- The prices of commodities are surging to multi-year highs, owing to robust vaccination programs and strong economic recovery.
- Many resource space players are cashing in on commodities rally.
The resources sector is making a splash, registering strong traction amid the ongoing commodities rally. The prices of commodities are surging to levels not seen for years, on the back of strong demand for commodities after ease in global lockdowns and increased industrial activities.
Better-than-expected economic recovery reading from the US and China coupled with a rapid vaccination program has soared the demand for commodities.
Source: © Bradcalkins | Megapixl.com
Given that backdrop, let us look at three ASX-listed resources stocks which have delivered a return of more than 150% in the last three months.
Venturex Resources Limited
Rapidly growing base metal mining company, Venturex Resources Limited (ASX: VXR) is focused on sustainable growth and creating shareholder value. The company holds the flagship Copper Zinc Sulphur Springs Project in the Pilbara region of Western Australia.
The project hosts a total mineral resource comprising 17.4 million tonnes grading 4.2% Zn, 1.3% Cu, and 17g/t Ag. A definitive feasibility study has highlighted Sulphur Springs as an economically robust project.
The company plans to finalise deep Down-Hole Electromagnetic and Down-Hole Magnetometric Resistivity surveys at the conclusion of the Pilbara wet season. In its quarterly update in April, VXR unveiled its focus on finalising plans for in-fill drilling at the main Sulphur Springs Resource.
As of 14 May 2021, VXR stock delivered an astonishing return of 1163.64% in the past 52 weeks. The stock was trading at AUD 0.705 on 17 May (AEST 11:38 AM).
Rumble Resources Limited
Source: © Helderpc | Megapixl.com
Rumble Resources Limited (ASX: RTR) is an ASX-listed exploration company, focused on making world-class discoveries under the guidance of an experience-rich team.
The company has made several discoveries in Western Australia. The explorer has a strong pipeline of exciting projects including Western Queen, Waroo, Munarra Gully, Fraser Range, Earaheedy, Lamil, and Braeside.
The stock has delivered a return of 892.31% in the last one year. RTR stock was trading at AUD 0.645 on 17 May (AEST 11:43 AM).
Interesting Read: Why Are These 2 Material Stocks Getting Investors’ Attention?
Caravel Minerals Limited
Caravel Minerals Limited (ASX: CVV) is a copper-focused exploration and development company with operations in Australia. The miner recently appointed technical advisors to complete the Caravel Copper Project Pre-Feasibility Study. Additionally, the company has reported high-grade drilling results at the project.
The company has also received firm commitments to raise A$7.5 million, through a share placement. The proceeds are planned to be used for additional infill and extensional drilling on the Caravel Copper project.
The stock of CVV has delivered a 1340% return in the last one year. The stock was trading at AUD 0.370 on 17 May (AEST 11:45 AM).