5 Top Weekly TSXV Stocks: CAR Peace Deal Boosts AXMIN

- February 24th, 2019

On the TSXV last week, Goldbank Mining, AXMIN, Noble Mineral Exploration, Lorraine Copper and Barsele Minerals led the way.

As last week drew to a close, the S&P/TSX Venture Composite Index (INDEXTSI:JX) ended on a touch of a high, heading north by just shy of a point at 0.92, or 0.15 percent to 622.53.

In the commodities sector, base metals were by and large, up, with plenty of dramatic happenings around the world.

Precious metals saw gold remaining steady on an up, as global economic concern remained.

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On the TSXV, gold juniors were once again leading the way around the world in light of conditions globally.

  • Goldbank Mining (TSXV:GLB)
  • AXMIN (TSXV:AXM)
  • Noble Mineral Exploration (TSXV:NOB)
  • Lorraine Copper (TSXV:LLC)
  • Barsele Minerals (TSXV:BME)

Goldbank Mining

Vancouver-based explorer and developer Goldbank Mining has assets in the Yukon, where it is focused on the Leota gold project in the Klondike region. It also owns the Hasenfuss quartz project.

It released a Management Discussion and Analysis (MD&A) report in November last year, detailing minor exploration costs of around C$150,000.

With its website currently under development, news on the company comes through Sedar, where it announced that a primary shareholder, Anthony Beruschi had increased his stake in the company to 36.3 percent on a non-diluted basis on December 28 last year.

No news since then, but on the TSXV last week, Goldbank was trading up at C$0.145 — a gain of 93.33 percent.

AXMIN

AXMIN made this list last week, when its shares rose to C$0.36 in the same week the government of the Central African Republic (CAR) announced peace deals with a medley of rebel groups.

AXMIN, a gold developer and explorer, is focused on its Pessendro project which is in the CAR.

The company was up again this week, though with no new news from the company (its last news was from January) — so stock markets seem to believe the peace deals will hold.

On the TSXV AXMIN was up to C$0.45 — a gain of another 55.17 percent.

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Noble Mineral Exploration

Noble holds 79,177 hectares of mineral rights (project 81) in the Timmins area of Northern Ontario, where it plans to develop and implement a nickel-gold exploration program.

The company’s most recent news was last week, when it announced it had received final approval for a private placement that raised over a million dollars to fund exploration and development works.

On the TSXV last week, Noble was up by 43.48 percent, reaching C$0.16 by Friday.

Lorraine Copper

Lorraine Copper’s most recent news was back in February, when it announced that it would be indirectly merging with its partner in the Stardust project in BC, Sun Metals (TSXV:SUNM).

Lorraine has interests in three projects: Lorraine, Stardust and Okeover — which it’s the 100-percent owner of.

On the TSXV last Friday the company was up by 40 percent tp C$0.22 — while its companion, Sun Metals was also up to C$0.55 — or 34.15 percent.

Barsele Minerals

Canadian junior explorer Barsele Minerals has its hope pegged to its eponymous project, the Barsele gold project in Sweden, which it describes as “an impressive gold, silver and copper exploration project on renowned mineral trends.”

Just this week, the company released an updated mineral resource estimate for the project, to happy results on the TSXV, with its share price up to C$0.55.

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.

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