G4G Capital was last week’s top gaining TSXV stock for the second week, followed by Great Quest Fertilizer, Halio Energy, Senator Minerals, and American Lithium.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 1.33 percent last week to 800.23 points.
A number of companies on the TSXV saw weekly percentage gains, with the top five ranging approximately from 25 to 64 percent.
Stocks that rose last week were most notably in the precious metals, agricultural, and energy sector.
The top five gainers for the week were:
- G4G Capital (TSX.V:GGC)
- Great Quest Fertilizer (TSX.V:GQ)
- Halio Energy (TSX.V:HOL)
- Senator Minerals (TSX.V:SNR)
American Lithium Corp (TSX.V:LI)
Here’s a closer look at those companies:
First on last week’s top 5 gaining TSXV stocks is G4G Capital, which has now maintained the spot for two weeks in a row.
Formerly G4G Resources, G4G is a mining company engaged in acquiring and exploring mineral properties in various locations, including the Yukon. On September 21, the company signed a purchase agreement for 21 properties, comprising approximately 12,301 quartz claims, located in the White Gold District of the Yukon Territory.
Last week, shares of the company rose 64.44 percent to finish at $0.74.
Great Quest Fertilizer
Great Quest Fertilizer is focused on the development and manufacture of farm-ready fertilizers from African mineral deposits for African agricultural markets.
Last Friday, the company announced that they had started a comprehensive geological program at their Tilemsi phosphate property. The program will include a bulk sample, additional drilling, and a detailed topographical survey for mine planning. The intent of the program is to advance the inferred resource to that of a measured and indicated resource. Great Quest also stated in the press release that the company has recovered large quantities of material from its property in Bourem, North Mali.
Last week, shares of the company increased 42.86 percent to $0.20.
Halio Energy’s shares increased 26.42 percent to finish the week at $0.67.
Halio Energy (formerly Everest Ventures) invests in upstream and producing oil and gas properties. It is engaged in acquiring direct working interests as well as limited partnership, joint venture, and MLP interests in the U.S., Canadian, and South American oil and gas basins.
The newest news from the company was in June, 2016, when it announced that it would change its name.
Fourth on last week’s top 5 TSXV stocks is Senator Minerals, whose shares increased 26.32 percent to $0.72.
The move comes after seven months of negative chart setup, and the company currently has negative earnings.
Senator Minerals is in the business of acquiring, exploring and evaluating mineral resource properties, and either joint venturing or exploring and evaluation these properties further or disposing of them when the evaluation is completed. The company holds interests in the IC Bentonite property in Nevada.
Closing out last week’s top 5 TSXV list is American Lithium, whose shares increased by 25.58 percent to $0.54 last week.
Formerly Menika Mining, American Lithium is an exploration-stage company engaged in the acquisition, exploration and development of lithium deposits throughout the Americas. It holds options to acquire Nevada lithium brine claims totalling over 20,790 acres, including over 18,550 acres in Fish Lake Valley, Esmeralda County, and the 2,240-acre San Emidio Project in Washoe County. It also holds interests in the Reliance property, located near the Historic Bralorne Gold Mine in British Columbia.
Recently, the company announced that started sonic drilling at the North Playa zone of its Fish Lake Valley project. The drill program is designed to collect information on aquifer characteristics and lithium values in aquifer brines in order to support the development of its lithium resources.
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.
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Securities Disclosure: I, Sarah Jamieson, hold no direct investment interest in any company mentioned in this article.
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