The small Canadian stocks we’ve uncovered have seen a large stock-price uptick combined with high average trading volume
SmallCapPower | August 24, 2018: Today we have identified five small Canadian stocks in terms of market cap that have experienced a big surge in its stock price coupled with high trading volumes during the past month. These companies offer investors a potential momentum play. The five Canada-listed companies identified have seen an average monthly return of 210% and average trading volume of 1.1 million shares per day.
Eastwood Bio-Medical Canada Inc. (TSXV:EBM) – $2.50
Pharmaceuticals
Eastwood Bio-Medical Canada is a Canadian company focused on marketing and distributing natural health products across North America. The Company is a licensed distributor of the Eleotin® line of natural formulations. On August 9, 2018, the Company announced that Health Canada had approved nine new products as Natural Health Products (NHPs). An NHP designation indicates to consumers that Health Canada has deemed the product as safe, effective, and of high quality. One of the newly-launched products, Eleotin® Neuro Formula, is designed to increase the cognitive functions of individuals with Alzheimer’s/dementia.
- Market Cap: $172 Million
- 1 Month Total Return: 597.0%
- Avg Volume last 30 days: 174,999
Golden Ridge Resources Ltd. (TSXV:GLDN) – $0.41
Gold
Golden Ridge Resources is involved in the exploration of gold and silver in British Columbia’s Golden Triangle district. In 2017, the Company executed explorative drilling of the Hank Property that yielded high-grade intercepts of 6.26 g/t Au over 21.62 meters and 19.74 g/t Au over 4.13 meters. Moving forward, the Company has committed to drilling over 6,000 meters on high-yield targets of the Hank Project including a winter drilling program on the Royalle property.
- Market Cap: $29.9 Million
- 1 Month Total Return: 183.9%
- Avg Volume last 30 days: 1,963,564
Great Bear Resources Ltd. (TSXV:GBR) – $1.54
Specialty Mining & Metals
Great Bear Resources is focused on exploration of gold and other precious metals within Ontario. Great Bear controls 13,000 hectares of the Red Lake District across two properties. On August 22, 2018, the Company announced high-grade intercepts at two locations within the Dixie Project including 26.91 g/t Au over 16.35 meters and 44.47 g/t Au over 7.00 meters.
- Market Cap: $37.0 Million
- 1 Month Total Return: 103.4%
- Avg Volume last 30 days: 137,216
Newstrike Brands Ltd. (TSXV: HIP) – $0.69
Cannabis
Newstrike Resources is a Canada-based company, growing 2,500 kg of cannabis annually in 7,600 square feet of growing space. The Company’s Brantford facility is designed to simulate natural conditions of sunlight, temperature, humidity and wind. The Company is currently retrofitting an existing greenhouse to increase capacity to 25,000 kg/year by 2019. On August 21, 2018, the Company announced that its wholly-owned subsidiary, Up Cannabis, was added to the list of official suppliers for the Ontario Cannabis Store (OSC). Note that upon legalization, the OSC is expected to be the sole online retailer of cannabis in Ontario. The agreement positions Newstrike well for sales in the recreational cannabis market.
- Market Cap: $382.4 Million
- 1 Month Total Return: 92.5%
- Avg Volume last 30 days: 2,076,944
Largo Resources Ltd. (TSX:LGO) – $2.83
Vanadium
Largo Resources is a Canada-based pure vanadium producer operating its Macaras Menchen Mine in Bahia, Brazil. The Macaras Menchen mine is an open-pit mine that began production in August 2014, hosting 19.0Mt grading 1.1% V2O5. The mine is guided to produce 8,950 – 9,950t of V2O5, in both high purity flakes/powder and regular flakes. On August 13, 2018, Largo announced record revenue for Q2 as the Company earned $103.3M, an increase of 189% over Q2/2017 and 13% increase over Q1/2018.
- Market Cap: $1,477.9 Million
- 1 Month Total Return: 68.5%
- Avg Volume last 30 days: 1,372,464
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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