FSM - These 2 Soaring Micro-Cap Stocks Are Ignoring the Market's Monday Drop
The stock market wasn't able to get past its recent turbulence to start the new week on Monday, and investors saw another sizable pullback in major market benchmarks. As of 12:15 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 624 points to 34,741. The S&P 500 (SNPINDEX: ^GSPC) had given up 78 points to 4,543, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) had taken a 263-point hit to 14,906.
In general, small-cap stocks did even worse than their larger counterparts, with the Russell 2000 index falling almost 2.5%. However, a couple of micro-cap companies managed to post nice-sized gains to start the week. Below, we'll provide what for many investors will be an introduction to Fortuna Silver Mines (NYSE: FSM) and Bluerock Residential Growth REIT (NYSEMKT: BRG) , and explain why their shares are moving higher Monday.
Shares of Fortuna Silver Mines were up nearly 20% early Monday afternoon. The silver miner benefited from good news regarding one of its mines despite poor market conditions in the precious metals complex.
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These 2 Soaring Micro-Cap Stocks Are Ignoring the Market's Monday Drop