5 Top TSX Stocks: Exchange Increases on Higher Oil Prices

- October 2nd, 2016

Nevada Copper was the top gaining stock last week, with Nemaska Lithium, Nautilus Minerals, Royal Nickel, and Treasury Metals rounding out the list.

The S&P/TSX Composite index (INDEXTSI:OSPTX) was up last week, increasing 0.62 percent to 14,725.98 points.
While the index was up, the Toronto Star noted that it was still lower as the US indexes rallied. Earlier in the week, on Wednesday, CBC reported that the exchange–and the loonie–were higher as  agreement by OPEC helped boost oil prices.
All that being said, a number of stocks increased over the week, particularly in the copper and lithium sectors.
Companies that were up for the week included:

Here’s a look at those companies:

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Nevada Copper

First on last week’s 5 top TSX stocks is Nevada Copper, who owns 100 percent of the Pumpkin Hollow Copper Development Property in Nevada. The Pumpkin Hollow is an advanced stage development copper property with substantial reserves and resources including copper, gold, silver, and iron.
Over the five-day period, shares of Nevada Copper increased 14.29 percent to close the week at $0.64.

Nemaska Lithium

Following Nevada Copper on last week’s 5 top TSX stock is Nemaska Lithium, who rose 12.58 percent over the five-day period to $1.58.
The company intends to become a lithium hydroxide supplier and lithium carbonate supplier in the ever-growing lithium battery market. Nemaska Lithium’s most recent news released on its website was on September 6 wherein it had discovered a new mineralized zone at the Whabouchi project.

Nautilus Minerals

Nautilus Minerals sat directly in the middle of the pack last week with its shares increasing 10.34 percent to $0.16.
According to its website, the company is the first to commercially explore the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver. On September 23, Nautilus announced it will hold an Extraordinary General Meeting October 26, 2016.

Royal Nickel

Next is Royal Nickel, a company that aspires to be successful through the acquisition and development of a high-quality portfolio of base and precious metal assets. On September 26, the company announced that Eric Sprott beneficially now owns, through his holding company 2176423 Ontario Ltd., approximately 10 percent of the issued and outstanding shares of Royal Nickel.
Last week, shares of the company rose 8.86 percent to $0.43.

Treasury Metals

Last but not least on last week’s 5 top TSX stocks is Treasury Metals, whose shares increased 8.7 percent to $0.75. 
Currently, the company is a gold exploration and development company focused on mineral projects in Ontario. Most recently, Treasury Metals announced it had added a second drill at the Goliath gold project.
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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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