Canadian equity indices extended their gains for the third straight week on the back of strong earnings growth, positive U.S. manufacturing data and strong Canadian natural gas sales data. Last week, Statistics Canada reported that Canadian natural gas sales increased 8.9% year on year to 10,210 million cubic meters during December 2013, which was 26.4% higher than the November 2013 sales. However, the decline in energy commodities prices offset the positive sales data. Gold prices increased a marginal 0.42% closing Friday at $1,324.25 an ounce while crude oil prices increased 1.9% ending the week at $102.20 per barrel. Investors will keenly watch the latest economic growth figures for Canada and the U.S. to be released this week along with earnings reports from the big Canadian banks.
Ubika Research has shortlisted ten Canadian natural resources stocks which outperformed the major Canadian equity indices and their respective sector indices last week witnessing higher market interest. We note that these stocks touched their 52-week highs last week. Average trading volumes over the past five days have been significantly higher than their one month daily average trading volumes. The shortlisted stocks outperformed their respective indices during the week, recording price gains ranging from 15% to 130% with daily average traded volume in excess of 100,000.
Index Performance during the Past Week (February 17th 2014 – February 21st 2014)
| Index |
Last Index Value |
Value Change (5-Day) |
Average Volume |
Average Volume |
Volume Comparison* |
|
S&P/TSX Composite Index |
14,205.7 |
1.1% |
197,496,496 |
195,134,428 |
1.2% |
|
S&P/TSX Venture Composite Index |
1,021.7 |
2.5% |
83,073,818 |
71,514,064 |
16.2% |
|
S&P/TSX Composite Index Energy Sector Index |
3,012.1 |
0.9% |
55,162,070 |
53,805,487 |
2.5% |
|
S&P/TSX Composite Metals & Mining Industry Index |
2,473.0 |
1.6% |
68,950,969 |
63,390,689 |
8.8% |
Stocks Performance
| Company Name |
Ticker |
Exchange |
Sector |
Market Cap |
Last Price |
Price Change (5-Day) |
Average Volume |
Average Volume |
Volume Comparison* |
52-Week High |
52-Week Low |
|
NexGen Energy Ltd |
NXE |
TSXV |
Basic Materials |
67.8 |
0.53 |
130.4% |
2,869,250 |
682,152 |
320.6% |
0.65 |
0.23 |
|
Taipan Resources Inc |
TPN |
TSXV |
Energy |
47.8 |
0.56 |
47.4% |
3,213,138 |
887,038 |
262.2% |
0.66 |
0.17 |
|
Anderson Energy Ltd |
AXL |
TSX |
Energy |
46.6 |
0.27 |
58.8% |
2,219,264 |
649,674 |
241.6% |
0.28 |
0.11 |
|
IBC Advanced Alloys Corp |
IB |
TSXV |
Basic Materials |
13.5 |
0.22 |
26.5% |
1,372,385 |
488,834 |
180.7% |
0.27 |
0.04 |
|
Crown Point Energy Inc |
CWV |
TSXV |
Energy |
82.6 |
0.79 |
17.9% |
1,414,137 |
548,318 |
157.9% |
0.83 |
0.14 |
|
Saturn Minerals Inc |
SMI |
TSXV |
Energy |
15.9 |
0.18 |
44.0% |
404,514 |
173,576 |
133.0% |
0.18 |
0.07 |
|
Geomega Resources Inc |
GMA |
TSXV |
Basic Materials |
29.5 |
0.69 |
81.6% |
1,660,934 |
726,520 |
128.6% |
0.69 |
0.08 |
|
Canadian Overseas Petroleum Ltd |
XOP |
TSXV |
Energy |
122.8 |
0.37 |
15.6% |
834,267 |
383,722 |
117.4% |
0.40 |
0.11 |
|
InZinc Mining Ltd |
IZN |
TSXV |
Basic Materials |
12.0 |
0.19 |
31.0% |
127,043 |
58,526 |
117.1% |
0.19 |
0.04 |
|
EnerGulf Resources Inc |
ENG |
TSXV |
Energy |
36.2 |
0.45 |
28.6% |
142,415 |
71,086 |
100.3% |
0.45 |
0.14 |
Source: Bloomberg
*Volume Comparison: 5-Day average volume over 30-Day average volume
Company Description
NexGen Energy Ltd (TSXV: NXE)
NexGen Energy Ltd. operates as a special purpose uranium exploration company. The company acquires, explores and develops properties for uranium resources in Canada.
Taipan Resources Inc (TSXV: TPN)
Taipan Resources Inc. is a mineral and hydrocarbon exploration company focused on developing oil and gas assets in East Africa and other prospective regions of the world.
Anderson Energy Ltd (TSX: AXL)
Anderson Energy Ltd. acquires, explores, develops, and produces oil and natural gas properties in western Canada.
IBC Advanced Alloys Corp (TSXV: IB)
IBC Advanced Alloys Corp. manufactures and supplies advanced casting alloys and other intermediate products. The company’s focus is on beryllium related alloys as well as non-ferrous alloys for a broad range of industrial applications including nuclear power, oil and gas, defense, electronics and automotive.
Crown Point Energy Inc (TSXV: CWV)
Crown Point Energy Inc. is a junior international oil and gas company. The company is focused on identifying, acquiring and developing oil and gas deposits in Argentina (onshore).
Saturn Minerals Inc (TSXV: SMI)
Saturn Minerals, Inc. explores for coal, gas and oil. The company operates on the Armit & Enwood, Muskeg & Overflowing, Mistatim, and Red Earth properties in Saskatchewan and Manitoba.
Geomega Resources Inc (TSXV: GMA)
Geomega Resources, Inc. acquires, develops and explores mining properties. The company operates in Quebec.
Canadian Overseas Petroleum Ltd (TSXV: XOP)
Canadian Overseas Petroleum Ltd. explores, develops, and produces natural gas and oil. The company explores for oil and gas offshore in the United Kingdom North Sea.
InZinc Mining Ltd (TSXV: IZN)
Lithic Resources Ltd. acquires and explores mineral properties. The company’s current focus is on zinc exploration and production.
EnerGulf Resources Inc (TSXV: ENG)
EnerGulf Resources Inc. is an energy and resource exploration company with projects in East Africa, West Africa, the United States, and Canada.
