Last week’s other top-gaining mining stocks on the TSXV were QMX Gold, Euro Manganese, Primeline Energy Holdings and Tsodilo Resources.
Last Friday (January 18), the S&P/TSX Venture Composite Index (INDEXTSI:JX) was fair flat, rising by 0.55 points, or 0.09 percent, to reach 595.18.
In news last week, investors developed an appetite for risk with the gold price taking a little dip as a result, while over in base metals, copper, zinc and nickel were up to varying degrees.
On a macro level, global news is dominated by US and UK drama, and a developing tiff between Canada and China over drug smuggling, Huawei and travel advisories.
INN took a look at the Toronto Venture Exchange to see how the juniors in the commodities and energy sector were faring, read on to find out the top five gainers for the week.
- Zenith Energy (TSXV:ZEE)
- QMX Gold (TSXV:QMX)
- Euro Manganese (TSXV:EMN)
- Primeline Energy Holdings (TSXV:PEH)
- Tsodilo Resources (TSXV:TSD)
Read on to find out what each company has been up to lately.
Dual-listed Zenith Energy is an oil and gas company with a focus on countries with “strong asset protection and a business atmosphere conducive to stable and profitable production activities.”
On the TSXV, Zenith fared well with the news of the campaign and the CEO’s comments, with the company’s shares up 175 percent to C$0.11 by last Friday.
Quebec-based explorer QMX Gold is focused on its mining camp in Val d’Or in the west of the province.
Its most recent news was on an ongoing drill campaign at the Bonneford South target at the camp, with the company reporting it had intersected 29.8 grams per tonne (g/t) of gold over 3 meters and 19.3 g/t over 3.2 metres.
While that news was from January 8, QMX has enjoyed a jump in value this week up to C$0.1 — or by 53.85 percent.
Its flagship is the Chvaletice project, which it hopes to develop into a high-purity provider of manganese products. It acquired the holder of exploration rights around Chvaletice in 2016.
The company’s most recent news was an increase in the resource estimate for Chvaletice in mid-December last year.
On the TSXV last week, Euro Manganese was up by 42.11 percent, trading at C$0.27 on Friday.
Primeline Energy Holdings
Toronto-listed, China-based Primeline Energy Holdings describes itself as having been operating in the Chinese offshore petroleum industry in a joint venture with China National Offshore Oil Corporation, for over 20 years, with substantial offshore exploration licenses in the East China Sea.
The company’s most recent release was a production update — way back in mid-November last year.
Regardless, energy was a theme last week with Primeline enjoying a 37.5 percent increase in value in Toronto, trading at C$0.055 by Friday.
In its most recent news in early January, Tsodilo announced a limited grant of stock options to officers and senior employees of the company. More exciting news was from back in November 2018, when it announced a diamond parcel valuation.
In Toronto Tsodilo was trading up 36.96 percent, reaching C$0.315 by Friday.
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.
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Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.