Both traditional oil and gas stocks as well as Canada's mining and metals sector have benefited from a recent surge of investor interest in energy, new data from the Toronto Stock Exchange shows.
Calgary-based NuVista Energy Ltd., another oil and gas exploration and production company, came in second with a share price appreciation of 1,279 per cent. "Through it all, these companies have maintained strong fundamentals and are supported by robust commodity prices." Montreal-based Aya Gold & Silver Inc., for example, is planning to quadruple its silver production from its Moroccan mining assets to meet growing global demand for solar panels, for which silver is a key component.
"You take a look at how many cars we have now that are electric, and this is just the beginning. The trend is not changing, and the trend is going to push the demand for these metals much higher and therefore the stocks are doing very well."
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