Rising metal prices pushed the Canada’s benchmark index S&P/TSX index
to its two-and-half year high last week with far more shares changing hands
than in a normal session. Six out of ten main sector indices advanced last
week with S&P/TSX composite metals & mining industry index leading
the league. U.S. indices remained mixed last week amid U.S. earnings reports
and economic data showing rising industrial production and declining housing
starts.
Ubika Research has picked ten diversified metals & mining stocks trading
below $4 which have outperformed the rise in metal prices with higher market
interest touching their intraday 52-week highs last week. The 5-day average
trading volumes of these stocks are significantly higher than their one
month daily average trading volumes. The shortlisted stocks outperformed
their respective indices during the week recording price gains ranging
from 5% to 71% with daily average traded volume in excess of 100,000.
Index Performance Last Week (January 13th 2014 – January 17th 2014)
|
Canadian Indices |
Last Index Value |
Value Change (5-Day) |
5-Day |
1-Month Average Volume (MM) |
Volume Comparison* |
|
S&P/TSX Composite Index |
13,888.21 |
1.02% |
217.23 |
161.73 |
34.3% |
|
S&P/TSX Venture Composite Index |
976.34 |
1.01% |
67.42 |
60.39 |
11.6% |
|
S&P/TSX Composite Metals & Mining Industry Index |
2,239.46 |
7.09% |
81.96 |
53.89 |
52.1% |
Metals Prices Last Week
|
Precious Metals (Spot) |
Price as on Jan 17, 2014 |
1-Wk Price Change |
|
Gold |
$1,254.1 |
0.4% |
|
Silver |
$20.3 |
0.8% |
|
Base Metals |
Per MT |
|
|
Aluminum |
$1,821.1 |
3.2% |
|
Copper |
$7,340.0 |
0.5% |
|
Nickel |
$14,695.0 |
6.0% |
|
Zinc |
$2,079.0 |
2.3% |
|
Lead |
$2,208.0 |
4.2% |
|
Other Metals (Spot) |
(Per Ounce) |
|
|
Palladium |
$747.3 |
0.5% |
|
Platinum |
$1,454.3 |
1.2% |
Stocks Performance
|
Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Price Change (5-Day) |
Average Volume |
Average Volume |
Volume Comparison* |
52-Week High |
52-Week Low |
|
NioCorp Developments Ltd |
NB |
TSXV |
24.1 |
0.24 |
14.3% |
1,184,511 |
345,993 |
242.4% |
0.28 |
0.09 |
|
Tasman Metals Ltd |
TSM |
TSXV |
83.4 |
1.37 |
5.4% |
251,630 |
89,260 |
181.9% |
1.65 |
0.51 |
|
Jager Metal Corp |
JEM |
CNSX |
7.1 |
0.62 |
37.8% |
129,700 |
46,972 |
176.1% |
0.62 |
0.15 |
|
Commerce Resources Corp |
CCE |
TSXV |
34.2 |
0.21 |
70.8% |
1,062,518 |
433,966 |
144.8% |
0.26 |
0.06 |
|
Probe Mines Ltd |
PRB |
TSXV |
193.0 |
2.55 |
8.1% |
372,379 |
155,101 |
140.1% |
2.57 |
1.10 |
|
Capstone Mining Corp |
CS |
TSX |
1,211.5 |
3.19 |
7.8% |
4,982,771 |
2,100,623 |
137.2% |
3.26 |
1.68 |
|
Western Forest Products Inc |
WEF |
TSX |
895.7 |
2.29 |
8.0% |
6,247,990 |
2,979,323 |
109.7% |
2.35 |
1.20 |
|
Klondex Mines Ltd |
KDX |
TSX |
140.3 |
1.77 |
6.6% |
646,911 |
362,559 |
78.4% |
1.77 |
0.91 |
|
SEMAFO Inc |
SMF |
TSX |
985.6 |
3.59 |
18.1% |
4,087,130 |
2,441,771 |
67.4% |
3.63 |
1.23 |
|
African Gold Group Inc |
AGG |
TSXV |
22.0 |
0.19 |
31.0% |
263,298 |
186,241 |
41.4% |
0.20 |
0.06 |
Source: Bloomberg
*Volume Comparison: 5-Day average volume over 30-Day average volume
Company Description
NioCorp Developments Ltd (TSXV: NB)
NioCorp Developments Ltd. is developing the Elk Creek Carbonatite, a primary
niobium deposit in the United States.
Tasman Metals Ltd (TSXV: TSM)
Tasman Metals Ltd. is a mineral exploration company. The company
explores for rare earth metals in Sweden, Finland and Norway.
Jager Metal Corp (CNSX: JEM)
Jager Metal Corp. is an exploration company. The company focuses on acquiring
and developing mineral properties within Canada.
Commerce Resources Corp (TSXV: CCE)
Commerce Resources Corporation is an exploration and development company.
The company focuses on deposits of tantalum, niobium, and rare earth elements
in Canada.
Probe Mines Ltd (TSXV: PRB)
Probe Mines Ltd. explores for base and precious metals. The company operates
in Ontario and Quebec.
Capstone Mining Corp (TSX: CS)
Capstone Mining Corp. is involved in the exploration, development, and
production of various minerals, including gold, silver, copper, zinc, iron
and lead. The company operates projects in Canada, Mexico, and Chile.
Western Forest Products Inc (TSX: WEF)
Western Forest Products Inc. is an integrated forest products company
and a coastal woodland operator located in British Columbia, Canada. The
company’s activities include timber harvesting, reforestation, sawmilling
logs into lumber and wood chips, value-added remanufacturing, and producing
NBSK pulp. Western Forest’s products are sold in various countries
worldwide.
Klondex Mines Ltd (TSX: KDX)
Klondex Mines Ltd. acquires, explores, and evaluates mineral properties.
The company currently mines for gold in the State of Nevada.
SEMAFO Inc (TSX: SMF)
SEMAFO is a Canadian-based mining company with gold production and exploration
activities in West Africa. The company currently operates the Mana Mine
in Burkina Faso, the Samira Hill Mine in Niger, and the Kiniero Mine in
Guinea
African Gold Group Inc (TSXV: AGG)
African Gold Group, Inc. and its subsidiaries explore for gold in Ghana.
The company holds exploration licenses in the Sefwi Gold Belt and the Asankrangua
Gold Belt.
