5 Top Weekly TSXV Stocks: EnGold Gains on Lac La Hache Discovery

Other top gainers last week were Karmin Exploration, Commerce Resources, Focus Graphite and Thor Exploration.

weekly TSXV stocks

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last week almost neutral at 836.27 points, up 0.06 percent.

Key global stock markets fell on Friday (February 24) as investors “assessed whether the ‘Trump rally’ has gone too far too soon,” says The Globe and Mail.

There’s some concern that US President Donald Trump’s pro-growth policies may “get pushed to the end of this year or next year,” Aaron Clark of GW&K Investment Management told the news outlet. “[A]nd you might have this buyer’s remorse for the market,” he added.

Despite those factors, many TSXV-listed mining stocks were on the rise last week. The five companies that saw the biggest share price increases for the week were:

Here’s a closer look at those companies and what moved their share prices last week.

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EnGold Mines

Engold Mines’ primary focus is the high-grade Aurizon gold zone at its 18,275-hectare Lac La Hache property. Last week, the company announced that the first drill hole of its 2017 campaign at Lac La Hache has encountered a 27-meter intercept of intensely mineralized material.

The news sent EnGold’s share price up 80.65 percent to reach $0.28.

Karmin Exploration

Karmin Exploration is focused on gold and zinc exploration in Brazil and Peru, where it owns interests in several properties, including the Aripuana zinc project, Aripuana gold project and Cushuro gold project. In November, Karmin reported on developments at Aripuana, and last month it announced a proposed non-brokered private placement.

Last week, shares of Karmin Exploration saw a 75.76 percent increase to reach $0.58. It did not release any news during the period.

Commerce Resources

Commerce Resources is an exploration and development company with a particular focus on rare metals and rare earths deposits. The company is focused on the development of its Ashram rare earths deposit in Quebec and its Blue River tantalum-niobium deposit in BC.

On February 17, the company closed a non-brokered private placement for gross proceeds of $1,717,522.50. The placement included a $1-million investment from Ressources Quebec. Last week, Commerce’s share price saw a 53.85-percent increase to end at $0.10.

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Focus Graphite

Focus Graphite is an advanced exploration and development company whose goal is to become a low-cost producer of technology-grade graphite concentrate from its Lac Knife and Lac Tetepisca projects in Quebec. The company holds two offtake agreements with privately owned Grafoid, a graphene R&D and investment company, and is Grafoid’s largest shareholder.

On February 16, Grafoid announced the development of the GPURE Membrane Platform, which will initially consist of six next-generation GPURE graphene-polymer membrane technologies intended for industrial markets. Last week, Focus Graphite’s share price closed the week at $0.13, up 30 percent.

Thor Explorations

Thor Explorations’ flagship project is the Segilola gold project, located in Nigeria. It was acquired by the company in August 2016, and is considered Nigeria’s most advanced gold project. It has an indicated resource of 555,000 ounces grading 3.8 grams per tonne.

The company has not released any news recently, but last week its share price rose 20 percent to reach $0.15.

Data for 5 Top Weekly TSXV 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 $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

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

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Focus Graphite and Grafoid are clients of the Investing News Network. This article is not paid-for content.

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 

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

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed the week up once again, rising 2.18 percent to end at 843.92 points.

Other indices, including the S&P 500 (INDEXSP:.INX), Dow Jones Industrial Average (INDEXDJX:.DJI) and NASDAQ Composite (INDEXNASDAQ:.IXIC), also gained last week, fueled by the “Trump rally.”

According to MarketWatch, index gains are expected to continue once investors have a clearer picture of President Trump’s plans for tax reform and the healthcare system.

Many stocks also gained last week, with some TSXV-listed companies seeing gains of over 50 percent over the five-day period. The stocks that rose the most were:

  • Bowmore Exploration (TSXV:BOW)
  • Quaterra Resources (TSXV:QTA)
  • Bearing Resources (TSXV:BRZ)
  • Stakeholder Gold (TSXV:SRC)
  • Abacus Mining & Exploration (TSXV:AME)

Read on to learn more about those companies and what moved their share prices last week.

Bowmore Exploration

Bowmore Exploration is focused on the acquisition, exploration and development of gold mineral properties in Canada and Mexico. Its properties include St-Victor, Duverny, Silica East, Silica Amherst and Silica South in Quebec, as well as the La Scie property in Newfoundland and the Chivas property in Mexico.

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

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Last week, Bowmore Exploration’s share price rose 64.71 percent to end at $0.14. The company did not release any news that would explain the increase.

Quaterra Resources

Quaterra Resources is an exploration and development company focused on advancing its Yerington copper projects in Nevada. The company says the Yerington projects have good existing infrastructure, valuable water rights, community support and significant exploration upside.

In January, Quaterra announced plans for a 2017 drill program at the Yerington projects; at least 15 drill holes will be completed, and the aim will be to test targets at the projects. Last week, Quaterra’s share price saw a 50-percent increase to reach $0.15.

Bearing Resources

Bearing Resources is an exploration and development company focused primarily on lithium. Its main interest is the Maricunga lithium brine project, which it says is one of the highest-grade lithium salars in the Americas. The company has an agreement to acquire an undivided 17.7-percent stake in Maricunga from Li3 Energy (OTCMKTS:LIEG).

Last week, Bearing received “significant results” from deep drilling at Maricunga. The news sent the company’s share price up 40.2 percent to reach $1.43.

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

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Stakeholder Gold

Stakeholder Gold is conducting exploration at its Ballarat gold property in BC. The property is southeast of Kinross Gold’s (TSX:K,NYSE:KGC) White gold deposit (840,000 ounces of inferred gold resources) and northeast of Goldcorp’s (TSX:G,NYSE:GG) recently acquired Coffee gold deposit (3 million ounces of indicated gold resources).

At the beginning of February, the company announced its exploration summary for 2016 and plans for 2017. Last week, its share price increased 45.83 percent to reach $0.35.

Abacus Mining & Exploration

Last on the list is Abacus Mining & Exploration, an exploration and development company with a 20-percent interest in the Ajax project in BC. The Ajax project is a proposed copper-gold open-pit mine that is currently in the submission stage of the provincial and federal environmental assessment process.

On February 15, the company signed an option agreement to earn up to a 75-percent interest in the copper-gold Willow property in Nevada. Its share price closed the week at $0.07, up 27.27 percent.

Data for 5 Top Weekly TSXV 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 $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

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

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Stakeholder Gold is a client of the Investing News Network. This article is not paid-for content.

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 

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

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last week up 2.04 percent at 836.16 points.

The rise was supported by higher oil prices and expectations of corporate-friendly tax cuts in the US, says the Financial Post. President Donald Trump has said his administration is planning a “phenomenal” tax reform package that will likely ease the burden on most businesses. An unexpected surge in Canadian job growth also helped the index post gains.

Unsurprisingly, many TSXV-listed stocks rose last week as well, with some mining-focused companies seeing share price increases of over 50 percent. The top five gainers last week were:

  • PNG Gold (TSXV:PGK)
  • Tintina Resources (TSXV:TAU)
  • GoviEx Uranium (TSXV:GXU)
  • Camrova Resources (TSXV:CAV)
  • Renaissance Gold (TSXV:REN)

Here’s a closer look at the factors that moved those companies’ share prices last week.

PNG Gold

PNG Gold is focused on its Normanby and Sehulea exploration licenses on Normanby Island in Papua New Guinea. Normanby includes the company’s flagship Imwauna prospect, the Kelas prospect and several other untested prospects. At Imwauna, gold mineralization ranges from 0.5 meters to 6 meters. Sehulea contains several low-sulfidation epithermal gold deposits that require additional drill testing.

Last week, PNG Gold closed the final tranche of a $1.2-million non-brokered private placement. On the back of the news its share price rose 68.18 percent to reach $0.37. 

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 

Tintina Resources

Tintina Resources is focused on the development and mining of its Black Butte copper project in central Montana. The project has a measured and indicated resource of 1.176 billion pounds of copper at an average grade of 3.4 percent, and an inferred resource of 140 million pounds of copper at an average grade of 2.8 percent.

The company has not released any news since December 2016, when it provided an update on the first phase of permitting for Black Butte. Last week, Tintina Resources’ share price saw a 57.14-percent increase to reach $0.11.

GoviEx Uranium

GoviEx Uranium is focused on the exploration and development of its African uranium properties. Its principal objective is to become a significant uranium producer through the continued exploration and development of its Madaouela project in Niger, its Mutanga project in Zambia and its Falea project in Mali.

The company has released little news in 2017, but last week CEO Daniel Major said at conference in Capetown that the uranium market is showing signs of strength. He believes his company may be able to take Madaouela online by 2020. GoxiEx’s share price rose 54 percent last week to end at $0.39.

Camrova Resources

Camrova Resources, formerly Baja Mining, is engaged in acquiring, exploring and developing resource properties. The company, through Minera y Metalurgica del Boleo, owns an interest in the Boleo copper-cobaltzincmanganese project in Mexico.

On February 3, the company signed a binding letter of intent to invest in a small-scale copper plant in Chile. Last week, its share price increased 52.94 percent to reach $0.26.

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 

Renaissance Gold

Renaissance Gold is a Nevada-based exploration company focused on gold and silver. Its objective is to place projects in exploration earn-in agreements with industry partners. On February 9, the company signed a letter of intent under which Coeur Mining (NYSE:CDE) will provide it with $250,000 a year for two years to conduct grassroots exploration in Nevada.

Last week, Renaissance Gold’s share price ended at $0.45 after rising 44.44 percent over the course of the week.

Data for 5 Top Weekly TSXV 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 $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

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

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

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"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 
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