The junior gold stocks we’ve dug up have had a greater than 30% share price increase over the past month on higher than average volume
SmallCapPower | January 17, 2019: With the recent volatility in global markets, gold mining stocks have seen some positive price momentum. Today, we have spotted four junior gold stocks that have seen 30% or more price movements over the past month, on higher than average volume. Price and volume momentum indicate bullishness, as increased share prices on higher volumes show heightened investor interest in a stock.
*Share prices as at close January 15, 2019, data obtained from S&P Capital IQ
Ximen Mining Corp. (TSXV:XIM) -$0.50
Gold Exploration
Ximen Mining is a gold explorer with a 100% interest in the Treasure Mountain, Dentonia South, and the Bouleau properties, all located in British Columbia. Ximen is also exploring two gold projects, The Gold Drop Project and The Brett Epithermal Gold Project. On January 14, 2019, Ximen announced drill results from the Gold Drop project, which returned 129.1 g/t Au and 1,154.9 g/t Ag over 7.28 metres. For reference, on December 6, 2018, the Company announced it had arranged $540K in financing, through a private placement of 1.8M shares, at a share price of $0.30.
1-Month Total Return: +78.6%
- 5-Day Total Return: +35.0%
- 30-day Average Volume: 197,000
- 1-year Average Volume: 95,000
- Market Cap: $14.3 million
First Mining Gold Corp. (TSX:FF) -$0.35
Gold Exploration
First Mining Gold develops and explores for gold, copper, and iron projects in North America. The Company’s portfolio consists of 25 projects covering an area of ~300,000 hectares located in eastern Canada, Mexico, and the U.S. In September 2018, the Company announced drill result of 5.34 g/t Au over 21.5 metres at their Goldlund property located in northwestern Ontario. On December 20, 2018, First Mining announced the appointment of a new CEO, Daniel Wilton, effective as of January 7. Mr. Wilton has over 25 years experience in M&A, corporate finance, & investing in the mining sector, and was recently managing partner at Pacific Road Capital Management.
1-Month Total Return: +52.2%
- 5-Day Total Return: -7.9%
- 30-day Average Volume: 1,454,000
- 1-year Average Volume: 607,000
- Market Cap: $195.3 million
Barkerville Gold Mines Ltd. (TSXV:BGM) – $0.46
Gold Exploration
Barkerville Gold Mines is a gold explorer focused on the development of the Cariboo Mining District. It controls approximately 195,000 hectares of mineral tenures and Crown-Granted mineral claims, as well as a block of contiguous mineral tenures package centered around the Town of Wells, located to the east of Quesnel, BC. On January 10, 2019, Barkerville Gold announced drilling results of over 50 holes, highlighted by 9.85 g/t Au over 10.4m, and 8.96 g/t Au over 8.6m.
1-Month Total Return: +48.4%
- 5-Day Total Return: +9.8%
- 30-day Average Volume: 379,000
- 1-year Average Volume: 252,000
- Market Cap: $233.0 million
Gabriel Resources Ltd. (TSXV:GBU) – $0.40
Gold Exploration
Gabriel Resources explores and develops precious metals mining properties in Romania. The Company primarily holds an interest in the Rosia Montana gold and silver project covering an area of approximately 2,388 hectares located in west-central Romania. On January 15, the Company announced final closing of its US$20M private placement, for 106.4M units at $0.2475 per unit.
1-Month Total Return: +33.3%
- 5-Day Total Return: +11.1%
- 30-day Average Volume: 56,000
- 1-year Average Volume: 31,000
- Market Cap: $186.1 million
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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