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Rounding out last week’s top five CSE companies by trading volume are Amana Copper, Hi Ho Silver Resources and Jagercor Energy.
Last week on the Canadian Securities Exchange, several companies had an eventful week.
The top five junior resource companies on the exchange by trading volume were Prescient Mining (CSE:PMC), Mazorro Resources (CSE:MZO), Amana Copper (CSE:AMA), Hi Ho Silver Resources (CSE:HHS) and Jagercor Energy (CSE:JEM).
Prescient Mining
Prescient, a junior resource company with the right to own a 100-percent interest in an Athabasca Basin-based uranium property, recently hired Momentum Premium Services to raise market awareness, provide investor relations services and create a strategic business development program for the company.
Prescient hopes to take advantage of Momentum’s “excellent experience in the medical marijuana industry,” and will pay Momentum $15,000 a month for three months. For its part, Momentum “will receive incentive stock options to buy 250,000 shares of 70 cents.”
Prescient saw 21,006,000 trades of its stock last week, finishing at $0.99.
Mazorro Resources
Shares of Mazorro were traded 16,995,000 times last week to end at $0.11. The company explores for gold in Quebec, and recently discussed its proposed acquisition of GrowPros, a medical marijuana consultation and acquisition firm.
As Mazorro emphasizes in a September 5 press release, GrowPros is at the beginning stages as a company and will not see a major profit for the foreseeable future. It is in the process of getting a license to grow medical marijuana, and owns 190 acres of land in Quebec, where it plans to grow the product.
Amana Copper
Formerly known as Titan Goldworx Resources, Amana Copper is focused on copper in Canada. This past week, the company’s shares were traded 15,000,000 times and closed at $0.06.
Amana hasn’t put out any news recently, but back in May it signed an agreement to acquire a 70-percent interest in the Baya mining project, a producing cobalt-copper project in the Democratic Republic of the Congo. Baya contains three pits and is hosted by a concession that covers 11 square kilometers. There is a secondary cobalt oxide layer 5 meters below the surface.
Hi Ho Silver Resources
Hi Ho Silver Resources saw 6,575,000 trades of its shares last week to close at $0.02.
Most recently, on August 20, the company announced plans to start an exploration project at its Quebec-based Grasset Dome property. It is located adjacent to Balmoral Resources’ (TSX:BAR) recent nickel-copper-PGEs Grasset discovery.
Jagercor Energy
Jagercor acquires and develops oil and gas properties in South America, particularly in Argentina. Last week, its shares traded 5,350,000 times to reach $0.07 per share.
In August, the company announced a development agreement with Central International. Central will fund the drilling of three wells at the Catriel Oeste oil concession in Rio Negro, Argentina. Catriel Oesete is located in what the company calls an ideal location for low-risk development drilling.
“We are very pleased to work with Jagercor in our Catriel Oeste Oil Concession since it will allow us to accelerate the development of our oil assets in Argentina,” said Pablo Chebli, vice president and country manager of Central. “This is just the first step in a promising relationship between these two upstream companies.”
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