4 Lithium Penny Stocks That Are Top Performers

Share on Linkedin

The lithium penny stocks on our list today have an average three-month return of 72%

SmallCapPower | February 14, 2018: Lithium prices have increased 50% Y/Y, and the Global X Lithium and Battery Tech ETF has increased 30% over the same period. These explorers have had strong returns over the past year, however, lithium stocks in general have been down over the past month. Today we’ve identified four lithium penny stocks that could benefit from another run in the lithium price.

QMC Quantum Minerals Corp. (TSXV:QMC) – $0.88
Specialty Mining & Metals

Quantum Minerals is a Canada-based lithium explorer operating in Manitoba. The Company’s primary asset, the Cat Lake property, holds historical reserves of 1.2Mt grading 1.5% lithium oxide. The Company’s stock price increased 320% in November as it announced a US$1.6M private placement and the completion of sampling.

  • Market Cap: $52.2 Million
  • 1 Month Total Return: -5.4%
  • 3 Month Total Return: 104.7%

Power Americas Minerals Corp. (TSXV:PAM) – $0.20
Diversified Mining

Power Americas Minerals is a Canada-based explorer operating in Ontario and Alberta. The Company is conducting exploration with its six exploration permits in the Spirit River area. The permits contain over 1000 well sites. The Company plans to retrieve brine samples in co-operation with local petro-operators. The Company also operates the Kittison Cobalt exploration project.

  • Market Cap: $7.8 Million
  • 1 Month Total Return: -37.5%
  • 3 Month Total Return: 66.7%

Power Metals Corp. (TSXV:PWM) – $ 0.69
Specialty Mining & Metals

Power Metals is an exploration-stage company focused on its lithium assets in Canada. The Company’s portfolio comprises seven properties in Ontario, Alberta and Nova Scotia. PWM’s flagship property is the hard-rock Case Lake Lithium project located 100 kilometers north of Kirkland Lake, Ontario.

  • Market Cap: $66.3 Million
  • 1 Month Total Return: -10.4%
  • 3 Month Total Return: 62.4%

ABE Resources Inc. (TSXV:ABE) – $0.60
Specialty Mining & Metals

ABE Resources is a Canada-based gold and lithium explorer operating in Quebec. In December, the Company acquired its Sirmac property from Nemaska Lithium for $250,000 and 15M common shares. The site hosts historical reserves of 320,000t grading 2.0% Li2O, and recent drilling results included one hole assaying 1.7% Li2O over 16.5m.

  • Market Cap: $38.5 Million
  • 1 Month Total Return: -15.5%
  • 3 Month Total Return: 53.85%

Far Resources Ltd. (CSE:FAT) – $0.59
Diversified Mining

Far Resources is a Canada-based lithium and gold explorer operating in Manitoba. The Company is conducting exploration at its Zoro asset. The site hosts historical reserves of 1.8Mt grading 1.4% lithium oxide, and the Company’s recent drilling campaign included one hole assaying 2.2% lithium oxide over four metres.

  • Market Cap: $57.0 Million
  • 1 Month Total Return: -34.4%
  • 3 Month Total Return: 51.3%

To find out more about Power Americas Minerals, please visit the company’s Investor Hub.

Power Americas Minerals Corporation (TSXV:PAM) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below: