4 Canadian Stocks with the Best Price, Volume Momentum

The Canadian stocks on our list have experienced an average monthly return of 274% whilst doubling their average daily trading volume

SmallCapPower | August 8, 2018: A strong surge in a stock’s price accompanied by a drastic increase in its trading volume can indicate a potential momentum play. This provides investors with a viable opportunity to take advantage of an existing market trend. Today we have identified four Canadian stocks that have shown an increase in monthly return as high as 740% while also doubling their average daily trading volume.

Sokoman Iron Corp. (TSXV:SIC) – $0.42

Sokoman Iron is a Canada-based junior mineral exploration company focused on developing mineral deposits in the province of Newfoundland and Labrador. Through its newly-acquired Moosehead Gold Project, Sokoman Iron has produced numerous high-grade gold (Au) intercepts. On July 24, 2018 results of an assay of the Moosehead Project confirmed high-grade gold intersections. Intersection from assays yielded 11.90 m @44.96 g/t Au and 6.42 m @8.18 g/t Au.

  • Market Cap: $25.9 Million
  • 1 Month Total Return: 740.0%
  • Average Daily Volume – 30 Days: 3,896,492
  • Average Daily Volume – 100 Days: 1,237,799

Chemesis International Inc. (CSE:CSI) – $0.88
Cannabis Cultivation

Chemesis International is a licensed producer and manufacturer of medical and recreational cannabis with facilities in California and Puerto Rico. The Company’s current operations include a 20,000 sq. ft. manufacturing facility in Cathedral City, California and a 120,000 sq. ft. cultivation and manufacturing facility in Puerto Rico. On July 26, 2018 Chemesis International announced a partnership with a California vendor that will provide 10,000 lbs/month of cannabis to state-wide dispensaries. Additionally, Chemesis International reached an agreement on July 31, 2018 to sell 100 litres/month of cannabis oil to the California market.

  • Market Cap: $27.0 Million
  • 1 Month Total Return: 166.7%
  • Average Daily Volume – 30 Days: 183,860
  • Average Daily Volume – 100 Days: 55,158

Claim Post Resources Inc. (TSXV:CPS) – $0.22
Construction Materials Oil and Gas Sector

Claim Post Resources is focused on supplying premium white silica sand proppant to oil and gas operations in the Western Canada Sedimentary Basin. The Company’s flagship project is located approximately 200 km North-East of Winnipeg, Manitoba. The Company controls 862 hectares of contiguous quarry sand leases. On August 3, 2018 CPS announced it had completed a non-brokered private placement of $13 million. The proceeds are earmarked to accelerate the development of the CPS’ silica sand deposit.

  • Market Cap: $70.1 Million
  • 1 Month Total Return: 131.6%
  • Average Daily Volume – 30 Days: 466,748
  • Average Daily Volume – 100 Days: 223,473

ZincX Resources Corp. (TSXV:ZNX) – $0.55
Specialty Mining & Metals

ZincX Resources is a Canada-based mineral exploration company that focuses on mining Zinc, Lead, and Silver within the enriched area of the Kechika Trough district of British Columbia. The Company operates two key projects: The Ankie Project and the Kechika Regional Project. The Ankie Project involves the exploration of the Cardiac Creek Deposit, which has historically had an average grade of 8.32% Zn, 1.61% Pb, and 14.1 g/t of Ag. The Kechika Regional Project explores the mining potential of the 505 km2 region of Kechika region, which has previously only been selectively drilled. On July 24, 2018, ZincX Resources announced a planned drilling program that will expand exploration of the Cardiac Creek deposit past their current limits.

  • Market Cap: $83.1 Million
  • 1 Month Total Return: 57.1%
  • Average Daily Volume – 30 Days: 503,942
  • Average Daily Volume – 100 Days: 237,800

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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