Every Monday morning, stock enthusiasts and investors alike browse through the list of top weekly pre-market TSXV stocks hoping to capitalize on a possible investment opportunity. After a long week of watching and waiting, it was Bayhorse Silver Inc. that made headlines this week with an increase of 63 percent.
According to a press release issued by Bayhorse, the company is a mineral exploration and development company that specializes in silver projects in North America. The primary focus of the company is on potential development and production of the Bayhorse Silver Mine in Oregon, which has historically produced high-grade silver ore.
The stock surge was driven by news that the company had completed the second tranche of its non-brokered private placement of common shares. The news created an increase in investor optimism for the company. While the stock has now receded slightly, it remains up over 40 percent from its prior week close.
In addition to Bayhorse Silver Inc., four other top pre-market TSXV stocks for the week include:
1. Scandium International Mining Corporation was up 20 percent after releasing news of a significant increase in their scandium oxide production.
2. Cora Gold Limited saw a surge of 16 percent after the company reported additional positive results from the exploration of their Sanankoro Gold Project in Mali.
3. Tantalex Resources Corporation jumped 13 percent after announcing progress on their Dit’ou Tantalum-Niobium Project in the Republic of Congo.
4. Telson Mining Corporation was up 12 percent after announcing that the Company’s subsidiary, Minera Peñoles Telson, had moved its Campo Morado operation to full capacity with an additional haul truck and a contractor production crew.
In the stock market, big changes are often sudden and unpredictable. As of Friday’s close, the five hottest pre-market TSXV stocks this week all saw impressive double-digit growth. Further stock performance will depend upon news from the companies, as well as larger market factors. Investors should do their own research and understand the risks involved before investing into any stock.