Cordoba Minerals Corp. (CDB:TSXV) is the reason the TSX Venture has been on fire since early February.
The performance of stocks like Cordoba Minerals is also the reason investors trade and invest in small-cap resource stocks.
Cordoba is up more than 400% since early 2016. Its stock chart looks like a half-pipe and has now gone parabolic. Its shares soared 26.6% Tuesday on nearly half a million shares traded.
TSX Venture soars to multi-month highs
The TSX Venture’s chart has been moving at a 45 degree angle, up and to the right since mid-January. The Venture added a quarter point Tuesday, closing at its highest level in nearly 8 months.
TSX Venture – 3 Month Chart
Brand new Pinnacle member ‘silverandgold’ is playing for keeps in his first ever Stock Challenge run. His combined average return popped 20.16% Tuesday.
His top pick of Cordoba rallied 26.67% – second best on the day. His second selection of Wolfden Resources was the 4th best performing stock in March’s Stock Challenge Tuesday – rising 13.6% Tuesday.
The combined move pushed silverandgold’s combined average return on the month up to 70.68%.
Everyone is chasing long-time member ‘OZZIE’ and his 120.05% return thus far. His selection of Karnalyte Resources settled above $3 Tuesday and has been one of the biggest stories on the TSX Venture in 2016.
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