5 Top Weekly TSX Stocks: Index Closes in on Record High

Last week’s top gaining TSX stock was Energy Fuels, followed by Western Copper and Gold, Paladin Energy, Fission Uranium, and Ivanhoe Mines.

The S&P/TSX Composite index (INDEXTSI:OSPTX) soared last week, climbing 259.68 points to close the five day period at 15,312.20 points.
Friday morning, the Globe and Mail reported the index was nearing an all-time high; with that in mind, the point rally marks the third week in a row the TSX composite index has stayed above 15,000 points.
With the index capping the week off on a high, a number of companies in the mining sector also made gains–particularly in the uranium sector–including:

Energy Fuels (TSX:EFR)
Western Copper and Gold (TSX:WRN)
Paladin Energy (TSX:PDN)
Fission Uranium (TSX:FCU)
Ivanhoe Mines (TSX:IVN)

Here’s a close look at the 5 top weekly TSX stocks:

Energy Fuels

Based in the United States, Energy Fuels is currently the second largest supplier of uranium in the US. On that note, the company is the only uranium producer with conventional production and in situ uranium recovery (ISR) in the US. Energy Fuels produces uranium from two strategic facilities: the White Mesa Mill (conventional) and the Nichols Ranch Plant (ISR).
Although there has been no news regarding its share price increase, the company’s most recent news was released on November 3, wherein Energy Fuels announced its Q3 2016 results.
Shares of Energy Fuels rose 26.98 percent last week to close the week at $2.40.

Western Copper and Gold

Next on the list is Western Copper and Gold, who is currently focused on developing the Casino Project–a billion-tonne copper–gold project. Shares of the company roe 26.05 percent last week to reach $1.49.
While there has been no additional news regarding the company’s share price increase, its most recent news was announced in November, wherein Western Copper and Gold announced it had completed transactions under the Purchase Agreement with Cariboo Rose Resources (TSX-V:CRB).

Paladin Energy

Middle of the pack on last week’s 5 top weekly TSX stocks is Paladin Energy–a uranium production company with projects in Australia and two mines in Africa. According to its website, Paladin Energy plans to become a major uranium mining house.
Last week, shares of Paladin Energy jumped 23.08 percent to $0.08. On December 6, the company released a statement noting they are not aware of any particular reason as to why their share price and trading volume increased that day.

Fission Uranium

Shares of Fission Uranium saw a spike of 21.43 percent last week, finishing the five-day period at $0.68.
The company is the owner of the Patterson Lake South uranium project–host to the high-grade Triple R deposit–located in the Athabasca Basin in Saskatchewan. The company’s most recent news came near the end of October, wherein it announced new high grade mineralization at the R840 zone outside the Triple R resource area.

Ivanhoe Mines

Last but certainly not least on last week’s 5 top gaining TSX stocks is Ivanhoe Mines, who has three key development projects in South Africa and the Democratic Republic of the Congo. In particular, the company has a diverse portfolio that includes platinum, nickel, copper, gold and zinc.
Shares of Ivanhoe Mines jumped 20.70 percent last week to $2.74.

Don’t forget to follow @INN_Resource for real-time news updates!
Data for 5 Top TSX Stocks articles is retrieved each Friday after market close 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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Energy Fuels and Western Copper and Gold are clients of the Investing News Network. This article is not paid for content.

This article is updated each week. Please scroll to the top for the most recent information.

5 Top Weekly TSX Stocks: Index Gains on Oil
The S&P/TSX Composite index (INDEXTSI:OSPTX) dropped a minor 0.01 percent last week to close the five-day period at 15,052.52 points.
While the index was down slightly, it has held steady to close over 15,000 points for the second week in a row. The Globe and Mail reported the index edged higher on Friday as a result of financial stocks stepping back on a busy week.
As the index closed the week out on a positive note, companies on the index also made gains, including:

Auryn Resources (TSX:AUG)
Scandium International (TSX:SCY)
Pretium Resources (TSX:PVG)
Moneta Porcupine Mines (TSX:ME)
Ur-Energy (TSX:URE)

Here is a closer look at the 5 top weekly TSX stocks:

Auryn Resources

First on last week’s 5 top TSX stocks is Auryn Resources. Auryn is focused on gold deposits including the Committee Bay gold project in Nunavut, the Homestake Ridge gold project in British Columbia as well as a number of gold projects in Peru.
Early last week, the company announced results from its sampling program at the Committee Bay gold project, noting 17 gold-in-till anomalies representing large-scale mineralized systems.
On that note, shares of Auryn Resources climbed 18.72 percent to close the five-day period at $2.60.

Scandium International

Next on the list is Scandium International, whose shares saw an increase of 10.87 percent last week to $0.255.
Scandium International owns an 80 percent interest in the Nyngan Scandium project in Australia. A feasibility study for the project was completed in May of 2016, which means the company is now working towards advancing the project to construction.
Although there was no news regarding the share price increase last week, on November 16 the company last announced its receipt of a $629,000 research and development tax receipt.

Pretium Resources

Coming in middle of the pack on last week’s 5 top TSX stocks is Pretium Resources. Pretium is currently advancing construction of its 100 percent owned Brucejack gold project, located in British Columbia. Production for the project is targeted for 2017.
Like Scandium International, the company has not released any news regarding its share price increase, although in early November Pretium released its third quarter 2016 results.
Last week, shares of Pretium saw an increase of 9.75 precent to finish off at $12.27 for the five-day period.

Moneta Porcupine Mines

Moneta currently holds 100 percent interest in 5 gold projects in the Destor Porcupine Fault Zone in Ontario. The properties are located on one of the post prolific belts with over 85 million ounces of past gold production.
Last week, shares of Moneta saw saw an increase of 9.43 percent to finish the five-day period at $0.29.

Ur-Energy

Last but certainly not least on last week’s 5 top gaining TSX stocks is Ur-Energy, who is currently focused on the Lost Creek uranium facility in Wyoming. In 2013, the company acquired the Shirley Basin project, and has two other projects–the Lost Solider and Lucky Mc Mine Site–both located in Wyoming.
Shares of Ur-Energy rose 8.77 over last weeks five-day period to close at $0.62.
Don’t forget to follow @INN_Resource for real-time news updates!
Data for 5 Top TSX Stocks articles is retrieved each Friday after market close 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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

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