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 21. 

Santacruz Silver Mining (TSXV:SCZ)

Last week’s trading volume for this Canadian silver mining company was 197,983 trades at $1.06, a $0.20 gain since last session. Santacruz’s 52-week high is $2.50 and its 52-week low is $0.83. Currently, the company’s three largest mining projects are the San Felipe, Gavilanes and Rosario projects. While the first two are in advanced stages of exploration, Rosario is in production. Output from Rosario during April and May has already exceeded expectations, according to Arturo Préstamo, the company’s president and CEO. The company hopes to produce 5 million ounces of silver equivalent within the next three years, its website states.

SilverCrest Mines (TSXV:SVL)

Like Santacruz, SilverCrest is a Canada-based company working on operations in Mexico. Along with silver, it also produces other precious metals like gold. It saw 252,247 trades last week at $1.70; that is a $0.10 increase from the previous day’s session. Its flagship mine is the Santa Elena mine, which has an estimated life-of-mine cash cost of $8 per ounce of silver equivalent. SilverCrest expects this property to deliver 625,000 ounces of silver and 33,000 ounces of gold this year. It also has plans to expand drilling at Santa Elena in hopes of doubling its annual metals production in 2014.

Tango Gold Mines (TSXV:TGV)

Last week, Tango’s trading volume reached 76,500 trades at $0.195, a gain of $0.045. Its 52-week high is $0.22 and its low is $0.075. Tango’s focus is on the exploration, acquisition and development of mineral properties in Nicaragua. Its primary project is its 22.2-acre Topacio project. Researchers have estimated that this mine has 2,716,176 tonnes of gold available. Gold prices fell steeply this week, but managed to make a slight recovery at the end of the week. By June 21, the precious metal had hit $1,294.76 an ounce.

Bellhaven Copper & Gold (TSXV:BHV)

Bellhaven Copper & Gold is the only Canadian junior exploration company with gold-copper assets in both Colombia and Panama, according to its website. Its has delineated more than 1.6 million ounces of gold from its flagship La Mina project in just two years. Last week, the company saw 349,120 trades as its share price rose $0.045, to $0.135. The company’s 52-week high is $0.31 and its low is $0.06. Bellhaven intends to increase drilling at La Mina by accessing nearby La Garrucha.

Aurcana (TSXV:AUN)

The junior Canadian mining company is primarily focused on the Shafter silver mine and the La Negra silver-copper-lead–zinc mine. Aurcana is the only business on the list that experienced a drop in price last week. Its volume on June 21 was 1,865,783 at a price $1.52, a loss of $0.35. The company’s 52-week high is $10.08 and its low is $1.81. As with gold, silver prices were depressed this week due to an announcement from Federal Reserve Chairman Ben Bernanke that the bank may cut back its stimulus package.

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