5 Top TSXV Stocks: Alset Energy Jumps 176.92 percent – Investing News Network (press release) (registration) (blog)

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Alset Energy was the top gaining stock for the week, followed by K92 Mining Inc., Wealth Minerals, Monarques Gold Corp and Golden Predator Mining Corp

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The S&P/TSX Venture Composite Index (INDEXTSI:JX) was down this week by 1.43 percent to 668.04.

Overall, the index is up 27.18 percent for 2016. According to the Financial Post, this makes it “by far and away the best performing index among the 27 global exchanges with market caps in excess of US$1 billion.”

For the period May 28, 2015 to May 27, 2016, it’s down by 34.94, or 4.97 percent.

A number of companies saw strong weekly percentage gains. The top five gainers for the week were:

  • Alset Energy (TSXV:ION)
  • K92 Mining Inc. (TSXV:KNT)
  • Wealth Minerals (TSXV:WML)
  • Monarques Gold Corp (TSXV:MQR)
  • Golden Predator Mining Corp (TSXV:GPY)

Here’s a closer look at those companies:

Alset Energy

First on the list is Alset Energy, who saw a massive one-week leap by 176.92 percent, or $0.23, to $0.36. Over a one year period, shares of the company have spiked 2300 percent.

Earlier in the week, Alset provided an update on its initial sampling programs at the Wisa Lake lithium and Champion graphite projects. Two grab samples were collected from Wisa Lake’s North Zone and three additional grab samples were collected from the South Zone.

The company also completed a small prospecting program on its recently acquired Champion Graphite project, wherein multiple individual conductive zones associated with flake graphite in overburden covered areas were identified.

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K92 Mining

Up next is K92 Mining Inc. The company is focused on advancing its Kainantu Gold Mine in Papua New Guinea towards production.  K92 recently announced the completion of its reverse take-over transaction, pursuant to which it acquired K92 Holdings International Limited.

Last week,  K92 Mining’s shares saw a 96.3 percent spike, or an increase of $0.52, to $1.06. Over a one-year period, the company has steadily risen by 76.67 percent.

Wealth Minerals

Over a one-week period, Wealth Mineral’s shares have seen a 73.2 percent boost—a $0.36 increase to $0.84. Between May 28, 2015 and May 27, 2016, the company has seen a steady increase of 257.45 percent.

Wealth Minerals’ most recent news came at the end of April, when they announced they would be acquiring the Puritama Project located in the Salar de Aguas Calientes in northern Chile.

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Monarques Gold

Monarques Gold, who placed third this week, is a gold exploration company focusing on its development of gold projects along the Cadillac Break in Quebec. Last week, the company made gains of 52.78 percent, or a $0.1 increase to $0.275.

Monarques’ most recent press release  came later in the week, announcing that it had entered into two subscription agreements with Evanachan Limited for a private placement to each of the subscriber of 8,571,430 common shares at a price of $0.175 per share.

Golden Predator Mining Corp

Finally, Golden Predator Mining rounds up the top five list, which is a gold mineral exploration company focusing on advancing the 3 Acres Project and Brewery Creek project. On May 25, it was announced the company had completed a $4.32 million financing from the sale of 27,000,000 units at a price of $0.16 per  unit.

Last week, Golden Predator made gains of 34.09 percent, to $0.59, an increase of $0.15 on the week. Overall, the company has jumped 490 percent on the one-year period.

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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.

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

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