After a bumpy week of ups and downs, the
S&P/TSX Composite Index
(INDEXTSI:
OSPTX
) ended up on Friday (December 11) at 17,551.
Energy
stocks fell on the last business day of the week, with concerns over delays to a new US stimulus package also hurting sentiment.
In commodities,
gold
and
silver
rose on Friday, while
copper
was steady above US$7,700 per tonne.
Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:
-
Platinum Group Metals (TSX:
PTM
) -
Cardinal Energy (TSX:
CJ
) -
Transglobe Energy (TSX:
TGL
) -
Largo Resources (TSX:
LGO
) -
Condor Gold (TSX:
COG
)
Here’s a look at those companies and the factors that moved their share prices last week.
1. Platinum Group Metals
Platinum Group Metals is the operator and majority owner of the Waterberg project, a bulk underground
palladium
,
platinum
, gold and rhodium deposit located in South Africa. Additionally, the company founded Lion Battery Technologies in partnership with Anglo American Platinum (OTC Pink:
AGPPF
,JSE:AMS) to support the use of palladium and platinum in
lithium
battery applications.
Last Tuesday (December 8), Platinum Group Metals
closed a non-brokered private placement
for US$2.49 million. The company’s share price jumped 82.95 percent to end the week at C$7.19.
2. Cardinal Energy
Cardinal Energy is a gold-focused exploration and development company with interests in tenements in
Ghana, West Africa
. The company is focused on the development of the Namdini gold project.
Cardinal
launched a private placement
last Monday (December 7) and
announced the extension
of a credit facility on Wednesday (December 9). During the five day period, the company’s share price jumped 43.08 percent to end at C$0.93.
3. Transglobe Energy
TransGlobe Energy is an
oil and gas
exploration and development company whose current activities are concentrated in Egypt and Canada.
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Despite not releasing any news last week, Transglobe Energy rose 35.87 percent to end at C$1.25.
4. Largo Resources
Largo Resources is a vertically integrated producer and supplier of high-quality vanadium. Largo can service multiple vanadium market applications through its products, which are sourced from one of the world’s highest-grade vanadium deposits at the Maracás Menchen mine located in Brazil.
Last Tuesday, the company
launched Largo Clean Energy
, a vertically integrated vanadium redox flow battery business, to provide clean energy storage systems to the fast-growing, long-duration renewable energy storage market. Shares of the company increased 31.78 percent last week to end at C$1.56.
5. Condor Gold
With a focus on Nicaragua, exploration and development company Condor Gold has a number of projects in Central America. Its flagship project is La India.
Last Monday, the company
started an infill drilling program
at La India. Condor saw its share price go up by 30.99 percent during the period to reach C$0.93.
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.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.