The TSX Venture Exchange is a great stock market for investors looking for higher returns and higher risk. Every week, investors can look forward to seeing which stocks on the TSXV have seen the biggest moves in price. This article aims to provide a summary of the five best performing stocks from this past week.
Let’s start with Benton Resources Inc which saw its stock price jump a whopping 122% last week. Benton Resources is a resource exploration and development company with a focus on gold, copper, and nickel projects located in Canada and Finland. The company was boosted last week after releasing an impressive report outlining a successful first half of 2019, including promising drill results from their Finland project. The report seems to be the catalyst investors needed to bid up their price to hit a 2020 high.
We move onto the second best performing stock – Highlands Exploration Inc. which saw its stock price rise 53%. Highlands is a mineral exploration company that focuses on the acquisition, exploration, and development of properties in Peru. Last week, investors cheered the news that the company had identified copper and gold prospects in their newly acquired exploration project in the country.
Speaking of a new exploration projects, Monarch Gold Corporation saw their stock price rise 50% in the week. Monarch is a gold exploration and development company that currently owns and operates the Wasamac and Camflo gold projects in Québec, Canada. Last week, the company released a positive report which outlines promising exploration and development programs being executed near the Wasamac project in 2020.
Next on the list is New Age Metals Inc, which saw its stock price rise 17%. New Age Metals is a mineral exploration company focused on developing the River Valley Project, one of the largest primary palladium deposits in Canada. The stock was lifted last week after the company secured an additional $3.9 million in financing to further exploration activities.
Last but not least, Northern Gold Mining Inc saw its stock price rise 13%. Northern Gold is a junior mining exploration and development company focused on acquiring and advancing gold projects in the Abitibi Greenstone Belt in Ontario and Québec, Canada. The company was boosted last week when Northern Gold announced that it had received a positive preliminary economic assessment report on its Garrcon and Jonpol gold deposits.
These stocks have showed impressive performance in the week and investors can keep an eye on them for further weekly updates.