The top gainers on the TSXV last week were PetroFrontier, Benchmark Metals, Cub Energy, Cobalt Blockchain and Alphamin Resources.
As last week drew to a close, the S&P/TSX Venture Composite Index (INDEXTSI:JX) was trading very flat, shifting by a meager 0.37 points or 0.06 percent on Friday (April 26) to 609.24.
In the news, Ukraine has a new president after a comedian roared to victory with over 73 percent of voters voting for Volodymyr Zelensky. In the US, it looks like President Donald Trump may be facing off against former Vice President Joe Biden after Biden announced his candidacy on Thursday (April 25).
In commodities, base metals slumped following the Easter holidays, while gold had a nice little bump.
- PetroFrontier (TSXV:PFC)
- Benchmark Metals (TSXV:BNCH)
- Cub Energy (TSXV:KUB)
- Cobalt Blockchain (TSXV:COBC)
- Alphamin Resources (TSXV:AFM)
Read on to see what they have been up to lately.
On Thursday, the company released its annual financial statements for 2018 on SEDAR (erroneously labeled as April 25, 2018), and also revealed that it has signed a term sheet with a corporation controlled by one of its directors that will give PetroFrontier a credit facility of up to C$2 million.
On the TSXV last week, company shares were up by 60 percent thanks to the news, trading at C$0.08 by the end of the week.
Gold and silver explorer Benchmark Metals is focused on developing its Lawyers project in the prolific Golden Triangle region of British Columbia.
Benchmark also released news last week, announcing a proposed resource expansion drilling exploration project at Lawyers to begin in June.
In Toronto, Benchmark was up by 48.57 percent over the week, trading at C$0.26 by Friday.
The company has assets in Ukraine, where it says its business model is to use western money and technology to develop its Black Sea region oil and gas assets. As mentioned above, Ukraine Prime Minister Petro Poroshenko just lost the office to Zelensky.
Cub Energy was up by 37.5 percent on the TSXV last week — its shares were trading at C$0.05 on Friday.
Canadian resource company Cobalt Blockchain also released multiple filings on SEDAR this week, detailing its involvement in conflict-free tin, tantalum and tungsten through its subsidiary, Belair African Minerals. Cobalt Blockchain is also actively engaged in seeking cobalt and copper assets.
On its website, Belair talks about its conflict-free credentials; the company is involved in the sale of tin and tantalum from certified artisanal mines in the Democratic Republic of Congo.
Cobalt Blockchain was up by 33.33 percent on the TSXV last week, trading at C$0.10.
Alphamin is a tin-focused, Mauritius-based, Toronto-listed developer that is focused on moving forward at its Bisie tin mine in the Democratic Republic of Congo.
Earlier in April, the company announced that it had completed a US$12 million non-brokered private placement, with the proceeds to go towards completing mine construction at Bisie as well as working capital and general corporate purposes.
On the TSXV last week, Alphamin was up by 20.93 percent, trading at C$0.26 by Friday.
Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using TradingView’s stock screener. 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.
Editorial Disclosure: Cobalt Blockchain is a client of the Investing News Network. This article is not paid-for content.