To begin analysing the most successful TSXV stocks of the week, it would be remiss not to begin with Gowest Gold. Ranking first this past week, this Canadian mining company has recently piqued investor interest with news of a significant deal leading to it going private.
**Gowest Gold**
This North Timmins based gold exploration company has seen an astoundingly successful week, with its shares surging by 86 percent. The thunderous increase is due to the significant news that the company has enticed New York-based Fortune Nickel and Gold Inc. to make an investment deal which leads to it going private. With their 966.8 percent share price increase year-to-date, Gowest Gold is undeniably a lucrative investment opportunity. Specializing in exploration, development and extraction of gold from their North Timmins Gold project, the company has been making strides with their advanced exploration plan.
This striking surge came as they announced that Fortune has agreed to acquire all the outstanding common shares of Gowest not already owned by Fortune or its affiliates. For each Gowest share, shareholders will receive CDN 0.02669 of a Fortune share, which is equivalent to CDN 0.10 per Gowest share. This is a remarkable 66.67 percent premium to the closing price of Gowest shares on Toronto’s TSX Venture Exchange (TSXV).
Coming at a time when gold has been performing admirably well, this profitable merger comes at an opportune moment for the company. Not only does it stand to benefit with an enhanced financial and technical capacity, but a diversified portfolio as well is on the horizon. A reasonable cause to explain the large influx of investors taking a keen interest in the company’s stocks.
**Other Top-Tier TSXV Stocks**
While Gowest Gold is this week’s top contender, other notable stocks in the TSXV market also marked their presence. These include EcoSynthetix, with a 17.08% increase, Melkior Resources, with an impressive 14.14% increase, Goldshore Resources that saw a skyrocketing 15.69% rise, and finally, Lagasco retaining a strong position with an 11.78% increase.
The remarkable performance of Goswest Gold that has everyone talking insinuates the current investors’ confidence in the gold sector. The continuous discovery of gold deposits also contributes to speculation about further positive developments in the gold industry.
Just as the Gowest Gold surge
