5 Top TSX Stocks: Exchange Drops on Lower Oil Prices

The S&P/TSX Composite index (INDEXTSI:OSPTX) was down last week by 1 percent to 14,785.29 points.

Reuters Canada reported on Friday that energy stocks and lower oil prices drove the index down after reaching a 16 month high the week before.

Still, a number of sectors on the index saw firm weekly gains.

Companies that were on the upward swing for the five-day period included:

• Euromax Resources (TSX:EOX)
• Perseus Mining (TSX:PRU)
• Arizona Mining (TSX:AZ)
• Nautilus Minerals (TSX:NUS)
• AuRico Metals (TSX:AMI)

Here’s a look at those companies:

Euromax Resources

Euromax Resources topped last week’s 5 top TSX stocks for the second week in a row. The company is currently focussing its attention on building and operating the Ilovica-Shutka copper–gold project in Macedonia. In September, the company announced a land acquisition and resettlement framework for further development of the project, which can be read in full here.

Last week, shares of Euromax Resources climbed 18.45  percent to close the five-day period at $0.77 each.

Perseus Mining

The second top-gaining stock on last week’s TSX was Perseus Mining, whose shares increased 13.31 percent to close the week at $0.60.

The company is currently focused on gold production in West Africa. After acquiring Amara Mining PLC earlier this year, the company has added the Edikan Gold mine and Sissingue and Yaoure projects to its portfolio.

Arizona Mining

Arizona Mining is currently focused on developing its 100 percent-owned Heromsa project in Arizona. The company’s Taylor Deposit–a lead–zinc-silver-carbonate replacement project–has resource estimates of 39.4 million tonnes grading 11 percent zinc equivalent.

On October 24, the company announced that a new Taylor resource is expected in the next week.  With that being said, shares of Arizona Mining increased 9.23 percent last week to $2.84.

Nautilus Minerals

Next is Nautilus Minerals, who claims to be the first company to explore the seafloor