5 Top Weekly TSX Stocks: Laramide Rises on Uranium Assay Results from Westmoreland

Weekly gain: 23.3 percent; market cap: C$349.85 million; current share price: C$3.44

With a focus on Thailand and Turkey, Valeura Energy is pursuing the exploration, development and production of petroleum and natural gas assets. Its strategy is to grow through M&A activity in Southeast Asia.

There was no fresh news from the company last week, but during the previous five day period it announced results from two appraisal wells drilled at the Thailand-based Wassana oil field.

Weekly gain: 13.58 percent; market cap: C$2.55 billion; current share price: C$4.35

Athabasca Oil describes itself as a liquids-weighted intermediate producer that is focused on the Western Canadian Sedimentary Basin in Alberta. Its thermal oil division includes two operating oil sands steam-assisted gravity drainage projects, and its light oil division produces light oil and liquids-rich natural gas from unconventional reservoirs.

The company's latest news came on September 14, when it closed a sale of non‐core light oil assets to a private company. Athabasca Oil's share price rose 13.58 percent last week to close at C$4.35.

Weekly gain: 11.86 percent; market cap: C$149.67 million; current share price: C$0.66

Laramide Resources operates in Australia and the US. In Queensland it has Westmoreland, which it says is one of the largest uranium development assets held by a junior, and in the Northern Territory it has the Murphy project. The company's US assets include the Crownpoint-Churchrock and La Jara Mesa uranium projects in New Mexico, plus the La Sal uranium project in Utah.

Last Friday (September 29), Laramide shared assay results from the first two diamond drill holes completed at Westmoreland's Amphitheatre exploration target. According to the company, it intercepted broad-based uranium mineralization in the holes. The news sent its share price up 11.86 percent to finish at C$0.66.

Weekly gain: 11.76 percent; market cap: C$77.61 million; current share price: C$0.19

Western Resources' key asset is the Saskatchewan-based Milestone potash project, which entered the construction phase in mid-2019 and is expect to start production in early 2024. Phase 1 has a production capacity of 146,000 metric tons of potash per year and will use selective solution mining techniques and crystallization ponds.

Last Thursday (September 28), Western Resources announced that its subsidiary Western Potash received C$5 million from Vantage Chance as part of an exchangeable debenture subscription agreement. The company's share price rose 11.76 percent during the five day period to close at C$0.19.

Weekly gain: 10.11 percent; market cap: C$5.17 billion; current share price: C$5.99

Baytex Energy's goal is to become a top-tier North American oil producer, and to that end the company has honed its efforts on the Western Canadian Sedimentary Basin and the Eagle Ford in the US. It currently has three main operating areas: heavy oil in Canada, light oil in Canada and light oil in the US.

Baytex didn't release any news last week, but its share price jumped 10.11 percent to close at C$5.99.