The TSX Venture Exchange has been abuzz this week with some large gains from certain stocks. Grand Portage Resources Ltd is one such stock, with its share price rising from $0.17 to $0.26 over the past five days, an impressive 51 percent gain. This surge has earned the company a place among the top five weekly performers, as tracked by Godzilla Newz.
Grand Portage is a mineral exploration firm based in the province of British Columbia. The company’s current focus is its wholly owned Grand Portage property, located in the Golden Triangle region of northwestern British Columbia. This particular region is known for its rich deposit of mineral products, making it a lucrative location for salable ore.
On April 6th, the company announced the commencement of their 2021 surface exploration program at the Grand Portage property. This exploration is aimed at obtaining core samples, which will be sent off to a laboratory to be further analyzed. Based on previous samples taken, the project is expected to yield additional information about the property, its potential for ore discovery and the valuation of the property.
As such, the recent rise in the company’s stock price could be due to investors sensing potential. However, investors should do their due diligence before jumping into any investment, as the stock price could crash just as quickly as it has gained.
With its current focus on mineral exploration, Grand Portage has positioned itself to become a leading player in the valuable mineral industry. Whether it succeeds or not is yet to be seen, but as of now it is definitely one of the top performers of the week on the TSX Venture Exchange.