Last week, the
Canadian Stock Exchange saw several
familiar faces return to the list of top companies as ranked by
Prescient Mining Corp. (CSE:
the top stock by trading volume. It was followed by Shoal Point
Hi Ho Silver Resources Inc. (CSE:
Murchison Minerals Ltd. (CSE:
Celtic Minerals Ltd.(CSE:
Prescient Mining Corp.
Prescient Mining traded 2,060,000 shares last week and closed at
a price of $0.265. The junior resource company engages in
acquisition, exploration and evaluation of mineral properties.
Currently, Prescient has the right to a 100 percent interest in a
uranium property in the Athabasca Basin,
Saskatchewan. The project is located close to several other uranium
mines and exploration sites in the Athabasca Basin, which has
produced uranium for quite some time. On July 3, Prescient
announced it had granted an additional $500,000 secured loan to
a corporation working on becoming a license producer of medical
Shoal Point Energy Ltd.
Shoal Point Energy came in second in terms of trading volume,
trading 959,000 shares last week to close at $0.015 per share.
Shoal Point has a 100 percent interest in shallow rights in an
exploration license in the province of Newfoundland in the Port au
Port Bay. The project consists of 150,000 acres of oil-in-shale,
and can be developed largely from land. The company also has an
agreement to earn 80 percent in another similar oil-in-shale
project in the same province.
On July 3, Shoal Point
released the voting results of its annual
general special meeting of shareholders. Shareholders voted to make
the number of directors flexible, but currently set at three, and
also elected shareholders and an auditor, and solidified the
company’s stock option plan.
Hi Ho Silver Resources Inc.
Vancouver based Hi Ho Silver Resources, which explores and
develops mineral properties in British Columbia and
Saskatchewan, traded 875,000 shares last week to finish at
$0.02 per share. Its flagship project is the Fairview gold project
in Oliver, British Columbia. Hi Ho also earns a 100 percent
interest in the English Bay gold property in Saskatchewan and in
the Cherryville Silver property near Vernon, British Columbia. On
July 4, Hi Ho Silver
announced its board of directors appointed Ivano DeCotiis as
director and non-executive chairman. George Sookochoff was also
appointed to the board of directors. Both newly appointed directors
have experience in business and finance, according to the company’s
Murchison Minerals Ltd.
Murchison Minerals dropped from the top traded stock position,
trading 630,700 shares last week to close at a price of $0.10. The
company explores and develops mineral properties in East Africa and
currently holds a land position in central Uganda through mineral
exploration licenses. The property itself has promising geology and
is in a district with already proven rich in resources. Murchison
Minerals has the advantage of being the first company to explore
this area in a concerted way – most of the land package it holds
has not been explored.
Celtic Minerals Ltd.
Finally, Celtic Minerals traded 478,000 shares last week,
closing at $0.10 per share. Celtic is concentrated on
nickel deposits and is based in Alberta, with a
wholly-owned subsidiary, Celtic Gold Ltd, based in Colorado. The
company has resource properties in Colorado, Papua New Guinea and
Newfoundland, Canada. Currently, it is focusing on its Dawson
project in Colorado, and is setting up a local office and pursuing
permitting and exploration activities. Additionally, Celtic
Minerals has a license in Newfoundland that is currently in the
process of being converted to a mining lease.