“Vanstar Takes the Lead: The Top 5 TSXV Stocks Surging on IAMGOLD Acquisition News

One of the greatest challenges when investing in stocks is seeking out the investments that can yield the biggest returns. With countless companies on the Toronto Stock Exchange Venture (TSXV), making potential investments harder to assess. Every week, there are notable stocks on the TSXV that have a track record of market performance. Research can help investors navigate the market and make lucrative decisions. This article will outline the five top weekly stocks on the TSXV, including Vanstar Mining Resources Inc. (TSXV: VSR), one of the biggest risers due to recent news of an update to its partnership with IAMGOLD on the Nelligan project. Vanstar Mining Resources Inc. (TSXV: VSR) was the top stock on the TSXV, rising an impressive 99.62% on the week. On April 5, the company announced that it has reached a revised arrangement with IAMGOLD whereby IAMGOLD now is allowed to own up to 70% of Vanstar’s rights and obligations under the Nelligan Option Agreement. With the new update to its partnership, investors are recognizing the potential of the Nelligan project. Up next was Terranueva Corporation (TSXV:TEQ), which rose a solid 79.25%. The company announced that it has organized a special meeting of holders of its non-convertible debt subordinated notes on April 1. The notes are expected to be exchanged for equity, which is why the stock rose significantly throughout the week. Birchcliff Energy Ltd. (TSXV:BIR) rose 27.36% over the week, in part due to the company’s well-performing operations on its properties. On April 5, Birchcliff announced that it has completed its Five Creeks Musreau asset sale, and investors are seeing the long-term benefits of the deal. The fourth biggest stock on the TSXV this week was Whitecap Resources Inc. (TSXV:WCP), which rose 23%. At least part of the recent success of the stock can be attributed to Whitecap’s announcement that it has increased its total credit facility from $2.3 billion to $2.5 billion. Its share price rose because it allows the company to boost its overall liquidity for future investments. Finally, Canada Nickel Company Inc. (TSXV: CNC) rose 13.91%. On April 1, the company announced that it intends to move forward with its Crawford Nickel-Cobalt Sulphide Project. Even though the project is still in the early stages of development, investors are already seeing the long-term potential of this project and its effect on the company’s overall health. In conclusion, investors have various options when it comes to selecting profitable stocks on the TSXV. While research and market intelligence can drive success, taking advantage of the weekly performances can also lead to earning strong returns. This week, Vanstar Mining Resources Inc. (TSXV:VSR) led the list of the five top performing stock on the TSXV due to revised news of its partnership agreement with IAMGOLD.