Solar Energy Stock Powers Higher on Project Proposal

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Solar Alliance Energy Inc. (CVE:SAN), a solar energy stock, climbed after announcing that it has submitted a one megawatt commercial solar project proposal

Sean Mason | August 9, 2017 | SmallCapPower

More than a few speculators took a shine to a solar energy stock Wednesday following a commercial solar project proposal. Here’s some small stocks making big moves on Wednesday, August 9, 2017 (as of 4 pm EST):

Solar Alliance Energy Inc. (TSXV: SAN), a solar energy stock, jumped 10% to $0.115 on Wednesday after announcing that it has submitted a one megawatt commercial solar project proposal to the Illinois Power Agency valued at approximately US$1.72 million.

Related: William Shatner Has Time and Space for Solar Alliance Energy >>

As well, shares of Jaxon Minerals Inc. (TSXV: JAX) gained as much as 18% before ending down 9% at $0.365 as the junior explorer said it has completed its first phase of fieldwork at its silver, zinc, gold Hazelton VMS project in British Columbia, in which the channel sampling results confirmed high-grade mineralization, according the Company.

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Sphinx Resources Ltd. (TSXV: SFX) stock, meanwhile, continued to move higher Wednesday, up as much as 40%. On Tuesday, Sphinx shares rose 11% after the Company announced that it has entered into an agreement with Resources Tranchemontagne Inc. and Gardin Inc. to acquire a 100% undivided interest in 22 claims held by Tranchemontagne, which are located in Quebec, at the northern end of a northwest trending corridor as defined by zinc-bearing dolomitic marbles.

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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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