Canadian markets have seen a lot of activity in the past weeks. Several TSXV stocks have shot up a whopping 40-50 percent in gains, sparking investors’ hopes of a turnaround in fortunes. While most stocks have seen their prices drop significantly in the last few months, five select TSXV stocks have stood out with remarkable gains the past week.
Northwest Copper leads the pack with an impressive gain of over 40 percent in the last week alone. The Vancouver-based exploration and mining company has been operating in the copper exploration niche since 2015 and is already producing a significant amount of ore. As copper is in high demand for manufacturing and industrial applications, Northwest Copper’s strong performance is likely to add to the profitability of its operations.
Next up is Catalyst Iron Corp, a leading producer of iron ore pellets in North America. The company has seen its stock price surge by nearly 40 percent in the last week, making it one of the biggest gainers in the sector. As the demand for iron continues to increase, particularly for use in the automotive industry, Catalyst Iron Corp stands to make huge profits.
Another TSXV stock to note is American Manganese Inc, a leading producer of electrolytic manganese dioxide. The company’s stock has grown by just over 40 percent in the week, driven by the numerous applications and uses of manganese in various industries. Demand for the metal is only expected to increase in the near future, making American Manganese an attractive investment option.
New Resources Exploration Inc has also been performing well in the last few days with a modest gain of over 35 percent. The Vancouver-based exploration company is focused on mineral exploration in North America and holds a portfolio of major prospects in various countries, including the United States, Mexico, and Canada.
Finally, Muskoka Resources Inc has seen a gain of nearly 35 percent since the start of the week. The company engages in exploration and development of natural resource properties, primarily focusing on gold, copper, and uranium. As the need for alternative energy sources grows in the coming years, Muskoka is positioned to potentially benefit from the trend.
Overall, the last week has been positive for TSXV stocks with five major companies seeing significant gains. From northwestern copper to Muskoka Resources, investors are closely watching the trend in these businesses as they are poised to benefit in the coming months.