• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    5 Top Weekly TSXV Stocks: Acquisition by Sandstorm Sends Mariana Resources Soaring

    Melissa Shaw
    Apr. 28, 2017 07:45PM PST
    Precious Metals
    NYSE:MKT

    Last week’s other top-gaining TSXV stocks were CaNickel Mining, Letho Resources, Wealth Minerals and Simba Essel Energy.

    The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last week at 806.77 points, up 0.79 percent.
    According to Reuters, the index was buoyed by strong earnings from a number of natural resource companies, as well as higher commodities prices overall. New Statistics Canada data shows that overall the Canadian economy stalled in February, but analysts believe the country is still poised to meet or exceed the Bank of Canada’s forecast for first-quarter annualized growth.
    Against that backdrop, a number of TSXV-listed stocks in the mining sector saw share price increases last week. The top five gainers were:

    • CaNickel Mining (TSXV:CML)
    • Letho Resources (TSXV:LET)
    • Mariana Resources (TSXV:MARL)
    • Wealth Minerals (TSXV:WML)
    • Simba Essel Energy (TSXV:SMB)

    Without further ado, here’s a look at those companies and the factors that moved their share prices last week.

    CaNickel Mining

    CaNickel Mining owns the Manitoba-based Bucko Lake nickel mine, and also owns or has under option a further 800 square kilometers worth of properties in the province.
    The company has not released any news since last year, but last week its share price rose 135 percent to end at $0.235. It is possible the boost was driven by the news that the government of the Philippines, a major nickel-producing country, plans to issue an order banning open-pit mines.

    Letho Resources

    Letho Resources is an oil and gas exploration company focused on projects in Africa. Like CaNickel, the company has not released any news so far this year. Even so, its share price jumped 82.86 percent last week to close at $0.32.

    Mariana Resources

    Mariana Resources is an exploration and development company focused on copper, gold and silver projects in Turkey, South America and West Africa.
    Last week, the company’s share price rose 56.73 percent after it announced that it will be acquired by Sandstorm Gold (TSX:SSL,NYSEMKT:SAND). The companies said the deal will create a “leading mid-tier stream and royalty company” with a diversified portfolio of 155 streams and royalties, including 20 producing, 23 development-stage, 26 advanced exploration-stage and 86 exploration-stage assets.

    Wealth Minerals

    Wealth Minerals is an exploration company that is focused primarily on lithium, though it also holds interests in precious and base metals properties.
    Last week, the company’s share price gained 30.77 percent to end at $1.70. It did not release any news during the period, but has had a busy time in April. Earlier in the month, the company executed a non-binding letter of intent to enter into an option agreement to acquire interests in five lithium projects in northern Chile. The company also reported the results of a bathymetric survey at the Laguna Verde project.

    Simba Essel Energy

    Oil- and gas-focused Simba Essel Energy operates in Europe, Middle East, Africa and the Asia Pacific region. The company did not release any news last week, but over the five-day period its share price rose 15.38 percent to end at $0.075.
    Simba’s most recent news came on April 21, when it announced that its shareholders voted to ratify, confirm and approve two agreements with Essel Group Middle East DMCC that were entered into in 2015.
    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, Melissa Shaw, hold no direct investment interest in any company mentioned in this article.
    Editorial Disclosure: Wealth Minerals is a client of the Investing News Network. This article is not paid-for content.

    chilethe globe and maileuropesandstorm goldoil and gas explorationglobe and mailcanadaindextsi jxenergy oil and gasgold investingnyse:mkt
    The Conversation (0)

    Go Deeper

    AI Powered
    Copper Investing

    5 Top Weekly TSX Stocks: Trevali Mining Rises on Production Results

    Lithium Investing

    5 Top Weekly TSXV Stocks: Iconic Minerals Up on Lithium Exploration

    Latest News

    Prismo Metals Announces Closing of Oversubscribed Private Placement

    Lode Gold Completes Final Tranche Financing for Total $1.51 Million

    OTCQB Venture Virtual Investor Conference: Presentations Now Available for Online Viewing

    Quimbaya Gold Starts Drilling at Tahami South, Testing Undrilled Gold System Beside Aris' Segovia Mine

    Pinnacle Closes Oversubscribed Non-Brokered Private Placement

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Asra Minerals

    ASR:AU

    Piche Resources

    PR2:AU

    Quimbaya Gold

    QIM:CC

    Sranan Gold

    SRAN:CC

    LaFleur Minerals

    LFLR:CNX

    Pacgold

    PGO:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×