We’ve got a new face in the Top 3 today, in fact… two new faces! Both members ‘mxyxptlk’ and ‘SUZ’ (who both selected Kootenay Silver Inc. as one of their stock picks this month) are tied for third place with returns of 26.79%. Currently ahead of them is second place member ‘Messenger7’ (31.58% return) and, last but not least, first place member ‘avispa’ (44.32% return).
Kootenay Silver Breaks Out With Strategic Investment While Roscan Gold Breaks Down
Kootenay Silver was one of Stock Challenge’s biggest stock break outs today, rising 19.44% to a new 52-week high of C$0.21. Kootenay Silver announced just today that it was receiving a $5 million investment from strategic investor Eric Sprott.
Via Kootenay Silver,
James McDonald President and CEO stated “We are very pleased to have the support of Mr. Eric Sprott as a major investor in Kootenay. Having Mr. Sprott make a significant investment in the Company is a strong endorsement of our silver asset base. This financing puts us in a very strong financial position and allows us to move aggressively forward on not just Columba, but our other key assets as well.”
It was only last week that Canadian billionaire Eric Sprott—a well-known investor in the junior mining industry—invested in another silver explorer, Brixton Metals. Sprott has been on a tear over the past couple of months, having invested over C$139 million in junior mining companies between May and July 2019.
Roscan Gold was Stock Challenge’s biggest stock break down of the day, falling 13.89% from C$0.18 to C$0.15. The company announced at the end of last July that it was expanding its investor relations campaign.