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ELYGF - Ely Gold Royalties: Don't Chase The Stock Here
Ely Gold Royalties Inc
It's been a rollercoaster ride for investors in the gold space (GDXJ) in FY-2020, and even the best names were thrown out with the bathwater during the mid-March turbulence.
Fortunately, most of the better names have come roaring back to new 52-week highs, and Ely Gold Royalties (ELYGF) is a stand-out in the group with an incredible 270% return in just 60 trading days. The catalyst for this exceptional performance is the company's continued acquisition of several key royalties in the sector, with the most notable being a 2% net-smelter-return [NSR] on Wallbridge