Gitennes Exploration Inc., an exploration penny stock,(CVE:GIT) climbs following a Barkerville Gold Belt property acquisition
Sean Mason | June 3, 2016 | SmallCapPower
A exploration penny stock powered up following a gold belt property acquisition Friday, while an energy services play sank on a default. Here’s some small stocks making big moves on Friday, June 3, 2016 (as of 4 pm EST):
Gitennes Exploration Inc. (CVE:GIT) shares gained 400% to $0.025 on Friday after the mineral exploration company announced that it has acquired a property through staking mining claims in the northern part of the Barkerville Gold Belt. Gitennes’ property is in an area with a history of placer mining and the property is the site of an active placer mine.
As well, shares of Synodon Inc. (CVE:SYD) plunged 50% to $0.005 as the provider of advanced aerial integrity management services to oil and gas pipeline operators said it has suspended interest payments in connection with the loan from Cranberry Capital Inc., which is an event of default under the loan.
MedX Health Corp. (CVE:MDX), meanwhile, reported that it has reached an agreement with Lovell Drugs and the Ontario Telemedicine Network to introduce in-pharmacy scanning of moles and lesions at a Lovell Drugs locations in Oshawa and Whitby, Ontario. MedX Health stock moved up 46% to $0.095 following the announcement.
Finally, Rye Patch Gold Corp. (CVE:RPM) shares slipped 7% to $0.34 after the gold junior announced a C$40 million private placement of subscription receipts, at a price of $0.22 per receipt, to fund its Florida Canyon Gold Mine acquisition.
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