Markets

Canaco Resources Down 11%; Hits New Year Low Of $1.07 Despite No Apparent News Today

Canaco Resources Inc (CAN.V) shares are currently trading at $1.09, down 13 cents from its close. The shares briefly touched a new year low of $1.07, before recovering slightly.

Canaco had reported additional drill results at its Magambazi mine on Dec 5th. It stated that a potential new zone of mineralization has been identified in the upper gneiss at the north end of Magambazi South and additional assays will be prioritized for this location.

New results from the Cave Lode, east of Magambazi Main Lode also strongly indicated continuity for this area of mineralization, Canaco said.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More