Last week, the top-gaining mining stock on the TSXV was Romios Gold. It was followed by Metanor Resources, Lowell Copper, Crystal Peak Minerals and Lupaka Gold.
The S&P/TSX Venture Composite index (INDEXTSI:JX) was down early last week, but popped back up Thursday to finish the week up 0.7 percent overall. The index is currently sitting at 580.82 points, up 10.41 percent year-to-date.
A number of companies from the mining sector saw significant share price gains last week. Topping the list was Romios Gold (TSXV:RG), and it was followed by Metanor Resources (TSXV:MTO), Lowell Copper (TSXV:JDL), Crystal Peak Minerals (TSXV:CPM) and Lupaka Gold (TSXV:LPK).
Romios Gold is focused on advancing its Newmont Lake and Trek projects in British Columbia’s Golden Triangle, and holds a number of other prospective projects in Nevada, Quebec and Ontario. On January 5, Romios announced the appointment of a new chief financial officer; there has been no further news that would explain last week’s rise in share price. Romios Gold was up 75 percent last week to end at $0.07 per share.
Shares of Quebec-based gold producer Metanor Resources gained 50 percent last week to reach $0.105. The company highlighted an intercept of 9.2 g/t gold over 6.4 meters at its Moroy project earlier this month, and announced on March 7 that it has retained GoldMinds Geoservices for a mineral resource update for its Barry project. There has been no further news from the company that would explain last week’s share price rise.
Shares of Lowell Copper were up 38.89 percent last week to close at $0.25. Headed by David Lowell, one of the world’s most successful exploration geologists, the company is focused on its Warintza project in Ecuador and its Ricardo exploration prospect in Chile. On March 10, Lowell announced an increase to its previously announced private placement financing. There has been no further news to explain last week’s share price rise.
Crystal Peak Minerals
Last Wednesday, Crystal Peak Minerals completed all the fieldwork needed for the feasibility study for its Sevier Playa project in Southwestern Utah. The company said that based on positive findings from its fieldwork, it will continue with the remaining phases of the feasibility study, and with permitting for the mine. Crystal Peak gained 33.33 percent last week to trade at $0.24 per share.
“This is the most significant milestone we have achieved since being awarded the concession on the Sevier Playa in 2011,” said Lance D’Ambrosio, Crystal Peak’s CEO, in a statement. “These very positive results provide Crystal Peak with the catalyst needed to push forward with the final pre-construction activities.”
Finally, shares of Lupaka Gold were up 33.33 percent to end at $0.16 last week. The gold explorer owns the Invicta and Crucero gold projects in Peru, and also holds an option to earn a 65-percent interest in the Josnitoro gold project. On February 22, the company reported results from its second run-of-mine bulk test using material from the Atenae vein at its Invicta project. There has been no further news that would explain last week’s rise in share price.
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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