. Eclipse Gold Mining is exploring the Hercules Gold Property located within Nevada’s Walker Lane Trend.

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: