Last week’s top-gaining stocks on the TSX were Paramount Resources, Crew Energy, Frontera Energy, Obsidian Energy and Journey Energy.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened lower last Friday (June 25), trading at 20,215.12. It closed the day slightly higher at 20,224.56.
Despite falling on the last day of the trading week, the index was able to achieve a weekly gain.
On Friday, the gold price rose as the US dollar retreated, and was on track for a weekly increase for the first time in four weeks. Silver was also up, trading above US$26 per ounce.
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Last week’s top-gaining stocks on the TSX were Gear Energy, Nevada Copper, Trevali Mining, Scandium International and NexGen Energy.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened higher last Friday (May 7) and was trading at 19,438.33 by midday. It closed the period at 19,476.27.
The index was supported by materials stocks, which rose on the back of a higher gold price.
Last Friday, the precious metal was on track to hit its best week in six months, with sister metal silver also on course for a weekly gain.
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Gear Energy (TSX:GXE)
Nevada Copper (TSX:NCU)
Ultra Resources (TSXV:ULT)
Here’s a look at what may have moved their share prices over the last five days.
1. Renaissance Oil
Renaissance Oil describes itself as Mexico’s leading onshore operator. It is partnered with Russia’s LUKOIL (MCX:LKOH), one of the world’s largest oil producers, on the exploration and development of Amatitlán, a multi-zone, oil-rich block. Renaissance holds other blocks in the country as well.
There was no fresh news from the company last week, but shares rose 213.64 percent to close at C$0.35.
2. Reconnaissance Energy Africa
Reconnaissance Energy Africa (ReconAfrica) is an oil and gas junior with petroleum licenses covering about 8.5 million contiguous acres in the Namibia- and Botswana-based Kavango Sedimentary Basin.
Decklar Resources (TSXV:DKL)
Copaur Minerals (TSXV:CPAU)
Capitan Mining (TSXV:CAPT)
Desert Mountain Energy (TSXV:DME)
Kestrel Gold (TSXV:KGC)
Here’s a look at what may have moved their share prices over the last five days.
1. Decklar Resources
Decklar Resources describes itself as an international oil and gas company focused on opportunities in West Africa. The company is developing the onshore Nigeria-based Oza field.
Last Thursday (April 8), Decklar shared an operations update on re-entry at the Oza-1 well, located at the Oza field. According to the company and its co-venturer, Millennium Oil & Gas Company, significant progress has been made, and the re-entry will mark the start of aggressive field development. The news sent Decklar’s share price up 83.33 percent last week to close at C$0.99.