The Toronto Stock Exchange Venture (TSXV) is the premier destination for new and innovative technology companies from Canada and beyond. It is also home to the latest and greatest from some of the world’s leading companies. With investors always looking to make a profit and discover the new up-and coming, the TSXV is one of the most watched stock exchanges in the world.
This week was no exception, as a handful of stocks on the TSXV left their mark. Northwest Copper (TSXV: NWC) was the leader of the pack, with a gain of over 40%. Northwest Copper specializes in copper production in British Columbia. The company has recently announced a major resource expansion from its flagship Lynn Lake Project, which is expected to drive future revenue growth.
The second biggest winner on the TSXV was Cannabis Wheaton Income Corp (TSXV: CBW). Its shares jumped over 20% during the week. The company is a streaming rocket developing new products and technologies when it comes to marijuana-based medicine. CEO Chuck Rifici and the teams behind the company are working hard to come up with innovative and industry-leading solutions to the challenges of legal marijuana in Canada.
In third place this week was Myden Technologies (TSXV: MYX). Its shares rose by 15% during the week as the company delivered some strong news. Myden Technologies is a technology company which specializes in the development of integrated systems solutions. This week’s news was its collaboration with one of its major shareholders, South Korea’s LG Electronics. Myden and LG have agreed to collaborate to explore the potential for expanding the Artificial Intelligence (AI) markets in South Korea.
Moving on, Claudius Minerals (TSXV: CMN) was yet another winner on the TSXV this week, with gains of almost 10%. Claudius Minerals is a mineral exploration and development company. Its main focus is on the development of a significant lead-zinc-silver deposit in Newfoundland and Labrador. The company recently released a positive mineral resource estimate for the project, which will be used for ongoing decision-making and future planning.
The last major winner of the week on the TSXV was Abtar Holdings Inc (TSXV: ABT). Abtar focuses on the development of patented technologies, which will help to sustainably extract the benefits of cannabis. This week, the company announced that it has closed a $3 million, non-brokered private placement with Ativo Capital Corp. The proceeds from this placement will be used to further develop Abtar’s patented extraction technologies.
All in all, it was a strong week for some of the top stocks on the TSXV. Northwest Copper’s gain of over 40% was a huge number and highlights the importance of staying informed of the latest news on the TSXV. With investors always looking to make a profit, these five stocks are definitely ones to watch in the week ahead.