2023-08-15 15:15:41 ET
%JuniorMiners have long been a favorite amongst penny stock enthusiasts as the frequency of fundamentally-altering headlines are pretty consistently high. Today was not different after a dually-listed miner announced it has entered into a mineral claims purchase agreement dated August 10, 2023, with Talisman Venture Partners, Ltd., pursuant to which the Company will acquire from Talisman a 100 percent ownership interest in 9 (nine) exploration permits, according to the release.
This caused traders to have overwhelming levels of optimism for shares of %SparkEnergyMinerals (CSE: ) (OTCPK: ), sending shares of the micro cap soaring. Shares trading on the Canadian side reached up to $0.30/share (+42.86%) at the session high.
Spark Energy Minerals Inc formerly St Anthony Gold Corp is in the business of exploration and evaluation of a mineral property. The company's projects include Panama Lake Gold Project, Lac Patu Vanadium Project, James Bay Project, and St. Anthony Gold Project. Its focus is on the historic Red Lake District which is a historic gold-producing region in Ontario, Canada.