The Canadian junior resource stocks we’ve dug up have gained, on average, 306% since the beginning of 2019
SmallCapPower | December 20, 2019: Over the past year there has been some volatility in global markets, fueled by U.S./China trade tensions, Brexit, and the U.S. Federal Reserve starting up their Quantitative Easing program again, which has resulted in some junior resource stocks seeing positive price momentum. Today we have discovered four Canadian junior resource stocks, with market caps above $10M, that have seen the best stock price returns year to date.
*Share price data as at December 17, 2019, data obtained from S&P Capital IQ
Wallbridge Mining Company Limited (TSX:WM) – $0.84
Junior Mining
Wallbridge Mining is a Canada-based company engaged in the exploration, development, and production of gold, copper, nickel and platinum group metal (PGM) mineral deposits. Wallbridge’s main development assets include the Fenelon Gold Property, located in northwestern Quebec. The area is close to the Sunday Lake Deformation Zone (SDLZ), which hosts the major mines from Detour Gold and Balmoral Resources. The Company also continues partner-funded exploration on its portfolio of nickel, copper, and PGM projects in Sudbury, Ontario, as well as holding an interest in Carube Copper Corp, a junior resource company focused on the exploration and development of copper and gold projects in Jamaica. On October 21, 2019, Wallbridge announced its 2019 drill results for the Tabasco zone at the Fenelon Gold Property. Of note, is drill hole FA-19-086, which returned 27.00 g/t Au over 38.39m in the Tabasco zone at a vertical depth of 500m. The positive results led to rally in the Company’s share price.
- Market Cap: $483.5M
- 90-Day Return: +144.8%
- YTD-Return: +418.8%
- 90-Day Average Trading Volume: 1,646,730
Mineral Mountain Resources Ltd. (TSXV:MMV) – $0.43
Junior Mining
Mineral Mountain Resources is a gold-exploration company, which is currently also developing its wholly-owned Rochford Gold Project situated in the Homestake Gold Belt in the Black Hills of South Dakota. The Rochford Project covers approximately 7,500 acres and straddles three major trends of structurally thickened auriferous iron formation that host ledge-type gold mineralization. On December 12, 2019, Mineral Mountain announced a $1.5M equity raise, with proceeds expected to be used for on-going directional drilling on the Standby Mine property and for general corporate and working capital purposes.
- Market Cap: $39.1M
- 90-Day Return: +138.9%
- YTD-Return: +330.0%
- 90-Day Average Trading Volume: 200,840
Royal Road Minerals Limited (TSXV:RYR) – $0.26
Junior Mining
Royal Road Minerals is a junior resource company engaged in the exploration and development of gold and copper properties in Colombia, Nicaragua, and Peru. RYR holds interests in the Los Andes project located in Boaco province of Nicaragua; and the Piedra Iman property located in Chinandega Province of northwestern Nicaragua. In addition, the Company holds various mining concession agreements; and has rights to acquire mining concessions over approximately 215,000 hectares of land in prospective mineral belts in the Nariño, Cauca, Antioquia, Caldas, and Risaralda departments of Colombia. Royal Road received a $1.5M investment from Barrick Gold in 2018. On September 4, 2019, Royal Road reported results from the recently-completed, 17-hole scout diamond drilling program at its Luna Roja gold project in Nicaragua, which included 49 metres of 2.8 g/t gold.
- Market Cap: $59.7M
- 90-Day Return: +27.5%
- YTD-Return: +257.1%
- 90-Day Average Trading Volume: 128,180
Lion One Metals Limited (TSXV:LIO) – $1.32
Junior Mining
Lion One Metals is a junior resource exploration company with interest in the Olary Creek iron project in South Australia, and over two exploration properties covering over 27,490 hectares within two special prospecting licenses on the island of Vanua Levu in Fiji. The Company’s flagship location is the Tuvatu Gold Project located near Nadi on the island of Viti Levu, Fiji. The Fijian Islands are located along the Pacific Island Arc, which hosts various mineral epithermal gold deposits systems, such as the Lihir, Porgera, Ok Tedi, and Wafi-Gold gold deposits in Papua New Guinea. The Olary Creek Project is located in South Australia over 70 kilometers (km) southwest of Broken Hill, New South Wales, and over 40 km south of the Barrier Highway. On November 8, 2019, Lion One announced that specks of visible gold up to 2 mm across were observed in one of its drill core at Tuvatu, which Lion One suggests could mean the mineralizing system is evolving with depth at Tuvatu, a possible indication of further high-grade mineralization below.
- Market Cap: $155.2M
- 90-Day Return: +78.9%
- YTD-Return: +216.0%
- 90-Day Average Trading Volume: 111,570
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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