Zinc Explorer Climbs on Permitting Update

Blue Moon Zinc Corp. (TSXV:MOON), a zinc explorer, rose after announcing that it has received all necessary drill permits for its Blue Moon Zinc Deposit

Sean Mason | July 20, 2018 | SmallCapPower

A permitting announcement was good news for shareholders of a zinc explorer Friday. Here’s some small stocks making big moves on Friday, July 20, 2018 (as of 4 pm EST):

Blue Moon Zinc Corp. (TSXV:MOON) shares shot up 13% to $0.09 on Friday after the zinc explorer announced that it has received all necessary drill permits for the planned exploration and development programs at its Blue Moon Zinc Deposit in California.

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As well, shares of Aimia Inc. (TSX:AIM) jumped 18% to $2.72 as the marketing and loyalty analytics provider unveiled further details of the future Aeroplan program, which will offer increased flexibility and an improved member experience.

Prophecy Development Corp. (TSX:PCY), meanwhile, reported that it intends to split its issued and outstanding common shares on the basis of 10 new shares for every 1 old share outstanding, which the Company hopes will enhance trading liquidity. Prophecy Development stock moved up 23% to $2.30 following the announcement.

Finally, Advance Gold Corp. (TSXV:AAX) shares sank 39% to $0.24 after the precious metals explorer announced the completion of Phase 1 drilling at the Tabasquena Silver mine in Mexico, with results that included 1.70 metres grading 9.46 g/t gold.

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

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