Carson Block, known for short-selling Chinese companies, took a bullish stance on Canadian miner Snowline Gold due to its significant gold reserve discovery in the Yukon territory. Snowline’s flagship Valley deposit boasts 8 million ounces of gold, attracting attention from major producers. The company’s stock has risen 217% in the past year, but with a high price-to-book ratio. Snowline raised CAD 102 million through offerings to advance its projects. Despite no revenue, Snowline holds a strong cash position. It may be wise to monitor Snowline’s progress before considering an investment.

Read more at Barchart: Legendary Investor Muddy Waters Is Making a Rare Bullish Bet on This Gold Stock. Should You Buy It Too?