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The top gaining TSXV stock last week was Rambler Metals and Mining PLC, followed by Constantine Metal Resources, Engold Mines, Foran Mining and Renaissance Gold.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) was down last week, falling 1.7 percent to 734.58 points.
Ever since Donald Trump was elected president on November 8, markets have been on a roller coster ride.
Despite the exchange being down, companies on the index saw weekly percentage gains over the five-day trading period, with some gains reaching almost 31 percent.
The top five stocks for the week were:
- Rambler Metals and Mining PLC (TSXV:RAB)
- Constantine Metal Resources (TSXV:CEM)
- Engold Mines (TSXV:EGM)
- Foran Mining (TSXV:FOM)
- Renaissance Gold (TSXV:REN)
Here’s a closer look at those companies:
Rambler Metals and Mining
Topping last week’s 5 top TSXV stocks is Rambler Metals and Mining, a junior mining company that has 100 percent ownership of the Ming Copper–Gold Mine in Baie Verte, Newfoundland and Labrador. Most recently, it received a $2 million loan from Canada’s federal government to increase its copper concentrator production from 650 to 1,250 tonnes per day.
Over the five-day period, shares of Rambler Metals and Mining PLC saw an increase of almost 31 percent to reach $0.15.
Constantine Metal Resources
Next on the list is Constantine Metal Resources, a company engaged in the exploration and development of several exploration properties including Palmer Project, a copper-zinc-gold-silver massive sulfide advanced exploration project in southeast Alaska. Earlier this year the company was granted permission to extend about 35 miles northwest of Haines.
Last week, shares of the company increased 29.41 percent to reach $0.11.
EnGold Mines
EnGold Mines, based in British Columbia, targets gold, copper and silver exploration. EnGold’s primary project is the high grade Aurizon Gold Zone located within Lac La Hache Property in BC’s Cariboo region.
The company does not have any news regarding its share price increase, but it recently announced finding new intersections of high gold, silver and copper values and new visible-gold-bearing quartz veins.
Foran Mining
Foran Mining, a Vancouver based company, is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing central Canada’s Hanson Lake VMS Camp and has approximately six properties in Saskatchewan.
Last week, shares of Foran Mining saw a 25.58 percent increase to reach $0.27.
Renaissance Gold
Last but not least on the 5 top gaining TSXV stocks for the five-day period is Renaissance Gold, a gold/silver-focused exploration company. The Company is engaged in the acquisition and exploration of mineral properties located in Nevada and Utah.
Shares of Renaissance Gold closed the week out at $0.48–a 21.25 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, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
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