Last Friday (July 27), the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 1.29 points or 0.18 percent to close at 706.41.
In the news, trade war fears continued, the US dollar has taken a dip and everyone wants to know how the Escondida drama will play out on the world stage.
Here, the Investing News Network has a look at how junior miners share prices performed over the course of the week. Below are the top five gainers on the Toronto Venture Exchange.
- Alexandria Minerals (TSXV:AZX)
- Nevada Exploration (TSXV:NGE)
- Kaizen Discovery (TSXV:KZD)
- Point Loma Resources (TSXV:PLX)
- FPX Nickel (TSXV:FPX)
Scroll down to see what each company has been up to recently.
Alexandria Minerals
Gold exploration and development junior, Alexandria Minerals has properties throughout three Canadian provinces in world-class mining districts. Its flagship property and primary focus is the Cadillac Break property in Val d’Or, which according to Alexandria hosts near-surface gold resources.
The company’s most recent news was this week, when it announced the voting results at a special meeting when all of managements recommendations were approved.
On the TSXV, the company’s share price rose 37.5 percent over the week to C$0.055, up from C$0.04.
Nevada Exploration
Another explorer, Nevada exploration is unsurprisingly focused on its portfolio of gold exploration projects along the Cortez trend in Nevada.
No news this week, but earlier this month it released a geologic update on its South Grass Valley project, saying that it had established further evidence of a “carlin-type mineral system at the project”.
In Toronto, Nevada Exploration’s share price was up 33.33 percent to C$0.2, up from C$0.145.
Kaizen Discovery
Kaizen Discovery is a base and precious metals explorer focused on South America. It’s majority owned by HPX TechCo, which is a privately-owned company led by Robert Friedland. Along with three projects up for purchase or joint venture, Kaizen has the Pinaya copper-gold project in Peru, which is holds up as its core focus. On the TSXV, Kaizen was up 33.33 percent to C$0.1.
Point Loma Resources
Point Loma is a oil and natural gas exploration company with a relatively significant position on the highly prospective multi-zone Mannville to Mississippisan fairway of west central Alberta. The company controls over 150,000 acres along with more than 250 drilling opportunities.
Earlier this week, Point Loma released an operational update that detailed a 90-percent increase in oil and gas volumes since Q1, along with information on seismic programs and drill opportunities across its Alberta operations.
In Toronto, the company’s share price increased by 30.77 percent to C$0.34, up from C$0.26 on Monday.
FPX Nickel
The FPX Nickel Corporation is focused on the exploration and development on the Decal nickel-iron project in central British Columbia, which according to the company has an indicated resource of 1,437,800 tonnes of nickel.
The company released no news this week, with its latest release back in May when it announced the results of its 2018 annual general meeting.
On the TSXV, FPX Nickel’s share price rose by 27.27 percent across the week, reaching C$0.14, up from C$0.115.
Data for 5 Top TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using tradingview.com. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the basic materials and energy sectors are considered.
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Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.
The post 5 Top Weekly TSXV Stocks: Gold Juniors Lead the Way appeared first on Investing News Network.
From:: Investing News Network