5 Top Weekly TSX Performers: Verde Agritech Updates PFS for Cerro Verde

The S&P/TSX Composite Index (INDEXTSI:OSPTX) was at 20,316.84 early last Friday (May 20) morning.

After starting the week at 20,116.04, the index began to rise following China’s decision to cut a key interest rate for long-term loans to boost its real estate market; it ultimately closed at 20,197.24.

“Today’s reduction to the five-year Loan Prime Rate (LPR) should help drive a revival in housing sales, which have gone from bad to worse recently,” Reuters quotes Julian Evans-Pritchard of Capital Economics as saying. “But the lack of any reduction to the one-year LPR suggests that the (People's Bank of China) is trying to keep easing targeted and that we shouldn’t expect large-scale stimulus of the kind that we saw in 2020.”

Looking over to commodities, gold was set to make its first weekly gain in five weeks; silver was also on track for a weekly gain on the back of a weaker US dollar.

Against that backdrop, a number of companies saw their share prices increase last week. The five TSX-listed mining and energy stocks that saw the biggest gains are as follows:

• Filo Mining (TSX:FIL)
• Cardinal Energy (TSX:CJ)
• Largo (TSX:LGO)
• Aya Gold and Silver (TSX:AYA)
• Verde Agritech (TSX:NPK)

Here’s a look at those companies and the factors that moved their share prices last week.

Data for 5 Top Weekly TSX Performers 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.