5 Top Weekly TSXV Stocks: Bowmore Exploration on Top

The top gaining TSXV stock last week was Bowmore Exploration followed by Quaterra Resources, Bearing Resources, Stakeholder Gold and Abacus Mining & Exploration.

weekly TSXV stocks

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed the week up once again, rising 2.18 percent to end at 843.92 points.

Other indices, including the S&P 500 (INDEXSP:.INX), Dow Jones Industrial Average (INDEXDJX:.DJI) and NASDAQ Composite (INDEXNASDAQ:.IXIC), also gained last week, fueled by the “Trump rally.”

According to MarketWatch, index gains are expected to continue once investors have a clearer picture of President Trump’s plans for tax reform and the healthcare overhaul.

Many stocks also gained last week, with some TSXV-listed companies seeing gains of over 50 percent over the five-day period. The stocks that rose the most were:

  • Bowmore Exploration (TSXV:BOW)
  • Quaterra Resources (TSXV:QTA)
  • Bearing Resources (TSXV:BRZ)
  • Stakeholder Gold (TSXV:SRC)
  • Abacus Mining & Exploration (TSXV:AME)

Read on to learn more about those companies and what moved their share prices last week.

Bowmore Exploration

Bowmore is a junior exploration company focused on mineral exploration in Eastern Canada. The Company is focused on the acquisition, exploration and development of gold mineral properties in Canada and Mexico. Its projects include St-Victor project, Duverny property, Silica East, Silica Amherst and Silica South in Quebec; La Scie Gold property in Newfoundland, and Chivas in Mexico.

The latest news from the company are from November, when it announced completing its phase 2 drill program on its Southern Quebec Quartzite property. Over the five-day period, shares of Bowmore Exploration saw an increase of over 64.71 percent to reach $0.14.

Quaterra Resources

Quaterra Resources is a mining exploration and development company focused on advancing its key copper assets in Yerington, Nevada. Quaterra’s Yerington projects have good existing infrastructure, valuable water rights, community support and significant exploration upside.

Most recently, the company announced a 2017 drill program of at least 15 drill holes to test targets throughout the Company’s 51-square-mile land package located in the historic Yerington District of Nevada. Last week, shares of Sama Resources saw a 50 percent increase to reach $0.15.

Bearing Resources

Next on the top weekly TSXV stocks is Bearing Resources. The company is focused on exploration for precious and base metals in North America. The Company’s strategy is to identify, explore and develop mineral deposits with a magnitude of size and grade to be of interest to mid-sized and larger mining companies.

The company does not have any news regarding its share price increase, but has recently reported results from their ongoing deep drilling exploration program at the Maricunga lithium brine project located in Chile. Over the five-day period, shares of Bearing Resources saw an increase of over 40.2 percent to reach $1.43.

Stakeholder Gold

Stakeholder Gold is conducting exploration on its 100 percent owned Ballarat Gold Property located 120 km southeast of Dawson City. It is southeast of Kinross Gold’s White Gold deposit (840,000 ounces of inferred gold resources) and northeast of Goldcorp’s recently acquired Coffee Gold deposit (3 million ounces of indicated gold resources). Most recently, the company announced their exploration summary for 2016 and plans for 2017.

Last week, shares of the company increased 45.83 percent to reach $0.35.

Abacus Mining & Exploration

Last in the top weekly TSXV stocks is Abacus Mining & Exploration, is a mineral exploration and mine development company with a 20 percent interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C. The Ajax Project is a proposed copper-gold open-pit mine currently in the submission stage of a provincial and federal environmental assessment process.

The company recently announced that it has signed an option agreement to earn up to 75 percent interest in the copper-gold Willow Property located in Douglas County of Nevada, USA. Shares of Abacus Mining & Exploration closed the week out at $0.07–a 27.27 percent increase over the week.

Data for 5 Top Weekly 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.

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

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

Editorial Disclosure: Stakeholder Gold is a client of the Investing News Network. This article is not paid-for content.


This article is updated each week. Please scroll to the top for the most recent information.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last week up 2.04 percent at 836.16 points.

The rise was supported by higher oil prices and expectations of corporate-friendly tax cuts in the US, says the Financial Post. President Donald Trump has said his administration is planning a “phenomenal” tax reform package that will likely ease the burden on most businesses. An unexpected surge in Canadian job growth also helped the index post gains.

Unsurprisingly, many TSXV-listed stocks rose last week as well, with some mining-focused companies seeing share price increases of over 50 percent. The top five gainers last week were:

  • PNG Gold (TSXV:PGK)
  • Tintina Resources (TSXV:TAU)
  • GoviEx Uranium (TSXV:GXU)
  • Camrova Resources (TSXV:CAV)
  • Renaissance Gold (TSXV:REN)

Here’s a closer look at the factors that moved those companies’ share prices last week.

PNG Gold

PNG Gold is focused on its Normanby and Sehulea exploration licenses on Normanby Island in Papua New Guinea. Normanby includes the company’s flagship Imwauna prospect, the Kelas prospect and several other untested prospects. At Imwauna, gold mineralization ranges from 0.5 meters to 6 meters. Sehulea contains several low-sulfidation epithermal gold deposits that require additional drill testing.

Last week, PNG Gold closed the final tranche of a $1.2-million non-brokered private placement. On the back of the news its share price rose 68.18 percent to reach $0.37. 

Tintina Resources

Tintina Resources is focused on the development and mining of its Black Butte copper project in central Montana. The project has a measured and indicated resource of 1.176 billion pounds of copper at an average grade of 3.4 percent, and an inferred resource of 140 million pounds of copper at an average grade of 2.8 percent.

The company has not released any news since December 2016, when it provided an update on the first phase of permitting for Black Butte. Last week, Tintina Resources’ share price saw a 57.14-percent increase to reach $0.11.

GoviEx Uranium

GoviEx Uranium is focused on the exploration and development of its African uranium properties. Its principal objective is to become a significant uranium producer through the continued exploration and development of its Madaouela project in Niger, its Mutanga project in Zambia and its Falea project in Mali.

The company has released little news in 2017, but last week CEO Daniel Major said at conference in Capetown that the uranium market is showing signs of strength. He believes his company may be able to take Madaouela online by 2020. GoxiEx’s share price rose 54 percent last week to end at $0.39.

Camrova Resources

Camrova Resources, formerly Baja Mining, is engaged in acquiring, exploring and developing resource properties. The company, through Minera y Metalurgica del Boleo, owns an interest in the Boleo copper-cobaltzincmanganese project in Mexico.

On February 3, the company signed a binding letter of intent to invest in a small-scale copper plant in Chile. Last week, its share price increased 52.94 percent to reach $0.26.

Renaissance Gold

Renaissance Gold is a Nevada-based exploration company focused on gold and silver. Its objective is to place projects in exploration earn-in agreements with industry partners. On February 9, the company signed a letter of intent under which Coeur Mining (NYSE:CDE) will provide it with $250,000 a year for two years to conduct grassroots exploration in Nevada.

Last week, Renaissance Gold’s share price ended at $0.45 after rising 44.44 percent over the course of the week.

Data for 5 Top Weekly 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.

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

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

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