Last week’s top-gaining stocks on the TSX were Crew Energy, Nuvista Energy, Advantage, Horizonte Minerals and Painted Pony.
Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:
- Crew Energy (TSX:CR)
- Nuvista Energy (TSX:NVA)
- Advantage Oil and Gas (TSX:AAV)
- Horizonte Minerals (TSX:HZM)
- Painted Pony Energy (TSX:PONY)
Here’s a look at those companies and the factors that moved their share prices last week.
1. Crew Energy
Crew Energy’s activities are primarily focused on the Montney resource in Northeast British Columbia, where it has a large, contiguous land base of approximately 277,000 net acres (433 net sections).
The oil and natural gas producer released its Q2 results on August 6, reporting an increase in production on the back of price improvement in June. Last week, the company’s share price jumped 32.81 percent to end the period at C$0.425.
2. Nuvista Energy
NuVista Energy is an oil and natural gas company currently engaged in the exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin.
In its Q2 results, released on August 4, the company reported that it produced at a restricted average rate of 50,922 barrels of oil equivalent per day (boe/d), similar to the comparative period in 2019 and the first quarter of 2020. Last week, Nuvista’s share price was up by 18.06 percent to reach C$0.85.
3. Advantage Oil and Gas
Advantage Oil and Gas is focused entirely on the development of its position in the Montney natural gas and liquids resource play.
On August 6, the company reported that its production in Q2 reached 45,271 boe/d, up 5 percent from the same quarter in 2019. Shares of the company jumped 17.98 percent to end last week at C$2.10.
4. Horizonte Minerals
Nickel developer Horizonte Minerals holds interests in the Araguaia nickel project, as well as the Vermelho nickel-cobalt project in Brazil.
Releasing its H1 financial report last Friday (August 14), the company said it is funded to advance Araguaia towards being construction ready after it secured a US$325 million syndicated loan. Construction is expected to begin early next year and the first stage of the project will cost a total of US$440 million.
Last week, Horizonte Minerals saw its share price increase 15.38 percent to C$0.08.
5. Painted Pony Energy
Calgary-headquartered Painted Pony Energy is a natural gas producer operating in the Montney formation in Northeast British Columbia. Painted Pony’s Montney gas is sweet gas with high heat content and no associated water production.
Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using TradingView’s stock screener. Only companies with market capitalizations greater than C$50 million prior to the week’s gains are included. Companies within the non-energy minerals and energy minerals are considered.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.