5 Top TSX Stocks: Exchange Dips on Chinese Inflation Data

- October 16th, 2016

Nautilus Minerals led the TSX exchange last week, with Arizona Mining, Mandalay Resources, Nemaska Lithium and Corvus Gold rounding out the top five.

The S&P/TSX Composite index (INDEXTSI:OSPTX) was down again last week, dropping 0.23 percent to 14,585.99 points.
On Thursday, the exchange appeared to be on the rise again, but by Friday it had erased its earlier gains, according to the Globe and Mail.
All that being said, a number of stocks still saw weekly gains over the five-day period.
Companies that were up for the week included:

  • Nautilus Minerals (TSX:NUS)
  • Arizona Mining (TSX:AZ)
  • Mandalay Resources (TSX:MND)
  • Nemaska Lithium (TSX:NMX)
  • Corvus Gold (TSX:KOR)

Here’s a look at those companies:

Nautilus Minerals

Nautilus Minerals–according to its website–is the first company to explore the seafloor for sulphide systems, which is a potential source of high-grade copper, gold, zinc and silver. Nautilus also notes that it is developing a production system using existing technologies adapted from the offshore oil and gas industry to enable the extraction of the high-grade resources.
On October 14, the company announced that it had appointed Stuart MacKenzie is company secretary and legal counsel.
Last week, shares of Nautilus Minerals increased 17.24 percent to close at $0.17.

Arizona Mining

The second top-gaining stock on last week’s TSX is Arizona Mining, whose shares increased 12.6 percent to $2.86.
Currently, the company is focused on the exploration and development of its 100 percent owned Hermosa Project in Arizona. The Taylor deposit is lead-zinc-silver carbonate replacement deposit, which has a resource of 39.4 million tonnes in the inferred mineral resource category.
On October 11, Arizona Mining announced results of an additional five exploration drill holes from its program at the Taylor Deposit.

Mandalay Resources

Mandalay Resources announced its production and sales for the third quarter of 2016 on October 12, noting that it had produced a consolidated 34,586 ounces of gold and sold 35,617 ounces of gold equivalent.
Last week, shares of the company increased 9.68 percent to $1.02.

Corvus Gold

Shares of Corvus Gold spiked by an overall 8.75 percent  last week to $0.87.
The company is a junior exploration and development gold company, with its main focus on advancing its 100 percent owned North Bullfrog project in Nevada. Although there has been no company news related to the share price increase, Corvus Gold’s most recently announced the start of its phase II drill program in September.

Nemaska Lithium

Last but not least on last week’s 5 top TSX stocks is Nemaska Lithium. The company notes that it intends to become a lithium hydroxide supplier and lithium carbonate supplier in the emerging battery market. On October 13, the company reported its drill results eto date on the Whabouchi Lithium project–drilling which concluded on September 16, 2016.
Shares of Nemaska Lithium jumped 7.38 percent over the week to $1.31.
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Data for 5 Top TSX 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 $50 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.
Editorial Disclosure: Nemaska Lithium is a client of the Investing News Network. This article is not paid for content.
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