Shares of this Yukon-focused gold explorer Kaminak Gold Corp. (TSX: V.KAM, Stock Forum) have been moving higher over the past couple days, despite the sell-off in the broader markets, writes Canaccord Wealth Management in its Morning Coffee newsletter. As one of, if not, the leader in the second-coming of the Yukon gold rush, Kaminak should see its shares start to move first when investor interest comes back into the area. Most recently, Kaminak announced a new gold discovery at its Coffee Gold Project, Yukon Territory. These first set of results from the 2012 drill program, 14 Reverse Circulation (RC) drill holes, came up with another gold discovery at the Supremo Zone.
Trading at $1.97 on Friday, Kaminak has a market cap of $145.6 million based on 73.9 million shares outstanding. The 52-week range is $4.71 and $1.65.