5 Top TSX Stocks: Lithium Americas Leads the Way

Lithium Americas was the top gaining TSX stock last week, with Nautilus Minerals, Imperial Metals, Teck Resources, and Osisko Mining closing out the list.

a big day for biotech

The S&P/TSX Composite index (INDEXTSI:OSPTX) was up last week by a margin of 0.03 percent to 14,639.88 points.

On Wednesday, the exchange dropped but rose back up on Friday after the speech made by Janet Yellen, chair of the US Federal Reserve. According to the Toronto Star, Yellen said the “US economy has been helped by a solid job market.”

With that in mind, a number of stocks also made some gains over the week.

Companies that were up for the week included:

Here’s a look at those companies:

Lithium Americas

Lithium Americas, through a joint venture, is developing the Cauchari-Olaroz brine deposit in Argentina and, through its wholly-owned subsidiary, Lithium Nevada, is developing lithium deposits in northern Nevada. Most recent company news came in June when Lithium Americas announced the filing of an updated technical report on its Nevada property.

Last week, shares of the company rose 6.9 percent–a $0.06 increase–to $0.93.

Nautilus Minerals

Next on the list is Nautilus Minerals, whose shares rose 3.45 percent over the five-day period to $0.15.

According to its website, Nautilus Minerals is the first company to commercially explore the seafloor for sulphide systems, a potential source of high-grade copper, gold, zinc and silver. The company’s copper-gold project, Solwara 1 is under development in Papua New Guinea.

On August 22, Nautilus Minerals announced it had obtained a bridge financing and restructures Solwara 1 Project delivery.

Imperial Metals

Shares of Imperial Metals rose 2.17 percent last week to reach $7.06.  The company is focused on base and precious metals, with the majority of its operations and exploration projects in British Columbia. Through its subsidiaries, owns the Red Chris and Mount Polley mines and holds a 50 percent interest int he Huckleberry mine and Ruddock Creek property.

The last company news posted by Imperial Metas was August 11, when it announced its second quarter 2016 financial results.

Teck Resources

Teck Resources is a diversified resource company, in the copper, zinc, steelmaking coal and energy sectors. The company’s latest news came at the end of July, when it reported its second quarter results for 2016.

Last week, shares of Teck Resources rose 2.12 percent to close the five-day period  at $20.75.

Osisko Mining

Closing out last week’s TSX list is Osisko Mining, whose shares rose 1.83 percent over the five-day period to $2.22.

The company is a mineral exploration company focused on the acquisition, exploration and development of precious metal resource properties in Canada. On August 25, Osisko announced it had discovered “significant mineralization” at its Windfold Lake gold project located in Quebec.

Don’t forget to follow us @INN_Resource for real-time news updates.

Data for 5 Top TSX 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 $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

Related reading:

5 Top TSX Stocks: Arizona Mining Tops the List

5 Top TSX Stocks: Gold Stocks Rally

5 Top TSX Stocks: Silver Miners On The Rise

5 Top TSX Stocks: Gold Stocks Rising

5 Top TSX Stocks: Columbus Gold Rises 17 Percent

5 Top TSX Stocks: Gold and Silver Stocks Rise

5 Top TSX Stocks: International Tower Hill Mines Up Over 40 Percent

5 Top TSX Stocks: Gold Stocks Spike Following Brexit

5 Top TSX Stocks: Gold Stocks Still Gaining

5 Top TSX Stocks: Gold and Silver Stocks Jump

5 Top TSX Stocks: Gold Mining Stocks Jump on Higher Gold Price

5 Top TSX Stocks: Luna Gold Gains on Exploration Agreement With AngloGold Ashanti

5 Top TSX Stocks: Mountain Province Up 14 Percent

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply