The top gainers on the TSXV last week were Aguia Resources, Itafos, Desert Gold, PetroFrontier and Reunion Gold.
Last Friday (July 12), the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell by 5.04 points to 575.36, down 0.87 percent.
On the TSXV, juniors in the fertilizer industry were leading the pack. Here are the top five gainers from last week:
- Aguia Resources (TSXV:AGRL)
- Itafos (TSXV:IFOS)
- Desert Gold (TSXV:DAU)
- Petrofrontier (TSXV:PFC)
- Reunion Gold (TSXV:RGD)
Read on to find out what each company has been up to.
Aguia Resources is focused on developing phosphate assets in Rio Grande do Sul, Brazil. The Rio Grande deposits are the Três Estradas, Joca Tavares and Porteira carbonatite-hosted phosphate assets and the Cerro Preto sediment-hosted phosphate property. The company also holds interests in the Lucena phosphate project and the Rio Grande Copper Belt.
Aguia’s most recent news, released on July 4, was the closing of a private placement, which netted proceeds of AU$2,535,394.80.
By the end of last week, Aguia was trading at C$0.14 on the TSXV, with its share price up by 40 percent.
Another phosphate-focused company, Itafos is a vertically integrated fertilizer company with seven projects spread across Idaho, Brazil, Guinea Bissau and Peru.
Itafos’ most recent news was in late June, when it announced the successful completion of a plant turnaround at its Itafos Conda project, returning a clean bill of health for the facility. The same facility also achieved record monoammonium phosphate production in May with 34,288 tonnes produced.
In Toronto, Itafos was up by 32 percent by Friday, trading at C$1.32.
Africa-focused explorer Desert Gold has assets in Mali and Rwanda, where it is searching for gold.
In mid-June, Desert Gold released an exploration update detailing plans for drilling at the Senegal Mali Shear Zone project in 2019.
The company was up by 23.33 percent on the TSXV last week, reaching C$0.185 by Friday.
There has been no recent news from the company, but in April, it released its annual financial statements for 2018 on SEDAR, and also revealed that it had signed a term sheet with a corporation controlled by one of its directors that will give PetroFrontier a credit facility of up to C$2 million.
The company was up by 23.08 percent on the TSXV last week, trading at C$0.08.
Reunion Gold is focused on exploring gold deposits on the Guinea Shield in Northern South America, with projects in Guyana and French Guiana.
In early July, the company announced it would extend the deadline for the closure of a private placement intended to raise money for its operations.
Reunion was trading at C$0.24 by last Friday, up by 23.08 over the previous five days.
Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using TradingView’s stock screener. Only companies with market capitalizations greater than C$10 million prior to the week’s gains are included. Companies within the basic materials and energy sectors are considered.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.