Junior Miner Rips On New Government Contracts

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, May 18, 2022

A Texas junior miner just announced that the company won new government contracts as well as increased its operations from its Cargo boat Murni, which is located in Sumatra in the Padang Harbor, and has the capacity to haul over 200 tons of Construction building materials for Resorts and Government Contracts between Sumatra , Nias , and Telos islands, according to the release. This sent shares of Gold and GemStone Mining Inc. (OTCPK:GGSM) soaring on Wednesday.

Gold and GemStone Mining Inc. is an exploration stage company. It is engaged in the acquisition, exploration, and development of gold and other silver properties. The company's mining claims include British Columbia Canada, Sinaloa, Mexico for gold and rare earth elements. Its project includes Chihuahua and Gringo Viejo project in Mexico.

Traders couldn’t seem to get their hands on shares of this micro cap fast enough as the prices quickly surged up to $0.0025/share (+56.25%) at the session high. This move could be indicative of things to come as the longer-term support levels appear to be slightly elevated from trough to trough.

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