Cobalt penny stocks have become popular over the last year, but so have vanadium penny stocks. Gold may be the OG in the mining penny stocks market, but cobalt and vanadium are garnering a lot of attention lately.
Apple is reportedly looking into cobalt mining companies, while investors are turning to vanadium flow batteries over lithium-batteries. However, when looking at market performance, which mining penny stock is doing better?
Today we’re having a bit of a competition: cobalt penny stocks vs. vanadium penny stocks. For cobalt, we’re going to be looking at eCobalt Solutions. For vanadium, Largo Resources. Both are Canadian companies.
Cobalt vs. Vanadium
Today, looking at the penny stock market, it appears Largo Resources is performing better. Not by much, though; which aligns with the idea that cobalt and vanadium have the same amount of market popularity.
Largo Resources (TSX:LGO)
If the price of vanadium continues to increase, vanadium penny stock companies are going to benefit, with Largo Resources likely leading the pack.
Based in Toronto, the vanadium penny stock company has seen quite a bit of success in 2018, from announcing revenue increases in the second quarter to announcing that it closed a secondary offering; this news caused the LGO stock to reach a new 52-week high.
Despite the company not making any recent announcements, this vanadium penny stock is trading up nearly 2.50% today.
As of 2:42 p.m. EDT, Largo Resources is trading at $2.92, which puts the vanadium penny stock up 2.46%.
eCobalt Solutions Inc. (TSX:ECS)
Headquartered in Vancouver, British Columbia, eCobalt Solutions is another mining penny stocks company receiving attention this year. Even though eCobalt Solutions has been pretty quiet lately, that hasn’t stopped the stock from seeing green, which is impressive considering how volatile penny stock companies can be.
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On Monday, as of 2:26 p.m. EDT, eCobalt Solutions is trading at $0.79, which puts the stock up 1.28%.
The Takeaway
There’s a clear winner today, and that’s vanadium penny stocks. But that could easily change tomorrow; as mentioned, mining penny stocks are volatile. Do you have any predictions where these two stocks will be trading at on Tuesday? Let us know in the comments below and check back in for more penny stock news!
Featured Image: Depositphotos/© wawritto
