The S&P/TSX Venture Composite Index (INDEXTSI:JX) dropped again last week by 2.92 percent to sit at 805.53 points.
Year-to-date, however, the index is still up 53.24 percent, or a jump of 279.87 points.
A number of companies on the TSXV saw strong weekly percentage gains as well, with some rising as high as 250 percent over the five-day period.
The top five gainers for the week were:
- Stans Energy (TSXV:HRE)
- Adex Mining (TSXV:ADE)
- Novo Resources (TSXV:NVO)
- Medgold Resources (TSXV:MED)
- Giyani Gold (TSXV:WDG)
Here’s a closer look at those companies:
First on last week’s top 5 gaining TSXV stocks is Stans Energy, who has 100 percent ownership of the past producing HREE Kashka Rare Earth Processing Plant. On August 25, the company announced that it had entered into a Memorandum of Understanding for an option to acquire 100 percent of Pervomayskiy GOX LLC, the owner of a lithium mineralization stockpile, the Zabaikalsky Mill and supporting infrastructure.
Last week, shares of Stans Energy rose an impressive 250 percent to $0.07
Last week, shares of Adex rose 50 percent to $0.015.
Third on last week’s top 5 TSXV stocks is Novo Resources, whose shares increased 29.79 percent to $1.22.
Novo Resources’ focus is to evaluate, acquire and explore gold properties, and has the right to acquire up to 70 percent interest in the Pilbara Paleopiacer Gold project in Western Australia from the Creasy Group, as well as a right to acquire 70 percent interest in the Beatons Creek Tenements.
The company’s latest news was released August 25, when Novo announced that it had entered into an agreement to purchase the Talga Talga, Warrawoona and Mosquito Creek projects.
Medgold Resources is focused on the exploration and development of gold properties in northern Iberia and under-explored gold provinces of southern Europe. On August 24, the company announced it had commenced rilling at its Boticas Gold Project in Portugal.
Last week, shares of Medgold rose 27.78 percent to $0.23.
Closing out last week’s top 5 TSXV list is Giyani Gold, whose shares increased 21.95 percent to $0.25.
Giyani GOld is engaged in the acquisition, exploration, evaluation and development of gold resource properties in South Africa and Canada. Most recently, the company announced the notice of annual and special meeting of shareholders.
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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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Top TSXV stocks in recent weeks: