5 Top Weekly TSX Performers: Rubellite Leads Surge in Energy Stocks

1. Rubellite Energy

Rubellite Energy is focused on Eastern Alberta's Clearwater Formation, where it uses multilateral drilling technology for the exploration, development and production of heavy crude oil assets. The company's prospect inventory is expected to support a growth plan of 5,000 to 10,000 barrels of crude oil per day.

The company did not release any news last week, but saw its share price increase 19.19 percent to reach C$4.72.

2. Athabasca Oil

Another Alberta-focused energy company making the list this week is Athabasca Oil. The company has honed its efforts on the development of thermal and light oil assets in the province's Western Canadian Sedimentary Basin.

Last week, the company's share price rose 17.49 percent to hit C$2.62, although it did not come out with any news.

3. Horizonte Minerals

Horizonte Minerals has an interest in the Araguaia nickel project, as well as in the Vermelho nickel-cobalt project in Brazil. The former is fully funded and in construction, and according to the company will produce 29,000 tonnes of nickel annually to supply the stainless steel market. For its part, Vermelho is at the feasibility study stage and will supply the electric vehicle battery market with 25,000 tonnes of nickel and 1,250 tonnes of cobalt per year.

Last week, Horizonte increased 7.14 percent and was trading at C$0.15 by the end of the period.

4. Tanzanian Gold

The only gold company making the top TSX performers list this week is Tanzanian Gold, which, along with its joint venture partner STAMICO, is advancing the Buckreef gold project in Tanzania.

The project is comprised of five prospects — Buckreef, Bingwa, Tembo, Eastern Porphyry and Buziba — and the team is looking at multiple exploration avenues.

During the five day period, the company’s share price jumped 6.41 percent to end at C$0.41.

5. Baytex Energy

Oil and gas company Baytex Energy operates in the Western Canadian Sedimentary Basin and in the Eagle Ford in the US, working toward acquiring, developing and producing crude oil and natural gas projects. About 83 percent of the company's production is weighted toward crude oil and natural gas liquids.

Last Thursday, the company announced it would be sharing its Q1 results in a conference call on April 29. Shares of Baytex Energy increased 5.51 percent last week to trade at C$6.70.