Rock Tech listed on the Frankfurt Stock Exchange last week, while Azimut found a new gold target at the Eleonore South property.
Last week, the S&P/TSX Venture Composite index (INDEXTSI:JX) closed fairly flat at 581.41 points, up 0.33 points.
The top gainer on the exchange was Rock Tech Lithium (TSXV:RCK), and it was followed by Azimut Exploration (TSXV:AZM) and Northern Graphite (TSXV:NGC). The fourth- and fifth-places spots on this week’s list are a toss up as Cypress Development (TSXV:CYP), Uragold Bay Resources (TSXV:UBR), American Creek Resources (TSXV:AMK) and Gold Bullion Development (TSXV:GBB) all gained the same amount.
Rock Tech Lithium
As mentioned, last week’s biggest gainer on the TSXV was Rock Tech Lithium. The company, which holds the Georgia Lake lithium project in Ontario, saw its share price gain 65.22 percent to end at $0.19. During the period, Rock Tech announced that its shares have been listed on the Frankfurt Stock Exchange under the symbol RJIB.
Just behind Rock Tech, Azimut Exploration gained 65 percent last week to end at $0.33. The increase came after the company said that it’s identified a “highly prospective gold target” at the Quebec-based Eleonore South property, which is a joint venture between Azimut, Goldcorp (TSX:G,NYSE:GG) subsidiary Les Mines Opinaca and Eastmain Resources (TSX:ER). The target was identified after public data was reanalyzed.
Northern Graphite’s share price rose a more modest — but still impressive — 35.9 percent last week to reach $0.53. The company holds the Ontario-based Bissett Creek deposit, and last week announced plans to partner with five other graphite companies on spherical graphite development. More specifically, the companies will jointly acquire a micronizing and spheronizing mill to produce spherical graphite.
As mentioned, a slew of other companies all gained the same amount (33.33 percent) last week, tying for the fourth and fifth places on this list. Here’s a very brief overview of those companies and what happened to them last week.
Cypress Development’s share price ended last week at $0.08. During the period, the zinc– and lithium-focused company closed a non-brokered private placement of 6 million units priced at $0.05 each. Net proceeds came to $300,000.
Uragold Bay Resources, which is focused on high-purity quartz and gold exploration, closed at $0.16 last week. Its gain came after it announced that it’s started testing its process to convert high-purity quartz to solar-grade silicon metal.
American Creek Resources holds gold and silver projects in British Columbia, and last week its share price ended at $0.06. Its share price increased after it acquired the Silvershot silver property.
Finally, Gold Bullion Development’s share price closed last week at $0.10. The company is focused on its Granada gold property in Quebec, and like Cypress Development, last week closed a private placement. It raised gross proceeds of $920,137.15.
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, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
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