TSX Top 5: MagIndustries in the Lead After News of Potential
TSX Top 5: MagIndustries in the Lead After News of Potential Investment
Monday February 16, 2015, 11:45am PST
By Staff WriterHYPERLINK "https://plus.google.com/u/0/b/103735466371594192140/+Resourceinvestingnews/posts"+ - Exclusive to Resource Investing News
Last week was a good one for the S&P/TSX Composite index (INDEXTSI:
OSPTX), which rose Friday for the fifth session in a row. It was boosted by data pointing to "solid economic growth in Europe and an unexpectedly strong performance by Canadian manufacturers," as per The Canadian Press.
Here’s a look at five TSX-listed companies that performed well last week. MagIndustries (TSX:MAA) took the top spot
Bottom of Form 1
MagIndustries
MagIndustries enjoyed a 9.52-percent increase last week, closing at $0.23. The company recently signed a confidentiality agreement with an unnamed party to explore potential investment in MagIndustries. However, there is no certainty that discussions regarding the investment will continue.
MagIndustries’ principal asset is its 1.2-million-tonne-per-year Mengo potash project in the Republic of Congo.
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