Stocks at 52 week low are normally shied from because these might be facing challenges and also because of a well known stock market adage of never catch a falling knife. However, below given near 52-week high stocks are worth consideration because of their strong momentum or high investor confidence.
Stocks Near 52 Week high
Midas Minerals Ltd (ASX: MM1)
Felix Gold Limited (ASX: FXG)
Black Cat Syndicate Limited (ASX: BC8)
Chrysos Corporation Ltd (ASX: C79)
Rox Resources Ltd (ASX: RXL)
Midas Minerals Ltd (ASX: MM1)
has reached a major milestone in its growth strategy with the approval of licence transfers for its Otavi Copper Project in Namibia. This is a significant step towards completing the acquisition, subject to Namibian Competition Commission approval and a planned capital raise of A$3.5 million. Through historic high-grade copper and silver intercepts, the roughly 1,776 km² Otavi Project offers tremendous exploration potential. Drilling is scheduled to start as soon as the project is finished. In addition to this, Midas is growing its South Otavi option and keeping a diverse portfolio of projects in Western Australia and Canada that include gold, nickel, copper, PGE, and lithium. Supported by a seasoned board, Midas has established itself as a bright young explorer with prospects on a global scale.
Felix Gold Limited (ASX: FXG)
is emerging as a key player in addressing U.S. antimony supply security at a critical time. The United States is desperately looking for domestic sources of antimony because of China's recent ban on exports and the fact that Russia, China, and Tajikistan control the world's supply. Since 2024, prices have increased by more than 300%, underscoring Felix Gold's Treasure Creek Project's significance in Alaska. The project has major infrastructure advantages close to Fairbanks, world-class grades, and historic production from the Scrafford Antimony Mine. Drilling, environmental studies, and engineering work are currently underway, and metallurgical testing has confirmed the potential to produce military-grade concentrates. Felix hopes to prove itself as a vital U.S. supplier of antimony by aiming for first production by the end of 2025, subject to approvals.
Black Cat Syndicate Limited (ASX: BC8)
is advancing its exploration at its 100% owned Paulsens Gold Operation, with encouraging results from both Paulsens West and Big Sarah. The first of two deep diamond drill holes at Paulsens West intersected about 30 meters of mineralised and altered gabbro with sulphide alteration and quartz-carbonate veins, which is comparable to the geology being mined at Paulsens. Tests for this program, which is co-funded by WA's Exploration Incentive Scheme,are due in September 2025. Assays are anticipated in October after Black Cat completed its first-ever drill program at Big Sarah, which discovered quartz veining with broad sulphide zones. A complete LiDAR and aerial imagery survey has also been finished, enabling further investigation into a number of promising regional opportunities.
Chrysos Corporation Ltd (ASX: C79)
has delivered a strong FY25 results with revenue up 46% to $66.1m and EBITDA rising 80% to $16.1m which is reflecting growing PhotonAssay™ adoption. Chrysos is in a strong position to expand internationally and achieve steady, predictable revenue growth, due to its 40 deployed units, positive cash flow, and $99.1 million in funding capacity. The Company is expanding its global presence by collaborating with Newmont, the largest gold miner in the world. New contracts at Ahafo in Ghana and Merian in Suriname show the rapid adoption of PhotonAssayTM, with units already proven at the Nevada Gold Mines JV. These deployments, which start in FY26, increase Chrysos' capacity to provide innovative, reliable assay technology while growing safe, long-term revenue streams in several top-tier gold mining jurisdictions.
Rox Resources Ltd (ASX: RXL)
continues to unlock value at its flagship Youanmi Gold Project in Western Australia, one of the country’s premier gold provinces. Youanmi has a strong production history, with 667koz mined at 5.42g/t, and is surrounded by deposits containing millions of ounces. A solid, high-grade reserve of 546 koz was described in the July 2024 PFS, and production is expected to exceed 100 koz per year for a mine life of 7.7 years. Free cash flow of A$1.3 billion is supported by strong margins and low costs (AISC A$1,676/oz). Further upside is indicated by updated 2025 resource estimates, which predict higher grades and ounces. Youanmi is a premium underground gold development opportunity with strong economics, scalability, and price-stable resilience which renders it a standout choice for long-term growth and significant shareholder returns.
(Source: Company Announcement)
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