A certain micro cap is on the move this morning after the company announced that it has received final TSX Venture Exchange acceptance for completing a previously announced acquisition through Black Swan Phraphene Inc. Shares of Mason Graphite Inc. (TSX-Venture:LLG) rallied on the news.
Mason Graphite is a Canadian mining and processing company focused on the development of its 100%-owned Lac Gueret natural graphite deposit located in northeastern Quebec. The Company is led by a highly experienced team that has over five decades of experience in graphite production, sales, and research and development.
Traders were excited on the news as shares popped up to $0.51/share (+5.15%) following the announcement. This move confirmed the support that was found this week as the stock attempts to revert back to higher levels that were experienced over the last few months.
