Mining stocks are taking over the TSXV today! Despite all the red on the TSXV, there are a few mining stocks that are shining green.
Today, we’ll take a look at those companies and their latest announcements.
Mining Stocks to Watch: Max Resources Corp. (TSXV:MXR)
Max Resources has had an exceptional year on the TSXV in 2019 so far. Year-to-date, the stock is up over 135%. The Vancouver, British Columbia-based mining company has had some big announcements in the past two weeks, which are likely the cause for the spike in share price.
Nine days ago, the mining stock announced positive test samples from its five conglomerate trial pits in its Choco Precious Metals project in Colombia. After this announcement, Max Resource’s stock began to climb.
Four days ago, the mining company announced it had entered into a Sponsorship Agreement with Star Finance. Star Finance is a corporate communication company in Europe. The stock took a dip yesterday but has rebounded exponentially today.
At the time of writing, MXR is currently trading at $0.33 a share, up +$0.05 (+17.86%). MXR is the top mining stock trading on the TSXV today and is leading the entire venture exchange for daily trade volume.
Mining Stocks to Watch: Great Bear Resources Ltd. (TSXV:GBR)
Great Bear Resources is also among the top trading mining stocks today on the TSXV. This mining company is also based out of Vancouver, British Columbia, and it explores mineral properties in Canada.
Year-to-date, GBR has seen explosive growth over 57%. Over three weeks ago, the mining company announced positive drilling results at its Dixie project and that’s the last news released by the company. It seems investors are impressed with the results and are continuing to buy up the stock.
According to Yahoo Finance, the mining stock is currently trading at $3.65 a share, up +$0.30 (+8.96%).
Featured Image: DepositPhotos © TTstudio