That being said, the index moved higher in early trade on Friday (November 24), with financial and energy shares leading a broad rise.
On Friday, the gold price edged down due to profit-taking from investors. Silver was also down and on track for a weekly loss. Base metals were up for the week, with copper trading above the $7,000 per-tonne-mark.
Despite this, a number of stocks in the mining sector saw a share price increase including:
- UEX Corp. (TSX:UEX)
- Corvus Gold (TSX:KOR)
- NexGen Energy (TSX:NXE)
- HudBay Minerals (TSX:HBM)
- Coro Mining (TSX:COP)
Here’s a look at those companies and the factors that moved their share prices last week.
UEX is an exploration and development company focused on 14 uranium projects, located in the eastern, western and northern perimeters of the Athabasca Basin, the world’s richest uranium belt.
There are no recent company news that could explain the price increase, but over the five day period shares of UEX gained 31.91 percent last week to reach $0.31.
Corvus controls 100 percent of the North Bullfrog project, in southern Nevada.The project includes numerous prospective gold targets at various stages of exploration.
There are no recent company news that could explain the price increase, but over the five day period Corvus Gold saw a spike of 23.26 percent to close the five day period at $1.59.
Middle of the pack on last week’s 5 top weekly TSX stocks is NexGen Energy, whose share saw an increase of 8.7 percent to close at $3.25.
NexGen is focused on the acquisition, exploration and development of Canadian uranium projects. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada.
Hudbay Minerals is an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. The company’s zinc operations include the 777 mine and Lalor mine in Manitoba. Shares of HudBay Minerals increased 5.27 percent to close the five-day period at $10.38.
Last but not least on the 5 top weekly TSX stocks is Coro Mining, whose shares made an increase of 5 percent to $0.10.
Coro Mining is focused on copper production in Chile, including a number of exploration and development projects. The company is also focused on obtaining production from SCMB’s SXEW plant, of which Coro owns 35 percent interest.
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Data for 5 Top TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.