Elcora Resources (ERA.V) has been one of the very few decent performers in 2015, and the company’s share price has now tripled to C$0.32 since we released our site visit report back in February. As that’s a remarkable achievement, it might be a good idea to take some chips off the table here. We recommended Elcora at C$0.105 per share, and the share price has now more than tripled to C$0.32, a share price increase of 205% in about ten months.
If you’d sell half your position now, you’d still have a return of 50% on the total amount you originally invested, whilst keeping the remainder of your shares as ‘free shares’. We don’t think anyone would blame you for taking some profits off the table after a stock has tripled, and taking this profit could be tax free if you have some poor-performing companies that you might want to sell during the tax loss selling season.
We are extremely happy with Elcora’s performance in 2015 and we definitely hope some other companies we are covering will follow suit in 2016!
Go to Elcora’s website
The author holds no position in Elcora Resources anymore. Please read the disclaimer
