The junior silver stocks we’ve dug up have seen their stock price surge recently as investor interest builds
SmallCapPower | July 23, 2019: Gold and silver prices have a high correlation, with silver prices generally moving an amplified amount relative to gold prices. During the past three months, gold is up 12% while silver is up 11%. While a lot of attention has been directed towards gold as it hit US$1,446/oz on July 18, its highest point in more than five years, the silver price has also been on the rise of late, hitting $16.39 per ounce on July 22, its highest point in about a year. Today we have discovered four junior silver stocks with sharply rising share prices on the basis of both year to date and 90-day returns.
*Share prices as at close Friday, July 19, 2019, data obtained from S&P Capital IQ
Levon Resources Ltd. (TSX:LVN) – $0.22
Silver
Levon Resources is focused on silver assets in Mexico. The Company’s main project is its Cordero property, located in the State of Chihuahua in North Central Mexico approximately 180 kilometers south of the city of Chihuahua. The Cordero Project consists of approximately 37,000 hectares of mining claims covering the Cordero district.
- Market Cap: $25.1M
- 90 Day Return: 145.5%
- YTD Return: 86.2%
- 90 Day Average Trading Volume: 142,000
Silver One Resources Inc. (TSXV:SVE) – $0.30
Silver
Silver One is a silver-focused exploration and development company. The Company has acquired a 100% interest in three assets from First Mining Finance. Through this transaction, First Mining owns 7.2% of the issued and outstanding shares of Silver One. Silver One has also acquired a 100% interest in the Candelaria Mine project through an option agreement with Silver Standard Resources Inc. This project lies within the Candelaria Mining District, which is historically the richest silver mining district in Nevada. On July 3, Silver One announced a private placement for $2.5M at $0.125 per unit. And, on July 8, SVE announced that it has increased the private placement from $2.5M to $5M.
- Market Cap: $44.3M
- 90 Day Return: 109.7%
- YTD Return: 97%
- 90 Day Average Trading Volume: 155,000
Defiance Silver Corp. (TSXV:DEF) – $0.29
Silver
Defiance Silver Corporation is a silver explorer and developer of the San Acacio Deposit, located in the historic Zacatecas Silver District of central Mexico that has produced over 700M ounces of silver. On June 25, Defiance announced that it has appointed Mr. Chris Wright to fill the role of CEO on an interim basis while it conducts a search for a permanent candidate.
- Market Cap: $38.3M
- 90 Day Return: 36.6%
- YTD Return: 14.3%
- 90 Day Average Trading Volume: 147,000
Avino Silver & Gold Mines Ltd. (TSX:ASM) – $0.91
Silver & Gold
Avino Silver & Gold Mines operates two silver mines in Mexico and has a gold project currently under development in British Columbia, Canada. It extracts resources and processes a bulk concentrate at the San Gonzalo Mine and a copper concentrate from the Avino Mine, both of which are located on the Avino property in Durango, Mexico. The Avino property consists of approximately 20 mineral concessions, totaling over 1,000 hectares.
- Market Cap: $59.5M
- 90 Day Return: 31.9%
- YTD Return: 8.3%
- 90 Day Average Trading Volume: 33,000
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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