Copper stocks Kincora Copper and Highland Copper Company were on top, followed by Elcora Advanced Materials, Spanish Mountain Gold, and Critical Elements.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) declined by 2.11 percent last week and plunged to 727.91 points at market close on Friday.
The surprising US elections result last week has sent the markets on a rollercoaster ride following uncertainty around the Trump presidency.
Although the index was down last week, these stocks saw percentage gains over the trading week.
The top five mining gainers for the week were:
- Kincora Copper (TSXV:KCC)
- Highland Copper Company (TSXV:HI)
- Elcora Advanced Materials (TSXV:ERA)
- Spanish Mountain Gold (TSXV:SPA)
- Critical Elements (TSXV:CRE)
Here’s a closer look at those companies:
Kincora Copper is this week’s highest gainer. Kincora Copper is in the business of acquisition, exploration and development particulary on copper-gold projects in Mongolia. In early November, Kincora Copper announced that all approvals for the IBEX transaction were received, which means Kincora now holds the largest portfolio of copper-gold and gold targets in Mongolia.
Shares of the stock have gained 19.35 percent over the last five days and ended the week at $0.37 per share.
Highland Copper Company
Highland Copper Company is an exploration and development company focused on copper projects in Michigan, USA. There has been no recent news from the company to explain last week’s rise in share price.
Shares of Highland Copper Company gained 16.67 percent over the five day trading period and ended the week at $0.14 per share.
Elcora Advanced Materials
Elcora is a vertically-integrated graphite and graphene company. Elcora sources its graphite from its interest in the operation of the Ragedara mine in Sri Lanka. Elcora Advanced Materials gained 12.90 percent over the five day trading period and ended the week at $0.35 per share.
Spanish Mountain Gold
Spanish Mountain Gold is exploring for gold in BC, Canada. The company bills its flagship property, “Spanish Mountain Project,” as one of the first recognized occurrences of a sediment “hosted” gold system in British Columbia.
Shares of Spanish Mountain Gold gained 9.09 percent over the last five days and ended the week at $0.12 per share. Year-to-date, shares have gained 300 percent.
Fifth on the list is resource exploration company Critical Elements, which is advancing the Rose lithium-tantalum project in Quebec, Canada. In early November, the company initiated bulk sampling and pilot work for the Rose deposit.
Shares of Critical Elements gained 6.38 percent and ended the five day trading period at $0.50 per share. Year to date, the stock has gained 170.27 percent.
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, Pia Rivera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Critical Elements is a client of the Investing News Network. This article is not paid-for content.
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