Key Stock Movers on TSXV

As midweek comes along, the enthusiasm among investors in their quest to track new stocks is going to remain undiminished. Many of them are going to look into those stocks that made notable moves on Tuesday. This feature would provide you with a quick look into five stocks that had made such moves.

Frontier Lithium Inc. (TSXV: FL) (OTCQX: LITOF) Although there was no news about the company on Wednesday, its stock had emerged as one of the notable movers and clocked gains of 9%. However, on March 4, Frontier Lithium Inc. came into focus after the company announced that it had entered into a definitive agreement with Mitsubishi Corporation. As per the terms of the agreement, the companies would work on the establishment of a joint venture related to the PAK Lithium Project and a lithium chemical conversion plant. The joint venture would deliver long-term financing immediately so that the first fully integrated lithium mining and processing operation in Ontario could be advanced quickly.

ROK Resources Inc. (TSXV:ROK) (OTCQB:ROKRF) The company’s stock had been in focus yesterday and delivered gains of 7% amidst notable interest. On February 15, ROK Resources Inc. provided some key updates. The company announced that in December 2023 it had clocked a record average daily production of around 4650 boepd. Additionally, there had been reserve and core drilling inventory growth at the end of 2023. ROK Resources also announced at the time that the first half of 2024 was going to focus on the disciplined allocation of capital.

Reunion Gold Corporation (TSXV: RGD) (OTCQX: RGDFF) The stock was one of the biggest movers yesterday, as it clocked gains of 16% amidst strong interest. On March 12, Reunion Gold Corporation announced that the EPA (Environmental Protection Agency) of the Guyana government had awarded the terms of scope related to the environmental and social impact assessment for the Oko West Project in Region 7 of the country.

The President and Chief Executive Officer of Reunion Gold, Rick Howes, stated that everyone at the company was highly pleased with the development. He also described it as a major milestone in the permitting process related to the project.

Gabriel Resources Ltd. (TSXV:GBU) It was tough in the markets for the company’s shareholders as the stock took a 50% dive following a strong selloff. Gabriel Resources Ltd. announced on March 8 that ICSID arbitration claims against the government of Romania had been dismissed by a majority of two to one. Additionally, the Romanian government was also offered around $10 million towards expenses and legal fees. The company revealed that the award was binding on both entities and would start accruing interest at the rate of a 3-month United States Treasury rate since the date of the award.

Lithium Ionic Corp. (TSXV: LTH) (OTCQX: LTHCF) It was another notable fall yesterday, as it ended up with a decline of 8% for the day on Tuesday. On February 29, Lithium Ionic Corp. announced that it had amended the purchase agreements with regards to its acquisition of the Itinga properties located in Minas Gerais, Brazil. The company provided a detailed breakdown of the amendments in its press release. It remains to be seen if the Canadian mining company can bounce back in the markets this week.