Five Canadian Jr. Miners Gaining on High Volume from Ukraine-Russia Escalation

Michael Teague |

The selling that pulled markets lower by the close of Monday’s trading session was unanimously understood to be the result of investor concerns over the crisis that is now unfolding in Eastern Europe between the Ukraine and Russia.

Commodities futures gained throughout the day, and did so across the board, with gold and other precious metals once again assuming the position of haven investments. But it was not only futures that gained on the day, as a number of metals stocks traded up and on high volume. Among the ten stocks that had gained on at least three times average volume, half of them were Canadian junior mining outfits who saw an uptick in buying without any specific catalyst, at least from the perspective of fundamental data.

 

Alderon Iron Ore Corp. (AXX)

Industry: Industrial Metals & Minerals

Market-Cap/Price: $218.64 million / $1.68

Volume (March 3 vs. 3-month average): 73.07 thousand / 3.75 thousand

Performance (March 3 session): +1.20 percent

Performance (year-to-date vs. 12-month): +7 percent / +35.50 percent

 

North American Palladium Ltd. (PAL)

Industry: Industrial Metals & Minerals

Market-Cap/Price: $81.16 million / $0.45

Volume (March 3 vs. 3-month average): 18.77 million / 4.740 million

Performance (March 3 session): +15.92 percent

Performance (year-to-date vs. 12-month): -30.50 percent / -68.80 percent

 

Rare Element Resources Ltd. (REE)

Industry: Industrial Metals & Minerals

Market-Cap/Price: $86.21 million / $1.81

Volume (March 3 vs. 3-month average): 2.14 million / 540.51 thousand

Performance (March 3 session): +6.50 percent

Performance (year-to-date vs. 12-month): +16.75 percent / -15 percent

 

International Tower Hill Mines Ltd. (THM)

Industry: Gold

Market-Cap/Price: $69.62 million / $0.71

Volume (March 3 vs. 3-month average): 1.33 million / 434.92 thousand

Performance (March 3 session): +6 percent

Performance (year-to-date vs. 12-month): +73.15 percent / -55.35 percent

 

Quest Rare Minerals Ltd. (QRM)

Industry: Industrial Metals & Minerals

Market-Cap/Price: $34.96 million / $0.52

Volume (March 3 vs. 3-month average): 775.79 thousand / 257.29 thousand

Performance (March 3 session): +4 percent

Performance (year-to-date vs. 12-month): +10.65 percent / -28.75 percent

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
REE Rare Element Resources n/a n/a n/a n/a
THM International Tower Hill Mines Ltd. (Canada) 0.61 0.04 7.00 432,005
COGGF Coastal Gold Corp Ord n/a n/a n/a 0
AXX FTSE Aim All-Share Index n/a n/a n/a n/a

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