5 Top Weekly TSXV Stocks: Increasing Reserves Boost Crown Point Energy

- March 10th, 2019

Last week’s other top-gaining juniors on the TSXV were Aurania Resources, Altus Strategies, Sarama Resources and Wealth Minerals.

As last week drew to a close, the S&P/TSX Venture Composite Index (INDEXTSI:JX) ended higher on Friday (March 8) after a week of trending down, with a tiny gain of 0.68 points, or 0.11 percent, to reach 615.89.

Last week, junior miners (and all the rest) were making a racket at PDAC in Toronto, releasing plenty of timely updates on projects around the world so they’d have plenty to talk about with potential investors.

Even Canadian Prime Minister Justin Trudeau paid a visit — and was asked about gold the second he stepped foot in the door.

Speaking of gold, it spent the most of PDAC posting year-to-date lows before lifting higher towards the end of the week.

Here, we take a look at the junior miners and explorers on the Toronto Venture exchange to see how they’ve been sailing. Here are the top five gainers for last week:

Read on to see what they’ve been up to lately.

Crown Point Energy

Calgary-based oil and gas company Crown Point Energy holds cash-producing assets and a portfolio of potential projects in Argentina.

On Wednesday (March 6), the company released an update on its reserves for the previous year, revealing it currently sits on developed and producing oil and natural gas assets to the tune of 2,715 mbbls of oil and 16,027 mmcf of natural gas — respectively a 277 percent and 67 percent increase on 2017 reserves.

On the TSXV last week, Crown Point enjoyed a 51.81 percent increase in its share value, up to C$0.61.

Aurania Resources

Junior explorer Aurania likes its precious metals and copper targets. It is focused on its flagship project, the Lost Cities — Cutucu project in Ecuador, which it jokingly explains is “not a treasure hunt” like the stories.

While Aurania hasn’t released any big news on its website lately — its most recent release was an announcement it would have a presence at PDAC in Toronto.

Perhaps the company snagged a few willing investors because on the Venture Exchange Aurania was up by 44.98 percent, trading at C$3.9 by Friday.

Altus Strategies

Toronto and London-listed Altus Strategies has a whole mess of projects throughout Africa; in Cameroon, Ethiopia, Liberia, Morocco, Mali and Côte d’Ivoire, with targets of gold, copper, iron, zinc and bauxite.

No big resources news this week, but the company did release an update on total voting rights on March 1.

On the TSXV, Altus was trading at C$0.085 by Friday, up 30.77 percent.

Sarama Resources

Another Africa-focused junior, Sarama Resources is focused primarily on Burkina Faso, where it has interests in five projects- four of which it owns 100 percent.

This company hasn’t released any news on its website since November last year, when it announced it was set to gain 100 percent ownership of the South Hounde gold project. On sedar.com it released a corporate update on shares in mid-January.

In Toronto last week, Sarama was up by 27.78 percent to C$0.115.

Wealth Minerals

Wealth Minerals is a green-energy focused company with an interest in lithium. It holds a portfolio of over 100,000 hectares, with its major asset listed as Atacama Salar in Chile which alone accounts for almost half the company’s land.

On Wednesday, the company announced it had closed on a C$1.35-milion loan, which will go towards general working capital.

By the end of last week, Wealth was trading up 24.68 percent at C$0.48.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using TradingView. Only companies with market capitalizations greater than C$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: Wealth Minerals is a client of the Investing News Network. This article is not paid-for content.

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