Good liquidity and a rising gold price have sent the junior gold stocks on our list up 30%+ in the past 13 weeks
SmallCapPower | January 24, 2017: With the U.S. dollar hitting a seven-week low as President Trump makes protectionist statements and the uncertainty surrounding his economic policies continue, the gold price hit its highest level since November 22, 2016. Today, we have identified five junior gold stocks with low debt-to-equity ratios that have rallied significantly over the past 13 weeks.
Majestic Gold Corp. (TSXV: MJS) – $0.10
Gold
Majestic Gold Corp. (Majestic) is a Canada-based gold producer with mining operations in China. Its principal mining operation is the Songjiagou Gold Mine (Songjiagou), which is located in Muping County on the Jiaodong Peninsula, Shandong Province. The Songjiagou Mine has approximately three processing plants, with capacities of over 200 tons per day (tpd), 1,200 tpd and 6,000 tpd. The gold production from the Songjiagou Gold Mine is approximately 5,500 ounces.
- Market Cap: $84 million
- Total Revenue (LTM): $38 million
- 13-week Price PCT Change: +81.8%
- Total Debt to Total Equity (FY0): 44.6%
Giyani Gold Corp. (TSXV: WDG) – $0.49
Gold
Giyani Gold Corp. (Giyani) is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in South Africa and Canada. The Company’s segments include Canoe, South Africa Mining and Corporate. The Company’s projects include Hamlin-Deaty Creek Property, Coldstream Property and Kerrs Property. The Hamlin Deaty Creek Property is located in the Shebandowan Belt, approximately 110 kilometers west of Thunder Bay, Ontario. The Coldstream Property is located in Thunder Bay, Ontario.
- Market Cap: $33 million
- Total Revenue (LTM): $0
- 13-week Price PCT Change: 66.1%
- Total Debt to Total Equity (FY0): 0.0%
Aurvista Gold Corp. (TSXV: AVA) – $0.24
Gold
Aurvista Gold Corporation is a Canada-based exploration company. Its asset is the Douay Gold Project (Douay), which has interest in approximately 250 contiguous claims totaling over 13,310 hectares; approximately 90% interest in over five contiguous claims totaling over 20 hectares, and approximately 75% interest in over 30 contiguous claims totaling approximately 1,190 hectares in over 290 claims totaling over 14,530 hectares located along a 20-kilometer segment of the Casa Berardi Deformation Zone in the prolific Abitibi Greenstone Belt of northern Quebec.
- Market Cap: $31 million
- Total Revenue (LTM): $0
- 13-week Price PCT Change: 42.4%
- Total Debt to Total Equity (FY0): 0.0%
Rupert Resources Ltd. (TSXV: RUP) – $1.00
Gold
Rupert Resources Ltd. is a gold exploration and development company that is engaged in the acquisition and exploration of mineral properties in Canada. The Company’s exploration and evaluation assets include Pahtavaara gold mine, Gold Centre Property and Surf Inlet Property. The Pahtavaara Mine is located in the Central Lapland Greenstone Belt in Northern Finland. The Company holds interest in a 20-year mining lease consisting of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario, subject to approximately 1.5% net smelter returns royalty (NSR).
- Market Cap: $96 million
- Total Revenue (LTM): $0
- 13-week Price PCT Change: 37.0%
- Total Debt to Total Equity (FY0): 0.0%
Columbus Gold Corp. (TSX: CGT) – $0.87
Gold
Columbus Gold Corp. is a Canada-based exploration-stage mineral resources company. It holds an interest in the Paul Isnard Gold Project, which consists of approximately eight mining permits located in French Guiana. Its Eastside Gold Project is located approximately 30 kilometers west of Tonopah, Nevada. Its Bolo property is located approximately 60 kilometers northeast of Tonopah, Nevada. In addition, the Company has interests in various projects, including Big Lime, Chert Cliff, Four Metals, Hugh’s Canyon, Monitor Hills, North Brown, Overland Pass, Red Hills, White Canyon, White Horse Flats and White Horse Flats North, located in Nevada and the United States.
- Market Cap: $124 million
- Total Revenue (LTM): $0
- 13-week Price PCT Change: 31.8%
- Total Debt to Total Equity (FY0): 0.0%
