The junior resource stocks we’ve dug up have seen some solid stock-price gains during the past month
SmallCapPower| March 29, 2019: The gold price appears to be in a bullish trend during the first few months of 2019. From January to March, the price of gold increased to ~US$1320/oz from ~US$1,280/oz. Silver has followed a similar pattern. With increased tensions between the U.S. and China, the dovish stance the Federal Reserve has taken by maintaining the current interest rate, and the complications of Brexit, gold acts as a defensive asset. As such, gold and silver mining stocks are highly leveraged to the price of gold and silver. The price and volume momentum of the junior resource stocks we’ve discovered today show an increase in investor interest.
*Share prices as at March 27, 2019, data obtained from S&P Capital IQ
Endeavour Silver Corp. (TSX:EDR) – $3.62
Metals & Mining
Endeavour Silver is a precious metals mining company that focuses its operations on its three silver-gold mines in Mexico. The Company is currently commissioning its fourth mine and looking to advance a fifth mine, working towards its goal of becoming a premium senior silver producer. On February 25, the Company announced Q4/18 financial results, reporting a net loss of $12.4M from the year prior as a result of lower metal prices, offset by higher production.
- Market Cap: $446 Million
- 7-Day Total Return: +0.3%
- 30-Day Total Return: +8.1%
- 30-Day Average Volume: 326,000
- 90-Day Average Volume: 225,000
Great Panther Mining Limited (TSX:GPR) – $1.35
Metals & Mining
Great Panther Mining is a precious metals mining and exploration company. Great Panther operates three mines including its Tucano Gold Mine in Brazil and its two silver mines in Mexico. On February 28, 2019, the Company released its Q4/18 financial results, reporting a revenue of $59.4M, a 6.8% decrease from FY17. On March 5, the Company announced it has completed the acquisition of Beadell Resources Limited.
- Market Cap: $369.3 Million
- 7-Day Total Return: -2.2%
- 30-Day Total Return: +12.5%
- 30-Day Average Volume: 224,000
- 90-Day Average Volume: 171,000
Wallbridge Mining Company Limited (TSX:WM) – $0.335
Metals & Mining
Wallbridge Mining Company engages in the acquisition and production of metals. The Company is currently developing its 100% owned Fenelon Gold property in Quebec, Canada with a 35,000-tonne bulk sample and ongoing exploration. The Company also holds interests in copper, nickel, and platinum projects in Ontario, and gold & copper projects in Jamaica and British Columbia. On March 25, the Company announced that its first hole of its surface drill program intersected multiple visible gold bearing shear zones. Through this, Wallbridge has announced that its Area 51 discovery has a significant size target, increasing the potential of its Fenelon property.
- Market Cap: $130.8 Million
- 7-Day Total Return: +19.6%
- 30-Day Total Return: +19.6%
- 30-Day Average Volume: 1,615,000
- 90-Day Average Volume: 1,212,000
West Red Lake Gold Mines Inc. (CSE:RLG) – $0.10
Metals & Mining
West Red Lake Gold Mines is a Toronto-based company focused on gold exploration and development in the Red Lake Gold District of Northwestern Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced over 30 million ounces of gold from high-grade zones, including 18 million ounces from the nearby Red Lake Mine and Campbell Mine operated by Goldcorp (TSX:G). West Red Lake Gold Mines has assembled a 3100-hectare property that has a 12-kilometre strike length and three former-producing gold mines. On January 2, the Company announced it has completed a non-brokered private placement of $429,810.
- Market Cap: $13.0 Million
- 7-Day Total Return: 0.0%
- 30-Day Total Return: +33.3%
- 30-DayAverage Volume: 92,000
- 90-Day Average Volume: 122,000
To find out more about West Red Lake Gold Mines Inc., please visit the company’s Investor Hub.
Ubika Research/SmallCapPower has received compensation from West Red Lake Gold Mines 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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