Gold once again is showing strength amongst negative market sentiment
SmallCapPower | September 13, 2016: When a central bank raises interest rates, borrowing becomes more expensive. This ultimately decreases cash flows for companies that borrow, and since the value of a corporation is the sum of all cash flows, it also decreases that company’s value. However, as gold is generally a safe haven asset for market uncertainty, our list of gold stocks have benefitted this month, and could see further increases if an announcement is made.
Figures in CAD millions.
Probe Metals Inc. (CVE:PRB) – $2.17
Probe Metals Inc. is a Canada-based junior precious metal exploration company that is engaged in the business of acquiring, exploring and evaluating mineral properties, and developing these properties further or disposing of them when evaluation is complete. It owns interests in over three exploration-stage properties in the James Bay Lowlands area of northern Ontario, Canada, which includes the Black Creek chromite Property, the Tamarack-McFauld’s Lake Property and the Victory Property.
- Market Cap: $187
- MTD Price Change: 55%
- Volume Increase (30D/200D): 163%
- Average Daily Volume (30D): 231,064
Nighthawk Gold Corp. (CVE:NHK) – $0.55
Nighthawk Gold Corp., formerly known as Merc International Minerals Inc., is an exploration company that is engaged in the identification, acquisition, exploration and evaluation of gold properties in the Northwest Territories. Its land position covers approximately 222,200 acres in the Indin Lake Gold Camp, which is located over 200 kilometers north of Yellowknife, Northwest Territories. The Company’s Indin Lake Gold Property contains approximately 10 gold deposits and showings, of which over three are historic mines.
- Market Cap: $75
- MTD Price Change: 34%
- Volume Increase (30D/200D): 139%
- Average Daily Volume (30D): 405,735
MDN Inc. (CVE:MDN) – $0.17
MDN Inc. is a mineral resource company in the exploration and evaluation stage. The Company holds interests in properties located in the regions of Quebec and Ontario in Canada and in de Lake Victoria Goldfield in Tanzania in East Africa. The Company focuses on critical metals, with a specific interest for properties containing niobium. Its mineral properties in Canada include Crevier property, Samaqua property, Prairie Lake property and Argor property. Its mineral properties in Tanzania include Ikungu and Ikungu East properties, Nikonga property and Isambara (Simba) property.
- Market Cap: $26
- MTD Price Change: 32%
- Volume Increase (30D/200D): 198%
- Average Daily Volume (30D): 604,019
Mawson Resources Ltd. (TSE:MAW) – $0.32
Mawson Resources Limited is an exploration stage company. Its geographical segments include Finland, Sweden and Canada. Its exploration focus is on the Rompas-Rajapalot gold project in Finland. It holds approximately two granted exploration permits, over 10 exploration permit applications and approximately two reservations in Finland. The Company also holds a total of over two claims in Sweden covering approximately 2,416 hectares, prospective for gold.
- Market Cap: $29
- MTD Price Change: 31%
- Volume Increase (30D/200D): 78%
- Average Daily Volume (30D): 35,232