It wasn’t the most active stock on the market this week — 58,600 shares changed hands — but Noble Peak Resources was certainly one of the best performers.
The exploration company continued a two-week climb that saw the price of its shares more than double from a low of $4.15 two weeks ago. This week it was up $2.50 to close at $9.
The company says early results from diamond drilling on its Happy Lake project at Rankin Inlet in the Northwest Territories has provided evidence of a large tonnage gold deposit. Values include 16 ft grading 0.58 oz gold per ton and 25 ft grading 0.39 oz.
Seadrift International Exploration was the most active stock this week. It moved up 40 cents to close at $3 on 364,200 shares.
Canadian Gold Resources, a Hughes-Lang company with an interest in some former gold producers in the Jellicoe area of northwestern Ontario, was off 64 cents to close at $1.10 on 151,800 shares.
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