TSX VENTURE EXCHANGE -June 21-25

The TSX Venture Exchange slipped nearly 2% over the June 21-25 trading period, down 29.46 points, to close at 1,458.72.

KWG Resources and Spider Resources were the most actively traded stocks over the period with 9.3 million shares and 8.1 million shares traded, respectively. KWG shares were up 1¢ to 12¢ apiece while Spider shares remained flat at 16¢.

KWG has found itself in a bidding war with Cliffs Natural Resources. Cliffs originally made separate offers of 13¢ a share for KWG and Spider in a bid to gain control of the Big Daddy chromite deposit in the McFaulds Lake area of northwestern Ontario. KWG and Spider, which together hold 53% of the project, then announced a merger to keep control of the project. But subsequently Cliffs increased its offer for Spider to 16.5¢ a share. KWG matched that and at presstime, Cliffs had upped its offer for Spider to 19¢, leaving KWG with five days to match it.

Clifton Star Resources was the biggest loser by value over the period, dropping 51¢ to $4 apiece after failing to impress investors with drill results at its Duparquet gold project in the Abitibi region of Quebec. The company and its joint-venture partner Osisko Mining released results from 22 drill holes from the Beattie, Donchester and Duquesne properties. Highlights include 27.5 metres grading 4.19 grams gold per tonne and 58 metres of 1.12 grams gold. Osisko is the operator after agreeing last November to spend more than $109 million on exploration over four years.

Titanium Corp., a company that aims to process waste material in Canada’s oilsands into valuable products, was the top gainer by value, rising 30¢ to $1.56 per share on no news. Titanium was followed by Bralorne Gold with no news and Golden Hope Mines, up 17¢ to 70¢, with news of drill results intersecting quartz-bearing structures with some visible gold at its Beland anomaly near the Bellechasse-Timmins deposit in southeastern Quebec.

Copper-cobalt explorer El Nino Ventures shares rose 1¢ to 5¢ apiece after having some positive news in the Democratic Republic of the Congo (DRC). The Tribunal of Commerce of Lubumbashi dismissed litigation, ruling that the claims should be tried in British Columbia, not the DRC. The company has filed an $850,000-counter action against Georges Kavvadias and GCP Group for breach of agreement for a joint-venture agreement.

And finally, Fortress Minerals shares fell 1¢ to 14¢ following news that Russian gold and silver producer JSC Polymetal trumped an earlier offer by MacRitchie Metals for a 100% stake in Fortress’s Svetloye gold project in Russia’s Far East. JSC will pay US$9.25 million in cash. Fortress, accepted the superior bid and will pay MacRitchie a break fee of US$250,000.[

.

TSX-V most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Bonaventure En BVT 12256 0.01 0.01 0.01 0.00
Northern Star NSM 11936 0.10 0.06 0.09 + 0.01
Golden Hope GNH 11667 0.73 0.55 0.70 + 0.17
KWG Res KWG 9331 0.13 0.12 0.12 + 0.01
Gold Bulln Dev GBB 8948 0.71 0.53 0.70 + 0.13
Excel Gold Mng EGM 8529 0.15 0.09 0.12 + 0.03
Spider Res SPQ 8152 0.17 0.16 0.16 0.00
Medoro Res MRS 7213 0.83 0.70 0.71 -0.07
Fire River Gol FAU 6804 0.69 0.54 0.66 + 0.06
Sparton Res SRI 5144 0.14 0.09 0.12 + 0.01
TSX-V greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Spruce Ridge R SHL 68 0.17 0.17 0.17 + 70.0
GoldQuest Mng GQC 456 0.14 0.09 0.14 + 55.5
Searchgold Res RSG 657 0.03 0.01 0.03 + 50.0
Silver Lake Rs SKZ 27 0.15 0.14 0.15 + 50.0
Santa Fe Metls SFM 29 0.12 0.09 0.09 + 50.0
Foran Mng FOM 1155 0.12 0.09 0.11 + 37.5
Falkirk Res FLK 58 0.12 0.12 0.12 + 33.3
Radisson Mng RDS 134 0.13 0.10 0.12 + 33.3
Los Andes Copp LA 1559 0.12 0.09 0.12 + 33.3
Aurion Res AU 31 0.28 0.22 0.28 + 33.3
Crescent Res CRC 4937 0.05 0.02 0.02 -60.0
Savant Expl SVT 37 0.10 0.08 0.08 -46.6
Golconda Res GA 37 0.05 0.05 0.05 -37.5
Touchdown Cap TDW 110 0.06 0.06 0.06 -33.3
Metals Ck Res MEK 2098 0.22 0.17 0.17 -29.1
Paragon Minls PGR 226 0.12 0.08 0.08 -27.2
MacDonald Mns BMK 3014 0.20 0.14 0.14 -26.3
GoldenDoryRs GDR 325 0.12 0.09 0.09 -25.0
Portal Res PDO 16 0.10 0.09 0.09 -25.0
Aldershot Res ALZ 607 0.04 0.03 0.03 -25.0
< td>Gold Bulln Dev
TSX-V greatest value change
WEEK
VOLUME CLOSE CHANGE
Titanium Corp TIC 867154 1.56 + 0.30
Bralorne Gold BPM 238530 1.20 + 0.21
Golden Hope GNH 11666553 0.70 + 0.17
Great Quest Me GQ 1080582 0.88 + 0.15
Atac Res ATC 1304821 1.89 + 0.13
GBB 8948325 0.70 + 0.13
East Asia Mnls EAS 526233 6.69 + 0.12
Alderon Res ADV 466355 1.24 + 0.11
Edgewater Expl EDW 10000 0.90 + 0.10
Midland Expl MD 21053 1.40 + 0.08
Clifton Star CFO 426090 4.00 -0.51
Maudore Minls MAO 100102 3.90 -0.30
Chesapeake Gld CKG 49731 7.72 -0.26
Quest Rare Mnl QRM 348073 2.15 -0.25
RareElemntRs RES 316770 2.22 -0.24
Mirasol Res MRZ 276008 1.57 -0.21
Rainy River Rs RR 1443200 6.63 -0.20
Quaterra Res QTA 97928 1.31 -0.19
Universal Powr UNX 333693 1.70 -0.13
Mosquito Cons MSQ 462981 1.09 -0.12
Print

 

Republish this article

Be the first to comment on "TSX VENTURE EXCHANGE -June 21-25"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close