Junior Resource Stock Pops on Cobalt Prospects Acquisition

Cruz Capital Corp. (CVE:CUZ), a junior resource stock, moved up after announcing that it has agreed to acquire six cobalt prospects

Sean Mason | July 25, 2016 | SmallCapPower

A cobalt deal boosted a junior resource stock Monday, while a marijuana play hit a big milestone. Here’s some small stocks making big moves on Monday, July 25, 2016 (as of 4 pm EST):

Junior resource stock Cruz Capital Corp. (CVE:CUZ) powered 35% higher to $0.39 on Monday after announcing that it has agreed to acquire six cobalt prospects (four in Ontario and two in British Columbia) for a total consideration of $20,000 plus 1.6 million Cruz Capital shares.

As well, shares of Golden Star Resources Ltd. (TSE:GSC) slipped 23% to $1.02 as the gold miner said it intends to offer up to US$30.0 million of its common shares in an underwritten public offering.

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Canopy Growth Corporation (CVE:CGC), meanwhile, reported that its shares will begin trading on the Toronto Stock Exchange effective as of the open of the market on July 26, 2016. Canopy Growth stock moved up 15% to $3.24 following the announcement.

Finally, LGC Capital Ltd. (CVE:QBA) shares gained 28% to $0.205 after the Cuba-focused investment company announced that it has signed one of Cuba’s best known and respected TV presenters and sportscasters, Hector Villar, to work with the Company’s 50/50 Joint Venture with international sporting group Rushmans.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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