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Armor Minerals was the top gaining TSXV stock, with Hunt Mining, Azimut Exploration, Centenera Mining and Senator Minerals following behind.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) was down last week by 0.81 percent to 714.40 points.
Overall, the index is up 36.029 percent for 2016. For the period of June 18 2015 to June 17, 2016, it’s up by 33.22, or 4.87 percent.
A number of companies on the TSXV saw strong weekly percentage gains.
The top five gainers for the week were:
- Armor Minerals (TSXV:A)
- Hunt Mining (TSXV:HMX)
- Azimut Exploration (TSXV:AZM)
- Centenera Mining (TSXV:CT)
- Senator Minerals (TSXV:SNR)
Here’s a closer look at those companies:
Armor Minerals
Armor Minerals topped the list last week, making gains of 127.27 percent. Year-to-date, the company’s shares have risen 316.67 overall and currently sit at $0.50.
Last October, Armor Minerals signed a definitive earn-in agreement with Jack’s Fork Exploration to acquire up to 80 percent joint venture interest in the Warmister and Tower Hill gold projects in Virginia. The company’s latest news was released on June 10, wherein they announced a non-brokered private placement for total proceeds of $1 million.
Hunt Mining
Next on the list is Hunt Mining, which operates in Argentina through its wholly owned subsidiary Cerro Cazador S.A. Cerro maintains control of a number of gold, silver and base metal projects.
Hunt Mining released a production update for its Martha Mine on June 7, which includes a 250 tonne per day flotation plant and crushing circuit. There was no new news last week to explain the company’s rise in share price.
Last week, Hunt Mining’s shares made gains of 43.59 percent to $0.28. Year-to-date, however, Hunt Mining’s shares have jumped 1,766.67 percent
Azimut Exploration
Azimut Exploration rose 41.38 percent last week for a jump of $0.12 to $0.41. Year-to-date, the company has steadily inclined by 256.52 percent.
Azimut currently has a gold and base metal portfolio in Quebec. Late in the week, Azimut announced that together with its partners, it had launched a $2 million exploration program on the Eleonore South Property.
Centenera Mining
Centenura Mining is an Argentina-focused company with hard-rock tantalum–lithium pegmatite projects. Most recently, the company announced a re-pricing of a previously announced private placement, increasing from $0.13 to $0.16 per share.
Last week, Centenera’s shares have gained 33.33 percent, a $0.07 increase, to $0.28. Year-to-date, however, the company has made significant gains of 460 percent overall.
Senator Minerals
Last but not least on this week’s TSXV list is Senator Minerals. Over a five-day period, the company’s shares have increased 20 percent to $0.48. The company’s year-to-date increase is much more significant, with 638.46 percent in gains.
Senator has three properties, but most notably, it holds a 100 percent interest in the Rosebud project, a vein-style gold target in Arizona.
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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.
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