Latest Reports on Market Movers Maple Leaf Green World, Golden Dawn Minerals, Memex, and IMPACT Silver

NEW YORK, NY / ACCESSWIRE / August 30, 2016 / Stock markets in the U.S. and Canada were buoyed by the financial sector Monday after comments made by Federal Reserve Chairwoman Janet Yellen hinted at a potential interest rate hike. The S&P/TSX Composite Index posted a gain of 0.29 percent, while the S&P 500 Index rose 0.52 percent. The TSX’s financial sector saw a rise of 0.48 percent, while the materials and energy sector posted a gain of 1.20 percent and a decline of 0.24 percent, respectively.

“In light of the continued solid performance of the labour market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,” commented Yellen at the Fed’s annual monetary policy conference in Jackson Hole, Wyoming.

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Maple Leaf Green World Inc. (TSX-V: MGW)

Get Your Up-To-Date Maple Leaf Green World Research Report at www.rdinvesting.com/company/MGW.

Maple Leaf Green World’s shares gained 13.33 percent to close at C$0.34 a share Monday. The stock traded between C$0.31 and C$0.37 on volume of 1.44 million shares traded. The company announced that it has begun harvesting its first crop at its California facility. The first tranche of approximately 100 pounds of product is expected to be shipped out in two weeks. Shares of Maple Leaf Green World have gained approximately 277.8 percent year-to-date and are up roughly 195.7 percent in the past month.

Golden Dawn Minerals Inc. (TSX-V: GOM)

Get Your Up-To-Date Golden Dawn Research Report at www.rdinvesting.com/company/GOM.

Golden Dawn Minerals’ shares surged 22.58 percent to close at C$0.38 a share Monday. The stock traded between C$0.34 and C$0.38 on volume of 3.36 million shares traded. The company announced that it has executed a definitive funding agreement for up to USD$5.0 million. Golden Dawn plans to use the funds and additional cash on hand to exercise the Company’s previously announced option with Huakan International Mining Inc. Shares of Golden Dawn Minerals have gained approximately 406.7 percent year-to-date and are up roughly 4.1 percent in the past month.

Memex Inc. (TSX-V: OEE)

Get Your Up-To-Date Memex Research Report at www.rdinvesting.com/company/OEE.

Memex shares spiked 15.25 percent to close at C$0.34 a share Monday. The stock traded between C$0.28 and C$0.34 on volume of 1.90 million shares traded. Memex reported revenue of C$919,000 for the third quarter ended June 30th, 2016, an increase of 104 percent when compared to the same period a year ago. Year-to-date sales totaled C$2.1-million, exceeding the C$2 million mark for the first time in the company’s history. Shares of Memex have gained approximately 142.9 percent year-to-date and are up roughly 74.4 percent in the past month.

IMPACT Silver Corp. (TSX-V: IPT)

Get Your Up-To-Date IMPACT Silver Research Report at www.rdinvesting.com/company/IPT.

IMPACT Silver’s shares declined 6.98 percent to close at C$0.80 a share Monday. The stock traded between C$0.80 and C$0.85 on volume of 958,160 shares traded. The company reported revenues totaled C$4.4 million for the second quarter of 2016, an increase of 61 percent when compared to revenues of C$2.7 million in the second quarter of 2015. Shares of IMPACT Silver have gained approximately 566.7 percent year-to-date, but have fallen roughly 23.8 percent in the past month.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, a CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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