The S&P/TSX Venture Composite Index (INDEXTSI:JX) was up last week, increasing 1.97 percent to 749.37 points.
A number of stocks were on the rise last week, with gains as high as over 76 percent over the five-day period.
In particular, the base metals and energy sectors had some of the top-gaining stocks.
The top five stocks for the week were:
Here’s a closer look at the 5 top weekly TSXV stocks:
Darnley Bay Resources
Darnley Bay is an exploration-stage company focusing on molybdenum and zinc in Northerwest Territories, Canada. They recently announced that they are working on a deal to buy the Pine Point lead and zinc mine east of Hay River. The mine assets contain 42 known zinc-lead deposits over a strike length of approximately 68 kilometers.
Over the five-day period, shares of Darnley Bay Resources saw an increase of over 76 percent to reach $0.45.
Next on the list is Adex Mining that owns the Mount Pleasant property in New Brunswick, Canada. This multi-metal project is host to tungsten-molybdenum and tin-indium-zinc mineralization.
Last week, shares of the company increased 50 percent to reach $0.01.
Foran Mining is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing central Canada’s Hanson Lake VMS Camp and has approximately six properties in Saskatchewan. In late 2014, Foran released a positive Preliminary Economic Assessment for the McIlvenna Bay deposit, Foran’s first deposit in the Hanson Lake Camp.
Last week, shares of Foran Mining saw a 29.63 percent increase to reach $0.35.
Pure Energy Minerals
Pure Energy Minerals, a mineral resource company, is engaged in the exploration and development of mineral properties with a focus on lithium brines. They report that their Clayton Valley South Project contains an inferred mineral resource of 816,000 tonnes of lithium carbonate equivalent (“LCE”).
The company does not have any news regarding its share price increase, but they recently confirmed that their Glory Claims property has high lithium values averaging 689 ppm.
Last but not least on the 5 top gaining TSXV stocks for the five-day period is CUB Energy, an upstream oil and gas company with 302,000 gross acres in Ukraine. They reported that for the third quarter of 2016 their production averaged 1,171 boe/d (98% natural gas) falling 13% from the same period in 2015.
Shares of CUB Energy closed the week out at $0.04–a 28.57 percent increase over the week.
Data for 5 Top TSXV Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Top TSXV stocks in recent weeks:
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