The top gainers on the TSXV last week were Radius Gold, Pure Energy Minerals, Arctic Star Exploration, Pacific Booker and Dunnedin Ventures.
At the end of last week, the S&P/TSX Venture Composite Index (INDEXTSI:JX) was trading up by 3.89 points or 0.65 percent, reaching 605.17 on Friday (May 3).
News last week was dominated by Venezuela, where an uprising appeared to fizzle out and incumbent (though disputed) president Nicolas Madura continues to hold onto power despite US overtures for a change in regime.
Here are the top five gainers on the TSXV last week.
- Radius Gold (TSXV:RDU)
- Pure Energy Minerals (TSXV:PE)
- Arctic Star Exploration (TSXV:ADD)
- Pacific Booker (TSXV:BKM)
- Dunnedin Ventures (TSXV:DVI)
Gold explorer Radius is a Canada-based, US- and Mexico-focused company with four gold and silver projects in its portfolio.
Last Wednesday (May 1), Radius announced the interception of 44 meters grading 12.38 grams per tonne (g/t) gold and 309.3 g/t silver at its Amalia project in Mexico, where it is currently undertaking a drill program.
On the TSXV last week, Radius enjoyed a 161.29 percent surge in its share price, trading at C$0.40 by the end of the week.
Pure Energy Minerals
Canadian explorer and developer Pure Energy Minerals has its sights set on lithium, with a flagship lithium brine project in Clayton Valley, Nevada, ideally located next to Albemarle’s (NYSE:ALB) Silver Peak — the only producing lithium mine in North America.
On Wednesday last week, the company announced that it has entered into agreements to advance the project through an earn-in agreement with Schlumberger. This will begin by building a pilot plant.
With the deal, Pure Energy was up by 28.57 percent last week, trading at C$0.09 on Friday.
Arctic Star Exploration
Arctic Star is a diamond company with a 100 percent interest in the Timantti diamond project in Finland, where it has exploration permits over the Wolf kimberlite trend. Timantti is located near the operating Grib diamond mine in Russia.
While the company hasn’t released any news this week, in mid-April it snagged itself a second exploration permit for Timantti consisting of 882 hectares next to its existing 289 hectare permit area. In Toronto last Friday, Arctic Star was trading up by 28.57 percent to C$0.09.
Pacific Booker owns the Morrison copper-gold property in Central British Columbia, which it says is in the advanced stages of development. According to the company, the project will be able to yield 1.37 million pounds of copper over 21 years.
The company was trading at C$3.50 last Friday after increasing by 27.27 percent over the week.
Dunnedin is another company with copper projects in BC, though it also has projects in Arizona as well as interests in the Kahuna diamond project in Nunavut.
On April 29, the company closed a private placement, among other management developments. On the TSXV, Dunnedin was trading at C$0.09 by the end of last week, up by 20 percent.
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.