Resource Junior Moves Higher on Property Update

April 26, 2018 / smallcappower.com / Article Link

Spearmint Resources Inc. (TSXV:SRJ), a resource junior, rose after announcing that it has increased its land holding on the “Why West” magnesium prospect in British Columbia

Sean Mason | April 26, 2018 | SmallCapPower

A land holding expansion pushed up the stock price of a resource junior Thursday. Here's some small stocks making big moves on Thursday, April 26, 2018 (as of 4 pm EST):

Spearmint Resources Inc. (TSXV:SRJ) shares gained 9% to $0.06 on Thursday after the resource junior announced that it has increased its land holding on the “Why West” magnesium prospect in British Columbia to approximately 10,300 acres.

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As well, shares of New Gold Inc. (TSX:NGD) slipped 7% to $3 as the gold miner released its first-quarter financial results, which fell short of the analyst consensus revenue and earnings estimate.

Engagement Labs (TSXV:EL), meanwhile, reported that its TotalSocial data and analytics platform has exceeded expectations by generating more than C$7.3 million in contracts during the past 18 months. Engagement Labs stock popped 31% to $0.085 following the announcement.

Finally, Pancontinental Gold Corporation (TSXV:PUC) shares climbed as much as 21% before ending unchanged at $0.07 after the junior explorer announced that it has entered into an option agreement to earn up to a 76% interest in the McBride Nickel-Cobalt-Copper Project south of Bancroft, Ontario.

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

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