The resource juniors on our list have something to talk about at this week’s conference in Toronto
SmallCapPower | September 28, 2016: As Mines and Money Americas is happening this week in Toronto, we have chosen to evaluate the ones on our list today have seen its shareholder value explode. Added into the metrics are the 5 year Beta, and Free Float to provide different lenses when analyzing growth. The beta of a stock is the response variable of how a stock’s value changes in relation to market conditions and it informs you of the volatility and, subsequently, the risk associated with the stock. For example, a high beta means that when the market does well, the stock value does very well and vice-versa. A beta of 1 means that the stock value changes in line with the changes in value of the market. Free Float refers to the percentage of outstanding shares that are not held by management as it assumes those shares are held on a long-term basis. This can be a good indicator of how management perceives the future outlook of the company. A high percentage free float means that the management isn’t invested heavily into the company, and a low percentage free float means that the management owns a majority of the company’s stock.
Millennial Lithium Corp. (CVE:ML) – $2.25
Lithium Exploration and Development
Millennial Lithium Corp., formerly Redhill Resources Corp., is a Canada-based company, which is engaged in acquiring, exploring and developing various lithium resource properties. The Company focuses on Montney Leases, which covers approximately 2,050 hectares in North Western Alberta. The Company has generated no revenue.
- Market Cap: $63.28 (mm)
- YTD Stock Price Change: +2400%
- 5- Year Beta: 4.31
- Free Float PCT: 88.1%
Northern Shield Resources Inc. (CVE:NRN) – $0.16
Non-Gold Precious Metals & Minerals
Northern Shield Resources Inc. is a development-stage company engaged in the business of identifying, acquiring and exploring mineral properties located in Ontario and Quebec. The Company is engaged in the exploration for platinum group element (PGE) and associated metals in Canada. The Company’s properties include Huckleberry, Idefix, Tempest, Brian, Vagabond and Roquet Sedex. The Company has no revenue as its mineral properties are all in the exploration and analysis-stage.
- Market Cap: $40.64 (mm)
- YTD Stock Price Change: 1,255.7%
- 5- Year Beta: 0.91
- Free Float PCT: 94.0%
Alicanto Minerals Ltd. (ASX: AQI) – $0.29
Non-Gold Precious Metals & Minerals
Alicanto Minerals Ltd. is engaged in identifying exploration projects in Australia and overseas, focusing on discovering minerals deposits. The Company’s primary exploration focuses on gold and base metals on its Western Australian projects. The Company had an option to acquire interest in a portfolio of prospective mineral exploration projects in Western Australia.
- Market Cap: $32.46 (mm)
- YTD Stock Price Change: 862.5%
- 5- Year Beta: 1.33
- Free Float PCT: 52.0%
Golden Predator Mining Corp. (CVE:GPY) – $0.80
Golden Predator Mining Corp., formerly Northern Tiger Resources, Inc., is an exploration-stage company focused on gold and copper exploration in the Yukon and Nevada. The Company owns the Brewery Creek project, a past producing heap leach gold mining operation and is located over 50 kilometers due east of Dawson City in the northwestern region of the Yukon. The Brewery Creek project contains indicated oxide mineral resources of over 14.1 million tons at approximately 1.27 grams per ton gold and inferred oxide mineral resources of over 9.3 million tons at approximately 0.93 grams per ton gold.
- Market Cap: $58.558 (mm)
- YTD Stock Price Change: 507.7%
- 5- Year Beta: 1.70
- Free Float PCT: 32.5%