Vox Royalty (VOXR) Surged 35.86% in the Last Six Months

Ace River Capital, an investment management company, released its second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned -14.05% in the second quarter, compared to 4.25% and 5.19% returns for the S&P 500 (SPX) and the Russell 2000 (RTY) respectively. The fund returned -22.99% for the full year compared to 16.92% and 8.44% for the indexes. The firm’s goal is to maintain a focused portfolio of small and micro-cap companies with distinct advantages and growth potential within their respective sectors. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Ace River Capital highlighted stocks like Vox Royalty Corp. (NASDAQ:VOXR) in its Q2 2024 investor letter. Vox Royalty Corp. (NASDAQ:VOXR) is a mining royalty and streaming company. The one-month return of Vox Royalty Corp. (NASDAQ:VOXR) was 2.93%, and its shares gained 28.90% of their value over the last 52 weeks. On August 5, 2024, Vox Royalty Corp. (NASDAQ:VOXR) stock closed at $2.8100 per share with a market capitalization of $145.553 million.

Ace River Capital stated the following regarding Vox Royalty Corp. (NASDAQ:VOXR) in its Q2 2024 investor letter:

“Vox Royalty Corp. (NASDAQ:VOXR) has experienced a strong rise in share price (+35.86%) over the last six months. With a strong cash position, no debt and a portfolio of mining royalties coming into production over the next few years I am excited about this position.”

The Largest Gold Mine in the World by Production Volume

A closeup image of a miner holding a pile of gold nuggets, a representation of the company’s royalty.

Vox Royalty Corp. (NASDAQ:VOXR) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held Vox Royalty Corp. (NASDAQ:VOXR) at the end of the first quarter which was 5 in the previous quarter. While we acknowledge the potential of Vox Royalty Corp. (NASDAQ:VOXR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In addition, please check out our hedge fund investor letters Q2 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.