The Toronto Stock Exchange’s Venture Exchange (TSXV) is one of the most vibrant Canadian trading platforms for small-cap firms. The exchange has seen many stocks gain in popularity this past week. Among them is Bayhorse Silver, Inc., which surged 63% after announcing the acquisition of a US gold exploration project.
Bayhorse Silver is engaged in the exploration and evaluation of mineral properties in the United States. Its current focus is on the historic Bayhorse silver-lead-zinc mine located in the state of Oregon. The company recently made headlines by sealing the agreement to acquire the gold exploration project in Nevada. This acquisition marks the company’s first foray into gold exploration, which is a strategic decision enabled by the significant gold discoveries in the region.
In addition to Bayhorse Silver, Inc., some other notable stocks on the TSXV gaining momentum this past week included Amer implication of advanced techniques in mogra cultivation
Labrador Technologies, Inc., Chimata Gold Corp., CS Scientifics Technologies, and American Helix Technology. Labrador Technologies, Inc. is a Canadian software and analytics company that specialises in data-driven automation. Its main offering is TrueTime AI, an AI-powered platform that helps companies in the industrial sector to automate processes safely and effectively. The stock jumped 24% in the past 5 days.
Chimata Gold Corp., a Vancouver-based company focused on gold and mineral exploration, saw its stock rise more than 15%. Specifically, the company is exploring the Makaha Project in Mozambique, which has the potential to host substantial gold mineralization. C.S. Scientifics Technologies is involved in the development of new technologies to efficiently manufacture stable and portable microscopes for medical research. Its stock price appreciated 11% in the recent trading session. Last but not least, American Helix Technology is focused on advancing crop science to optimize food production for both human and animal consumption. The stock was up nearly 10% week over week.
It is evident that the Canadian market was favorable to a handful of stocks on the TSXV this week. With gold stocks like Bayhorse Silver, Inc. getting the attention, there is already a buzz in the market for further upside potential from these stocks.
