5 Top Weekly TSXV Stocks: Yellowhead Rides Takeover Wave

Last Friday (December 7), the S&P/TSX Venture Composite Index (INDEXTSI:JX) stayed well below 600 points, languishing at 570.96 points, 4.88 points up on the previous day.

In commodities, gold was well up near a five-month peak while base metals continued to plod along uneventfully.

Here the Investing News Network has had a look at how the juniors are faring on the TSXV, with the top five gainers featured below. Read on for an update on what they’ve been up to recently.

• Yellowhead Mining (TSXV:YMI)
• CGX Energy (TSXV:OYL)
• Monument Mining (TSXV:MMY)
• Focus Graphite (TSXV:FMS)
• Quaterra Resources (TSXV:QTA)

Yellowhead Mining

Canadian Yellowhead Mining didn’t release any of its own news last week, but it was the subject of another miner’s big news when Taseko Mines (TSX:TKO) announced it was going to acquire Yellowhead for C$15.1 million on Tuesday (December 4).

Yellowhead is the owner of the Harper Creek copper-gold–silver project in British Columbia, which was highlighted by Taseko as a “high quality asset” to add to its portfolio of advanced-stage projects.

According to Yellowhead’s feasibility study for the project, Harper Creek would produce an average of 170 million pounds of copper for the first three years of production.

On the TSXV, Yellowhead was up by 115 percent this week to C$0.86, while over on the TSX Taseko was down 3.45 percent to C$0.84.

CGX Energy

Oil and gas explorer CGX Energy has assets in the Guyana-Suriname basin of South America where it holds three licenses, two offshore and one onshore.

The company says the basin is a good place to be working, claiming its 15th in the world for undiscovered oil and gas potential, with 117 fields that have over a million barrels of recoverable oil, 24 fields with over 100 million barrels, and 6 fields with over 500 million barrels.

While CGX hasn’t released any news since late October, the company’s most recent release was an announcement it had agreed to settle liabilities owed to Japan Drilling, making a payment of US$7,904,036.88 in order to fully satisfy all liabilities.

Last week on the TSXV, CGX was trading up 76 percent at C$0.44.

Monument Mining

Canadian developer and miner Monument Mining has three projects across Malaysia and Australia: Selingsing, Murchison and Mengapur.

Its most recent news was the release of its September 30 fiscal quarter financial results, posting an increase in its financials across the board from income to revenue to working capital compared to the same time last year. The company also reported a minor decrease in gold production, but a hefty increase in gold sold.

On the TSXV, Monument Mining proved that gold increasing in value was good news for juniors, with the company’s share price up 44.44 percent to C$0.065.

Focus Graphite

Focus Graphite is an advanced exploration and development mining company with the goal of becoming a low-cost producer of battery-grade graphite and value added battery products from its Lac Knife project in Québec.

The company describes Lac Knife as one of the most advanced graphite projects in North America, holding one of the highest grade flake graphite deposits in the world.

It’s most recent release was in late November, spruiking the news that its graphite was being tested by major battery companies.

In Toronto, Focus Graphite’s share price was up 42.86 percent last week to C$0.05.

Quaterra Resources

Copper explorer Quaterra Resources has a number of projects in the Yerington district of Nevada — home of Nevada Copper’s (TSX:NSU) construction-stage Pumpkin Hollow copper project(s).

Quaterra Resources’ assets in the district consist of the MacArthur deposit, the Yerington deposit and the Bear deposit; all of which are 100-percent owned by Singatse Peak Services — a wholly-owned subsidiary of Quaterra.

Quaterra didn’t release any news last week (or since September), but on the TSXV it was trading up 40 percent at C$0.07.

Data for 5 Top TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using tradingview.com. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the basic materials and energy sectors are considered.

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Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Focus Graphite and Nevada Copper are clients of the Investing News Network. This article is not paid-for content.