The Canadian nickel stocks on our list have seen much investor interest of late due to the expected increase in demand for nickel for use in batteries
SmallCapPower | November 3, 2017: With nickel prices trading at a two-year high, we have identified some Canadian nickel stocks that have benefitted from this trend. The stocks on our list comprise junior exploration companies as well as producers. The group is led by Garibaldi Resources, up ~3000% YTD.
Garibaldi Resources Corp. (TSXV:GGI) – $4.35
Diversified Mining
Garibaldi Resources Corp is a Vancouver-based junior exploration company focused on the development of its assets in Canada and Mexico. The Company has five properties in the exploration and drilling stage in Mexico and another six in western Canada. Garibaldi’s flagship project is the E&L project in British Columbia’s Golden Triangle district. Drilling results have indicated broad sections of nickel, which has been followed by a rally in the stock, returning 197% over the past couple of months.
- Market Cap: $418 Million
- YTD Total Return: 3,007%
- Avg Volume (last 30 days): 890,900
Sama Resources Inc. (TSXV:SME) – $0.35
Specialty Mining & Metals
Based in Vancouver, Sama Resources is a junior exploration company focused on the development of its Samapleu project in Ivory Coast. The Samapleu project is a Joint Venture between the Company, the Ivory Coast Government and its state-owned mining company SODEMI. The project is a Nickel-Copper-Palladium project that encompasses approximately 446 square kilometers.
- Market Cap: $48 Million
- YTD Total Return: 288%
- Avg Volume (last 30 days): 540,400
Sherritt International Corp. (TSX:S) – $1.35
Specialty Mining and Metals
Sherritt International Corp is a Canada-based producer of nickel and cobalt with operations in Canada, Cuba, and Madagascar. The Company is one of the world’s largest nickel producers with a production capacity of ~80,000 tonnes of nickel annually. The Company’s 40% owned Ambatovy Joint Venture project in Madagascar is engaged in the mining processing and refining of nickel and cobalt. Sherritt’s operations in Cuba include the 50% owned Moa Joint Venture, which is also a nickel and cobalt operation.
- Market Cap: $398 Million
- YTD Total Return: 6%
- Avg Volume (last 30 days): 857,60
Nautilus Minerals Inc. (TSX:NUS) – $0.20
Diversified Mining
Nautilus Minerals focuses on the exploration of mineral resources on the sea floor. The Company aims to leverage technology developed by offshore the oil and gas industry to extract high-grade deposits from the sea floor. Currently, the Company explores in the territorial waters of Papua New Guinea, Fiji, the Solomon Islands, Vanuatu and New Zealand.
- Market Cap: $137 Million
- YTD Total Return: 34.5%
- Avg Volume (last 30 days): 55,000
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.
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