Northern Lion Gold topped last week’s TSXV list, followed by Vendome Resources, Frontier Lithium, Serengeti Resources and CanAlaska Uranium.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) dropped 0.92 percent last week–a loss of 7.17 points–to close the five-day period at 773.02 points.
However, a number of stocks saw weekly percentage gains, with the top five ranging from 25 to 41 percent over the five-day trading period.
The top five gainers for the week were:
- Vendome Resources (TSXV:VDR)
- Frontier Lithium (TSXV:FL)
- Serengeti Resources (TSXV:SIR)
CanAlaska Uranium (TSXV:CVV)
Here’s a closer look at those companies:
Northern Lion Gold
First on last week’s top 5 TSXV stocks is Northern Lion Gold, a Canadian mineral exploration company engaged in acquiring, exploring and developing mineral properties principally gold, copper, zinc, lead, and silver in Europe.
Shares of the company increased 41.67 percent and closed the week at $0.17.
Vendome Resources is a public mining exploration company engaged in the exploration, development and extraction of strategic minerals for use in the electro-voltaic industry.
Over the week, shares of the company increased 37.14 percent to $0.24.
Third on last week’s top 5 TSXV stocks is Frontier Lithium, a specialized mining exploration company actively engaged in the acquisition, exploration and development of hard rock, high grade, multi-element rare metal resource properties. The company’s shares rose 37.04 percent over the week to $0.37.
On September 13, Frontier Lithium announced plans to commence a Phase II Metalurigical Study on its PAK Lithium Project. However, there has been no further recent news from the company to explain last week’s rise in share price.
Next on the list is Serengeti Resources, a Canadian junior mineral exploration company focused on development of its Kwanika Copper-Gold project and exploration for gold and copper porphyry deposits in the Quesnel Trough and Stikine Arch of British Columbia. Its shares increased 26.92 percent and closed the week at $0.165.
Serengeti Resources reported the results of a recently completed drilling program on its Kwanika copper-gold resource stage project on September 22. However, there has been no further recent news from the company to explain last week’s rise in share price.
Closing out last week’s top 5 TSXV stocks is CanAlaska Uranium, who since 2004 has focused on uranium exploration in Canada’s Athabasca Basin and surrounding region.
On October 3,CanAlaska reported that summer drilling at the West McArthur project in the Athabasca Basin, Saskatchewan, was completed. However, there has been no further recent news from the company to explain last week’s rise in share price.
Shares of CanAlaska Uranium increased 25 percent and closed the week at $0.5.
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, Cynthia Minh, hold no direct investment interest in any company mentioned in this article.
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