The Toronto Stock Exchange (TSX) provides investors with a great opportunity to find and research stocks and achieve strong returns. Every week, investors around the world are actively monitoring the TSX for the best stocks to buy. This week, some of the best stocks on the TSX include McEwen Mining Inc, Kontrol Energy Corp, Pace Capital Corp, Roundview Capital Inc, and Pure Technologies Ltd. Here is a brief look at each of these top stocks, as well as a discussion of why they have enjoyed strong performances this week.
McEwen Mining Inc (TSX:MUX) has seen its share prices jump nearly 24 percent this week. This rise is likely due to the news that Stellantis Nuton Investments has taken a 9.9 percent stake in the company. Earlier this month, McEwen also reported impressive quarterly earnings, with revenues more than doubling year-over-year. The company has since seen its share prices more than double in 2021 alone.
Kontrol Energy Corp (TSX:KNR) reported strong Q1 2021 results this past week, which has helped send its share prices up 22 percent. The company posted record revenues of $10.4 million, up 151 percent from the year-ago quarter. In addition, the company announced a strategic partnership with Fervo Energy to develop renewable energy projects in North America.
Next up is Pace Capital Corp (TSX:PACE), which saw its share prices rise by 20 percent this past week. The company is fresh off a successful equity financing that raised $6 million in gross proceeds. The funds will be used to invest in early stage technology startups. In addition, Pace Capital also announced the launch of its new “Invomption” app, which will enable users to quickly access tailored investment recommendations.
Roundview Capital Inc (TSX:RND) is another stock that has seen its share prices jump this week, up 15 percent. Roundview reported solid Q1 2021 financial results, with total revenue up 12 percent year-over-year. The company also announced the launch of a new investment fund that will focus on sustainable investing. The fund has received interest from a number of high-profile investors, which has likely contributed to the stock’s strong performance this week.
Finally, Pure Technologies Ltd (TSX:PUR) is up 11 percent this week after releasing strong Q4 2020 financial results. The company posted record revenue of $18.9 million, up 12 percent year-over-year, and increased its cash on hand by 37 percent. In addition, the company announced a strategic partnership with Lixar, which will give Pure access to AI technology and further expand its service capabilities.
This week, investors on the TSX have had plenty of options to invest in strong-performing stocks. McEwen Mining Inc, Kontrol Energy Corp, Pace Capital Corp, Roundview Capital Inc, and Pure Technologies Ltd are just a few of the stocks that have seen their share prices jump this week. As you can see, each of these companies has unique and compelling stories, making them great additions to any investor’s portfolio.