HAR:CC - Dually-Listed Junior Miner Rallies On New Discovery Announcement

2023-09-13 17:58:03 ET

Whenever a publicly-traded %JuniorMiner makes announcements pertaining to new and existing projects, sometimes we’ll see massive price swings in the stock price.

Just today, a Montreal based miner announced that its field crew has discovered several spodumene occurrences in pegmatites in the eastern part of the Serpent-Radisson Property located in the Eeyou Istchee James Bay region, Québec. According to the release, “this discovery was made in the initial days of prospecting and, as a result, Harfang intends to devote most of its efforts for the remaining prospecting season to the Property which is already known for its gold and copper potential.”

The excitement surrounding this announcement caused traders to snatch up shares of %HarfangExploration (TSXV: ) (OTCPK: ) as shares went on to close Wednesday at $0.185/share (+19.35%).

Harfang Exploration Inc is an exploration and evaluation stage company. It is engaged in the business of acquiring and exploring mineral properties in Canada. The company's focus is currently on the exploration and evaluation of its mineral properties in the James Bay area in the Province of Quebec for precious metals. Its project portfolio includes Lake Menarik, Menarik East, Serpent, Lake Fagnant, and Lake Aulneau properties, among others.