Antioquia Gold was the top-gaining stock for the week, followed by Goldsource Mines, Bacanora Minerals, Terraco Gold and Pacific Booker Minerals.
The S&P/TSX Venture Composite index (INDEXTSI:JX) kept falling last week, losing 5 percent, or 25 points, to finish the week at 488.96 points.
Still, a number of companies from the resource sector still saw their share prices rise. Antioquia Gold (TSXV:AGD) was the top-gaining stock for the week, followed by Goldsource Mines (TSXV:GXS), Bacanora Minerals (TSXV:BCN), Terraco Gold (TSXV:TEN) and Pacific Booker Minerals (TSXV:BKM,AMEX:PBM).
Antioquia Gold is focused on developing its flagship Cisneros gold project in Colombia. Last week, the company’s share price rose 28 percent, to $0.09. On December 3, Antioquia appointed Felipe Ferraro as its new president and CEO. However, there has been no further news from the company that would explain its rise in share price.
Shares of Goldsource Mines gained 21.74 percent last week to finish at $0.28. The company is working to develop its Eagle Mountain gold project in Guyana, but also holds the Border coal project in Saskatchewan. Eagle Mountain is currently under construction, and Goldsource reported on December 15 that construction of Phase 1 of the project was nearing completion. There has been no additional news from the company to explain the rise in share price last week.
Bacanora Minerals was a favourite for market watchers last year, especially after it announced a conditional lithium supply agreement with Tesla Motors (NASDAQ:TSLA) in August. So far, that positivity is continuing this year; shares of Bacanora gained 16 percent last week to finish at $1.74. The company stated on December 8 that it was in the process of negotiating a number of letters of intent, memoranda of understanding and other agreements with potential partners. There has been no further news to explain the company’s rise in share price last week.
Terraco Gold was up 15.79 percent last week to end at $0.11. The company holds a gold royalty and royalty option on the Spring Valley project in Nevada, and controls the Moonlight exploration project adjacent to Spring Valley. It also holds the Nutmeg Mountain/Almaden gold project in Idaho. Terraco completed a $600,000 private placement in July, but has not put out any recent news to explain its rise in share price last week.
Pacific Booker Minerals
Rounding out the top five, Pacific Booker saw its share price rise 15 percent to finish at $2.30 last week. The company holds the advanced-stage Morrison copper-gold project in British Columbia, which was ordered to undergo further assessment in July 2015. That happened after the company won the right to have its proposal reconsidered in 2013 after seeing it rejected in 2012. There has been no news from Pacific Booker this week that would explain its 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.
Editorial Disclosure: Pacific Booker Minerals is a client of the Investing News Network. This article is not paid-for content.
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