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“TSXV is on Fire! Colonial Coal Shines Bright with 40% Profit Increase”

The TSX Venture Exchange has seen some exciting developments and gains in the past week. One of the biggest movers on the boar was Colonial Coal International Corporation (TSXV:CIJ), which racked up an impressive 40% gain.

The coal company produces high-quality, low-cost coking and thermal coal and differentiates itself from the typical coal companies as its main focus, via its wholly owned subsidiary, is on production, shipment, and marketing of anthracite and thermal coal and related project development.

Colonial Coal is also a prominent energy player, involved in the exploration, development, production and export of this type of coal, thanks to its strategic alliance with the Huiyong Mining Group(HMG), one of the top 2 coal miners in China.

Colonial Coal made the jump on the TSXV following a huge increase in volume, trading 2,094,457 shares of the stock in a single day in comparison to its average trading volume of 167,000.

Business wise, Colonial Coal’s projects are located in Canada’s premier coal producing province, British Columbia and she is also a fully integrated Coal supplier to North America as well as the Asia-Pacific and Europe Regions. The company offers benchmark quality coking coals to China and premium thermal coal blends to California, Japan, Europe and South Korea.

The strong news commentators in the stock prompted some bullish investors to trade aggressively, sending the stock up 40%. The surge came as Colonial Coal was setting up to refine the agreement regarding its strategic alliance with Huiyong Mining Group, a well-known coal supplier in China.

Colonial Coal’s brilliant move to partner with HMG is an intelligent strategy to control and efficiently supply Chinese demand for anthracite and thermal coal products. The agreement will also help the company to make some changes to leverage growth opportunities and lessen the impact of strength in the US dollar.

It’s no secret that coal is one of the most important sources of energy worldwide. As the world looks to be transitioning away from traditional energy sources, companies like Colonial Coal appear to be at the forefront, helping to diversify the energy mix. And with the company’s mutually beneficial tie up with Huiyong Mining Group, it appears the move is set to pay dividends to both.

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