5 Top Weekly TSX Stocks: Uranium Stocks Up

Last week's top-gaining stocks on the TSX were UEX Corp., Corvus Gold, NexGen Energy, HudBay Minerals and Coro Mining.

tsx stocks

The S&P/TSX Composite Index (INDEXTSI:OSPTX) increased last week, gaining 0.7 percent to close the five-day period at 16,110.17.

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.

Uranium Price Forecasts 2017 and Top Uranium Stocks to Watch

Industry experts are excited about the fate of uranium this year. Find out why in your free report.

    Get My Free Report

UEX Corp.

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 Gold

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.

NexGen Energy

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

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.

Coro Mining

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.

Don’t forget to follow us at @INN_Resource for real-time news updates!

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.

Get the Latest Uranium Investing Stock Information

Get the latest information about companies associated with Uranium Investing delivered directly to your inbox.

Uranium

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Uranium Price Forecasts 2017 and Top Uranium Stocks to Watch

Industry experts are excited about the fate of uranium this year. Find out why in your free report.

    Get My Free Report
Comments

Leave a Reply