Companies with higher levels of institutional ownership (stocks held by large financial organizations, pension funds or endowments) and strong insider ownership (stocks held by senior executives and directors within the firm) attract investor interest as it reflects a confidence in growth potential since institutional owners’ and insiders’ personal wealth is directly affected by stock performance.
Today, we have picked 10 Canadian basic resources stocks trading below C$5 which have high institutional (>15%) and insider ownership (>5%) and have witnessed an increase in insider ownership during the past six months. Moreover, we note that these stocks are rated a ‘Buy’ by a majority of the analysts covering these stocks with consensus 12-month price targets indicating significant upside potential ranging 30% to 200% from current levels, according to consensus estimates provided by Bloomberg.
|
Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change |
Equity Shares Outstanding |
Institutional Ownership |
Insider Ownership |
Change in Insider Holding |
|
Gold Standard Ventures |
GSV |
TSXV |
78.9 |
0.75 |
155,068 |
29.3% |
105.2 |
15.1% |
5.8% |
7.1% |
|
Ivanhoe Mines Ltd |
IVN |
TSX |
1,004.5 |
1.44 |
1,833,752 |
-14.8% |
689.1 |
28.5% |
25.4% |
12.4% |
|
Royal Nickel Corp |
RNX |
TSX |
61.0 |
0.61 |
225,009 |
-10.3% |
100.0 |
17.0% |
5.1% |
19.9% |
|
Dalradian Resources Inc |
DNA |
TSX |
98.4 |
0.90 |
155,670 |
2.9% |
109.4 |
48.5% |
5.9% |
5.6% |
|
Integra Gold Corp |
ICG |
TSXV |
29.7 |
0.22 |
453,512 |
-8.3% |
135.0 |
24.1% |
30.4% |
12.7% |
|
Storm Resources Ltd |
SRX |
TSXV |
521.0 |
4.74 |
319,523 |
-16.1% |
109.9 |
33.2% |
12.7% |
12.8% |
|
Roxgold Inc |
ROG |
TSXV |
188.6 |
0.80 |
563,550 |
21.2% |
235.8 |
50.6% |
5.5% |
16.3% |
|
Chinook Energy Inc |
CKE |
TSX |
479.8 |
2.24 |
674,076 |
28.7% |
214.2 |
46.2% |
5.8% |
2.8% |
|
Perpetual Energy Inc |
PMT |
TSX |
308.3 |
2.07 |
373,513 |
15.0% |
148.9 |
27.4% |
25.5% |
1.0% |
|
PanTerra Resource Corp |
PRC |
TSXV |
184.5 |
0.55 |
781,587 |
660.7% |
335.4 |
45.1% |
11.5% |
10.5% |
Source: Bloomberg
Company Description:
Gold Standard Ventures Corp (TSXV: GSV)
Gold Standard Ventures Corp. is an advanced stage gold exploration company focused on Nevada.
Ivanhoe Mines Ltd (TSX: IVN)
Ivanhoe Mines Ltd. is a diversified mineral resources company focused on the exploration and development of its three principal properties: the Kamoa copper discovery; the Platreef platinum-palladium-gold-nickel-copper discovery; and an unmined zinc-copper deposit at the Kipushi zinc-copper-lead-germanium mine.
Royal Nickel Corp (TSX: RNX)
Royal Nickel Corporation explores for nickel. The company operates in the Dumont nickel deposit in the Val D’Or/Amos mining region of Quebec.
Dalradian Resources Inc (TSX: DNA)
Dalradian Resources Inc. is a Canadian based exploration company engaged in the acquisition, exploration and development of gold, base metals and other precious metals projects. With a European focus, the most advanced property is in Northern Ireland and focuses on and around the high-grade mesothermal gold deposit, Curraghinalt.
Integra Gold Corp (TSXV: ICG)
Integra Gold Corporation explores for gold and diamonds. The company operates on the Back Lake, Chapleau and Lamaque gold properties in Quebec, Ontario and the Northwest Territories in Canada; and the Wawa diamond property in Ontario.
Storm Resources Ltd (TSXV: SRX)
Storm Resources Ltd. explores for and produces oil and natural gas. The company operates in Alberta and British Columbia.
Roxgold Inc (TSXV: ROG)
Roxgold Inc., acquires, explores and develops natural resource properties in Canada.
Chinook Energy Inc (TSX: CKE)
Chinook Energy Inc is an oil and gas exploration and production firm. The company develops niche oil and gas exploitation opportunities in international hydrocarbon provinces. Chinook Energy explores worldwide.
Perpetual Energy Inc (TSX: PMT)
Perpetual Energy Inc. is an independent natural gas producer. The company owns, operates, and develops oil and gas properties throughout Canada.
PanTerra Resource Corp (TSXV: PRC)
PanTerra Resource Corp. acquires, explores, and develops shallow and shale gas in the province of Saskatchewan, Canada.
