Gold Junior Shines On Big-Name Investment

An addition investment by Eric Sprott generated a lot of excitement in shares of a gold junior Monday. Here’s some small stocks making big moves on Monday, October 1, 2018:

Wallbridge Mining Company Limited (TO:) shares surged 23% to $0.27 on Monday after the gold junior announced that Eric Sprott had purchased 24,042,895 common shares of Wallbridge by way of a private agreement at a price $0.165 per share. As a result of this transaction, Eric Sprott now owns and controls approximately 16.1% of Wallbridge Mining’s outstanding shares.

As well, shares of Delivra Corp (V:) climbed 21% to $0.375 as the specialty biotechnology company said it has recently received inquiries from a number of interested parties in relation to the company’s proprietary transdermal delivery system platform, including its proprietary applications for the cannabis and pharma industries.

Aton Resources Inc (V:) meanwhile, reported results of the first three drill holes from within its 100% owned Abu Marawat Concession located in the Eastern Desert of Egypt, which included 36 metres of 12.47 g/t gold from five metres downhole depth. Aton Resources stock popped 90% to $0.095 following the announcement.

Finally, Harvest One Cannabis Inc (V:), one of the Canadian cannabis stocks, rose 10% to $0.89 after announcing that its wholly-owned subsidiary, United Greeneries Ltd., has entered into a supply agreement with Manitoba Liquor and Lotteries to supply craft cannabis for the adult-use market launch on Oct. 17. The company added that it has also been approved as a registered supplier with the Saskatchewan Liquor and Gaming Authority.

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