5 Top TSXV Stocks: Probe Metals Tops the List

September 4, 2016

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The S&P/TSX Venture Composite Index (INDEXTSI:JX) was on the rise last week, making a small increase of 0.46 percent to 810.92. 

A number of companies on the TSXV saw weekly percentage gains, hovering around the 30 percent mark.

Stocks that rose last week were most notably in the precious metals and base metals sector.

 

The top five gainers for the week were:

  • Probe Metals (TSXV:PRB)
  • Azimut Exploration (TSXV:AZM)
  • Serengeti Resources (TSXV:SIR)
  • Wealth Minerals (TSXV:WML)
  • Golden Dawn Minerals (TSXV:GOM)

Here’s a closer look at those companies:

Probe Metals

First on last week’s top 5 gaining TSXV stocks is Probe Metals, focused on the acquisition, exploration and development of gold properties. Currently, the company is focused on its key asset, the Val-d’Or East Gold project. On September 1, Probe Metals announced it had granted options to acquire 2,980,000 common shares.

Last week, shares of the company rose 32.12 percent to finish the five-day period at $1.81.

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Azimut Exploration

Azimut Exploration holds a gold and base metal portfolio in Quebec. As of April 21, 2016, the company holds 10 wholly owned exploration properties and four joint-venture projects for  a total of 4,672 claims.

On August 29, Azimut increased the number of common shares by 1,244,000 for future issuance under its stock option plan shares for a total of 4,544,000 of the 45,449,496 common shares issued.

Last week, shares of the company increased by 28.09 percent to $0.57.

Serengeti Resources

Third on last week’s top 5 TSXV stocks is Serengeti Resources, whose shares increased 27.27 percent to $0.21.

The company is focused on the development of its Kwanika copper-gold project in British Columbia. On August 25, Serengeti announced the completion of the drilling program at the Kwanika project.

Wealth Minerals

Wealth Minerals, over the last few years, has been focusing on the acquisition of precious metals projects with plans to continue advancing its existing projects, including the Yanamina and Valsequillo projects.

The company most recently announced the signing of the option agreement, giving it the right to acquire 100 percent interest in the Jesse Creek porphyry copper property located near Merritt, British Columbia.

Last week, shares of Wealth Minerals rose 26.58 percent to reach $1.00.

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Golden Dawn Minerals

Closing out last week’s top 5 TSXV list is Golden Dawn Minerals, whose shares increased 25.81 percent to finish the week at $0.39.

Golden Dawn Minerals is currently consolidating its land position in the Greenwood Mining District by acquiring a number of gold assets. On August 29, the company announced the execution of a definitive agreement and received conditional approval from the TSXV for the issue of a convertible security with a face value of US$2.4 million.

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Data for 5 Top TSXV Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

Top TSXV stocks in recent weeks:

5 Top TSXV Stocks: Stans Energy Rises 250 Percent

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5 Top TSXV Stocks: Sarama Resources Jumps 120 Percent

5 Top TSXV Stocks: Cava Resources Leaps 160.87 Percent

5 Top TSXV Stocks: Jayden Resources Leads the Way

5 Top TSXV Stocks: Renaissance Oil Leaps by 71.43 Percent

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Category: Energy