Cobalt companies fly: Cobalt Power Group (CPO.V) up 66% after Equity.Guru podcast

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Well played, listeners. Little Cobalt Power Group, a sub-$3 million market cap cobalt player that was largely only known by friends and family of the guys with the keys to the office, has suddenly lit up after a podcast episode with Equity.Guru was released late Wednesday.

The company, which has a five-shaft cobalt property in the helpfully named town of Cobalt, Ontario, has suddenly become the flavour of the month, jumping 66% over the last three trading days, and 25% over Tuesday trading alone.

The company’s stock had struggled to get over $0.09 for much of the last month but has blossomed as the story has begun to run among cobalt investors looking for value.

To hear the episode, use the player below:

CPO wasn’t the only cobalt play to ramp up hard Tuesday, as Cruz Cobalt (formerly Cruz Capital) (CUZ.V) went on a furious tear, up 23.8% to $0.26, and up 44% since last Thursday when it dipped to $0.18 for a hot minute.

Insiders at Cruz tell me they’re just getting started, and that the company expects much news in the coming weeks.

The plucky cobalt property collector made news a month back when execs decided to roll the stock forward, bringing the stock price back from $0.66 to $0.22 in a 1 to 3 shift, a move that was explained as giving investors a higher chance of big volatility moves. Mission accomplished.

Another Equity.Guru coverage company, Southern Lithium (SNL.V) joined the shift in the battery metals space, upping 10% on the day to $0.265, up from $0.215 last Friday, on news of the installation of long time mining player Clive Massey as CEO.

Also on the move in the battery tech space has been Nano One Materials (NNO.V), which has climbed 23% over the last two weeks as it nears its long anticipated pilot plant opening. More news on that in the weeks ahead.

— Chris Parry

FULL DISCLOSURE: Cobalt Power Group, Cruz Cobalt, and Southern Lithium are Equity.Guru marketing clients and the author has purchased shares of each on the open market.

 

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