Shares of Gainey Capital Corp (CVE:GNC) shot up 12.5% on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. 113,500 shares traded hands during trading, a decline of 62% from the average session volume of 302,094 shares. The stock had previously closed at C$0.12.
The firm has a market capitalization of $8.84 million and a price-to-earnings ratio of -0.97.
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Gainey Capital Corp., a gold and silver exploration company, engages in the acquisition and exploration of mineral properties. The company owns the El Colomo project covering an area of 18,766 hectares; and a mill in the gold/silver-rich Sierra Madre Occidental trend in western Mexico. It also has an option agreement to own a 100% interest in the Las Margaritas property, which consists of two mineral concessions encompassing a total of 500 hectares located in the State of Durango, Mexico.
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