The penny gold stocks on our list have high ROE over the past five years and are doing at least some gold exploration
SmallCapPower | August 29, 2017: Today we have shortlisted three penny gold stocks with the best average return on equity (ROE) over the past five years. All the stocks on our list have at least some gold exploration component to its operations.
Related: Top 15 Penny Stock Picks of 2017, Categorized by Relative Value, Intrinsic Value, and Growth
Elysee Development Corp (TSXV: ELC)
Elysee Development Corp. acquires and explores mineral properties. The Company mines and produces base metals, gold, and uranium. Elysee Development operates in North America.
- 5 year Average ROE – 33.39%
- Market Cap – $7.4 million
Reliant Gold Corp (TSXV: RNG)
Reliant Gold Corporation is a junior mineral exploration company. The Company acquires, explores, and develops properties for the mining of precious and base metals and uranium.
- 5 year Average ROE – 63.95%
- Market Cap – $0.34 million
Societe d’Exploration Miniere Vior Inc (TSXV: VIO)
Societe d’Exploration Miniere Vior Inc holds various interests in mineral properties throughout Quebec, Canada. The Company’s properties contain copper, nickel, gold and zinc.
- 5 year Average ROE – 18.55%
- Market Cap – $2.42 million
Disclosure: Neither the author nor any of the principals at Small Cap Power, 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:
