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- 📈 🇨🇦 TSX Movers: Top Gainers & Losers (May 16th)
🇨🇦 The TSX rose 2.5%, setting a new record at 25,971.93, marking its sixth straight weekly gain.
📈 MEG Energy led the charge after a C$5.93B takeover bid from Strathcona Resources.
📉 While optimism grew on eased trade tensions, investors remain cautious, wary of economic uncertainty.
Paid advertisement on behalf of Monumental Energy – not financial advice
Monumental Energy (TSXV: MNRG | OTCQB: MNMRF) is weeks away from turning the taps back on.
With insider buying, a lean cap structure, and revenue projected as early as Q2, this microcap oil story might be the summer’s under-the-radar breakout.
Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week (May 11-16):
📈 Top Gainers
🟢 Symbol | 🟢 Name | 🟢 Last Price (CAD) | 🟢 % Change |
|---|---|---|---|
✅ WEED-T | Canopy Growth Corp | 2.29 | 🟩🟩🟩🟩 +21.16% |
✅ MEG-T | MEG Energy Corp | 25.29 | 🟩🟩🟩🟩 +18.73% |
Power Corp Part Pr | 50.05 | 🟩🟩🟩 +12.73% | |
✅ HUT-T | Hut 8 Corp | 23.95 | 🟩🟩🟩 +10.17% |
✅ ATH-T | Athabasca Oil Corp | 5.35 | 🟩🟩🟩 +8.96% |
📉 Top Decliners
🔴 Symbol | 🔴 Name | 🔴 Last Price (CAD) | 🔴 % Change |
|---|---|---|---|
❌ FORA-T | Verticalscope Holdings Inc | 4.20 | 🟥🟥🟥 -6.04% |
❌ PDN-T | Paladin Energy Ltd | 5.34 | 🟥🟥🟥 -5.65% |
❌ TECK-A-T | Teck Resources Ltd Cl A | 49.00 | 🟥🟥 -4.39% |
❌ MATR-T | Mattr Corp | 9.99 | 🟥🟥 -3.57% |
❌ CS-T | Capstone Mining Corp | 6.60 | 🟥🟥 -3.37% |
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MEG Energy (MEG-T): Shares surged nearly 19% after Strathcona Resources launched a $5.93 billion hostile takeover bid, aiming to create Canada’s fifth-largest oil producer. The deal would merge two highly complementary oilsands players and has sparked speculation of competing offers from bigger rivals.
VerticalScope (FORA-T): Stock dropped over 6% this week after Q1 results showed a 7.9% revenue decline and widened net losses. Despite slightly beating revenue forecasts, analysts remain concerned about long-term growth as management expects sales to decline further in coming years
Disclaimer
Wealth Awesome (“We” or “Us”) are not securities dealers or brokers, investment advisers or financial advisers, and you should not rely on the information herein as investment advice. Monumental Energy Corp. made a one-time payment to provide coverage services . This article is informational only and is solely for use by prospective investors in determining whether to seek additional information. This does not constitute an offer to sell or a solicitation of an offer to buy any securities. Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or constitute an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing ,including reading the companies’ SEDAR+ and SEC filings, press releases, and risk disclosures. It is our policy that information contained in this profile was provided by the company, extracted from SEDAR+ and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it.
Forward Looking Statements
This article contains forward-looking statements about Monumental Energy Corp., which are identified by terms such as "anticipate," "expect," and "project." These statements reflect current views regarding company performance, business goals, healthcare market expectations, and intellectual property development. The statements are based on current business and market expectations. However, they involve various risks and uncertainties, including potential delays, financial difficulties, and operational challenges. Additional risks include possible regulatory approval delays, market disruptions, personnel issues, and competitive pressures. Given these risks and uncertainties, actual results may differ significantly from what is described in the forward-looking statements. Readers should not place undue reliance on these statements, which are only valid as of the article's publication date and we undertake no obligation to update.
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