The junior gold stocks on our list have seen the biggest jump in price and volume over the past month
SmallCapPower | October 17, 2017: Today we have identified four junior gold stocks that have risen 30% on average since the beginning of October. The stocks on our list have outperformed the VanEck Vectors Junior Gold Miners ETF (GDXJ) by 28.5%, as the benchmark index increased 1.5% over the same period.
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Corvus Gold Inc. (TSX:KOR) – $1.24
Gold
Corvus Gold Inc. is a Canadian based gold exploration company with operations in Nevada. The Company currently focuses on developing its Mother Lode and North Bullfrog projects. The Mother Lode project comprises 5.2 square kilometers of land, 150 kilometers northwest of Las Vegas, Nevada. The Company plans to continue drilling at Mother Lode, to prepare a NI 43-101 resource estimate. The North Bullfrog project covers an area of 75 square kilometers, 10 kilometers north of Beatty, Nevada. The Company also own a number of non-core royalty assets across North America.
- Market Cap: $123 million
- MTD Price PCT Change: 49.4%
- Average Daily Volume – 3 Months: 91,000
- Average Daily Volume – 30 Days: 127,000
Sirios Resources Inc. (TSXV:SOI) – $0.38
Gold
Sirios Resources Inc. is a Canada-based exploration company with operations in Quebec. The Company’s three major assets are Chechoo, Aquilon and Pontax. The Company’s flagship project is Chechoo, which covers ~75 square kilometers of land adjacent to Goldcorp’s Eleonore mine. The Company’s second asset, Aquilon comprises 52 square kilometers, and is located 10 kilometers south of the LA-1 hydro-electrical complex in James Bay region, Quebec. Lastly, the Pontax property is located in James Bay, Quebec, approximately 350 kilometers north of Matagami. The property covers 250 square kilometers of land.
- Market Cap: $51 Million
- MTD Price PCT Change: 26.7%
- Average Daily Volume – 3 Months: 110,000
- Average Daily Volume – 30 Days: 139,000
BonTerra Resources Inc. (TSXV:BTR) – $0.50
Gold
BonTerra Resources is a Canada-based exploration company with operations in Ontario and Quebec. The Company’s Gladiator Project comprises 10,541 hectares of the Urban Barry Greenstone Belt within the Abitibi Sub province, close to Osisko Mining’s Windfall project. The project is located 170 kilometers northeast of Val-d’Or, Quebec. BonTerra’s second major asset, the Larder Lake project, is a 2,165-hectare property located near Virginiatown, Ontario. The Company plans to continue drilling at the property to update the resource to a current NI 43-101 Compliant Resource.
- Market Cap: $81 Million
- MTD Price PCT Change: 23.5%
- Average Daily Volume – 3 Months: 248,000
- Average Daily Volume – 30 Days: 325,000
Novo Resources Corp. (TSXV:NVO) – $7.65
Gold
Novo Resources Corp. is a Canada-based company focused in Australia. The Company’s assets in Australia cover approximately 12,000 square kilometers. Novo’s Pilbara Paleoplacer project comprises approximately 1,800 square kilometers (includes the Beatons Creek and Marble Bar paleoplacer gold projects). The Company plans to develop its Beatons Creek property, which covers 560 square kilometers. As of September 2017, Kirkland Lake Gold Ltd. owns 25.53% (diluted) of the Company.
- Market Cap: $1,115 Million
- MTD Price PCT Change: 20.9%
- Average Daily Volume – 3 Months; 957,000
- Average Daily Volume – 30 Days: 976,000
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
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