As Canadian investors continue to look for viable options to diversify their portfolios, the Toronto Stock Exchange Venture Exchange (TSX-V) has become one of the best places to seek and find burgeoning companies to invest in. After all, it is the premier exchange for public listed companies in the country. And in the past week, the TSX-V has seen five stocks soaring to the top with eye popping gains of over 100 percent in just seven days.
In the lead is Bayhorse Silver Inc with an impressive gain of 139 percent. Despite a short trading week, the TSX-V saw the stock soar with big buyers taking an interest in Bayhorse’s Santander property in Peru’s Santa Cruz district. With the company ready to start silver production at the property as early as 2021, it is easy to see why investors were keen to get their hands on the stock.
The next company on the list is Petrolympic Ltd. with its own impressive jump of 118 percent. The Canadian based oil and gas company has been busy moving forward with its St-Lawrence-Gaspe strategy and investors onboard. This allowed the stock to finish the week at 3.5 cents per share and investors are hoping for much more from the upwards momentum.
The three other companies making up the top five for this week are Belmont Resources (83.8 percent), Kingman Minerals (70 percent) and DePacific Capital (49.4 percent). Belmont has seen investors take notice of its interest in the Kerr property in British Columbia. Kingman’s news of starting exploration at its Goldfield property in Nevada has generated bullish investor sentiment. DePacific received a big thumbs up from investors for its announcement of a strategic partnership with global conglomerate Google. Thus, marking it yet another great week as the TSX-V continued to surge ahead.
It is clear that Canadian investors have put their faith in the TSX-V and see it as one of the best places to make money. With companies striving to turn a profit, and investors ready to invest, the Canadian stock market is in for a great future.