Top 5 High-volume Stocks on the TSXV Last Week

Here’s a look at five companies that saw high trading volumes on the TSX Venture Exchange for the week ended June 28.

Bear Creek Mining (TSXV:BCM)

The trading volume for silver explorer Bear Creek Mining reached 1,796,641 for the week, and on Friday the company was trading at $1.58, a gain of $0.32, or 23 percent, from Thursday’s session. The share appreciation came despite no apparent news catalysts.

Bear Creek’s main assets are its Corani and Santa Ana projects, both located in Peru. Feasibility studies estimate that the mines contain 270 million ounces and 63.2 million ounces of silver, respectively. Together, Bear Creek’s projects potentially hold more than 500 million ounces of silver, according to its website.

SilverCrest Mines (TSXV:SVL)

Similar to the week ended June 21, this Canadian precious metals company’s stock recorded high trading volumes last week. It saw 2,374,932 shares traded between June 21 and and 27 and had a volatile week in terms of price, dropping from $1.70 last Friday to $1.22 on Thursday, and then rising to $1.43 on Friday for a 17.2-percent gain. Its 52-week high is $2.96 and its low is $1.19.

On May 29, SilverCrest released an updated resource estimate for its flagship Santa Elena mine in Sonora, Mexico. Probable reserves are now estimated at 19.7 million ounces of silver and 327,430 ounces of gold, which represents a 103-percent increase in contained silver and 50-percent jump in contained gold over previous probable reserves.

Aurcana (TSXV:AUN)

This junior mining company also hit its second consecutive week of high trading as of June 28. On Friday, its stock price increased $0.25, to $1.40, and its weekly volume reached 6,682,874. On Thursday, Aurcana announced a $50-million loan facility from RK Mine Finance, part of the Red Kite Group. The agreement also includes a silver offtake agreement from metal produced at the Shafter mine.

Based in Canada, Aurcana is an emerging senior silver producer. One of its main projects is the Shafter silver mine, located in Presidio County, Texas. Its measured and indicated silver resources total 24.6 million ounces.

The La Negra silver-copper–lead–zinc mine, of which Aurcana owns 99.9 percent, is the company’s other primary property. La Negra is in Mexico and has 115 million ounces of measured and indicated silver.

Woulfe Mining (TSXV:WOF)

Woulfe Mining’s operations focus on tungsten, molybdenum, gold, base metals and uranium–vanadium in South Korea. Its fully owned Sangdong mine, located just south of Seoul, holds one of the largest tungsten deposits in the world, the company’s website states.

Last week, Woulfe’s trading volume was 1,312,293; the stock closed on Friday at $0.10, a gain of 5.2 percent from Thursday. The share appreciation came despite no apparent news catalysts. Its 52-week high is $0.385.

Focus Graphite (TSXV:FMS)

Focus, a Canadian junior graphite company, intends for its Lac Knife project to become one of the lowest-cost producers of industrial and technology-grade graphite in the world. Lac Knife is a flake graphite deposit located in the Côte Nord region of Quebec. Its estimated resource is 4.9 million metric tons of graphite.

The company’s trading volume was 1,187,959 last week, with its value sinking $0.03, or 5.56 percent, over five trading days. The share depreciation came despite no apparent news catalysts.