Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Columbus Gold (CN:CGT) spin-out Allegiant Gold (CN:AUAU) enjoyed a positive debut on the TSX Venture Exchange yesterday, closing up 13.3% to C68c despite Toronto’s mining and metals sector closing down 1.94%.

The spin-out was approved by Columbus shareholders in November and is led by industry veteran Andy Wallace.

Allegiant has more than a dozen gold projects in the US with the bulk in Nevada.

The gold price was almost US$10 an ounce higher than this time yesterday in the wake of US president Donald Trump's state of the union address, where he called for unity, spruiked economic achievements and called on Congress to produce a bill that generated "at least US$1.5 trillion" for new infrastructure investment.

Australian gold stocks had a better day than yesterday.

Pilbara conglomerate gold co-trendsetter Artemis Resources (AU:ARV) was one of the key gainers, rising 7.5% on a newsy day.

he company announced it had received bought deal commitments to raise an additional A$2 million to the $4.5 million capital raising announced yesterday.

Click here to continue reading...

 

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 24753.10 0.24%
S&P 500 2721.33 0.24%
NASDAQ 7433.85 0.13%
TSX 16075.67 0.24%
TSX-V 775.41 0.00%

Resource Commodities

Name Last Change
Gold 1301.61 0.25%
Silver 16.51 0.00
Copper 3.07 0.000
Platinum 902.03 0.000
Oil 67.88 4.17%
Natural Gas 2.94
Uranium 22.80 0.00%
Zinc 1.37 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest