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    gold investing

    5 Top Weekly TSXV Stocks: Monument Up on Financial Results

    Scott Tibballs
    Dec. 02, 2018 07:45PM PST
    Precious Metals
    Gold Investing

    Last week, Eskay Mining, Inventus Mining, Euro Manganese, Montument Mining and Alexandria Minerals were the top gainers on the TSXV.

    The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell below 600 points for the first time since 2016 this week, falling to 588.57 on Friday (November 30) — 2.65 points for the day or 0.45 percent.

    In commodities, base metals have diverged in value with copper headed up, zinc headed down and nickel up on the week and down on the month. In precious metals, the expected US-China meeting was gold’s cue to dip in value.

    With all that in mind, here the Investing News Network has taken a gander at junior’s on the Toronto Venture Exchange to see which company has gained the most value last week. Without further ado here they are:

    • Eskay Mining (TSXV:ESK)
    • Inventus Mining (TSXV:IVS)
    • Euro Manganese (TSXV:EMN)
    • Monument Mining (TSXV:MMY)
    • Alexandria Minerals (TSXV:AZX)

    Scroll down to read a little about what each company has been up to.

    Eskay Mining

    Toronto-based and British Columbia-focused explorer Eskay Mining tops out this week’s list of gainers on the TSXV, with its share price rising 55.56 percent over the course of the week to C$0.14.

    The company focuses on precious and base metals, and while it didn’t release any news this week, earlier in November it announced on SEDAR that SRR Mining was terminating an option agreement with Eskay over the SIB property signed in 2017.

    Eskay said that SIB was not a major property of the company. All of the company’s assets are in the Golden Triangle of BC.

    Inventus Mining

    Ontario-based Inventus Mining is a mineral exploration and development company focused on the Sudbury mining district, where it’s working on its flagship advanced-stage Pardo paleoplacer gold project.

    The company is still riding high on results from its drill program at Pardo announced on November 22, which earned it a spot in a previous week’s list of top TSXV gainers.

    This week, Inventus was up 29.09 percent to C$0.145 by Friday.

    Euro Manganese

    Canadian company Euro Manganese is unsurprisingly focused on the battery metal, with its interests in developing a manganese production based on recycling tailings from a facility in Czechia.

    Its flagship is the Chvaletice project, which it hopes to develop into a high-purity provider of manganese products. It acquired the holder of exploration rights around Chvaletice in 2016.

    While the company did not release any news in November, the company’s value is up 22.22 percent to C$0.22 as of last Friday.

    Monument Mining

    Canadian developer and miner Monument Mining has three projects across Malaysia and Australia: Selingsing, Murchison and Mengapur.

    Its most recent news was the release of its September 30 fiscal quarter financial results, posting an increase in its financials across the board from income to revenue to working capital compared to the same time last year. The company also reported a minor decrease in gold production, but a hefty increase in gold sold.

    On the TSXV, Monument Mining was up 20 percent last week, trading at C$0.06 by Friday.

    Alexandria Minerals

    Another gold-focused company, Alexandria Minerals is an explorer and developer with assets in Manitoba, Ontario and Quebec, where its flagship Val d’Or project has been soaking up the majority of its time and effort since 2007.

    At the end of October, the company announced it would be selling its non-core assets to Hudbay Minerals (TSX:HBM,NYSE:HBM), which included 40 mineral claims in northern Manitoba.

    In Toronto, Alexandria Minerals was trading at C$0.03 by last Friday, up 20 percent over the course of the week.

    Data for 5 Top TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using tradingview.com. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the basic materials and energy sectors are considered.

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

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

    inventus miningbritish columbiaaustraliaeskay mininggolden trianglegold investingmalaysiaeuro manganese
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