SmallCapPower.com has shortlisted three Canada-listed stocks that have surged more than 70% during the past five trading sessions, including one oil and gas name that has more than doubled.
Shares of the Canadian oil and natural gas explorer with operations in South Asia shot up 144% after the company unveiled plans to sell its 10% stake in a large, but troubled, Indian deep sea gas asset. The proposed sale is bad news for the KG-D6 field, which was once described as India’s largest gas discovery, and overall enticed BP to invest $7.2 billion for a 30% stake in 2011.
Rare Element Resources (TSX: RES)
The rare earth project developer’s stock pricehas surged 95% of late. On February 11, 2015, the company announced positive preliminary feasibility study results for its Bear Lodge Critical Rare Earth Project located in northeast Wyoming. Highlights included a 29% after-tax internal rate of return and a NPV of $330 million (using a 10% discount rate).
The Canadian mineral exploration and development company focused on critical metals, including REE’s and tungsten, in Scandinavia has seen its shares jump 74% recently.
