Connect with us

Hi, what are you looking for?

Your Retire Invest


“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.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

Controversy ensued recently when a vocal group within the Republican party (in the United States) began to make the argument that the Speaker position,...


In an effort to promote stronger loyalty among customers, Delta Air Lines has recently announced changes that will make it more difficult to earn...

Top News

Intensified aerial strikes in and around the Hamas-controlled Gaza Strip have been met with retaliatory releases of Israeli hostages by the militant organization. On...


Citigroup, one of the world’s leading multinational investment banks and a behemoth in the financial services sector, recently unveiled plans to trigger a significant...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 YourRetireInvest. All Rights Reserved.