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Redhawk Resources was the top gainer on the TSX this past week. It was followed by Mawson Resources, Geodrill, Chalice Gold Mines and Mega Uranium.
The S&P/TSX Composite index (INDEXTSI:OSPTX) fell 0.61 percent on Friday to hit a new one-month low, according to Investing.com. The news outlet states that it was pushed down by declines in the energy, healthcare and utilities sectors.
That said, a number of TSX-listed companies fared well this past week. The top gainer was Redhawk Resources (TSX:RDK), and it was followed by Mawson Resources (TSX:MAW), Geodrill (TSX:GEO), Chalice Gold Mines (TSX:CXN) and Mega Uranium (TSX:MGA).
Redhawk Resources
Redhawk Resources took the top spot this week — its share price increased 27.27 percent to reach $0.07. The Canada-based resource exploration and development company is focused on its advanced-stage Copper Creek copper–molybdenum project Arizona. The company released no news this week that would explain its share price rise.
Mawson Resources
After a week away, Mawson Resources returned to the five top TSX stocks list. This week, the company’s share price gained 26.19 percent to reach $0.27. Mawson is focused on exploration and development at its Finland-based Rompas and Rajapolat projects.
Earlier this week, the company announced that the Northern Finland Administrative Court validated a permit granted to Mawson by the Finnish Mining Authority. Mawson will now be able to complete deeper drilling at its Palokas gold discovery. “The local population continues to show overwhelming support for the project,” said Michael Hudson, president and CEO of Mawson. “We believe the NGO should now respect the wishes of the local people and allow Mawson to continue its work, in an environmentally sound way, without further delay.”
Geodrill
Geodrill gained 20.63 percent this week, hitting $0.76. The company is a leading exploration drilling company with a fleet of 39 drill rigs in Africa. It operates in Ghana, Burkina Faso, Cote d’Ivoire, Mali and Zambia. Geodrill released no news this week that would explain the growth in its share price.
Chalice Gold Mines
Chalice Gold gained 18.18 percent to close the week at $0.13. The Australia-based mining company is focused on gold and copper, and its primary asset is the Cameron gold project in Ontario, Canada.
While the company released no news this past week, it announced in May that its first diamond drilling program is scheduled to begin in mid-June at the Croteau Est gold property in Quebec.
Mega Uranium
Mega Uranium, a Toronto-based company focused on uranium properties in Australia and Canada, gained 12.5 percent this week to close at $0.09. The company announced this week the closing of the first tranche of its previously announced financing, which is worth $716,400. The financing will be used for working capital purposes.
Data for TSX Top 5 articles is retrieved each Friday after market close. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included.
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