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The TSX Venture Exchange hasn’t been putting forward its best performance lately, but last week was moderately better for, and several companies saw solid growth.
Coming in first with an increase of over 40 percent was GeoMegA Resources (TSXV:GMA). It was followed by Ceiba Energy Services (TSXV:CEB), Bacanora Minerals (TSXV:BCN), Atlantic Gold (TSXV:AGB) and Arianne Phosphate (TSXV:DAN).
Also interesting to note was the price spike for Bacanora on Friday, which the company suggested could be the result of speculation from the UK press regarding its Mexican lithium projects.
GeoMegA Resources
GeoMegA Resources hasn’t had much to report since November, when it commenced drilling on its Anik gold project in Quebec. However, the company saw its share price spike at the end of last week and gained over 43 percent to finish trading at $0.19.
Ceiba Energy Services
Supplying specialized services to companies focused on the extraction and production of oil and natural gas in Western Canada, Ceiba Energy Services released positive third-quarter operating and financial results at the tail end of last month
Ceiba reported successful execution of its business strategy thus far, as well as plans for expansion at its Chamberlain facility. The company recorded a 37.5-percent increase last week to trade at $0.55.
Bacanora Minerals
An explorer and developer focused on its lithium and borate projects in Mexico, Bacanora Minerals experienced a weekly gain of 31.75 percent to trade at $0.82.
This increase came on the back of speculation by the UK press regarding a potential update on the company’s lithium project in Mexico. Both Bacanora and its joint venture partner, Rare Earth Minerals (LSE:REM) saw their share prices spike. On Monday, Rare Earth Minerals announced that it has completed its own scoping study on some of the concessions contained within the project.
Atlantic Gold
The most recent news to report from Atlantic Gold is that the company’s request to be de-listed from the Australian Stock Exchange was finally approved, according to a December 1 media release.
However, it would appear that the news didn’t stop the company from posting a 28.95-percent weekly gain on the TSX Venture Exchange. Shares were last trading at $0.25.
Arianne Phosphate
Canadian mineral exploration company Arianne Phosphate posted gains of 23.08 percent on a weekly basis to trade at $0.80.
The company hasn’t put out news since the release of its third-quarter financial results in mid-November.
Data for TSXV Top 5 articles is retrieved each Friday and reported on Monday. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included.