Revival in Energy producers and Gold mining shares have pushed the Canadian indices to record highs, rewarding investors with the second-best returns among the world’s largest markets this year. The Canadian benchmark S&P/TSX Composite Index has gained over 11% this year closing at a record high 15,146 on June 30, 2014, trailing only the 19% gains in India’s S&P BSE Sensex across the world’s 10 biggest markets. The unrest in Iraq, escalating tensions between Ukraine and Russia and the harshest North American winter in three decades have boosted Oil and natural gas prices this year. Gold prices have risen over 10% till date during 2014.
The S&P/TSX has gained almost twice as much as the S&P 500 this year, in the process attracting international investors looking for better returns. Statistics Canada reports that foreigners have bought C$3.64 billion in shares during April, an eighth month of purchases and the most since November. Valuations of the benchmark equity gauge are trading at three-year high price-to-earnings ratio of 20.2, according to data compiled by Bloomberg. Moreover, Bloomberg estimates that the Canadian earnings are seen improving by 25% during 2014 helped by declines in the Canadian dollar, which are making domestic goods cheaper compared to competition from abroad.
Today, we have picked 10 Canadian stocks trading below $3 which have surged over 200% during the first six months of 2014.. The shortlisted stocks outperformed their respective indices during the past 6-months, recording strong price gains ranging from 225% to 646% with daily average traded volume in excess of 100,000.
Canadian Indices Performance
| Index |
Last Index Value |
Index Return |
Index Return |
Index Return |
|
S&P/TSX Composite Index |
15,146.0 |
3.7% |
5.7% |
11.2% |
|
S&P/TSX Venture Composite Index |
1,028.4 |
4.5% |
3.4% |
10.3% |
Stocks Performance
| Company Name |
Ticker |
Exchange |
Industry |
Market Cap |
Last Price |
Average Volume |
Price Return |
Price Return |
52-Week High |
52-Week Low |
|
Nevada Sunrise Gold Corp |
NEV |
TSXV |
Basic Materials |
24.9 |
1.12 |
100,192 |
24.4% |
646.7% |
1.50 |
0.10 |
|
Stakeholder Gold Corp |
SRC |
TSXV |
Basic Materials |
11.4 |
0.20 |
195,531 |
37.9% |
566.7% |
0.32 |
0.01 |
|
Sanatana Resources Inc |
STA |
TSXV |
Basic Materials |
28.4 |
0.24 |
133,566 |
193.8% |
487.5% |
0.29 |
0.02 |
|
Newport Exploration Ltd |
NWX |
TSXV |
Basic Materials |
39.0 |
0.49 |
189,567 |
102.1% |
438.9% |
0.70 |
0.04 |
|
NioCorp Developments Ltd |
NB |
TSXV |
Basic Materials |
89.6 |
0.73 |
466,650 |
170.4% |
386.7% |
0.79 |
0.10 |
|
Balmoral Resources Ltd |
BAR |
TSX |
Basic Materials |
166.8 |
1.64 |
678,530 |
156.3% |
320.5% |
1.68 |
0.28 |
|
Espial Group Inc |
ESP |
TSX |
Technology |
65.2 |
2.80 |
272,133 |
43.6% |
273.3% |
3.23 |
0.30 |
|
Titanium Corp Inc |
TIC |
TSXV |
Basic Materials |
116.0 |
1.80 |
135,998 |
39.5% |
260.0% |
2.02 |
0.38 |
|
POET Technologies Inc |
PTK |
TSXV |
Technology |
285.6 |
1.79 |
1,515,195 |
31.6% |
237.7% |
2.87 |
0.32 |
|
Blackbird Energy Inc |
BBI |
TSXV |
Energy |
49.5 |
0.26 |
916,870 |
173.7% |
225.0% |
0.31 |
0.05 |
Source: Bloomberg
Note: Price Returns are as of June 30, 2014
Company Description
Nevada Sunrise Gold Corp (TSXV: NEV)
Nevada Sunrise Gold Corporation is a mineral exploration company. The company explores and develops properties for precious and base metals.
Stakeholder Gold Corp (TSXV: SRC)
Stakeholder Gold Corp. is a mineral exploration company. The company is focused on the Ballarat gold property situated in the Dawson Mining District, Yukon Territory and is located due south of Dawson City within the White Gold District.
Sanatana Resources Inc (TSXV: STA)
Sanatana Resources Inc. is a Canadian mineral exploration and development company with interests in Ontario, Yukon and the NWT. The company’s operations include gold and diamond exploration.
Newport Exploration Ltd (TSXV: NWX)
Newport Exploration Ltd. explores for nickel in Australia.
NioCorp Developments Ltd (TSXV: NB)
NioCorp Developments Ltd. is developing the Elk Creek Carbonatite, a primary niobium deposit in the United States.
Balmoral Resources Ltd (TSX: BAR)
Balmoral Resources Ltd. is a mineral exploration company.
Espial Group Inc (TSX: ESP)
Espial Group, Inc. develops and markets Internet Protocol Television software. The company’s software helps communications services providers to offer their subscribers digital television with an electronic program guide, high-definition television, video-on-demand, an interactive content portal, Web TV, pay-per-view, digital video recorder, and other applications.
Titanium Corp Inc (TSXV: TIC)
Titanium Corporation Inc. develops technologies to recover bitumen, solvent, valuable heavy minerals and water from oil sands waste tailings.
POET Technologies Inc (TSXV: PTK)
POET Technologies Inc. produces semiconductor chips. The company developed a platform that combines electronics and optics onto a single chip.
Blackbird Energy Inc (TSXV: BBI)
Blackbird Energy, Inc. is an oil and gas exploration company. The company acquires, develops, and explores oil and gas properties in North America and internationally.
