Last week’s numbers had a lithium, graphite and copper lining
InvestorIntelReport (May 18-22, 2015): The numbers for our members this week are nearly even, down .81%, but there were outliers. No huge gains were to be expected after the news of Chinese amalgamation put a shadow on Technology Metals financing outside of China. The news continues to be positive for graphite and lithium stocks. It was also a good week for gold, base & precious metals. There were no major movements in any direction except oil & gas continued its slide. As for why that is, the answer is always in foreign relations.
The companies that did well this week were: top gainer Next Gen Metals Inc. (CSE: N), who were up 60% on the week. Next was Elcora Resources Corp (TSXV: ERA), up 43.75%, then Homestake Resources Corp, (TSXV:HSR), who were up 25%, then El Nino Ventures Inc. (TSXV: ELN), up 20%. And in fifth place was Critical Elements Corp. (TSXV: CRE | OTCQX: CRECF) who were up 17.39% and 14.29%, respectively. Next was Ucore Metals Inc. (TSXV: UCU | OTCQX: UURAF), who were mentioned in the U.S. Senate Critical Mineral Hearings May 12th. Their heavy rare earth mine in Alaska was named as one of the “exciting projects that the Committee should be aware of,” by Edmund Fogels, Deputy Commissioner of the Alaska Department of Natural Resources (DNR), who spoke of a need for domestic supply of critical, import-dependent minerals. Ucore were up 9.52% on the TSXV, and 8.24% on the OTCQX.
Dollar Amount Gainers
The top gainers this week, unlike last week, were nearly the same for the dollar amount category. Next Gen Metals was in first for both, up $0.15. At #2 was Elcora, also in the same position on both lists, up $0.0824. Elcora have a graphite mine in Sri Lanka. At #3 was Chesapeake Gold Corp. (TSXV: CKG| OTCQX: CHPGF) up $0.06 or 3.05%. Number three in percentage, Homestake, were tied for #4, up $0.05, as was El Nino, who also came in fourth on both lists.
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The sector that did the best was Gold, Base & Precious Metals, up 1.37%, at #1,3 &4th place in percentages. Next was Graphite & Graphene which was up .77%, but only four companies didn’t have slight declines as the sector was bolstered by Elcora’s gain of 43.75%. Agribusiness & Medical Marijuana was up 4.84%, but only Next Gen was up, distorting the numbers for that sector. The one significant decline was Oil & Gas down 10.1%.
The oil and gas sector continues to see uncertainties in the markets. The price of oil has been fairly even lately but political machinations make the future seem very cloudy. Sanctions against Russia have been intended to keep the price down to lower the revenue of the Russian state. And the new government elected in Alberta two weeks ago, the first party change since 1971, has left the markets unsure how this will carry out in the oil patch. My guess is that what happens with oil will depend on what happens in the Ukraine.
Most Read Story
The piece on Contagious Gaming (TSXV: CNS), by Dr. Luc Duchesne, was the most read article last week. The stock was only up 1.54%, but their Goal Time, real time, lottery game isn’t up and running yet. But when it is I forsee the company picking up speed. The game allows people to bet in real time during soccer matches, on things like if a goal will be scored in the next 5 minutes, or who will score next. The winners split a jackpot at the end of the game that grows dramatically during the game.
Though the numbers were relatively even this week, they were distorted by a few high gainers in several different sectors. Most companies were down closer to 5%. This was to be expected in the Technology Metals sector as I mentioned last week, due to the news of Chinese amalgamation of 6 rare earth companies. Gold & Base Metals did well, in part perhaps due to Chris Berry’s bullish stand on copper as an overlooked element of electric car batteries. Graphite & Graphene stocks did fairly well, likely aided by the mention in the US Senate of graphite as a critical, strategic mineral that the US is import-dependent on, not having produced any since 1991. Going forward the markets will continue to be affected by the news out of China, and what the US government may do about the dependence on one country for so many strategic minerals.
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