Resource Penny Stock Powers Higher on Lithium Deal

Hinterland Metals Inc. (CVE:HMI), a resource penny stock, climbed after announcing that it has acquired 40 lithium prospective mineral claims

Sean Mason | June 22, 2016 | SmallCapPower

Lithium claims made a few resource penny stock shareholders happy Wednesday. Here’s some small stocks making big moves on Wednesday, June 22, 2016 (as of 4 pm EST):

HMI logoResource penny stock Hinterland Metals Inc. (CVE:HMI) jumped 44% to $0.065 on Wednesday after announcing that it has acquired 40 mineral claims (2,136 hectares) in the James Bay area of Quebec, which the Company says are prospective for pegmatite-type lithium mineralization.

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As well, shares of D-BOX Technologies Inc. (TSE:DBO) slipped 8% to $0.59 as the provider of immersive motion technology said its fiscal 2016 revenue increased 41% to $29.0 million, while its net loss for the year narrowed to $187,000 from $478,000.

Goldgroup Mining Inc. (TSE:GGA), meanwhile, reported that commercial production has been declared as of June 1, 2016, at its Cerro Prieto project in Sonora, Mexico. The mine is expected to produce about 15,000 ounces of gold in 2016. Goldgroup Mining stock moved up 13% to $0.26 following the announcement.

Finally, Cardiff Energy Corp. (CVE:CRS) shares gained 14% to $0.04 after the resource explorer announced the acquisition of the Eastmain River Lithium Project in Quebec, which comprises 22 mineral claims encompassing approximately 2,860 acres.

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