TSX Venture Exchange October 2-5

After weeks on the up-and-up, the S&P-TSX Venture Composite Index turned slightly bearish during the Oct. 2-5 trading session, losing 15.09 points to close at 2,857.57. Average daily trading volume also sank to 77.7 million shares.

Continuing the bearish trend, more than twice as many companies fell to new lows over the week as climbed to new highs. On the junior board, 59 explorers sank to new share price lows, while only 25 posted new highs.

Despite being halted for most of the week, VMS Ventures dominated trading activity. In the one day plus one hour that the stock was up for grabs, more than 43 million VMS shares changed hands. The share price peaked at $1.29 then fell 23 to close at $1.06, still a 43% gain. The activity followed results from the second hole at the company’s volcanogenic massive sulphide discovery at Reed Lake in Manitoba.

More than 38 million shares of Hawkeye Gold & Diamond were traded over the session, moving the penny stock up 2 by the end of the week. The company has speculated that increased trading volume since mid-September is due to good drill results from Grandview Gold’s Dixie Lake property, which is adjacent to Hawkeye’s Dedee Rhode and Dixie Bell gold properties in northern Ontario.

Another volume and value-gain leader was TTM Resources, which traded 13.9 million shares to close the session up 34 at $1.32. There was no obvious reason for TTM’s activity.

Noront Resources and neighbours MacDonald Mines Exploration and Spider Resources continued to trade high volumes, however news out of the companies’ properties, in the James Bay lowlands of Ontario, was slow.

Shares of Kodiak Exploration moved up 24% to close the session at $1.23 apiece on trading volume of 11.1 million. The company released assay results from the 2007 drill program at the Hercules project, in the Beardmore-Geraldton gold camp in southern Ontario. All 10 drill holes at Hercules hit gold mineralization.

Northern Dynasty Minerals climbed 96 on good volume after announcing significant new drill results from Pebble East, and Exeter Resource moved up 60 on drill results from the Cerro Moro gold project, in Argentina.

SouthGobi Energy Resources lost 46 per share over the week, closing at $6.22, and Salazar Resources saw its stock fall 32 to close at $2.88 per share. Neither company put out any news over the trading session.

Nickel-sulphide intercepts from Liberty Mines’ Hart project, in Ontario, did not seem to impress investors. The stock fell 28, or 11%, to close at $2.37 per share. Similarly, drill results from Full Metal Minerals’ Mount Andrew copper-silver-gold target, on Prince of Wales Island in Alaska, failed to stop a 27 slide over the session; the stock closed at $2.63. And following results from Knight Resources’ West Raglan project, in Quebec, the company’s share price lost 14, closing at 25 apiece.

TSX-V greatest percentage change

VOLUME(000s) HIGH LOW CLOSE CHANGE
Westward Expl WWE 90 0.155 0.14 0.155 + 93.7
Threegold Res THG 1511 0.83 0.38 0.75 + 80.7
Kettle River KRR 1180 0.31 0.18 0.30 + 66.6
Sanatana Diam STA 920 0.52 0.39 0.40 + 60.0
Absolut Res ABS 2212 1.05 0.92 0.96 + 60.0
Wildcat Expl WEL 5550 0.43 0.22 0.32 + 48.8
VMS Vent VMS 45180 1.52 1.00 1.06 + 43.2
E-Energy Vent EEV 7387 0.275 0.155 0.235 + 42.4
Hawkeye Gold HKO 38148 0.095 0.045 0.07 + 40.0
Northern Shiel NRN 3390 1.10 0.58 0.76 + 38.1
Knight Res KNP 6029 0.425 0.225 0.255 35.4
VG Gold VG 22 0.31 0.25 0.29 32.5
Latin Am Mnls LAT 427 0.45 0.32 0.32 29.6
Superior Mng SUI 72 0.45 0.385 0.385 28.7
Bishop Gold BSG 165 0.03 0.005 0.025 28.5
Beta Minerals BMI 179 0.11 0.09 0.09 28.0
Grande Portage GPG 176 0.40 0.29 0.305 27.3
Great Sthn Ent GSR 95 0.045 0.04 0.04 27.2
Teryl Res Corp TRC 97 0.235 0.20 0.20 27.2
Solomon Res SRB 257 0.30 0.225 0.24 27.2

TSX-V greatest value change

VOLUME CLOSE CHANGE
Northern Dyn M NDM 944811 11.87 + 0.96
Exeter Res XRC 189160 3.75 + 0.60
Ascot Res AOT 392027 2.40 + 0.50
Keegan Res KGN 419670 3.45 + 0.45
Energold Drill EGD 2057038 3.90 + 0.40
AuEx Vent XAU 211437 2.23 + 0.37
Absolut Res ABS 2211820 0.96 + 0.36
Andina Mnls ADM 1025470 3.85 + 0.35
TTM Res TTQ 13887282 1.32 + 0.34
Threegold Res THG 1511357 0.75 + 0.335
SouthGobi Engy SGQ 60267 6.22 0.46
Salazar Res SRL 692518 2.88 0.32
Mag Silver MAG 94049 13.49 0.31
Tournigan Gold TVC 734711 2.40 0.29
Liberty Mines LBE 410998 2.37 0.28
Osisko Explora OSK 739730 5.23 0.28
Full Metal Mnl FMM 363390 2.63 0.27
U3O8 Corp UWE 212449 1.61 0.25
Mansfld Mnrls MDR 802425 4.00 0.25
Rockgate Cap RGT 483677 1.02 0.23

TSX-V most active issues

VOLUME(000s) HIGH LOW CLOSE CHANGE
VMS Vent VMS 45180 1.52 1.00 1.06 + 0.32
Hawkeye Gold HKO 38148 0.095 0.045 0.07 + 0.02
MacDonald Mns BMK 14357 0.30 0.24 0.28 + 0.015
TTM Res TTQ 13887 1.59 0.97 1.32 + 0.34
Noront Res NOT 12411 4.00< /td>

3.28 3.55 0.05
Plato Gold PGC 11323 0.135 0.10 0.12 + 0.025
Kodiak Expl KXL 11105 1.45 1.05 1.23 + 0.24
Spider Res SPQ 9191 0.105 0.09 0.09 0.01
Yukon Zinc YZC 9103 0.255 0.21 0.225 0.025
Sage Gold SGX 8186 0.235 0.16 0.215 + 0.045
Print

 

Republish this article

Be the first to comment on "TSX Venture Exchange October 2-5"

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