The TSX Venture Exchange (TSXV) is the premier arena for emerging businesses and companies looking to enter the public market. Located in Toronto, Canada, the exchange is home to hundreds of listings across multiple sectors and industries. As such, investors have plenty of opportunities to build diversified portfolios when looking for TSXV stock picks.
This week, five top stocks on the TSXV caught the attention of investors. Luminex Corporation, Peabody Energy, Total Energy Services, BlueThunder Technologies, and Emergence Resources were among them. Here’s a quick look at what each of these five top weekly TSXV stocks has been up to and how they’ve been performing.
Luminex Corporation: On Friday, the company announced the acquisition of Adventus Exploration, a mineral exploration company. This news pushed Luminex’s stock price up by over 50%, making it one of the top stocks on the TSXV this week. Peabody Energy: Peabody Energy, a U.S.-based coal and natural gas company, made headlines this week as its stock price increased by over 12% since Monday. Investors were encouraged by the company’s increased outlook for the year.
Total Energy Services: This company helps build, manage, and operate oil and gas infrastructure and services. This week, Total Energy announced the completion of two new projects in Western Canada which prompted investors to pour in money, pushing its stock price up by over 25%.
BlueThunder Technologies: BlueThunder provides software solutions for businesses ranging from accounting and finance to customer relationship management and enterprise resource planning. This week, the company gained 7% in stock value thanks to an announcement of a strategic partnership with a major e-commerce platform.
Emergence Resources: Emergence Resources focuses on the production, exploration, and development of oil and gas resources located in Arkansas. The company’s stock price rose by almost 10% this week due to the increasing demand for fossil fuels and its robust operational performance in the past quarter.
It’s clear that the five top weekly TSXV stocks offer investors plenty of diversification. As new acquisitions and deals are announced, investors can keep an eye out for these stocks as potentially worthwhile long-term investments.