Gold penny stocks have been outshining cannabis penny stocks for much of this week. At the tail end of the week, gold stocks are keeping up their momentum, with only one in the red.
Let’s take a closer look at a few gold penny stocks trending on the TSXV today.
Kilo Goldmines Ltd (TSXV:KGL)
Kilo Goldmines is headquartered in Toronto, Ontario, and operates as an exploration stage company that engages in the acquisition and exploration of minerals in the Democratic Republic of Congo.
The company hasn’t had recent news in over two months. Many Canadian gold and mineral stocks are up today, and that may be the reason for KGL’s rise on the market today.
According to Yahoo Finance, the gold penny stock is currently trading at $0.03 a share, up $0.01 (+25.00%).
Rusoro Mining Ltd (TSXV:RML)
Rusoro Mining is headquartered in Vancouver, BC, and engages in the acquisition, exploration, development, and operation of gold mining in Venezuela. Yesterday the company announced it had received a settlement proposal from the Bolivarian Republic of Venezuela. The government agreed to pay over $1.28 billion USD to acquire the company’s mining data.
“We are very pleased that we have agreed on terms of a settlement with Venezuela,” said Vladimir Agapov, Chairman of Rusoro. “We look forward to the execution of the Settlement Agreement and towards our continued relationship with Venezuela in assessing two of Rusoro’s former gold projects regarding a potential partnership to restart production of the Choco 10 and San Rafael – El Placer mines.”
According to Yahoo Finance, the gold penny stock is currently trading at $0.22 a share, up $0.02 (+12.50%).
>> Cannabis Penny Stocks: Cannex Capital Holdings and Wayland Group
GT Gold Corp (TSXV:GTT)
GT Gold Corp is also based in Vancouver, BC, and engages in the acquisition, exploration, and development of gold properties in Canada. Yesterday, the penny stock announced the results of its latest holes in its Saddle North target.
The stock has been climbing the market since early Wednesday but has slightly corrected today—despite the positive drilling news released yesterday. According to Yahoo Finance, the gold penny stock is trading at $1.47 a share, down -$0.11 (-6.96%).
Featured Image: Depositphotos/© Wavebreakmedia
