Gold Mining Penny Stock Shines Production Increase

Galane Gold Ltd. (CVE:GG), a gold mining penny stock, surged after reporting greater production from the Mupane mine in Botswana

Sean Mason | July 4, 2016 | SmallCapPower

Higher gold output was good news for a gold mining penny stock Monday. Here’s some small stocks making big moves on Monday, July 4, 2016 (as of 4 pm EST):

Gold mining penny stock Galane Gold Ltd. (CVE:GG) powered 100% higher to $0.10 on Monday after announcing that for the three months ended June 30, 2016, production from the Mupane mine in Botswana was 7,855 ounces, an increase of 2,027 ounces from the previous quarter. The Company attributed the increase to a higher grade being fed to the operating plant with the beginning of mining in the main Tau ore body in April 2016.

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As well, shares of TSO3 Inc. (TSE:TOS) jumped 32% to $2.95 as the provider of sterilization technology for medical devices said the U.S. Food and Drug Administration (FDA) has cleared TSO3‘s expanded indications for use of its STERIZONE VP4 Sterilizer.

In addition, shares of OneRoof Energy Group, Inc. (CVE:ON) surged 129% to $0.24 as the residential solar services provider said it has entered into definitive agreements with two different third parties to sell a total of 19.8 MW of its solar project assets for gross proceeds up to $61 million.

Finally, Alloycorp Mining Inc. (CVE:AVT) shares slid 38% to $0.05 after the molybdenum project developer announced that it has entered into a privatization agreement with its major shareholders at a price of $0.05 per share.

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