12 Stocks of Christmas: Serabi Mining

For my contributions to the 12 Stocks of Christmas, I am choosing four stocks that epitomise Quality, Value, Momentum and Growth for me. Today, it is Momentum and a contribution that is very timely given the continued strong momentum yesterday, which sparked some chatter among our community.
On the 10th Day of Christmas, my true love gave to me:
Serabi Gold (LON:SRB)
Serabi had a phenomenal 2024, with its share price rising over 150%:

Unlike many shares in 2024, this has been backed by earnings upgrades:

Indeed, this has made the forward P/E look incredibly low:

The major driver of this has been the gold price, which has risen 27% in Sterling in 2024. The cash flow generated from production at high gold prices means that they now have net cash. This momentum in earnings upgrades means the company has a 94 momentum rank and the highest StockRank in the UK market at the moment:

This isn’t just a story of leveraged gold price exposure. There is increasing production...