Major Stock Buzzers on TSXV: GXU, RBX, AU, SGD, OCO

The focus on the TSX Venture Exchange-listed stocks is immense, and every day thousands of investors flock to the exchange to track the stocks. It was a regular Tuesday on the exchange yesterday, and there were many stocks that ended up making big moves one way or another. This feature would provide you with a closer look at five of the biggest movers.

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) On March 19, the company came into sharp focus among investors, and that was evident from the price action in the stock, which clocked gains of 4% for the day.

The previous day, GoviEx Uranium Inc. provided updates about the progress that it had made at the Madaouela Uranium Project, located in Niger. It was revealed that work on the project was progressing. The initial ground work, which included the construction of an access road, would soon be followed by terracing and thorough site clearance. Ultimately, there would be initial civil engineering construction.

Robex Resources Inc. (TSXV: RBX) This past Monday, the company hit the newswires after it came up with an update pertaining to its corporate strategy for Mali and Guinea. Yesterday, the Robex Resources Inc. stock recorded gains of 40% amidst significant interest. The updated resource estimate published on December 22 last year at Mansounia prompted the board of directors to update and revise the development schedule.

The company revealed that it had sent the new timeline to the Guinean government for approval. In Mali, the company’s management took into account the present situation and concluded that the operation at Nampala would end in June 2026.

Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF) Yesterday, the company’s stock emerged as one of the notable movers and ended up with gains of 5.5%. Aurion Resources Ltd. came into focus yesterday after it announced the results from the 2023 scout drilling program at the Sore Sea area for 12 holes, situated around 38 kilometers to the north-west of Helmi. The company announced that there was up to 12.55 g/t gold in trench channel samples. There had not been any dealing previously in the 1 kilometer stretch since the sore discovery.

Snowline Gold Corp. (TSXV:SGD) (OTCQB:SNWGF) There was no fresh news about the company yesterday, but the stock emerged as a notable gainer and recorded gains of 7.50% for the day. However, on February 20, Snowline Gold Corp. announced that it had discovered a new reduced intrusion-related gold (RIRGS) target around 12 kilometers from its Valley discovery. Valley Discovery is situated on the company’s Rogue project in the Yukon Territory of Canada.

Oroco Resources Corp. (TSXV: OCO) (OTC: ORRCF) Yesterday, the stock suffered from a strong selloff and ended up with a decline of 17% for the day. On February 20, Oroco Resources Corp. announced the conclusion of a non-brokered private placement of 2,570,000 units for the price of $0.40 per unit to generate net proceeds of $1,028,000. Each unit was made up of one common share and one common share purchase warrant. The holder of a warrant would be able to pick up a common share for $0.65 up until 18 months from the day of closing.