5 Top TSXV Stocks: Morien Resources Rises 22 Percent

The S&P/TSX Venture Composite index (INDEXTSI:JX) fell slightly last week, closing down 0.63 percent at 520.65 points. Overall, the exchange has lost 25 percent in the past six months.
Still, a number of junior resource stocks gained last week. Morien Resources (TSXV:MOX) was the top riser for the week, followed by Northquest (TSXV:NQ), Fission 3.0 (TSXV:FUU), Crystal Peak Minerals (TSXV:CPM) and Asian Mineral Resources (TSXV:ASN).

Morien Resources

Morien Resources holds royalties on the Donkin coal project in Nova Scotia and the Black Point aggregate project, also in Nova Scotia. On November 13, an article appeared in the Cape Breton Post stating that Nova Scotia’s minister of transportation and infrastructural renewal isn’t worried about the Donkin project going ahead despite low coal prices. There was no news last week to explain the rise in share price for the company. Morien’s share price was up 22 percent for the week to end at $0.22.

Northquest

Northquest is focused on the Pistol Bay gold project in Eastern Nunavut, Canada. The company released drill results from Pistol Bay on October 26, with highlights including an intercept of 24 meters grading 2.95 g/t gold at the Vickers target. Northquest’s share price was up 18.42 percent, at $0.225, to close the week. There has been no further news from Northquest that would explain that increase in share price.

Fission 3.0

Uranium project generator Fission 3.0 saw its share price rise 16.67 percent, to $0.07, last week. The company is headed by Dev Randhawa and Ross McElroy, the same team that runs Fission Uranium (TSX:FCU). On October 21, Fission 3.0 reported the extension of its option agreement with Canex Energy (TSXV:CSC) for its Clearwater West property. There has been no further news to explain the rise in share price for the company.

Crystal Peak Minerals

Last week, Crystal Peak Minerals’ share price was up 14.71 percent, to $0.195. The company is focused on developing its sulfate of potash project in the Sevier Playa in Utah. There has been no recent news from the company that would explain last week’s rise in share price.

Asian Mineral Resources

Rounding out the list, Asian Mineral Resources was up 14.29 percent to end at $0.04 last week. The company holds the Ban Phuc nickel mine and exploration project in Vietnam, and reported strong Q3 operational results on October 28. Mill recoveries exceeded targets, and C1 unit operating costs came in below guidance. However, concentrate sales were lower than forecasted due to shipping delays. There has been no further news from Asian Mineral Resources to explain last week’s share price rise.
 
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, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
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