Mining penny stocks are dominating the TSXV this morning and overshadowing cannabis stocks. For the past year, cannabis stocks have dominated the Canadian markets as investor interests grew due to cannabis legalization popping up around the globe. But mining has always been a strong industry in Canada and today’s market movement proves just that. White Metal Resource Corp is leading the TSXV by its daily trade volume by a landslide.
Let’s take a closer look at today’s trending mining stocks and their latest company movements.
White Metal Resource Corp. (TSXV:WHM)
White Metal Resource Corp is headquartered in Thunder Bay, Ontario, and operates as a development stage company that engages in the acquisition, exploration, and development of mining properties across Canada. White Metal focuses specifically on gold, silver, and copper deposits.
This morning, the mining penny stock announced its initial due diligence grab sampling from its Little Joanna Gold Property in Central Newfoundland property. The findings were as follows:
“A total of seven grab samples, all with anomalous gold (+40 ppb Au), were collected from quartz vein bearing sedimentary rocks, and range from 40 ppb Au to 229.3 g/t Au (6.70 oz/t Au), averaging 48.5 g/t Au (1.41 oz/t Au). The highest grade sample (229.3 g/t Au) contained visible gold and was collected from subcrop near the main showing, whereas the next two highest grade samples (38.7 g/t and 70.7 g/t Au) were collected from outcrop of quartz vein bearing sedimentary rocks.”
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This gold discovery has obviously peaked investor interest and confidence, as WMH is the top trading stock on the TSXV at the time of writing. According to Yahoo Finance, the mining penny stock is currently trading at $0.09 a share, up +$0.04 (+80.00%).
In addition to White Metal Resource, there are other mining penny stocks trading high today. Solstice Gold Corporation (TSXV:SGC) is currently trading at $0.15 a share, up +$0.01 (+7.14%), and Sparton Resources Inc. (TSXV:SRI) is currently trading at $0.105 a share, up +$0.015 (+16.67%).
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