Junior Explorer Jumps on Strategic Investment

Crystal Lake Mining Corporation (TSXV:CLM), a junior explorer, gained ground after announcing an investment from Rob McEwen

Sean Mason | September 13, 2019 | SmallCapPower

A big-name mining investment boosted shares of a junior explorer Friday. Here’s some small stocks making big moves on Friday, September 13, 2019 (as of 11:30 am EST):

Crystal Lake Mining Corporation (TSXV:CLM) shares climbed 17% to $0.28 on Friday after the junior explorer announced that it has received a $500,000 investment from Rob McEwen, which was part of the Company’s $1.5 million private placement at $0.30 per unit.

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As well, shares of Cuda Oil and Gas Inc. (TSXV:CUDA) surged 26% to $0.485 as the oil and gas producer/explorer announced that the Wyoming Oil and Gas Conservation Commission has approved the Shannon Secondary Recovery and Unitization application at the Barron Flats Shannon Unit, which the Company called a “major operating milestone” for its light oil project in the Powder River Basin.

Frankly Inc. (TSXV:TLK), meanwhile, reported that it has signed a multiyear service agreement with Flood Communications, the largest statewide TV news network in Nebraska, to manage its eight regional digital networks using Frankly’s suite of services to grow revenue, engagement and audience. Frankly stock moved up 30% to $1.20 following the announcement.

Finally, VitalHub Corp. (TSXV:VHI) shares rose 5% to $0.195 after the medical technology company announced that it has entered Phase Two of the B Care EHR implementation for the Salvation Army Toronto Grace Health Centre, following the successful completion of the first phase of the project.

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

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