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Vancouver gold junior can’t explain 40% stock price jump

Vancouver gold junior can’t explain 40% stock price jump
Mining News Pro - Markets overseer IIROC on Friday asked Gungnir Resources (TSX-V: GUG, OTC PINK: ASWRF) to comment after the Sweden-focused explorer’s shares surged more than 40%.
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According to Mining News Pro - Management of Gungnir, now worth $8m in Toronto after 10 times the usual volumes were traded in the small-cap, said it’s “unaware of any material change in the Company’s operations that would account for the recent increase in market activity.”

Surrey, BC-based Gungnir said it recently commenced drilling on its Knaften property in Sweden, where it initially focused only on gold at the Rodingtrask volcanogenic massive sulphide (VMS) target.

According to the press release, Gungnir also plans to test the new copper-nickel target discovered in 2017 and extensions of the Knaften 300 Gold Zone, both on the Knaften property.


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