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All Penny News: Probe Metals Acquires Additional Mining Claims in Quebec, Shares Up 500% Since February


Mississauga, ON -- (SBWIRE) -- 09/15/2016 -- Media, Inc. ( announces its latest article titled "Probe Metals Acquires Additional Mining Claims in Quebec, Shares Up 500% Since February."

Companies mentioned in this article include Probe Metals Inc. (TSX-Venture:PRB).

Article Excerpt:

Stocks have bounced back in trading yesterday, with the optimism continuing in today's trade. All major North American indexes are trading higher after oil reversed its recent downward slide.

As mentioned, the focus on trader's minds today seems to have shifted to the oil markets. Oil prices have seen a rebound after a sharp pullback in recent days amid concerns over the glut in the downstream market. In fact, it was the glut in the downstream market that had first sparked a sell-off in oil two months after it bounced back from its February lows. The main worry is that the huge glut would force refiners to cut back on their production, which would eventually hurt crude demand.

With no indications of a production freeze from major members of the Organization of Petroleum Exporting Countries or OPEC, oil could remain under pressure even after today's bullish bounce. Even with oil on an overall downward trajectory over the last few days, gold prices have seemed to hold onto most of their gains thus far as investors continue to jump inot gold as a safe haven trade.

Among the stories we saw cross the tape yesterday concerned Probe Metals Inc. (TSX-Venture:PRB). Based in Toronto, Ontario, Probe Metals is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The Company is well-funded and controls a strategic land package of over 1,000-square-kilometres of exploration ground within some of the most prolific gold belts in Ontario and Quebec: Val d'Or, West Timmins, Casa-Berardi and Detour Quebec. It is focusing on the discovery and development of high quality gold projects, including its key asset the Val-d'Or East Gold Project. Major gold mining firm Goldcorp Inc. (NYSE:GG) currently holds a 14% stake in PRB.

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