In the week ending on November 26th, TSXV stocks exhibited some dramatic fluctuations, with numerous equities experiencing heavy trading and significant price movements. Out of these, Lomiko Metals Inc. surged 133 percent, making it the week’s biggest gainer. This article will spotlight the top five weekly TSXV stocks, giving special attention to Lomiko Metals’ significant surge.
1. Lomiko Metals Inc. (TSXV:LMR):
Lomiko Metals Inc. led the pack with a jump of 133 percent. The catalyst for this rise was the approval of a $4.9 million investment from the Federal Government of Canada into a graphite purification initiative jointly operated by Lomiko Metals and Critical Elements Lithium Corporation. This government investment is intended to revolutionize the purification process of flake graphite for use in lithium-ion batteries, which are essential for electric vehicles, a sector anticipated to boom in the coming years. Lomiko Metals ended the week at C$0.38 per share.
2. Mako Mining Corp. (TSXV:MKO):
Mako Mining Corp., a gold mining company with primary operations in Nicaragua, followed with a gain of 72.73 percent. This dramatic rise can be linked to the company’s November 24 announcement that processing has restarted at its San Albino gold mine following a scheduled and planned maintenance period. The company’s shares closed at C$0.30.
3. Adamera Minerals Corp (TSXV:ADZ):
The third-biggest gainer of the week, Adamera Minerals Corp, leaped by 66.67 percent. This impressive hike came close on the heels of the company releasing high-grade copper, gold, and silver drill results from the Oversight property in Washington State, USA. The company’s share price amassed to C$0.025 at the close of the week.
4. Arctic Star Exploration Corp (TSXV:ADD):
Arctic Star Exploration Corp., ended the week with a 64.71 percent gain. Arctic Star has notable mineral exploration projects in the field of diamonds and precious/base metals. The boost in the share price could be attributed to investors’ anticipation for the diamond drill results from Arctic Star’s Timantti Project in Finland. The shares closed the week at a price of C$0.23.
5. Montage Gold Corp (TSXV:MAU):
Montage Gold Corp, a Canadian company focused on gold exploration and development in Côte d’Ivoire, Africa, witnessed a weekly gain of 63.16 percent. The company’s performance can be traced back to its mid-November announcement of a positive preliminary economic assessment at its Morondo Gold Project in Côte d’Ivoire. By week’s end, the company’s stock settled at C$0.98 per share.
In summary, the past week has seen notable performances from various TSXV-listed stocks, with Lomiko Metals leading the pack following an impressive 133% surge, catalyzed by a substantial government investment into its graphite purification project. These companies, along with others in the TSXV, have provided investors with intriguing opportunities for investment, which are projected to continue in the forthcoming weeks. Investors are reminded to conduct thorough research and due diligence when considering investing in these volatile stocks.
