The S & P / TSX Composite Index (INDEX:OSPTX) was at 20,316.84 early last morning (May 20).
After the start of the week at 20,116.04 the index began to rise after China’s decision to lower the key interest rate on long-term loans to boost the real estate market; it eventually closed at 20,197.24.
“Today’s reduction to the five-year lending rate (LPR) should help revive home sales, which have recently gone from bad to worse.” Cited by Reuters As Julian Evans-Pritchard of Capital Economics said. “But the lack of any reduction to the annual LPR suggests that (the People’s Bank of China) is trying to continue targeted easing and that we should not expect the large-scale stimuli we saw in 2020.”
Looking at the goods, gold was set to make his first weekly gain in five weeks; silver was also on track for weekly gains amid a weaker US dollar.
Against this background, last week the share prices of a number of companies increased. Five on the TSX list for mining and energy The shares that received the most profit are the following:
- Filo Mining (TSX:FIL)
- Cardinal Energy (TSX:CJ)
- Great (TSX:LGO)
- Aya Gold and Silver (TSX:АЯ)
- Verde Agritech (TSX:NPK)
Here’s a look at these companies and the factors that shifted their stock prices last week.
1. Filo Mining
Led by Filo Mining, a member of the Lundin group, which focuses on promoting its Filo del Sol copperA gold and silver deposit located in Region III of Chile and the province of San Juan adjacent to Argentina.
The company released analysis results over the past month, and when it released no news last week, Filo’s share price rose 41.22 percent to C $ 23.47.
2. Cardinal energy
The cardinal energy is this oil-focused company with operations focused on light, medium and heavy oils in Western Canada. May 12 campaign published first quarter resultsshowing that total production increased by 12 percent over the same period last year, and crude oil production increased by 18 percent.
Over the five-day period, Cardinal’s share price jumped 34.89 percent and ended at $ 9.24.
3. Largo
Largo is a vertically integrated manufacturer and supplier of high quality vanadium, a metal that comes mainly from the Maracas Menchen mine in Brazil. After purchasing vanadium redox batteries technology in 2020, Largo is working on the vertical integration of its vanadium products with VCHARGE vanadium battery technology.
Last week, shares of Largo rose 31.11 percent to 12.77 Canadian dollars by the end of the period.
4. Aya gold and silver
Aya Gold and Silver focuses on the acquisition, exploration and evaluation of minerals in Morocco. Her flagship projects are the Zgunder silver mine and the Bumadin polymetallic deposit.
May 13 campaign published earnings in the first quarter $ 9.2 million, up 7 percent from the first quarter of 2021. During the five-day period last week, the company’s share price jumped by 28.31 percent and ended at 7.57 Canadian dollars.
5. Green Agritech
Verde Agritech is developing its Cerrado Verde project, located in Brazil. The project is a source of potassium-rich deposits from which the company intends to produce solutions for crop nutrition, plant protection, soil improvement and increased resilience.
Last Monday (May 16th) the company released updated previous feasibility study for its Cerro Verde project, showing that a third plant worth $ 52.77 million could increase capacity by 10 million tonnes a year, and construction is scheduled for 2023. Shares of Verde Agritech rose 26.47 percent last week to $ 9.89.
Data for the top 5 TSX Performers weekly articles is obtained every Friday at 10:30 a.m. by EST through the TradingView stock check. Only companies with a market capitalization of more than C $ 50 million in profit for the week are included. Companies within the framework of non-energy minerals and energy minerals are considered.
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Disclosure of Securities: I, Priscilla Barrera, am not involved in any direct investment in any of the companies mentioned in this article.
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