Galane Gold (GG:TSXV) moved 15% higher Tuesday after announcing the closing of its Galaxy Gold acquisition.
Galane Gold is not your everyday TSX Venture issuer and has actually produced a significant amount of gold in recent quarters. Its stock received heightened attention in early July after announcing that for the three months ended June 30, 2016 production from the Mupane mine was 7,855 ounces, an increase of 2,027 ounces on the previous quarter. This took the market by surprise, resulting in a parabolic move in its stock.