The TSX Venture Exchange, also known as the TSXV, is a venture capital market headquartered in Toronto, Canada. The TSXV is the leading stock exchange serving smaller public companies in the country and has been building up a solid portfolio of stocks over the years. Over the past week, some of the best performers within the TSXV have been Colonial Coal Corp., Power Ore Inc., IsoEnergy Ltd., Kintavar Exploration Inc., and Maverix Metals Inc.
Colonial Coal is a Canadian-based metallurgical coal company with its corporate headquarters in Vancouver, British Columbia. The company focuses on the exploration and development of its current properties in the Elk Valley of British Columbia. The company’s shares have been on a tear lately, with an impressive 40% rise just last week alone. Furthermore, based on the company’s current share price, investors will be receiving an impressive equity market capitalization of $123.9 million.
Power Ore Inc., another top-performing stock of the past week, delivered extremely positive gains to its investors; the security saw a surge of 26.4% in the last 5 days. Through a series of exploration projects, the company seeks to discover and develop high-grade zinc, copper, gold, and silver deposits in Canada’s Abitibi region. Last week, the company announced the addition of Steve Blaney as a Senior Advisor to the Board of Directors which further increased investor confidence in the security.
IsoEnergy Ltd., a uranium exploration and development company placed third on the list, seeing a 20.7% rise in the past 5 days. The company has a main focus on strategic property acquisition and the exploration of the Frontier Deposit located in the district of West Manitou, Manitoba. Late last week, the company announced the commencement of a 2,500 meter drill program at the project, which indicates the company’s expectations of good potential from the region.
Kintavar Exploration Inc. saw a 12.9% increase in its share price over the past 5 days. Headquartered in Montreal, the company is a minerals exploration firm focused on the development of its two primary and highly prospective projects; the Mitchi and Scorlip projects, both located in Quebec. Last week, the company announced the closing of over $1 million in additional financing.
Finally, Maverix Metals Inc. bottomed out the Top 5 list with an impressive 10.7% jump last week. The Vancouver-based royalty and streaming company focuses on acquiring precious metal royalties and streams from primary, secondary and advanced mining projects across the world. On Wednesday, the company announced the acquisition of a precious metal stream from the Pan Mine Project which is situated in Nevada and the agreement with Great Panther Mining Limited.
To summarize, the Top 5 TSXV stocks of the past week have been Colonial Coal Corp., Power Ore Inc., IsoEnergy Ltd., Kintavar Exploration Inc., and Maverix Metals Inc. Investors were impressed with the accomplishments of each of these companies, resulting in strong gains of between 10.7% and 40% for the securities over the past 5 days. With such impressive performances, investors can expect even more returns from these stocks in the near future.