In the first week of the year, the S&P/TSX Venture Composite Index (INDEXTSI:JX) was up, increasing 8.71 percent to 791.44 points.
A number of stocks were on the rise last week, with gains as high as over 61 percent over the five-day period.
In particular, gold and uranium industries had some of the top-gaining stocks.
The top five stocks for the week were:
Galway Gold (TSXV:GLW)
GoviEx Uranium (TSXV:GXU)
Encanto Potash (TSXV:EPO)
Kivalliq Energy (TSXV:KIV)
American Cumo Mining (TSXV:MLY)
Here’s a closer look at those companies:
Galway Gold
Galway Gold operates through the acquisition, exploration and development of mineral resource properties in the Colombia segment. The company holds an option to acquire a 100 percent interest in the Reina de Oro gold concession, home of the El Volcan Mine, in the Vetas gold district of Colombia. El Volcan, which has been in operation for over 400 years and is still operating today, is the largest mine in the Vetas-California-Surata region of Colombia.
Over the five-day period, shares of Galway Gold saw an increase of over 61 percent to reach $0.10.
GoviEx Uranium
GoviEx is a mineral resource company focused on the exploration and development of its African uranium properties. GoviEx continues the exploration and development of its Mine Permitted Madaouela Project in Niger and its Mine Permitted Mutanga Project in Zambia and Falea Project in Mali.
Last week, shares of GoviEx Uranium saw a 57.69 percent increase to reach $0.20.
Encanto Potash
Encanto Potash has a 100 percent interest in the Muskowekwan Potash Project underlying 61,400 acres. Encanto and its Muskowekwan First Nations partner (MFN) have developed a substantial project on the MFN Reserve lands located in Saskatchewan. The project contains 162.0 million tonnes of recoverable KCI Proven and Probable Reserves.
The company does not have any news regarding its share price increase, but it has recently announced an offtake agreement for five million tonnes per year for a minimum of 20 years with an Indian co-op, which represents farmers in 25 states across the Asian nation.
Kivalliq Energy
Kivalliq Energy has a portfolio of high-quality uranium exploration projects that include Canada’s highest-grade uranium resource outside of Saskatchewan. The Company’s flagship project, the 89,852 hectare Angilak Property in Nunavut Territory, hosts the Lac 50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes.
Kivalliq Energy recently announced results from its summer exploration at the Yat and Dipole target areas, that confirmed high grade precious metal and uranium values.
Last week, shares of the company increased 31.58 percent to reach $0.12.
American CuMo Mining
Last but not least on the 5 top gaining TSXV stocks for the five-day period is American CuMo Mining. The company is a resource exploration and development company focused on establishing itself as a low-cost, top-tier molybdenum producer. American CuMo is advancing its wholly-owned CuMo Project towards feasibility.
The deposit, located near Boise, Idaho, has the potential to become one of the world’s largest and lowest-cost primary molybdenum mines. The mine also contains very significant credits of copper and silver.
Shares of American Cumo Mining closed the week out at $0.17–a 25 percent increase over the week.
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.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: American CuMo Mining and Kivalliq Energy are clients of the Investing News Network. This article is not paid-for content.
Top TSXV stocks in recent weeks:
5 Top Weekly TSXV Stocks: Avanti Energy on Top
5 Top Weekly TSXV Stocks: Darnley Bay on Top
5 Top TSXV Stocks: Rambler Metals on the Rise
5 Top TSXV Stocks: Exchange Rallies
5 Top TSXV Stocks: Copper Stocks on Top
5 Top TSXV Stocks: Gold Stocks Rally
5 Top TSXV Stocks: Gold Stocks on the Move
5 Top TSXV Stocks: Northern Lion Gold Tops the List
5 Top TSXV Stocks: Patriot One Technologies Boosts Over 400 Percent
5 Top TSXV Stocks: G4G Capital Tops the List For Second Week
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