The top cobalt stocks on our list have gains of more than 150% so far this year with the potential for more
SmallCapPower | August 30, 2017: Today we have identified four top cobalt stocks that have registered strong momentum in share price YTD in 2017 on the back of a rising cobalt price. Cobalt, a key ingredient used in lithium-ion batteries, continues to witness strong upward momentum and currently trades at multi-year highs of $28/lb on rising demand for batteries and supply shortages of the metal.
Katanga Mining Ltd (TSX: KAT)
Katanga Mining Ltd. explores for and produces copper and cobalt. The Company operates in the Democratic Republic of Congo.
- Market Cap: $1.4 billion
- % Change YTD in 2017: +428.6%
eCobalt Solutions Inc (TSX: ECS)
eCobalt Solutions Inc. operates as a Canadian mineral exploration and mine development company. The Company mines for a variety of minerals such as cobalt, gold, silver, copper, zinc, lead, and uranium. eCobalt Solutions owns properties in the United States, Canada, and Mexico.
- Market Cap: $185.6 million
- % Change YTD in 2017: +164.8%
US Cobalt Inc (TSXV: USCO)
US Cobalt Inc. (USCO) focuses on the acquisition and development of cobalt and lithium deposits used in power storage solutions including lithium-ion batteries for electric vehicles and consumer electronics. USCO serves customers in the United States and Canada.
- Market Cap: $23.8 million
- % Change YTD in 2017: +158.3%
Geovic Mining Corp (OTCBB: GVCM)
Geovic Mining Corp. explores and produces cobalt and other minerals. Geovic Mining manages projects in Cameroon and the United States.
- Market Cap: $2.8 million
- % Change YTD in 2017: +157.1%
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.
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