A sharp rise in trading volume could be good news for investors, but only if the share price is rising also. That being said, the junior mining stocks on our list today have seen a significant increase in its trading volume (over the last 10 days in comparison to the last 90 days), even as the sector itself is suffering.
St Andrew Goldfields Ltd. (TSX: SAS) – $0.41
Gold
St Andrew Goldfields Ltd. is a Canada-based gold mining and exploration company with a land package in the Timmins mining district, northeastern Ontario, Canada, which lies within the Abitibi greenstone belt. The Company operates the Holt, Holloway and Hislop Mines, which produces 90,676 ounces of gold.
- Market Cap: $152,914,225
- Revenue (LTM): $140,131,000
- Operating Income (LTM): $20,173,000
- 10/90 Volume Increase: 276%
For more small-cap mining investing ideas please see the Ubika Mining 20 reports here >>
NGex Resources Inc. (TSX: NGQ) – $0.77
Diversified Mining
NGEx Resources Inc. (NGEx) is a Canada-based company, which is engaged in the acquisition, exploration and development of precious and base metal properties. The Company has a portfolio of exploration stage copper-gold projects in Chile, Argentina and Canada.
- Market Cap: $142,737,051
- Revenue (LTM): $0
- Operating Income (LTM): -$27,881,130
- 10/90 Volume Increase: 257%
Lucara Diamond Corp. (TSX: LUC) – $2.10
Non-Gold Precious Metals & Minerals
Lucara Diamond Corp. is a Canada-based diamond mining company that focuses its activities in Africa. The Company is engaged in the acquisition, exploration, development and operation of diamond properties. Its operating projects include Mothae Diamond Project, which is located in northeast Lesotho and has a mining license of approximately 20 square kimometers, and Karowe, which is a Plant Optimization Project with a mining license of approximately 15.3 square kilometers in Botswana. Mothae Diamond Project is a hard rock and an open pit.
- Market Cap: $808,937,294
- Revenue (LTM): $288,094,414
- Operating Income (LTM): $135,179,764
- 10/90 Volume Increase: 182%
Looking for more hidden gems? Get your free Ubika Mining 20 Monthly report.
The Ubika Mining 20 (UM20) index slipped 3.4% during the past month yet handily beat the 13.1% slump by the TSX Mining Index, UM20’s closest benchmark. The TSX Venture index, meanwhile, eased 1.3%. Lucara Diamond Corp. (TSX: LUC) was the top-performing component company this month, powering 27% higher after announcing the recovery of the second largest gem-quality diamond ever mined. Get your copy of the Ubika Mining 20 report here >>
Trevali Mining Corp. (TSX: TV) – $0.345
Diversified Mining
Trevali Mining Corporation is a Canada-based natural resource company that is engaged in the acquisition, exploration, development and production from mineral properties. The Company holds four properties in Canada and an interest in one property in Peru with an option on a second Peruvian property. Trevali Mining is producing zinc and lead-silver concentrates.
- Market Cap: $110,759,980
- Revenue (LTM): $105,784,000
- Operating Income (LTM): $3,377,000
- 10/90 Volume Increase: 172%
Golden Star Resources Ltd. (TSX: GSC) – $0.25
Gold
Golden Star Resources Ltd. (Golden Star) is a gold mining company that holds 90% interest in the Wassa, Prestea and Bogoso gold mines in Ghana. The Company is also engaged in the brownfield development projects at its Wassa and Prestea mines.
- Market Cap: $248,245,466
- Revenue (LTM): $355,002,304
- Operating Income (LTM): -$179,198,752
- 10/90 Volume Increase: 94%
Gold Reserve Inc. (TSX: GRZ) – $3.99
Gold
Gold Reserve Inc. is an exploration-stage company that is engaged in the business of acquiring, exploring and developing mining projects. The Company has no commercial production and has no revenue producing operations. It conducts its business primarily through its wholly owned subsidiaries, which include Gold Reserve Corporation, Gold Reserve de Barbados Ltd, Gold Reserve de Venezuela, Compania Aurifera Brisas del Cuyuni, GR El Choco Limited, GRI Minerales El Choco CA, Montoro Mining Ltd, Minera Gold Reserve, S.A. de C.V. and Compania Minera Unicornio CA.
- Market Cap: $285,685,389
- Revenue (LTM): $0
- Operating Income (LTM): -$20,221,699
- 10/90 Volume Increase: 72%
