The junior resource stocks on our list have seen the largest percentage jump in price and volume over the past month
SmallCapPower | November 4, 2019: Commodities such as gold, silver, and copper have been performing well, as Hong Kong officially enters recession with protests going for almost eight months, the Chinese announcing that a long-term U.S. trade deal is unlikely, and the flattening yield curve driving investors into defensive assets. Gold, silver, and copper companies have been prospering from these increased commodity prices, with larger players receiving most of the attention. Today we have drilled down and discovered four Canada-listed junior resource stocks that have experienced increased price and volume momentum. Price and volume momentum are a good indicator of bullishness, as increased share prices on larger volumes show heightened investor interest in a stock.
*Share price data as at October 30, 2019, data obtained from S&P Capital IQ
Sitka Gold Corp. (CSE:SIG) – $0.13
Sitka Gold is a junior gold and copper explorer focused on four properties -two in the U.S., Alpha Gold in Nevada and Burro Creek Gold in Arizona; and two in Canada, RC Gold in Yukon and the Coppermine River project in Nunavut. SIG is currently focused on expanding the existing historical mineral resource at Burro Creek and drill testing its Carlin-type gold target at Alpha Gold in Nevada, the world’s second-most prolific gold producing region with 84M oz/Au produced from the Carlin Trend. On October 31, 2019, Sitka announced that it had closed a $1.1M private placement to be used to conduct drill programs at the Company’s Burro Creek Gold property in Arizona and its Alpha Gold property in Nevada and for general working capital.
- Market Cap: $3.7M
- 5-Day Return: +34.8%
- 30-Day Return: +29.2%
- 5-Day Average Trading Volume: 115,900
- 30-Day Average Trading Volume: 60,110
Auryn Resources Inc. (TSX:AUG) – $1.98
Gold and Copper
Auryn Resources is a Canada-based junior exploration company. The Company is focused on the acquisition, exploration and development of mineral resource properties in Canada and South America. The Company holds an interest in the Committee Bay Project in Nunavut, Canada and the rights to approximately two gold properties in the Tacna province of southern Peru: the Huilacollo, Sombero, and Curibaya properties. On October 15, 2019, the Company announced drill results from its Sombero property, citing samples of up to 31.6 g/t Au, 35.2 g/t Ag, and 5.25% Cu in the Ferrobamba limestone.
- Market Cap: $180.8M
- 5-Day Return: +25.0%
- 30-Day Return: +12.4%
- 5-Day Average Trading Volume: 362,990
- 30-Day Average Trading Volume: 154,930
Copper Mountain Mining Corporation (TSX:CMMC) – $0.72
Copper Mountain Mining explores copper, gold, and silver deposits. The Company’s flagship asset is its 75% owned Copper Mountain Mine located in southern British Columbia. The mine produces 100 million pounds of copper equivalent per year. Copper Mountain Mining has permitted the development-stage Eva Copper Project in Queensland, Australia, and a 397,000 hectare prospective land package in Mount Isa. On August 1, 2019, CMMC announced production of 22.1M pounds of Cu equivalent and EPS of $0.01 on revenue of $65.1M. On October 15, 2019, Copper Mountain Mining announced an increase in the Measured and Indicated Resource by 836M pounds of Cu for its Blackard Deposit.
- Market Cap: $128.2M
- 5-Day Return: +7.2%
- 30-Day Return: 0.0%
- 5-Day Average Trading Volume: 271,830
- 30-Day Average Trading Volume: 273,820
Sirios Resources Inc. (TSXV:SOI) – $0.20
Gold and Silver
Sirios Resources 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: $33.5M
- 5-Day Return: +24.2%
- 30-Day Return: +17.1%
- 5-Day Average Trading Volume: 154,900
- 30-Day Average Trading Volume: 154,910
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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