Last week’s high-stakes stocks on TSX included South Gobi Resources, Titan Mines, Workers Power, Sierra Metals and Influenza Oil.
The S&P / TSX Composite Index (INDEXTSI: OSPTX) opened last Friday (October 1), trading at 20,106.39 at noon. Closed time with 20,146.51.
Statistics Canada released the country’s latest economic data at the time. Despite an increase in mining stocks, the index was on track for its worst weekly performance in eight months.
Gold and silver rose on Friday as the US dollar weakened and inflation eased.
Here are the five mineral stocks listed in the last TSX that saw the biggest gains
- Southwest Resources (TSX: SGQ)
- Titan Mining (TSX: TI)
- Crew Energy (TSX: CR)
- Sierra Metals (TSX: SMT)
- InPlay Oil (TSX: IPO)
Here are the things that moved those companies and their stock prices last week.
1. SouthGobi Resources
South Gobo’s resources are concentrated on the Ovoto Tolgoi mine near the China-Mongolian border, 46 kilometers north of the China-Mongolian border. The company also holds mining and exploration licenses for other metal and coal reserves in Mongolia, South Gobi.
The integrated coal supplier did not release any news last week, but Southwest’s stock traded up 140.63 percent at $ 0.77 at the end of the period.
2. Titan Minerals
Titan Mines owns Empire State Mines, a group of high-end zinc mines in New York’s St. Lawrence County. For more than 100 years, mining has produced 44 million tons of zinc at an average of 9.4 percent, equivalent to 4 million tons of zinc.
Earlier in September, the company announced that it had disbursed $ 1.4 million in cash. Last week, the company’s shares rose 41.43 percent to 0.495 C.
3. Labor force
Oil and natural gas producer Crew Energy’s operations are mainly focused on Montney’s northeast monastery, which covers an estimated 277,000 hectares of adjacent land.
Over a five-day period, Crew Energy shares increased 22.63 percent to C $ 3.36.
4. Conspiracy Metals
Sierra Metals is a growing polymetallic mining company from Peruvian Jericho Mining and Bolivar and Cushi Minerals in Mexico.
Last week, Sierra Metals increased its share price by 21.28 percent to $ 2.85.
5. InPlay oil
InPlay Oil is a small oil development and production company based in Calgary, Alberta. The company’s operations focus on large oil-field pools with low recovery rates, low degradation and long-term storage, and are primarily focused on cardio production in Alberta.
Last Tuesday (September 28), InPlay Pre-Hurricane Resources (TSXV: PSEC) entered into a formal agreement with a manufacturer of light-cardioid-focused light-carbide in Central Alberta’s Wildson Green area. The total net worth of the deal is approximately $ 40.5 million. InPlay shares traded up 19.23 percent last week at C $ 1.55 over the weekend.
For 5 top weekly TSX stock articles, PST returns every Friday at 10:30 am using TradingView stock screen. Prior to the week’s profit, only companies with a market capitalization of more than $ 50 million were included. Companies in the field of non-energy minerals and energy.
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Warranty Statement – I, Priscilla Barrera, have no direct interest in any of the companies mentioned in this article.