5 Top Weekly TSX Performers: Verde Agritech Updates Cerro Verde’s PFS

The S & P / TSX Comprehensive Index (INDEXTSI:OSPTX) Was 20,316.84 in the early morning of last Friday (May 20th).

After starting the week at 20,116.04, the index began to rise following China’s decision to lower key interest rates on long-term loans to boost the real estate market. Eventually it ended on 20,197.24.

“Today’s five-year loan prime rate (LPR) cut should help drive a revival of recently deteriorating home sales.” Reuters quote Julian Evans-As Pritchard of Capital Economics says. “But the fact that the one-year LPR hasn’t been lowered should be expected to mean that (People’s Bank of China) continues to ease its targets and that it’s a big stimulus as seen in 2020. It suggests that there isn’t. “

Looking at the product, gold It was set to make the first weekly profit in 5 weeks. Silver The weekly rise is also steadily progressing against the backdrop of the weak US dollar.

Against this background, many companies saw a rise in stock prices last week. With 5 mining listed on TSX energy The stocks that saw the largest rise are:

  • Philomining (TSX:FIL).
  • Cardinal Energy (TSX:CJ).
  • Largo (TSX:LGO).
  • Aya Gold and Silver (TSX:Aya).
  • Verde Agritech (TSX:NPK).

Let’s take a look at these companies and the factors that moved stock prices last week.

1. Philo mining

Leading the way is Filo Mining, a member of the Lundin Group, which is focused on promoting Filodel Sol. copper-Gold and silver deposits in Region III of Chile and adjacent San Juan Province of Argentina.

The company has released Assay results Although no news was released last month and last week, Philo saw the stock price rise 41.22 percent to reach C $ 23.47.

2. Cardinal Energy

Cardinal energy oil-A focused company with a focus on low-decrease gas oil, medium oil and heavy oil in western Kanada. May 12, the company First quarter results releasedIt shows that total production increased by 12% year-on-year and crude oil production increased by 18%.

Over the course of five days, Cardinal’s share price rose 34.89% and closed at C $ 9.24.

3. Largo

Largo is a high quality vertically integrated producer and supplier. vanadium, The metal comes mainly from the Maracas Menchen mine in Brazil.After getting a vanadium redox flow battery technology In 2020, Largo is working to vertically integrate vanadium products with VCHARGE vanadium battery technology.

Last week, Largo shares rose 31.11 percent and traded at C $ 12.77 by the end of the term.

4. Aya gold and silver

Aya Gold and Silver focuses on the acquisition, exploration and evaluation of Moroccan mineral properties. Its main projects are the Zgounder silver mine and the Boumadine polymetal deposit.

May 13th, company Record first quarter revenue It was US $ 9.2 million, up 7% from the first quarter of 2021. Over the last five days, the company’s share price rose 28.31% and closed at C $ 7.57.

5. Verde Agritech

Verde Agritech is developing the Cerrado Verde project in Brazil. The project is a source of potassium-rich deposits, and the company aims to create solutions for crop nutrition, crop protection, soil improvement and sustainability improvement.

Last Monday (May 16th), the company Updated feasibility study The Cerro Verde project shows that the US $ 52.77 million third plant will add 10 million tonnes annually and is planned for construction in 2023. Last week, Verde Agritech’s share increased by 26.47% to C $ 9.89.

Data from the 5 Top Weekly TSX Performers articles will be retrieved every Friday at 10:30 am EST using TradingView’s Stock Screener. Only companies with a market capitalization of more than C $ 50 million before weekly profits are included. Companies within non-energy minerals and energy minerals are considered.

Don’t forget to follow us @INN_Resource For real-time updates!

Securities Disclosure: I, Prisila Valera, have no direct investment interest in the companies listed in this article.

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5 Top Weekly TSX Performers: Verde Agritech Updates Cerro Verde's PFS

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