The TSX Venture Exchange (TSXV) features a vast selection of stocks predominantly in the resource sector comprising mining companies and oil and gas companies. This article will delve into five top weekly TSXV stocks showing notable performance, lead by HighGold Mining Inc.. with a stellar 59 percent gain following acquisition news.
1. HighGold Mining Inc.
HighGold Mining Inc., a mineral exploration company focused on high-grade gold projects in North America, took the lead with a massive weekly gain of 59 percent. The unprecedented rise was triggered by the company announcing the completion of the acquisition of the Munro-Croesus Gold project in Ontario. With an international portfolio of asset riches like the Johnson Tract project in Alaska, their portfolio’s recent expansion bolstered shareholders’ confidence, reflected in the stock price spike to C$1.65 from C$1.03.
2. NexOptic Technology Corp.
Following closely, NexOptic Technology Corp., specializing in revolutionary lens technologies, saw a weekly increase of 56.67 percent. This growth can be attributed to the company revealing their AI tech for a new fishing app called FishFindr. It uses proprietary technology to help recreational fishers. It rose from last week’s C$0.1584 to C$0.2480, presenting a substantial increase.
3. Mountain Boy Minerals Ltd.
Mountain Boy Minerals, engaged in the acquisition, exploration, and evaluation of Canadian mineral properties, saw a 39.08 percent rise to C$0.29 from C$0.20 in a week. This growth is linked to the company’s announcement about discovering new targets at its American Creek property in British Columbia. The revelation underscored the company’s commitment to maximizing its properties, thereby stirring investor interest.
4. American Lithium Corp.
Coming in fourth is American Lithium Corp., a leading lithium company that had an impressive climb of 28.13 percent to C$1.85 from C$1.38. Investor interest piqued by accelerated drilling operations at the Tonopah Lithium Claims project in Nevada spurred the growth.
5. Empower Clinics Inc.
Finally, Empower Clinics, a wellness brand with a network of physician-staffed, health & wellness clinics in the U.S, saw a 27.42 percent boost to its stock price, moving from C$0.775 to C$0.99. The company unveiled plans to launch new patient services including a direct-to-consumer hormone therapy offering, boosting investor confidence.
Thus, these five stocks on the TSXV exhibited impressive growth, with HighGold Mining leading the way with its robust 59 percent surge. Positive developments, featuring acquisitions, new targets, technological advancements, and service enhancements, played a crucial role in these gains.
