The Canada-listed junior resource stocks we’ve identified are poised to outperform in the current market environment
SmallCapPower | March 14, 2022: The Russia-Ukraine war and inflationary pressures have caused major volatility in markets, with commodities such as oil, nickel, fertilizer, grain, and others hitting all-time highs. This has created a fertile environment for big gains in resource stocks. Today we have filtered through and found three junior resource stocks that could outperform in the coming weeks and months.
*Share price data and other metrics as of March 11, 2022
Puma Exploration Inc. (TSXV:PUMA) – $0.51
Junior Mining
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada, which has been ranked the best place in the world to conduct mining exploration by the 2012 Fraser Institute Survey.
- Market Cap: $53.0M
- 7-Day Return: -1.9%
- 30-Day Return: +10.9%
- 30-Day Average Trading Volume: 176,011
Callinex Mines Inc. (TSXV:CNX) – $3.19
Junior Mining
Callinex Mines is advancing its portfolio of copper, zinc, gold and silver rich deposits located in the Flin Flon, Bathurst and Buchans mining districts, where nearby operations are actively mining for copper, zinc, gold and silver. The portfolio is highlighted by its Pine Bay Project in the Flin Flon Mining District, which hosts the high-grade copper, gold, silver and zinc Rainbow Deposit that is being rapidly expanded. The Rainbow Deposit is located within a mineral lease, less than 250m from a high-voltage hydroelectric power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon, MB. Additionally, the Company advancing two near surface silver discoveries in close proximity to its Nash Creek deposit in the Bathurst Mining District of New Brunswick. A 2018 PEA on its Bathurst Project portfolio outlined a mine plan that generates a strong economic return, with a pre-tax IRR of 34.1% and NPV(8%) of $230 million.
- Market Cap: $45.9M
- 7-Day Return: +4.6%
- 30-Day Return: +36.5%
- 30-Day Average Trading Volume: 29,793
Independence Gold Corp. (TSXV:IGO) – $0.11
Junior Mining
Independence Gold is an exploration-stage company. The Company operates through the segment, which is being the acquisition, exploration and evaluation of mineral properties in North America. It holds interests in an exploration project in central British Columbia and various projects in the Yukon Territory.
- Market Cap: $12.0M
- 7-Day Return: +20.0%
- 30-Day Return: +33.3%
- 30-Day Average Trading Volume: 56,934
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