Redstar’s stock spikes as Eric Sprott takes 12.1% stake

The TSX-V-listed stock of North America-focused exploration firm Redstar Gold spiked by as much as 30% on Tuesday, after precious-metals heavyweight investor Eric Sprott agreed to take a 12.1% stake in the company. Sprott (71), a renowned and respected leader in the investment community, is one of the world's best gold and silver investors, and his C$3-million endorsement prompted the Redstar stock to rise four cents to C$0.17 apiece in intraday trading.