The junior gold stocks we’ve dug up have released promising exploration results, which propelled their stock prices by an average of 13.5%
SmallCapPower | December 6, 2018: A falling spot gold price in 2018 has caused significant pullback in gold equities, as shown by the 8.3% YTD decline in the S&P/TSX Global Gold Index ETF (TSX:XGD). Today, we have identified three junior gold stocks that have released encouraging exploration results within the past two weeks, increasing their stock prices by an average of 13.5%. Note: all metrics reflect closing prices as at December 4, 2018.
Aurania Resources Ltd. (TSXV:ARU) – $2.66
Aurania is a junior mining company focused on the exploration of precious metals and copper. The Company’s flagship asset is the Lost Cities – Cutucu Project located at the base of the Andes Mountains in southeastern Ecuador. On November 27, 2018, the Company reported the discovery of a gold elements typical of epithermal systems at the Tinchi target of the Cutucu project. Following this press release, Aurania’s stock price jumped 17.7% in a single trading session.
- Market Cap: $85.1 Million
- 1-Month Total Return: 4.7%
- 1-Year Total Return: 46.2%
- Average Daily Volume (3 Month Average): 10,000
Goliath Resources Ltd. (TSXV:GOT) – $0.09
Goliath Resources is a gold exploration company focused on four projects covering 44,003 hectares: Bingo, Copperhead, Golddigger and Lucky Strike, all located within the Golden Triangle. On December 4, 2018, the Company reported sample assay results located at the DSM Skyhigh Property. Results included 17.40 g/t gold & 72.7 g/t silver over one metre. The Skyhigh property is 100% owned by the DSM Syndicate, with Goliath Resources owning a 10% interest in DSM Syndicate. Following the results, Goliath’s share price jumped 11.1%.
- Market Cap: $8.1 Million
- 1-Month Total Return: -10.0%
- 1-Year Total Return: -25.0%
- Average Daily Volume (3 Month Average): 280,000
Benchmark Metals Inc. (TSXV:BNCH) – $0.19
Benchmark Metals is a mining company focused on exploring and developing its Lawyer’s Gold and Silver project, located in the prolific Golden Triangle of northern British Columbia. On November 30, 2018, the Company announced the results of its inaugural drilling program at the Lawyers Gold & Silver project. Initial results indicate the existence of new high-grade targets at the Phoenix Zone, including 6.15 g/t gold & 124.4 g/t silver over 4.36m, which drove its stock price 11.7% higher following the release.
- Market Cap: $7.8 Million
- 1-Month Total Return: -34.5%
- 1-Year Total Return: -77.9%
- Average Daily Volume (3 Month Average): 370,000
Ubika Research/SmallCapPower has received compensation from Goliath Resources Limited to provide analyst research coverage. For full disclosure please visit here >>
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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