- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
5 Top Weekly TSX Performers: Black Iron Takes the Lead
Last week's top-gaining stocks on the TSX were Black Iron, Gear Energy, Frontera Energy, I3 Energy and Athabasca Oil.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was trading at 21,254.95 in the early morning last Friday (February 4). It closed the five day period at 21,270.35.
The index was on track for its best weekly performance since December as energy stocks gained and oil prices hit seven year highs on the back of supply concerns. Looking over to other commodities, gold and silver slipped on Friday as the US dollar strengthened after a US jobs report.
Against that backdrop, a number of companies saw their share prices increase during the trading week. Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:
- Black Iron (TSX:BKI)
- Gear Energy (TSX:GXE)
- Frontera Energy (TSX:FEC)
- I3 Energy (TSX:ITE)
- Athabasca Oil (TSX:ATH)
Here’s a look at those companies and the factors that moved their share prices last week.
1. Black Iron
Black Iron is advancing its 100 percent owned Shymanivske project in Kryvyi Rih, Ukraine, to production. The project is surrounded by five operating mines, including Metinvest and ArcelorMittal’s (NYSE:MT) iron ore complex.
Last week, shares of Toronto-based Black Iron increased 35.48 percent to trade at C$0.21. The company did not release any news during the period.
2. Gear Energy
Calgary-headquartered Gear Energy is an oil company focused on operations in three core areas: Lloydminster heavy oil, Central Alberta light-medium oil and Southeast Saskatchewan light oil.
This company released no news last week, but saw its share price increase 31.2 percent to C$1.64.
3. Frontera Energy
Frontera Energy is an explorer and producer of crude oil and natural gas, with operations focused in South America. The company has a diversified portfolio of assets with interests in more than 40 exploration and production blocks in Colombia, Peru, Ecuador and Guyana.
Last Monday (January 31), the company announced a discovery at the Kawa-1 well in the Corentyne Block offshore Guyana. Shares of Frontera Energy increased 31.18 percent to end the week at C$13.
4. I3 Energy
I3 Energy is an oil and gas company with a low-cost, diversified and growing production base in the Western Canadian Sedimentary Basin; it also has appraisal assets in the North Sea with significant upside.
Last Thursday (February 3), the company announced that it is moving from a bi-annual to a monthly schedule for its dividend payments. Shares of I3 Energy increased 30.61 percent to trade at C$0.32 by the end of last week.
5. Athabasca Oil
Alberta-based Athabasca Oil is focused on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the company has a significant land base of extensive, high-quality resources.
Last Wednesday (February 2), the company published its preliminary 2021 year‐end results; it also announced a US$25 million term note repayment and an operational update demonstrating momentum into 2022. Last week, Athabasca Oil saw its share price increase 27.5 percent to hit C$1.53.
Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. EST 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.
- Top Nickel Stocks on the TSX and TSXV | INN ›
- Best Copper Stocks on the TSX | INN ›
- Best Copper Stocks on the TSX | INN ›
- Best Copper Stocks on the TSX | INN ›
- 9 Top Iron-producing Countries | INN ›
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.
Priscila is originally from Buenos Aires, Argentina, where she earned a BA in Communications at Universidad de San Andres. She moved to Vancouver for the first time in 2010 and fell in love with the city. A few years after she went to London, UK, to study a MA in Journalism at Kingston University and came back in 2016. She enjoys reading, drinking coffee and travelling.
Learn about our editorial policies.