Almonty, Arizona Sonoran, Belo Sun Stocks Soar to 52-Week Highs
Several mining and resource companies have recently achieved significant milestones by reaching new 52-week highs. This surge highlights their strong market performance and positive developments.
Almonty Industries Achieves New High
Almonty Industries Inc. (T.AII) recently reached a new 52-week high of $22.30. Couloir Capital has updated its research coverage on Almonty with a report discussing the impact of rising tungsten prices. The report indicates that the Sangdong Ramp is on track and maintains a ‘Hold’ rating for the stock.
Arizona Sonoran Copper Company’s Updates
Arizona Sonoran Copper Company Inc. (T.ASCU) also hit a new high at $6.88. The company has concluded its agreement with Nuton LLC, a joint venture associated with Rio Tinto. This decision included the early termination of their joint venture on the Cactus Project, along with the termination of Nuton’s investor rights agreement.
Belo Sun Mining Corp. Makes Progress
Belo Sun Mining Corp. (T.BSX) reached a 52-week high of $1.25. Recently, the company reported that shareholders approved all matters at its special meeting.
Other Notable Performers
- CCL Industries Inc. (T.CCL.B): Achieved a new high of $89.64 after a 2.6% stock rise on Monday.
- CEMATRIX Corporation (T.CEMX): Stock surged to 40 cents, supported by $5.2 million in new contracts.
- CT Real Estate Investment Trust Units (T.CRT.UN): Reached $17.28, reporting a net income increase to $191.3 million.
- Eco (Atlantic) Oil & Gas Ltd. (V.EOG): Enhanced its position with a new high of 79 cents.
- Equinox Gold Corp. (T.EQX): Achieved a high of $25.55 amid ongoing legal actions regarding asset sales.
- Foraco International SA (T.FAR): Hit $3.25 with a financial results release scheduled ahead.
- Faraday Copper Corp. (T.FDY): Reached a high of $4.64 and signed a letter of intent to acquire BHP’s San Manuel property.
- Falcon Oil & Gas Ltd. (V.FO): Stock soared to 28 cents after strategic transaction announcements.
- Fortuna Mining Corp. (T.FVI): Gained a new high of $18.56 with a resource boost to 1.25 million ounces.
- Gibson Energy Inc. (T.GEI): Hit $29.21 alongside a 5% dividend increase.
- Hydro One Limited (T.H): Achieved a high of $57.32 coinciding with a new board appointment.
- Lundin Mining Corporation (T.LUN): Reached a significant high of $42.88, reflecting a 9.1% rise in its stock price.
The movements in these companies’ stock prices reflect a favorable environment for mining and resource investments. Investors are keenly watching these developments as companies continue to report positive news.
