There aren’t any cheap gold stocks left on the ASX, some say.
But maybe they aren’t digging deep enough into the sub-$10m market cap ‘bargain box’ bracket.
It always pays to do proper research before you invest. Some microcap explorers couldn’t hit water if they fell out of a boat.
But lately, punters have been jumping onboard some absolute gems.
Explorers like Riversgold (ASX:RGL), which grew its market cap from $1.9m to +$20m on a cluster of good news, which includes well-known mining investor Tolga Kumova joining the register.
Golden State, which had a $2.5m market cap in January, is now worth almost $20m.
Then there’s the seminal Predictive Discovery (ASX:PDI) — a sub-$5m battler transformed into a stunning, $60m market cap butterfly.
The list goes on. Currently, there are 25 gold stocks on our list with a market cap under $10m.
That number is creeping lower as we speak.
One month ago, there were 31 gold stocks with a sub $10m market cap; two months ago, it was 36, and at the start of the year it was 45.
Where’s the next bargain stock multi-bagger coming from?
Winners & Losers
Here’s how ASX-listed gold stocks performed for the period July 20 –24 [intraday]:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
The post Gold Digger: Which of these sub-$10m market cap battlers will be the next Predictive Discovery? appeared first on Stockhead.
Barry Stroman was a reporter for Zerg Watch, before becoming the lead editor. Barry has previously worked for Wired, MacWorld, PCWorld, and VentureBeat covering countless stories concerning all things related to tech and science. Barry studied at NYU.