Weekly tops on TSXV show equity markets in strong trends, with Northwest Copper leading the way. The Canadian based mining and exploration company gained an impressive 40% over the week. Analysts say the stock demonstrated exceptional performance in comparison to the broader market, setting a strong tone for commodities and metal stocks.
Northwest Copper is an up-and-coming cobalt focused mining and exploration company based in British Columbia. The company’s cobalt assets are located in Rwanda, the Democratic Republic of Congo and on the Canadian Shield. Northwest Copper recently conducted a successful resource estimate for a cobalt-bearing orebody in Kilomoto, located in the DRC. It is estimated to contain 1.15 million tonnes of cobalt, providing the company with a strong opportunity for future growth and upside.
Coming in at number two on the weekly TSXV top list is Lions Gate Metals, Inc, a Vancouver based junior exploration firm. The company saw its stock climbing 33.33%. The surge follows an announcement of their new drill program at the Mount Pierre Property, located east of Vancouver. The program is designed to explore and expand on the area’s current copper and gold potentials.
A close third is the GoldenPath Resources Corporation. The company, which engages in the acquisition and exploration of mineral resource properties in Canada and South America, saw its stock increase 23.08%. This slight gain comes after the company announced the acquisition of mineral exploration licenses located in the south of Ecuador, in Esmeraldas Province.
Exploration in this area could provide investors with further upside in the future.
Next on the chart is QYOU Media PLC, an international entertainment company. QYOU Media, which operates a library of short-form content dedicated to internet, television, and mobile audiences, generated 17.1% increase in its share price. That increase was supported by a strong earning report, which noted an 87% year-on-year increase in revenue, as well as a record-breaking number of video views per month.
Finally, rounding out the top five is BTL Group. The Canadian blockchain technology company experienced a gain of 15.14%. The stock saw positive news after the company announced the launch of a cryptocurrency rewards program using BTL’s Interbit blockchain platform. The move is expected to provide BTL with a competitive edge in the blockchain technology sector.
Overall, the TSXV top five stocks demonstrate a strong trend of increasing stock prices across the market, led by Northwest Copper. Mining and exploration stocks, such as Lions Gate Metals and GoldenPath Resources are clearly leaders in this trend, while blockchain technology and entertainment companies also show strong performances for the week.