Junior Gold Miner Climbs on Resource Update

Gran Colombia Gold Corp. (TSE:GCM), a junior gold miner, moved higher after releasing an updated Mineral Resource estimate for its producing Segovia Operations in Colombia

Sean Mason | April 20, 2017 | SmallCapPower

A South American resource estimate helped boost shares of a junior gold miner Thursday. Here’s some small stocks making big moves on Thursday, April 20, 2017 (as of 4 pm EST):

Gran Colombia Gold Corp. (TSX: GCM) shares gained 12% to $0.095 on Thursday after the junior gold miner announced that it has completed an updated Mineral Resource estimate for its producing Segovia Operations in Colombia, which showed a 174% increase in its Measured & Indicated Resources to 1.1 million ounces of gold grading 12.0 g/t.

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As well, shares of Breaking Data Corp. (TSXV: BKD) slid 29% to $2.86 as the provider of semantic search, machine learning and natural language processing said its recent acquisition, sports media publisher GiveMeSport, has taken its partnership with the NBA to global scale in a programmatic deal across 18 territories, including the UK, Spain, France, the Netherlands, Singapore, Sweden, and Qatar.

First Global Data (TSXV: FGD), meanwhile, reported that it has partnered with LianLian Pay to launch a Social Messaging Payments and Remittance service to over 100 million users and merchant partners. It will launch a co-branded remittance service that enables Chinese living in the USA and Canada to make person to person international money transfers to China utilizing the social media messaging platform WeChat. First Global Data stock moved up 13% to $0.85 following the announcement.

Finally, Saint Jean Carbon Inc. (TSXV: SJL) shares jumped 17% to $0.07 after the carbon science company announced the results of Phase One of the graphene battery project and, although very preliminary at this point, the graphene battery has outperformed the graphite battery, as demonstrated by a greater discharge capacity of approximately 30%.

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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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