Over the course of the past year or so, the mining and exploration sector has seen considerable traction among investors, and for good reason too. The prices of commodities have fluctuated wildly due to the global economic situation and that, in turn, led to a bigger interest in companies involved in the sector. The theme could well continue this year and hence, it could be a good move for investors to consider taking a look into some of the companies which could be worth tracking in 2023. Here is a quick look at four of those.
Houston Natural Resources Corp (OTCMKTS:HNRC) – Last week the Houston Natural Resources Corp stock soared by as much as 57.99% after the company announced strong results in the fiscal year ending December 31, 2022. Revenues shot up to $205,167,899 and recorded a year-on-year rise of 12.6%, while the total earnings went up by 25.5% year on year to touch $9,821,899.
Tocvan Ventures Corp (OTCMKTS:TCVNF) (TOC.C) – Last week, the Tocvan Ventures Corp stock had been in the middle of a remarkable rally in Canada and clocked gains of as much as 22.91% for the period. The company announced back on February 23 this year the highlights from the results of its channel sampling work at the Pilar Silver-Gold Project in Sonora, Mexico. The average grade stood at 2.2 g/t Au and 14.2 g/t Au.
Puma Exploration Inc (OTCMKTS:PUMXF) (PUMA.V) – The trading volume in the Puma Exploration Inc stock had been rising steadily in the Canadian markets last week and it may well be a stock worth tracking.
The company had been in the news cycle last month after it announced that it had got the authorization to move forward with the 4000 tons bulk sample at the Lynx Gold Zone from the Department of Natural Resources and Energy Development of New Brunswick.
Clifton Mining Company (OTCMKTS:CFTN) – There was no news about Clifton Mining Company this past Friday but the company’s stock was in considerable focus and ended up with gains of as much as 21% amidst heavy interest.
Earlier in the year in January, it was announced that its business unit Desert Hawk Gold Corp had been awarded a major extension on its mining lease at the Kiewit mining lease by the Bureau of Land Management. It also led to the allowable mining material to be mined to be raised to 10 million tons from 2 million tons.