Market Movers

Notable Stock Gainers On TSXV

Mar 25, 2024

As another trading week begins, many investors are going to be looking closely into the stocks they may want to follow this morning. One of the more effective tactics would be to track those stocks that had clocked strong gains on the previous trading day. Here is a closer look at five stocks that made notable upward moves this past Friday.

Northisle Copper and Gold Inc. (TSXV: NCX) The company had been on the radars of investors last Friday, and that led to a strong 16% rally in its stock amidst significant interest. On March 18, Northisle Copper and Gold Inc. announced that 5,048,000 warrants that it had issued on December 17, 2021, had been exercised by Pierre Beaudoin and Michael Gentile.

That led to raising gross proceeds to the tune of $1413440 for the company. The funds raised from the exercise would be used by the company to speed up the development of its North Island Project, which would include economic and technical studies.

Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) The Chilean lithium project developer supporting the worldwide energy transition was in focus last Friday, and that led to an 11% rally in its stock. On March 1, Wealth Minerals Ltd. provided an operational update.

In its quest to further advance the Kuska Project beyond its preliminary economic assessment stage, Wealth Minerals concluded a geophysical survey. The initial analysis of the work suggested that the new geophysical lines had shown the Ollague geophysical anomaly in the licenses that had been recently acquired.

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Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF) Last Friday, the company’s stock had been one of the major movers, as it ended up with gains of as much as 9%. On March 19, Aurion Resources Ltd. reported the results for 12 holes from the time of the 2023 scour drilling program in the Sore region. The Chief Executive Officer of the company, Matti Talikka, spoke about the development. He noted that the discovery in Greenfield and on a blind target had further demonstrated the potential of the Aurion-B2GOLD joint venture property.

Lithium Chile Inc. (TSXV:LITH) (OTC:QB): The lithium resource and exploration company boasts property holdings consisting of 29245 hectares in Argentina and 111,978 hectares in Chile. The Lithium Chile Inc. stock had clocked gains of 7% last Friday.

On February 28, the company came into focus after it announced an update about its Argentina-based Salar de Arizaro Project. It was revealed that there had been considerable progress on the north-eastern claims belonging to Lithium Chile. It also included the sampling results from the ARDHH-08 hole. In the news release, it was also noted that the results also revealed significant exploration progress.

Sintana Energy Inc. (TSXV: SEI, OTCQB: SEUSF) It was one of the stocks to garner attention among investors last Friday after it clocked gains of 6%. On March 14, Sintana Energy Inc. hit the newswires after it announced a key update with regards to its exploration work on the 2813A and 2813B blocks situated on the Orange Basin in Namibia. In the news release, the company noted that the drilling operations had come across a considerable column of light oil in high-quality reservoirs.