“Breaking News: Luminex Rockets 50% on Adventus Acquisition – Plus 4 Other Top Weekly TSXV Stocks!

The TSX Venture Exchange (TSXV) is one of Canada’s top stock exchanges and it is always full of activity. This week is no exception with news of acquisitions and rallies in some of the biggest stocks listed on the TSXV. Let’s take a look at the 5 top TSXV stocks this week and what has been driving the market this week. Luminex Corporation (TSXV:LMNX) has been the biggest mover of the week with a rise of 50.25 percent on news of an acquisition by Adventus Capital. The acquisition, which was completed by Adventus Capital, will give Luminex a stake of 50 percent in the company. This move has put Adventus Capital in position to disrupt the reverse mortgage lenders market in the United States. This news came as a surprise and has sent Luminex shares soaring. The second biggest stock on the TSXV this week is Canadian Solar Inc (TSXV:CSIQ). The renewable energy company saw a surge of 27 percent this week following a contract that was secured in the United Kingdom. Canadian Solar will be providing energy to an industrial customer in the UK for a period of 10 years, an agreement that could be worth up to $400 million. This news sent the stock up 27 percent. Cardiol Therapeutics Inc (TSXV:CRDL) was the third-biggest mover of the week, with a rise of 25.18 percent. This was driven by a new product launch announcement. Cardiol announced that its flagship product, CardiolCAD, will be available in the United States. CardiolCAD is a revolutionary new medical device that is designed to help diagnose heart disease. This launch is seen as a major step in the company’s expansion plans and caused an immediate spike in the stock price. The fourth biggest mover of the week is Velocity Minerals Ltd (TSXV:VLC). This small-cap miner saw a rise of 24.9 percent during the week following news of an anticipated resource upgrade. The company is expecting to report a significant increase to the tried and true resources at its Rozino Project in Bulgaria. This news sent the stock price up 24.9 percent during the week. The final stock on the list is Kimfell X Inc (TSXV:KFX). Kimfell soared during the week, rising 17.44 percent on news of a partnership with Frost Inc. Kimfell, which is a promising small-cap artificial intelligence company, announced that it would be partnering with Frost Inc, a leading e-commerce platform. This partnership will give Kimfell access to new technology and customers that should help to drive future growth. The TSXV has been a busy place this week with lots of exciting news and developments. Luminex, Canadian Solar, Cardiol, Velocity Minerals, and Kimfell are the five biggest stocks on the TSXV this week and each of them experienced a surge in stock price. Whether the gains will be short-term or part of a rally remains to be seen – but with the news coming out this week, it looks like the future for these stocks is looking bright.