5 Top Weekly TSXV Stocks: Q1 Results Boost Cub Energy

- May 19th, 2019

The top five gainers on the TSXV last week were Cub Energy, Oroco Resource, Newrange Gold, Medgold Resources and Great Bear Resources.

Last Friday (May 17), the S&P/TSX Venture Composite Index (INDEXTSI:JX) was up a smidge by 0.97 points, or 0.16 percent, to reach 609.15 points.

News last week was all about the trade war again, as global economic superpowers China and the US tangoed over tariffs and retaliatory action.

In commodities, gold didn’t do anything dramatic despite the drama between Washington and Beijing, while base metals got a bit of a boost.

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Looking at junior miners in Toronto, here are the top five gainers on the TSXV last week:

Read on to find out what each company has been up to lately to earn its spot here.

Cub Energy

Upstream oil and gas company Cub Energy has assets in the Black Sea region of Ukraine, where it says it wants to use western money and technology to develop assets there.

On Wednesday (May 15), the company released its quarterly results, detailing net earnings of US$1 million in Q1, up from US$0.8 million in Q1 last year.

On the TSXV, Cub Energy was up by 45.45 percent last week, trading at C$0.08 by Friday.

Oroco Resource

Canadian explorer Oroco Resource has interests in Mexico, where it has the Santo Tomas copper and Xochipala gold projects.

While there was nothing released from Oroco last week, the week before it announced and confirmed a favorable court decision in Mexico relating to Santo Tomas.

In Toronto, Oroco was up by 38.82 percent last week, reaching C$0.59.

Newrange Gold

Newrange Gold owns the Pamlico gold project in Nevada — an asset it acquired in 2016 and that it touts as a district-scale, underexplored opportunity.

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Last week, the company rediscovered the Good Hope mine at Pamlico, where it sampled 13.89 grams per tonne (g/t) gold and 71.19 g/t gold over 40 meters in what it says is a significant move for the project.

On the TSXV, Newrange was trading at C$0.145 by last Friday, a gain of 38.1 percent over the week.

Medgold Resources

Explorer Medgold Resources has two projects underway in Serbia, where it’s focused on drilling for gold.

The company’s most recent news came in early April and relates to management changes. In late March, however, it announced another drill campaign at its Tlamino project in Serbia along with the last of its 2018 drill campaign results.

Despite the stale news, Medgold was up by 31.58 percent on the TSXV to C$0.125 by last Friday.

Great Bear Resources

Great Bear Resources is a Canadian exploration company focused on advancing its high-grade gold assets in one of the world’s premier mining jurisdictions.

The company had big news last year, announcing in August a C$10 million private placement and investment from McEwen Mining (TSX:MUX,NYSE:MUX), a gold-mining company led by Goldcorp founder Rob McEwen, after it reported some handsome numbers from its Dixie project in Ontario.

Its most recent news is from the week before last, when it announced further drill results from Dixie.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using TradingView’s stock screener. 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: Great Bear Resources is a client of the Investing News Network. This article is not paid-for content.

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