Latest Reports on K92 Mining, Corsa Coal, Golden Dawn Minerals and Keek
September 23rd, 2016 – After closing at a two week high on Wednesday, Canada’s main stock index continued to push higher Thursday alongside American markets after the U.S. Federal Reserve decided to leave rates unchanged. The S&P/TSX Composite Index increased 0.59 percent to close at 14,797.17, while the S&P/TSX Venture Composite Index posted a decline of 0.33 percent to close at 810.62. The Energy and Financials sectors posted gains of 1.42 percent and 0.71 percent, respectively, while the Materials sector posted a decline of 0.40 percent.
“The market has come to the conclusion that everything is fine: central banks are still there, supporting equity markets and keeping yields low,” said BNP Paribas Investment Partners investment strategist, Daniel Morris.
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K92 Mining Inc. (TSX-V: KNT)
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K92 Mining’s shares gained 8.03 percent to close at C$1.48 a share Thursday. The stock traded between C$1.45 and C$1.57 on volume of 2.02 million shares traded. On September 12th, the company announced the start of an exploration drilling program at its Kainantu gold mine. Additionally, the company appointed Dr. Chris Muller, PhD, as exploration manager of K92. Shares of K92 Mining have gained approximately 146.7 percent since May 25th, commencement of active trading, and are down roughly 3.9 percent in the past month.
Corsa Coal Corp. (TSX-V: CSO)
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Corsa Coal’s shares gained 18.18 percent to close at C$0.13 a share Thursday. The stock traded between C$0.11 and C$0.14 on volume of 765,308 shares traded. The company expects total sales for the year ended December 31st, 2016 to range between 1,350,000 to 1,650,000 tons, with Northern Appalachian (NAPP) coal sale of 850,000 to 1,050,000 tones and Central Appalachian (CAPP) coal sales of 500,000 to 600,000 tones. In June 2016, Corsa raised C$3.15 million by way of a private placement of 63,000,000 common shares of Corsa. Shares of Concordia International have gained approximately 420.0 percent year-to-date and are up roughly 160.0 percent in the past month.
Golden Dawn Minerals Inc. (TSX-V: GOM)
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Golden Dawn Minerals shares spiked 10.34 percent to close at C$0.32 a share Thursday. The stock traded between C$0.28 and C$0.33 on volume of 1.06 million shares traded. On September 7th, the company closed the acquisition of Huakan International Mining Inc.’s Greenwood gold project consisting of a 200-ton-per-day to 400-ton-per-day gravity-flotation processing facility, the Lexington and Golden Crown underground gold mines. Shares of Golden Dawn Minerals have gained approximately 326.7 percent year-to-date and have gained roughly 12.3 percent in the past month.
Keek Inc. (TSX-V: KEK)
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Keek’s shares increased 10.00 percent to close at C$0.22 a share Thursday. The stock traded between C$0.21 and C$0.25 on volume of 800,198 shares traded. The company’s Peeks live-streaming beta service has been available to the general public on both iOS and Android platforms since August. "The service has performed remarkably well and succeeded in monetizing users from day one. These early results have provided confidence that the Peeks live-streaming service is ready to handle the significant Keek audience. It’s time to open the flood gates and bring the Peeks live-streaming service to 75 million current and former Keek users," said Mark Itwaru, CEO of Keek. Shares of Keek have fallen approximately 33.3 percent year-to-date and have fallen roughly 4.4 percent in the past month.
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