Big Ridge Gold (TSXV:BRAU)
Diamcor Mining (TSXV:DMI)
Canterra Minerals (TSXV:CTM)
Pulse Oil (TSXV:PUL)
Southern Energy (TSXV:SOU)
Here’s a look at those companies and the factors that moved their share prices last week.
1. Big Ridge Gold
Canada-focused Big Ridge Gold is exploring for gold in Quebec, Manitoba and Ontario.
The company had two pieces of news last Tuesday (June 8). First, it closed its previously announced earn-in agreement with First Mining Gold (TSX:FF,OTCQX:FFMGF); through the deal, Big Ridge is now the operator of First Mining’s Hope Brook gold project in Newfoundland and Labrador and can earn up to an 80 percent interest in the asset. Phase 1 exploration is expected to start this summer.
Of all the metals on Earth, gold shines the brightest when it comes to holding its value and being a vehicle for building and preserving wealth.
In fact, the gold price has risen by as much as 700 percent in the last 20 twenty years. Despite that impressive increase, many investors are still wondering, “When will gold go up?”
The precious metal is a safe haven asset that performs well in tumultuous times, and there have been plenty of global crisis events in the past few years most recently the socioeconomic fallout from the COVID-19 pandemic.
What Happened To Gold In Q1? Which Gold Stocks To Watch In 2021?