The Conversation (0)
The top gainer on the TSX Venture Exchange this week was Eagle Hill Exploration. It was followed by KazaX Minerals, Bacanora Minerals, Titanium and Euromax Resources.
The TSX Venture Exchange remained steady during Friday trading after declining throughout the week.
However, despite that overall fall, many companies put on good performances this past week. The top gainer was Eagle Hill Exploration (TSXV:EAG), and it was followed by KazaX Minerals (TSXV:KZX), Bacanora Minerals (TSXV:BCN), Titanium (TSXV:TIC) and Euromax Resources (TSXV:EOX).
Eagle Hill Exploration
Eagle Hill Exploration posted the week’s largest gain — a massive 166.67-percent rise brought the company’s share price to $0.80.
The company is focused on developing the Windfall Lake gold deposit in Quebec, Canada, and its share price increase followed the news that Oban Mining (TSX:OBM) will merge with four other gold companies, including Eagle Hill, to create a new miner. The other three companies in on the transaction are Ryan Gold (TSXV:RYG), Corona Gold (TSX:CRG) and Temex Resources (TSXV:TME).
Alongside that announcement, Eagle Hill filed a preliminary economy assessment for its Windfall Lake project. It shows that the project will produce 106,200 ounces of gold annually over 7.8 years.
KazaX Minerals
KazaX Minerals is in the process of finalizing a definitive feasibility study for the Lomonosovskoye deposit in Kostanay, Kazakhstan. The company’s share price rose 37.5 percent this past week, hitting $0.06. However, it has not released any news since April 15, when it said it was in discussions to reschedule a cash payment related to its acquisition of Lomonosovskoye.
Bacanora Minerals
Bacanora Minerals’ share price rose to $1.80 for a 28.57-percent gain this past week. It holds the Magdalena borate project, and is also developing the Sonora lithium project.
The company issued a statement on June 9 acknowledging trading activity that took place June 8, but stating that it did not know the reason behind it. The next day, news surfaced that Rare Earth Minerals (LSE:REM) had increased its stake in Bacanora to 16.41 percent from 15.93 percent.
Titanium
Titanium has created technology that allows organizations to recover bitumen, solvent, water and heavy minerals from oil sands waste tailings. The company’s share price rose 26.36 percent this week to hit $1.39; however, on June 9 the company issued a statement indicating that it was unaware why there was an increase in market activity on June 8.
Euromax Resources
Exploration and development company Euromax Resources has two gold and base metals projects in Macedonia and Serbia. The company did not release any news this week to explain its 20.55-percent share price rise to $0.44.
Data for TSXV Top 5 articles is retrieved and reported each Friday. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included.
Related reading:
5 Top TSXV Stocks: Great Quest Fertilizer Rises 60 Percent
5 Top TSXV Stocks: Karmin Exploration and Golden Dawn the Top Gainers
5 Top TSXV Stocks: Arena Minerals and True Gold Up Over 25 Percent
