The Canadian cobalt stocks on our list have had strong price and volume momentum in recent weeks
SmallCapPower | November 23, 2017: Cobalt companies have attracted significant investor interest over the past couple of months, as LME cobalt prices have jumped ~72% during 2017, driven by the demand for battery metals. The cobalt stocks on our list today are all juniors that have ramped up activity over the past month.
Watch: We Have Some of the Best Geologists in the Cobalt Camp, Says Castle Silver Resources (TSXV: CSR) CEO
Quantum Cobalt Corp. (CSE:QBOT) – $1.28
Diversified Mining
Quantum Cobalt is an exploration-stage company with land assets in the district of Cobalt, Ontario. The Company’s recently-acquired Rabbit Cobalt property is located 14 kilometers southeast of the town of Temagami, Ontario, and comprises 1,040 hectares. Quantum also owns the Kahuna Cobalt Property, which is located alongside the Rabbit Property. In September, the Company closed a $3M private placement and announced plans to mobilize field crews to its Rabbit and Kahuna properties for a first pass exploration on the property.
- Market Cap: $35 Million
- Month over Month Return: 85.5%
- Average Daily Volume – 30 Days: 192,600
- Average Daily Volume – 90 Days: 171,500
Bankers Cobalt Corp. (TSXV:BANC) – $0.60
Specialty Mining & Metals
Bankers Cobalt is an exploration-stage company focused on the development of Cobalt and copper properties in the Democratic Republic of Congo. The Company owns 14 concessions covering 210 square kilometers. The Company’s Kabolela Project is a 55% owned property that comprises 3.6 square kilometers, where the Company has initiated a drill program. Kankutu also has a 65% share in the Kankutu property, which comprises 10.3 square kilometers in the DRC. Bankers has plans for sampling pitting and geophysics to be run on the Kankutu property.
- Market Cap: $44 Million
- Month over Month Return: 41.2%
- Average Daily Volume – 30 Days: 159,000
- Average Daily Volume – 90 Days: 66,700
First Cobalt Corp. (TSXV:FCC) – $0.93
Specialty Mining & Metals
First Cobalt is a Canada-based exploration stage company, with significant land assets in Ontario. On November 22, the Company announced shareholder approval for a merger with Cobalt Tech, after having previously announced a merger with Cobalt One Ltd on November 20. Together, the three companies will hold 10,000 hectares of prospective land in the Canadian Cobalt Camp, which has been home to over 50 past producers. In addition, the Company has access to a fully-permitted refinery and mill, fast tracking future production.
- Market Cap: $55 Million
- Month over Month Return: 30%
- Average Daily Volume – 30 Days: 292,300
- Average Daily Volume – 90 Days: 359,200
Cobalt 27 Capital Corp. (TSXV:KBLT) – $9.61
Specialty Mining & Metals
Cobalt 27 Capital is a Canada-based minerals company that generates returns through the acquisition of physical cobalt, royalty streams and interests in mineral properties containing cobalt. Currently, the Company has seven royalty properties and has possession of 2160 mt of physical cobalt, which at US$30.7/lb is valued at ~$187 million.
- Market Cap: $238 Million
- Month over Month Return: 2.1%
- Average Daily Volume – 30 Days: 29,100
- Average Daily Volume – 90 Days: 30,700
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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