The latest edition of the TSX Venture 50 list shows investors are increasingly snapping up stocks with any sort of energy transition theme.
The TSX Venture 50 list showcases small-cap issuers across five sectors — energy, mining, clean technology and life sciences, diversified industries, and technology. Among the winners were Vancouver-based First Hydrogen Corp., which saw its share price increase 144 per cent, and Calgary-based CVW CleanTech Inc., which works to deliver clean technology solutions to Alberta's oilsands industry and saw its market capitalization increase by 322 per cent.
"To put it in perspective, in August 2020, we did a financing at that time at 30 cents per unit — today we’re trading at $2.70," said Eric Zaunscherb, chair of Quebec-based Critical Elements Lithium Corp., one of this year's Venture 50 winners. But while investors flocked in 2022 to the mining sector and other companies working to help transition to a low-carbon future, traditional oil and gas also held its own.
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