This article is 6 years old. Images might not display.
The rise took its market capitalisation to C$1 billion.
The company was created by Watusi Capital Corp exchanging shares for an option over a portfolio of Altius Minerals' copper-gold projects in Chile.
Aethon said it had C$8 million (US$6.2 million) in cash and no debt and its most advanced property Arcas was contiguous to projects being explored by Antofagasta Minerals and Anglo American.
At the bigger end of town, copper miner Nevsun Resources (TSX:NSU) had closed up 8.83% on Friday on no news.
Its rise helped the copper segment to post the biggest gain among the S&P/TSX Composite Index's metals and mining sectors.
North American shares had a buoyant end to the week after the US unemployment rate hit an 18-year low.
The positivity flowed to Australian trade with an upbeat start for mining stocks on the S&P/ASX200 this morning.
BHP (ASX:BHP) was up around 1.5% at the time of writing and followed Rio Tinto's (LSE:RIO) gain of 1.88% on Friday, one of the bigger gains among the metals and mining stocks on the FTSE100.
NAFTA talks resume in the US today, while Chinese trade data and Australia's budget are due out tomorrow and a Bank of England policy decision will be announced on Thursday, Bloomberg noted.
