The ‘Sell in May and Go Away’ phenomenon refers to the seasonal selling pattern between May and November in which certain types of securities, typically junior resource stocks, are sold due to the inactivity and volatility of the thinly-traded summer months. And while it doesn’t occur every year, at least four junior resource stocks are showing signs of seasonal weakness in May 2015 with declines of 18% or more.
Khan Resources Inc. (CSE: KRI) – $0.41
Uranium
Khan Resources Inc. is a Canada-based company engaged in the development of the Dornod uranium property in Mongolia. In June 2009, Mongolia and Russia announced their intention to form a new Mongolian-Russian joint venture to replace the Company in mining the Dornod property.
- Market Cap: $30,598,508
- Price change (1 month): -34.68%
Orca Gold Inc. (TSXV: ORG) – $0.29
Gold
Orca Gold Inc., formerly Canaco Resources Inc., is a Canada-based company engaged in the acquisition and exploration of mineral properties in Africa. The company’s initial focus is on two properties, Blocks 14, and 68, constituting a large land holding 15,674 square kilometres in northern Sudan near the border with Egypt that forms part of the Arabian-Nubian Shield. The company drilled several holes successfully for the year ending December 2013.
- Market Cap: $30,687,294
- Price change (1 month): -22.97%
Tanzanian Royalty Exploration Corp. (TSX: TNX) – $0.42
Gold
Tanzanian Royalty Exploration Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The Company explores or acquires gold or other precious metal concessions through its own efforts or through the efforts of its subsidiaries. Its mineral interests in Tanzania are initially held under prospecting licenses granted pursuant to the Mining Act, 2010 (Tanzania) for a period of up to four years, and are renewable two times for a period of up to two years each.
- Market Cap: $42,327,574
- Price change (1 month): -20.19%
Forsys Metals Corp. (TSX: FSY) – $0.22
Uranium
Forsys Metals Corp. (Forsys) is engaged in the business of acquiring, exploring and developing mineral properties that are located in Namibia, Africa. The Company’s principal focus is on bringing its wholly-owned Norasa Uranium Project (Norasa) into production and increasing total uranium resources through an advanced exploration program.
- Market Cap: $26,310,715
- Price change (1 month): -18.52%
