5 Top Weekly TSXV Stocks: EnGold Gains on Potential New Discovery

Other top gainers were Karmin Exploration, Commerce Resources, Focus Graphite and Thor Exploration.

weekly TSXV stocks

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed the week almost neutral at 836.27 points–a 0.06 percent increase.

Key global stock markets fell on Friday as investors lowered bets that policies of US President Donald Trump would benefit economic growth, and instead favored assets considered safer such as bonds and gold.

“The market will come to realize that a lot of these pro-growth policies might get pushed to the end of this year or next year and you might have this buyer’s remorse for the market,” said Aaron Clark, portfolio manager at GW&K Investment Management.

Despite this, many stocks were on the rise last week, with gains as high as over 80 percent over the five-day period.

The top five stocks for the week were:

EnGold Mines (TSXV:EGM)

Karmin Exploration (TSXV:KAR)

Commerce Resources (TSXV:CCE)

Focus Graphite (TSXV:FMS)

Thor Explorations (TSXV:THX)

Here’s a closer look at those companies:

EnGold Mines

Engold’s primary focus is on the high grade Aurizon Gold Zone located within the Company’s 100 percent owned, 18,275 hectare Lac La Hache Property, where recent drilling has intersected high gold and copper grades.

In February, the company announced they believe they have made a new discovery at Lac La Hache. EnGold reported that the first drill hole of its 2017 campaign, has encountered a 27 metre intercept of intensely mineralized material.

Over the five-day period, shares of EnGold Mines saw an increase of over 80.65 percent to reach $0.28.

Karmin Exploration

Karmin Exploration is focused on gold and zinc exploration in Brazil and Peru where the company owns interest in several properties, including Aripuana zinc project, Aripuana gold project and Cushuro gold project. In November, Karmin announced developments at the Aripuana zinc project in Brazil.

Last week, shares of Karmin Exploration saw a 75.76 percent increase to reach $0.58.

Commerce Resources

Commerce is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Blue River Tantalum-Niobium Deposit in British Columbia. In February, the company closed a private placement with a total investment of $1 million from Ressources Quebec.

Last week, shares of Commerce Resources saw a 53.85 percent increase to reach $0.10.

Focus Graphite

Focus Graphite is an advanced exploration and development mining company with the goal of becoming a low-cost producer of technology-grade graphite concentrate from its Lac Knife and Lac Tétépisca projects in Québec. Lac Knife is one of the most advanced graphite projects in North America and holds one of the highest-grade flake graphite deposits in the world.

Focus Graphite holds two off-take agreements with Grafoid, a graphene R&D and investment company, to supply it with high-purity graphite for graphene application commercialization with joint venture partners. In February, Grafoid announced the development of the GPURE Membrane Platform consisting initially of six next generation GPURE Graphene-Polymer membrane technologies intended for industrial markets.

Grafoid’s GPURE technologies span a range of scalable industrial applications requiring novel, disruptive solutions to create new products or enhance or supplant existing membrane technologies. Shares of Focus Graphite closed the week out at $0.13–a 30 percent increase over the week.

Thor Explorations

Thor’s Flagship Project is the Segilola Gold Project, located in Osun State Nigeria, which was acquired by the company in August 2016. The Segilola Gold Project is considered Nigeria’s most advanced gold project with an indicated resource of 555,000 ounces grading at 3.8g/t.

In August, the company announced the closing of acquisition of 100 percent of the project and a private placement financing. Last week, shares of the company increased 20 percent to reach $0.15.

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: Focus Graphite 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 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 system.

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 Exploration is focused on the acquisition, exploration and development of gold mineral properties in Canada and Mexico. Its properties include St-Victor, Duverny, Silica East, Silica Amherst and Silica South in Quebec, as well as the La Scie property in Newfoundland and the Chivas property in Mexico.

Last week, Bowmore Exploration’s share price rose 64.71 percent to end at $0.14. The company did not release any news that would explain the increase.

Quaterra Resources

Quaterra Resources is an exploration and development company focused on advancing its Yerington copper projects in Nevada. The company says the Yerington projects have good existing infrastructure, valuable water rights, community support and significant exploration upside.

In January, Quaterra announced plans for a 2017 drill program at the Yerington projects; at least 15 drill holes will be completed, and the aim will be to test targets at the projects. Last week, Quaterra’s share price saw a 50-percent increase to reach $0.15.

Bearing Resources

Bearing Resources is an exploration and development company focused primarily on lithium. Its main interest is the Maricunga lithium brine project, which it says is one of the highest-grade lithium salars in the Americas. The company has an agreement to acquire an undivided 17.7-percent stake in Maricunga from Li3 Energy (OTCMKTS:LIEG).

Last week, Bearing received “significant results” from deep drilling at Maricunga. The news sent the company’s share price up 40.2 percent to reach $1.43.

Stakeholder Gold

Stakeholder Gold is conducting exploration at its Ballarat gold property in BC. The property is southeast of Kinross Gold’s (TSX:K,NYSE:KGC) White gold deposit (840,000 ounces of inferred gold resources) and northeast of Goldcorp’s (TSX:G,NYSE:GG) recently acquired Coffee gold deposit (3 million ounces of indicated gold resources).

At the beginning of February, the company announced its exploration summary for 2016 and plans for 2017. Last week, its share price increased 45.83 percent to reach $0.35.

Abacus Mining & Exploration

Last on the list is Abacus Mining & Exploration, an exploration and development company with a 20-percent interest in the Ajax project in BC. The Ajax project is a proposed copper-gold open-pit mine that is currently in the submission stage of the provincial and federal environmental assessment process.

On February 15, the company signed an option agreement to earn up to a 75-percent interest in the copper-gold Willow property in Nevada. Its share price closed the week at $0.07, up 27.27 percent.

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.

Get the Latest Copper Investing Stock Information

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

Copper - Mine Development
Copper - Prospecting and Exploration
Copper - Resource Definition/Pre Feasibility
Copper - Resource Expansion/Feasibility Study/PEA
Copper- Production/Mining

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