5 Top TSXV Stocks: Tirex Resources Gains 93 Percent
Tirex Resources was the top gaining stock for the week, followed by Los Andes Copper, Antioquia Gold, Largo Resources and Goldstrike Resources.
It was a short week for the TSX Venture exchange ahead of the Christmas holiday. The S&P/TSX Venture Composite index (INDEXTSI:JX) was touched by the Christmas spirit, rising 2.9 percent to finish at 516.83 points, its highest close since December 4.
Several resource focused companies saw their share prices rise as well. Tirex Resources (TSXV:TXX) was the top gaining stock for the week, followed by Los Andes Copper (TSXV:LA), Antioquia Gold (TSXV:AGD), Largo Resources (TSXV:LGO) and Goldstrike Resources (TSXV:GSR).
Shares of Tirex gained 93.75 percent this week to close at $0.155. The junior mining company is focused on bringing forward its Mirdita project in Albania, which it believes has the potential to become a major volcanic massive sulphide (VMS) base metal mining district.
On December 10. Tirex announced it would begin field work at its Rehova copper project, also in Albania. However, there has been no further news from the company to explain this week’s rise in share price.
Los Andes Copper
Exploration and development company Los Andes Copper is focused on advancing its Vizcachitas porphyry copper-molybdenum project, located 130 kilometers north of Santiago, Chile. Los Andes closed the second tranche of a private placement for $305,569 on December 1. However, there has been no additional news that would explain the rise in share price for the company this week. Shares of Los Andes were up 75 percent this week, finishing at $0.14.
Antioquia gained 50 percent this week to close at $0.09 per share. The junior mining company is focused on developing its Cisneros property in Colombia. On December 3, Antioquia announced the appointment of Felipe Ferraro as the company’s new president and CEO. However, there has been no further recent news to explain this week’s share price rises.
Largo Resources was the top gaining stock on the TSXV last week, and the vanadium mining company continued to rise this week. Shares of Largo gained 47 percent to finish at $0.28 on Thursday. The company recently rose on news that it had signed an indicative term sheet with its existing lenders, along with a restructuring agreement for its export credit facilities. However, the company did not put out any additional news this week to explain the boost in share price.
Finally, Goldstrike Resources saw its share price gain 45 percent this week to finish at $0.145 on news that the company would be acquired by Petro One Energy (TSXV:POP). The arrangement was previously announced on November 12, and on Tuesday, it was announced that the deal had been conditionally accepted by the TSX Venture Exchange.
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.
Editorial Disclosure: Los Andes Copper is a client of the Investing News Network. This article is not paid for content.
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