The S&P/TSX Venture Composite Index (INDEXTSI:JX) lost some steam last week, dropping 2.4 percent to 775.84 points.
A recent report from PwC Canada cited a rise in the market capitalization of top junior mining companies, providing the industry with a more optimistic outlook.
Although the index was down last week, a number of stocks in a variety of sectors still saw weekly percentage gains.
The top five gainers for the week were:
- Engold Mines (TSXV:EGM)
- GB Minerals (TSXV:GBL)
- Almadex Minerals (TSXV:AMZ)
- Giyani Gold (TSXV:WDG)
- Great Quest Fertilizer (TSXV:GQ)
Here’s a closer look at those companies:
First on last week’s 5 top TSXV stocks is Engold Mine, a company focused on gold, copper, and silver exploration. The company’s primary focus os on its Aurizon Gold Zone on its 100 percent owned Lac La Hache property in British Columbia.
On October 28, Engold announced the granting of stock options at a price of $0.12 each for a period of two years. Last week, shares of Engold rose 75 percent to $0.14.
GB Minerals is focused on advancing its Farim Phosphate project in Guinea-Bissau, located in West Africa. The company’s most recent news was announced on October 6 wherein it had completed a rights offering.
Last week, shares of GB Minerals jumped 46.15 percent to finish the week at $0.095. Despite the increase, the company did not have any related news.
Shares of Almadex Minerals saw a steady increase last week, rising 43.93 percent to close the five-day period at $1.54.
The company has exploration programs underway in Mexico, Canada and the US, and specializes in discovering new mineral prospects. On October 24, Almadex announced the completion of the second drill hole on the Norte Zone at its 100 percent owned El Cobre copper-gold project in Mexico.
Next on last week’s top 5 TSXV stocks is Giyani Gold, a junior exploration company interested in acquisition, exploration, evaluation and development of underexplored, past producing gold assets in South Africa and Canada.
The company’s Rock Island Gold Project received an acceptance letter for a retention license application from the South Afircan Department of Mineral Rources (DMR) on September 1. On October 27, Giyani Gold announced it had acquired an 88-95 percent interest in various manganese projects in Botswana.
Shares of Giyani Gold increased 38.98 percent to close the week at $0.41.
Great Quest Fertilizer
Closing out last week’s 5 top TSXV list is Great Quest Fertilizer, a company focused on the development and manufacturing of farm-ready fertilizers from mineral deposits in Africa for agricultural markets. On October 28, the company renewed the Aderfoul permit for the Tilemsi phosphate project.
Shares of Great Quest Fertilizer increased 30.43 percent last week to $0.30.
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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Top TSXV stocks in recent weeks: