S&P/TSX Composite Index (INDEXTSI:OSPTX) last Friday (June 30) opened higher at 20,095.58.
The index has been trending upwards over the past week, posting gains of more than 2% for the week. The technology and banking sectors showed positive momentum over the five days, while in commodities gold prices returned to the $1,900s per ounce level on Friday. Its sister metal, silver, was hovering around US$22.70 an ounce.
Gold’s fundamentals remain solid, with central bank purchases and de-dollarization being two key trends driving the yellow metal’s rise going forward, according to Peter Grandich of Peter Grandich & Co. .
“Either they ring the bell and I don’t hear it and it’s all over or[the junior sector]is more attractive than it’s ever been in the last 40 years. I hope it’s the latter. ,” he said in an interview with the Investing News Network.
Against this backdrop, some resource junior stocks rose last week. Here’s a look at the five companies with the most gains and the factors that drove their stock price fluctuations during that period.
1. Verdea Agritech (TSX:NPK)
Verde Agritech is leading the TSX stocks list this week, with its stock up 28.57 percent to end the week at C$2.70.
Verde Agritech is developing the Cerrado Verde project in Brazil. The project is a source of potassium-rich mineral deposits from which the company aims to create solutions for crop nutrition, crop protection, soil improvement and increased sustainability.
2. Augusta Gold (TSX:G)
Exploration and development firm Augusta Gold is focused on the Bullfrog Gold Project. The asset is located in the Bullfrog mining district approximately 190 miles northwest of Las Vegas, Nevada and 6 miles west of Beatty, Nevada.
The company didn’t release any news last week, but its stock rose 22.5% to close at C$0.98.
3. St. Augustine Gold and Copper (TSX:SAU)
St. Augustine Gold and Copper is focused on developing the King-king Copper-Gold project. The property is one of the world’s largest undeveloped copper and gold deposits and is a top priority mining project for the Philippine government.
Last week, shares of St. Augustine Gold and Copper rose 18.18% to close at C$0.065.
4. Vitex Energy (TSX:BTE)
Oil and gas company Vitex Energy also made the list this week. The company focuses on the acquisition, development and production of crude oil and natural gas in the Western Sedimentary Basin of Canada and Eagle Ford in the United States. Crude oil and liquid natural gas account for approximately 83% of Baytex’s production.
Last week, Vitex Energy shares rose 11.79%, trading at C$4.32 by the end of the week.
5. Athabasca Oil (TSX:ATH)
Last but not least is the energy company Athabasca Oil. The company has focused on developing thermal power and diesel assets in the West Canada Sedimentary Basin in Alberta.
Last week, shares of Athabasca Oil surged 11.05% to close five days at C$2.87.
FAQs about TSX stocks
How big is the TSX?
TSX is Canada’s largest stock exchange and as of June 16, 2023, Number of listed shares 1,789 The total market value exceeds C$3,792 billion. TSX is often ranked among the 10 largest stock exchanges in the world.
Why would a company list on the TSX?
Listing on one of the world’s largest stock exchanges gives companies greater market exposure, access to capital and the opportunity to build a strong financial reputation.among them Technical Guide to ListingTSX said the exchange “provides companies with a dynamic marketplace to raise capital, enhanced liquidity, professional indices, visibility and analyst coverage.”
What sectors are included in the S&P/TSX Composite Index?
The S&P/TSX Composite Index tracks more than 230 constituents. wide range of fieldsThe top five by weight are financials (30.1 percent), energy (16.6 percent), industrials (14 percent), information technology (7.7 percent), and materials (11.9 percent).
What are the high points of TSX?
TSX hit record high In April 2022, it will be 22,213.07 points. As of June 16, 2023, the exchange points were 19,970 points, high expectations TSX could cross the 22,000 level by the end of 2023 and set new all-time highs.
Data for the 5 TSX Top Performers of the Week articles are captured every Friday after the market close using TradingView. inventory screener. Only companies with a market capitalization above his C$50 million before this week’s rise are included. Non-energy minerals and energy minerals companies are considered.
Article by Priscilla Barrera. Her FAQ by Melissa Pistilli.
don’t forget to follow me @INN_ Resources To get real-time updates!
Securities Disclosure: I, Priscilla Barrera, have no direct investment rights in any company mentioned in this article.
Securities Disclosure: I, Melissa Pistilli, have no direct investment rights in any of the companies mentioned in this article.
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