5 Top Weekly TSXV Stocks: LSC Lithium Rides PEA Boost

- December 30th, 2018

In the last full week of the year, LSC Lithium, Westhaven Ventures, M2 Cobalt, Angkor Gold and Wolfden Resources were the TSXV’s top gainers.

Last Friday (December 28), the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 8.8 points, or 1.64 percent, to reach 546.08 points.

While the US ends the year grinding into shutdown, commodities were a mixed bag with gold on its way back up as the greenback weakens while base metals lurch across the finish line thanks to a 6-month beating from the trade war.

With all that in mind, here INN takes a look at the top five gainers on the TSXV last week.

Read on to find out what each company has been up to recently.

LSC Lithium

Argentina-focused Canadian company LSC Lithium maintains a hefty portfolio of lithium brine projects with land holdings over 300,000 hectares within the lithium triangle in South America.

The company’s most recent release was what it called a positive preliminary economic assessment (PEA) from one of its major projects; the Pozuelos-Pastos Grandes project in Argentina.

The PEA envisaged a mine life of at least 20 years beginning in 2021, for an annual production rate of 20,000 tonnes of battery grade lithium carbonate.

While the news was from the start of the month, last week on the TSXV, LSC’s share price increased by 57.33 percent to C$0.59.

Westhaven Ventures

Westhaven Ventures is a gold explorer focused on three projects in a line in the Spences Bridge gold belt of Southern BC. It currently has the Prospect Valley, Shovelnose and Skoonka Creek projects on the boil.

The company’s most recent news was the completion of drilling at its Shovelnose project on December 19 with gold intersected in multiple holes, and results on voting at Westhaven’s annual general meeting on December 21.

In Toronto, Westhaven’s share price increased by 32.35 percent to C$1.35.

M2 Cobalt

M2 Cobalt is a cobalt exploration company which describes itself as having launched a major work program across all its highly prospective cobalt properties in Uganda with the goal of discovering world class assets which can help meet the ongoing growth in demand for cobalt globally.

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M2’s most recent release is from late November, when it announced it was continuing to expand on key targets that form part of its previously discovered sediment-hosted cobalt-copper play at Bujagali in Uganda.

On the TSXV last week the company’s share price was up 32.35 percent, reaching C$0.225 by Friday.

Angkor Gold

Angkor Gold describes itself as Cambodia’s premier mineral explorer and project generator with more than 30 prospects across five licenses covering a 983-square kilometer land package.

Angkor’s most recent news was from mid-December, when it announced sampling and mapping results from its Banlung property which included a 13.95 gram per tonne gold grab.

Last Friday, Angkor’s share price was at C$0.15 after rising 25 percent through the week.

Wolfden Resources

Canadian explorer and developer Wolfden holds a 100-percent interest in the Pickett Mountain project in Maine, which is a zincleadcopper project that it touts as one of the highest grade volcanogenic massive sulfide deposits in North America.

In mid-November, the company announced additional infill drill results at the project, with one hole returning 19.8 percent zinc-lead-copper, and another returning 27.2 percent.

On the TSXV last week, Wolfden’s share price increased by 24.32 percent, reaching C$0.23 by Friday.

Data for 5 Top TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using tradingview.com. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the basic materials and energy sectors are considered.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Angkor Gold and M2 Cobalt are clients of the Investing News Network. This article is not paid-for content.

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