This week on the TSX Venture Exchange, investors are focusing their attention on the performance of five stocks. These top-performing stocks have seen an increase in their stock prices, but one in particular, Colonial Coal International Corporation, has stood out with a 40% increase.
Colonial Coal International Corporation, listed as the symbol CLNL on the TSX Venture Exchange, is a publicly traded junior mining company based in Vancouver, BC. The company explores and develops high quality metallurgical coal deposits in British Columbia. As of December 23, 2020, the stock had a market capitalization of $65.6 million and shares trading in the range of $0.12 and $0.17 per share.
The rally in Colonial Coal’s stock has been driven by the company’s announcements of positive news. On December 10th, Colonial Coal announced that the British Columbia Ministry of Environment and Climate has issued an environmental assessment certificate for the Company’s Huguenot property, a coal mine in British Colombia. The certification is a key step in the development of the Huguenot coal mine that will increase the company’s production capacity.
This news has been very well received by investors who have watched the stock closely for the past several weeks. Furthermore, Colonial Coal recently announced that it had secured the governmental approvals required to begin drilling. This is an important step in getting the mine up and running, and it has encouraged investors to increase their holdings of the stock.
These announcements have resulted in a massive spike in the volumes of trading, with the stock volume doubling each day for the past week. Furthermore, this has also driven up the price of the stock, with its value increasing by 40% over the last week.
In addition to Colonial Coal, four other companies have also seen increases in their stock prices. Dynasty Gold Corporation, an exploration and development company listed on the TSX Venture Exchange, has seen an increase of 31%. The company is focused on gold exploration projects in Rosia Montana in Romania.
Gratomic Inc, which is engaged in mining tantalum, zirconium and hafnium from its Aukam mine in Namibia, saw an increase of 28%. Further stock price increases were noted in the companies Aus Hill Gold & Copper Ltd, which reported a 22% increase, and in Adelaide Resources Ltd, which reported a 14% increase.
Overall, this week has been a good one for the TSX Venture Exchange, and with Colonial Coal International Corporation leading the way with a remarkable 40% increase in its stock price, investors will be eager to watch the performance of these stocks in the weeks to come.
This week on the TSX Venture Exchange, investors are focusing their attention on the performance of five stocks. These top-performing stocks have seen an increase in their stock prices, but one in particular, Colonial Coal International Corporation, has stood out with a 40% increase.
Colonial Coal International Corporation, listed as the symbol CLNL on the TSX Venture Exchange, is a publicly traded junior mining company based in Vancouver, BC. The company explores and develops high quality metallurgical coal deposits in British Columbia. As of December 23, 2020, the stock had a market capitalization of $65.6 million and shares trading in the range of $0.12 and $0.17 per share.
The rally in Colonial Coal’s stock has been driven by the company’s announcements of positive news. On December 10th, Colonial Coal announced that the British Columbia Ministry of Environment and Climate has issued an environmental assessment certificate for the Company’s Huguenot property, a coal mine in British Colombia. The certification is a key step in the development of the Huguenot coal mine that will increase the company’s production capacity.
This news has been very well received by investors who have watched the stock closely for the past several weeks. Furthermore, Colonial Coal recently announced that it had secured the governmental approvals required to begin drilling. This is an important step in getting the mine up and running, and it has encouraged investors to increase their holdings of the stock.
These announcements have resulted in a massive spike in the volumes of trading, with the stock volume doubling each day for the past week. Furthermore, this has also driven up the price of the stock, with its value increasing by 40% over the last week.
In addition to Colonial Coal, four other companies have also seen increases in their stock prices. Dynasty Gold Corporation, an exploration and development company listed on the TSX Venture Exchange, has seen an increase of 31%. The company is focused on gold exploration projects in Rosia Montana in Romania.
Gratomic Inc, which is engaged in mining tantalum, zirconium and hafnium from its Aukam mine in Namibia, saw an increase of 28%. Further stock price increases were noted in the companies Aus Hill Gold & Copper Ltd, which reported a 22% increase, and in Adelaide Resources Ltd, which reported a 14% increase.
Overall, this week has been a good one for the TSX Venture Exchange, and with Colonial Coal International Corporation leading the way with a remarkable 40% increase in its stock price, investors will be eager to watch the performance of these stocks in the weeks to come.
