The Canadian gold stocks on our list have delivered price appreciation of more than 5% month to date along with strong volume momentum
SmallCapPower | September 12, 2017: Today we have identified four Canadian gold stocks that have delivered price appreciation of more than 5% month to date along with strong volume momentum. Some of the companies on our list are also exploring for other metals in addition to gold. Gold stocks have been on a tear of late as global gold prices continue to be on a strong upward momentum over the past few months on a depreciating U.S. dollar (30-month low) and investors’ preference for safety assets amid tensions over North Korea. Gold futures ended Friday at a one-year high of $1,352.36 an ounce on the Comex, and are up nearly 11% from the July 7th 2017, low of $1,209.70 an ounce.
Garibaldi Resources Corp. (TSXV: GGI)
Garibaldi Resources Corp. is a diversified mineral resource company. The Company explores for and develops gold and silver prospects in Mexico.
- Market Cap: $93.8 million
- Price Chg Pct MTD: 70%
- 30 Day Avg Volume: 1,870.741
- 3 Month Avg Volume: 946,369
Telson Resources Inc. (TSXV: TSN)
Telson Resources Inc. is a mining exploration company. The Company acquires, explores and develops properties for gold and silver deposits.
- Market Cap: $83.5 million
- Price Chg Pct MTD: 54.55%
- 30 Day Avg Volume: 70,268
- 3 Month Avg Volume: 40,833
Revival Gold Inc. (TSXV: RVG)
Revival Gold Inc. operates as a mineral exploration company. The Company focuses on gold exploration and development solutions. Revival Gold holds an interest of gold projects in the States of Idaho and Utah.
GoGold Resources Inc. (TSX: GGD)
GoGold Resources, Inc. explores for metals. The Company explores for gold and silver on the San Diego Project located near Durango, Mexico; and gold on the Rambler Project in Newfoundland, Canada.
- Market Cap: $98.2 million
- Price Chg Pct MTD: 5.45%
- 30 Day Avg Volume: 340,149
- 3 Month Avg Volume: 202,015
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. To read more of this Disclaimer please click on the button below: