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Summary
- Abitibi Royalties is currently rallying among TSX and TSXV stocks with the largest three-month price gains.
- Solaris stocks skyrocketed about 266 per cent in the last five months.
- Stocks of Rupert Resources Ltd surged about 709 per cent year-to-date (YTD).
- Los Andes Copper scrips are up over 57 per cent this year.
The COVID-19 pandemic left stock markets around the world in a lurch. But since the meltdown in March, markets have registered some improvement following government initiatives, cost effective measures and the latest progress in COVID vaccination. While the S&P/TSX broad index is up by 1.96 cent year-to-date, the S&P/TSX Venture Composite Index grew over 33 per cent this year. A major portion of this growth is being driven by trending micro-cap stocks. Currently, stocks of mining companies Abitibi Royalties Inc (TSXV:RZZ), Solaris Resources Inc (TSXV:SLS), Rupert Resources Ltd (TSXV:RUP) and Los Andes Copper Ltd (TSXV:LA) are trending high on the TSXV Rising Stars, a list populated by the TMX Group.
Let’s take a closer look at the profiles of these emerging mining stocks.
Abitibi Royalties Inc (TSXV:RZZ)
Current Stock Price: C$ 25.5
Abitibi Royalties Inc focuses in the acquisition, exploration and evaluation of mineral properties and other mining projects. Publicly listed in 2011, the company is a subsidiary of Canadian mining enterprise Golden Valley Mines (TSXV:GZZ).
Abitibi Royalties is currently rallying among TSX and TSXV stocks with the largest three-month price gains. Its stocks are up about 40 per cent this year and climbed nearly 10 per cent in November.
The mining company reported total assets of C$ 73.7 million in the year ending 33 September 2020.
Its total revenues stood at C$ 0.32 million in the third quarter of 2020, down from C$ 0.94 million in Q3 2019. Its net income and comprehensive income for Q3 2020 amounted to C$ 5.61 million, up from C$ 3.8 million in Q3 2019.
YTD stock performance chart of Abitibi Royalties (Source: EODHD/Others/Thomson Reuters)
Solaris Resources Inc (TSXV:SLS)
Current Stock Price: C$ 5.49
Solaris Resources Inc is engaged in building a portfolio of copper and gold assets across North and South America. The company spun out of Equinox Gold Corp (TSX:EQX) in August 2018 and was originally founded as Solaris Copper Inc. It was renamed in 2019 and the following year, in January 20120, it joined the Augusta Group.
The mining stock began trading on the TSXV in July 2020. Since then, Solaris scrips have skyrocketed about 266 per cent in the last five months. In November, Solaris stocks surged nearly 22 per cent.
Solaris Resources Inc reported cash and cash equivalents of US$ 17.3 million and total assets worth US$ 38.3 million as of 30 September 2020.
Rupert Resources Ltd (TSXV:RUP)
Current Stock Price: C$ 5.5
Toronto-based Rupert Resources Ltd deals in the acquisition and exploration of mineral assets in Finland. It acquired mining company Northern Aspect Resources Ltd in 2018.
While many mining companies were decimated by the COVID-19 outbreak this year, stocks of Rupert Resources Ltd surged about 709 per cent year-to-date (YTD). The scrips gained almost 237 per cent in the last six months and about 90 per cent in the last three months.
Rupert Resources reported cash and cash equivalents of C$ 32.4 million and current assets worth C$ 32.6 million in the first eight months of 2020.
Los Andes Copper Ltd (TSXV:LA)
Current Stock Price: C$ 6.3
Vancouver-based Los Andes Copper Ltd is involved in the business of acquiring, exploring and developing copper deposits in Latin America, including the Vizcachitas Copper Project in Chile. The company is the sole owner of this project, which it claims is among the biggest advanced copper deposits in North and South America.
The trending stocks of the copper company are up over 57 per cent this year. Since the March lows, the scrips rebounded about 117 per cent in the last six month and over 31 per cent in November.
Los Andes Copper posted a cash balance of C$ 2.7 million as of 30 June 2020.
