Today we revisit three cobalt stock picks from last year at this time and check on their performances since
SmallCapPower | October 23, 2017: Last year, we identified three cobalt stock picks, amidst news of growing demand for lithium. Overall, the group increased 57% on average, with eCobalt Solutions leading the way, up 82%. Sherritt International Corp followed not too far behind, up 61%, and Altius Minerals returning 30% since August 16, 2016.
eCobalt Solutions Inc. (TSX:ECS) – $1.11
eCobaltSolutions is a cobalt exploration and development company that aims to bring its Idaho Cobalt Project into production. eCobalt’s100% owned project is a Cobalt-Copper-Gold project located outside the town of Salmon, Idaho, United States. eCobalt has obtained all the environmental permits necessary for the project, and expects the project to be an underground mine and mill operation.
- Market Cap: $145.1 Million
- Price at Last Report Date: $0.61
- Overall Return (since August 16, 2016): 82%
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’s 40% owned Ambatovy Joint Venture project in Madagascar is engaged in the mining processing and refining of nickel and cobalt from lateric core bodies. Sherritt’s operations in Cuba include the 50% owned Moa Joint Venture, which is also a nickel and cobalt operation. Furthermore, the Company sells its technology other nickel and cobalt projects across the world.
- Market Cap: $398.4 Million
- Price at Last Report Date: $0.84
- Overall Return (since August 16, 2016): 60.7%
Altius Minerals Corp (TSX:ALS) – $12.30
Altius Minerals is a Canada-based company that holds royalty streams from 15 operating mines. The revenues come from mines in Canada and Brazil, which produce cobalt, copper, nickel, zinc, iron ore, potash and coal. Altius also holds interest in several exploration-stage projects.
- Market Cap: $531.2 Million
- Price at Last Report Date: $9.49
- Overall Return (since August 16, 2016): 29.6%
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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