Most mining stocks are holding strong today on Canadian markets. There are a few that have seen strong dips in their share prices, but January was a great month for the industry as a whole. Many of the top Canadian mining companies reported positive drill results and also acquired new properties.
Will the gains continue into February? That’s hard to track, but it’s looking good so far. Today, we’ll take a look at the top trading mining stocks on Canadian markets.
Scorpio Gold Corporation (TSXV:SGN)
Scorpio Gold is the top positively trading mining stock on the TSXV today for trade volume. The Vancouver, British Columbia-based exploration company announced major news today, pushing its shares up. Scorpio holds 100% interest in the Goldwedge property in Manhattan, Nevada.
This morning the company announced a $6 million USD convertible debenture private placement financing. The company plans on using the net proceeds for a buyout and for general working capital.
At the time of writing, SGN is trading at $0.035 a share, up +$0.005 (+16.67%).
Walker River Resources Corp. (TSXV:WRR)
Walker River Resources is among the top trading mining stocks on the TSXV today. The company is an exploration stage company also based out of Vancouver. Walker River owns various minerals properties in Canada and the US.
This morning Walker River announced the initial drill results from its 2018 drill program on the Lapon Canyon Gold Project in Nevada.
Michel David, President of Waler River, explained:
“We are very excited and encouraged by these and past drill results which confirm the potential of the project. Most of the holes drilled in the Lapon Rose zone have returned significant gold grades and widths. We have also extended the strike length and width of the gold mineralization in Lapon Rose and have also shown that the gold mineralization is present over 400 vertical meters. The zone is also open at depth and strike. We will continue our exploration at Lapon and are excited about the future at this project.”
At the time of writing, the mining stock is trading at $0.11 a share, up +$0.02 (+22.22%).
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