Tracking Global Market Swings, the March 13-19 Trading Session Marked Another Choppy Week for the Junior Mining-Dominated S&p-Tsx Venture Composite Index, Which Shed 59.34 Points to Close at 3,075.74. Average Daily Trading Volume Also Slipped Over the Week to 75.2 Million Shares.
The Weekly Bull-Versus-Bear Battle Was Almost a Draw With 38 Junior Miners Reaching New 52-Week Highs Against 36 That Slumped to Yearly Lows.
Luzon Minerals Grabbed the Week’s Top Trading Honours in Terms of Volume, With Almost 15.8 Million Shares Changing Hands and Gaining a Nickel to Close at 11.5. the Junior Entered Into a New Deal With Vista Gold to Acquire Its Amayapampa Gold Project in Bolivia. the Company Also Snubbed a Reported Takeover Offer From Aussie Company Republic Gold.
Another Penny-Trader, Mandorin Goldfields Grabbed Second Place With Volume of 15.2 Million Shares, Moving Up 4.5 to 8.5 Per Share. a Subsidiary of the Company Recently Acquired a Coal Project in South Africa.
Searchgold Resources Continued to Post Strong Volume of 13.6 Million Shares on the Week, Slipping 3.5 to 33.5 Per Share. Drilling on Its Bakoudou Gold Project in Gabon, West Africa, Delivered a Number of Gold-Mineralized Intercepts Over Widths of Up to 17 Metres.
Urasia Energy Saw 10.4 Million Shares Change Hands Over the Session, Trading Up 6 at $7.21 Per Share. With Uranium Production From Operations in Kazakhstan, the Company Recently Entered Into a New 5-Year Contract to Supply About 2.5 Million Lbs. of U3o8 Between 2009 and 2013. It Has Also Become the Takeover Target of Sxr Uranium One Under a Friendly Deal That Would See 0.45 of An Sxr Share Exchanged for Each Urasia Share.
Bard Ventures Remained a Strong Trader With Volume of 10.1 Million Shares on the Week, Closing Off a Half-Penny at 33 Per Share. the Market Awaits Assays From Five Drill Holes at the Junior’s Lone Pine Project in Northern British Columbia, Where It Recently Intersected a Wide Molybdenum Interval.
Another B.C. Molybdenum Explorer, Ttm Resources, Also Garnered Continued Investor Interest With Trading of 6.4 Million Shares, Holding Even at 80 Per Share. Drilling Recently Cut 198 Metres of 0.132% Molybdenum at Ttm’s Chu Project in Northern B.C.
Acquisition of Uranium Projects in the Hornby Basin Region of the Northwest Territories and Nunavut Prompted Strong Trading in Gravity West Mining With Volume of 9.3 Million Shares Propelling the Stock Up Half a Penny to 18.
Capella Resources Posted An 80% Gain to Close Up 63 at $1.42 Per Share on Trading Volume of 2.6 Million. the Junior Announced Plans to Acquire Private Company Tripple Uranium Resources, Which Holds An Extensive Uranium Project Portfolio in Eastern Canada.
Recent Strong Nickel Results Pushed Inspiration Mining Up 28%, or 71, to $3.25 Per Share on Trading of Over 1.5 Million Shares. Drilling on the Company’s Langmuir Project Near Timmins, Ont., Has Returned a Number of Wide, High-Grade Nickel Intercepts Beneath Past Workings.
TSX-V Most Active Issues
| Volume(000s) | high | low | close | change | ||
| Luzon Minls | lzn | 15750 | 0.15 | 0.065 | 0.115 | +0.05 |
| Mandorin Goldf | mgd | 15192 | 0.09 | 0.04 | 0.085 | +0.045 |
| Searchgold Res | rsg | 13624 | 0.43 | 0.33 | 0.335 | -0.03 |
| Urasia Energy | uuu | 10383 | 7.29 | 6.61 | 7.21 | -0.06 |
| Bard Vent | cbs | 10148 | 0.39 | 0.31 | 0.33 | -0.005 |
| Gravity West | grw | 9338 | 0.20 | 0.155 | 0.18 | +0.005 |
| Bishop Gold | bsg | 6699 | 0.05 | 0.025 | 0.045 | +0.02 |
| Ttm Res | ttq | 6429 | 0.93 | 0.62 | 0.80 | 0.00 |
| Canadn Imp Vnt | cqv | 6022 | 0.115 | 0.085 | 0.11 | -0.03 |
| Cypress Dev | cyp | 5993 | 0.475 | 0.34 | 0.45 | +0.02 |
TSX-V Greatest Percentage Change
| Volume(000s) | high | low | close | change | ||
| Mandorin Goldf | mgd | 15192 | 0.09 | 0.04 | 0.085 | +112.5 |
| Bishop Gold | bsg | 6699 | 0.05 | 0.025 | 0.045 | +80.0 |
| Luzon Minls | lzn | 15750 | 0.15 | 0.065 | 0.115 | +76.9 |
| Capella Res | cps | 2585 | 1.47 | 0.74 | 1.42 | +73.1 |
| Dynamite Res | dnr | 817 | 0.51 | 0.27 | 0.50 | +61.2 |
| Mountain-Wst R | mwr | 105 | 0.26 | 0.18 | 0.25 | +51.5 |
| Dorex Minls | dox | 379 | 0.40 | 0.325 | 0.38 | +40.7 |
| Coniagas Res | cny | 115 | 0.44 | 0.33 | 0.44 | +37.5 |
| Navasota Res | nav | 555 | 0.22 | 0.17 | 0.22 | +37.5 |
| Harvest Gold | hvg | 1232 | 0.21 | 0.16 | 0.185 | +37.0 |
| Great Sthn Ent | gsr | 31 | 0.055 | 0.03 | 0.045 | -43.7 |
| Tiger Intl | tgr | 101 | 0.53 | 0.40 | 0.40 | -33.3 |
| Darnley Bay | dbl | 126 | 0.245 | 0.18 | 0.185 | -27.4 |
| Kwg Res | kwg | 746 | 0.05 | 0.045 | 0.045 | -25.0 |
| Nevada Star Re | nev | 73 | 0.275 | 0.19 | 0.19 | -24.0 |
| Azteca Gold | azg | 89 | 0.445 | 0.32 | 0.32 | -23.8 |
| Threegold Res | thg | 85 | 0.295 | 0.24 | 0.24 | -22.5 |
| Wildcat Expl | wel | 300 | 0.40 | 0.305 | 0.31 | -22.5 |
| Valencia Vent | vvi | 12 | 0.45 | 0.395 | 0.435 | -22.3 |
| Champion Bear | cba | 12 | 0.60 | 0.50 | 0.53 | -22.0 |
TSX-V Greatest Value Change
| Volume | close | change | ||
| Seabridge Gold | sea | 74957 | 17.32 | +0.97 |
| Pac Booker Min | bkm | 64985 | 8.60 | +0.90 |
| Capella Res | cps | 2585319 | 1.42 | +0.60 |
| Inspiration Mg | ism | 1562618 | 3.25 | +0.46 |
| Rainy River Rs | rr | 667866 | 4.25 | +0.39 |
| Mag Silver | mag | 386002 | 9.10 | +0.38 |
| Digger Res | dig | 20100 | 1.70 | +0.35 |
| Palmarejo S&g | pjo | 134085 | 9.30 | +0.35 |
| Midway Gold | mdw | 187600 | 2.99 | +0.34 |
| Gobimin | gmn | 388012 | 3.51 | +0.32 |
| Bear Creek Mng | bcm | 221200 | 6.60 | -0.54 |
| Pitchstone Exp | pxp | 392089 | 3.33 | -0.51 |
| Crosshair E&mg | cxx | 1403708 | 3.00 | -0.49 |
| Northern Dyn M | ndm | 794385 | 11.65 | -0.45 |
| Western Prospc | wnp | 422984 | 4.40 | -0.44 |
| Triex Minerals | txm | 250505 | 5.10 | -0.42 |
| Intl Enexco | iec | 202642 | 3.11 | -0.33 |
| Mawson Res | maw | 547395 | 2.50 | -0.30 |
| Aquila Res | aqa | 321699 | 1.61 | -0.28 |
| Sacre-Coeur Ml | scm | 80400 | 2.50 | -0.26 |
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