The S&P/TSX Venture Composite Index (INDEXTSI:JX) saw a boost increase last week, rising by 14.20 points to 766.36.
Overall, the index is up 45.79 percent for 2016, a spike of 240.70 points total. According to Stockwatch, the TSXV volume was up to 170,942,037, allegedly its biggest since April 2011.
Over a one-year period, the TSXV is up 45.79 percent, or 240.70 points.
A number of companies on the TSXV, including those in the precious metals sector, saw strong weekly percentage gains.
The top five gainers for the week were:
- Jayden Resources (TSXV:JDN)
- Redstar Gold (TSXV:RGC)
- Ascot Resources (TSXV:AOT)
- Rock Tech Lithium (TSXV:RCK)
- Aurvista Gold Corp (TSXV:AVA)
Here’s a closer look at those companies:
Last week, shares of Jayden Resource rose 110 percent to $0.21. The company did not release any additional news regarding its increase.
Next is Redstar Gold, whose shares increased 90 percent to $0.095. Currently, the company is exploring its high-grade 100 percent owned Unga Gold project, initially acquired in 2011.
On July 11, Redstar Gold announced that it had completed the exploration program at its Unga Gold project. The focus of the surface field program at the project was to delineate additional drill targets to expand known mineralization and complete a surface sampling and mapping program along the Shumagin Trend.
Over last week’s five-day period, Ascot’s shares rose 52 percent, a $0.65 increase, to $1.90. Year-to-date, the company has seen gains of 65.22 percent overall. The company is opening up a gold system at the Premier Mine in British Columbia,
Last week, Ascot announced that it had closed the non-brokered private placement of 435,000 units at a price of $1.15 per unit for gross total proceeds of $500,250.00.
Rock Tech Lithium
Next on the list is Rock Tech Lithium, who is focused on its Georgia Lake lithium project in Ontario. On July 5, the company announced that it had closed a private placement consisting of 3,940,000 units at a price of $0.30 each, for gross proceeds of $1,182,00.
Over a five-day period, shares of Rock Tech rose 47.83 percent to $0.68. Its year-to-date increase, however, is much more significant, as the company has made gains of 1,260 percent overall.
Last but not least on last week’s TSXV list is Aurvista Gold. The company’s only asset is the Douay gold project, consisting of 221 wholly owned claims, totaling approximatley 11,430 hectares.
On June 21, Aurvista announced that it had initiated its summer exploration program at the Douay project, following the closing of $1.1 million financing. The news release states the company is planning a two-staged exploration campaign on the project for the period June-September 2016.
For the week, the company’s shares gained 45.45 percent, to finish at $0.32. The company is up 814.29 percent year-to-date.
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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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Top TSXV stocks in recent weeks: