The index was on the rise last week after falling the week before due to the US election.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) was back on top last week, rising 0.57 percent to reach 746.57 points.
Ever since Donald Trump was elected president on November 8, markets have been on a roller coster ride, and the Canadian dollar has also fallen as investors look to buy into the US economy.
That being said, companies on the venture exchange also saw weekly percentage gains over the five-day trading period, with some gains reaching 60 percent.
The top five stocks for the week were:
- American CuMo Mining (TSXV:MLY)
- Aurora Cannabis (TSXV:ACB)
- Karmin Exploration (TSXV:KAR)
- American Manganese (TSXV:AMY)
- Crystal Peak Minerals (TSXV:CPM)
Here’s a closer look at those companies:
American CuMo Mining
Topping last week’s 5 top TSXV stocks is American CuMo Mining who, according to its website has discovered one of the largest deposits of molybdenum, copper and silver in Idaho. The company has a 100 percent interest in the CuMo project. Most recently, American CuMo announced the signing of an agreement for a significant silver-copper property in Idaho.
Over the five-day period, shares of American CuMo saw an increase of 60 percent to reach $0.16.
Next on the lis tis Aurora Cannabis, who is focused on cultivating, harvesting and selling medicinal marijuana in Canada.
Last week, shares of the company increased 53.77 percent to reach $3.26. Although there has been no news regarding its share price increase, Aurora’s most recent news came on November 10 when it announced that its subsidiary, CanvasRx, had surpassed 13,000 registered patients.
Karmin Exploration’s focus is on gold and zinc exploration in South American–particularly in Brazil and Peru. Shares of the company over last week’s five day period increased 42.31 percent to reach $0.37.
The company does not have any news regarding its share price increase, however on November 16 it announced that significant progress had been made at its Aripuana Zinc project in Brazil.
American Manganese is focused on its Artillery Peak property in Arizona, which is allegedly the biggest manganese deposit in the Southwest US. On November 10, the company announced that Phase 3 successful completion for upcycling and recycling EV lithium-ion battery coin cells can successfully be produced.
Last week, shares of American Manganese saw a 31.11 percent increase to reach $0.295.
Crystal Peak Minerals
Last but not least on the 5 top gaining TSXV stocks for the five-day period is Crystal Peak Minerals, a development-stage pre-revenue potash company.
Shares of Crystal Peak Minerals closed the week out at $0.35–a 22.81 percent increase over the week.
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.
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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure:American CuMo Mining and American Manganese are clients of the Investing News Network. This article is not paid-for content.
Top TSXV stocks in recent weeks:
5 Top TSXV Stocks: Copper Stocks on Top
5 Top TSXV Stocks: Gold Stocks Rally
5 Top TSXV Stocks: Gold Stocks on the Move
5 Top TSXV Stocks: Northern Lion Gold Tops the List
5 Top TSXV Stocks: Patriot One Technologies Boosts Over 400 Percent
5 Top TSXV Stocks: G4G Capital Tops the List For Second Week