The Conversation (2)
Tango Mining was the top gaining stock on the TSXV last week, followed by Fjordland Exploration, Rambler Metals and Mining, Foran Mining and Iberian Minerals.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) dropped slightly last week by 0.54 percent to 833.11.
Year-to-date, however, the index is still up 58.49 percent, or a jump of 307.45 points.
A number of companies on the TSXV saw strong weekly percentage gains as well, with some rising 75 percent over the five-day period.
The top five gainers for the week were:
- Tango Mining (TSXV:TGV)
- Fjordland Exploration (TSXV:FEX)
- Rambler Metals and Mining (TSXV:RAB)
- Foran Mining (TSXV:FOM)
- Iberian Minerals (TSXV:IML)
Here’s a closer look at those companies:
Tango Mining
Coming in at the top of last week’s TSXV top 5 list is Tango Mining, whose shares rose 75 percent over a five-day period to $0.105.
Tango Mining has a portfolio in coal and diamond projects in South Africa. On August 13, the company announced it had received approval to acquire an additional interest in three private South African companies, in which Tango already owns a 51 percent interest.
Fjordland Exploration
Fjordland Exploration has historically focused on the discovery of gold and copper deposits in British Columbia, however it has turned its attention to nickel and cobalt deposits in Quebec and diamond bearing kimberlite targets in the Athabasca Basin.
Last week, shares of Fjordland Exploration rose 45 percent to close the week out at $0.145.
Rambler Metals and Mining
Third on last week’s top 5 TSXV stocks is Rambler Metlaes and Mining, whose shares gained 28.57 over a five-day period to $0.09.
The company has 100 percent ownership on the Ming Copper-Gold Mine in Newfoundland. On August 18, Rambler announced the implementation of a new 10 percent fixed compensation incentive stock option.
Foran Mining
Foran Mining’s shares saw a 34.88 percent increase last week to $0.29. According to its website, the company’s long-term strategy is to build and develop a base metal mining camp on its 100 percent owned McIlvenna Bay deposit.
Foran is currently focused on advancing its Hanson Lake VMS Camp in Saskatchewan.
Iberian Minerals
Closing out last week’s top 5 TSXV list is Iberian Minerals, who is focused on evaluating gold properties in the south western United States.
Last week, shares of the company rose 30.77 percent to $0.085.
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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.
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
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