Active Stock Movers on TSXV

The TSX Venture Exchange was, as usual, abuzz with activity on Monday as investors flocked to the exchange at the beginning of the trading week. Following a day of frenetic trading activity, a number of traders emerged as active movers. This feature would provide you with a closer look at the five most active movers on the TSX Venture Exchange.

ShaMaran Petroleum Corp. (TSXV: SNM) Although there was no news about the company yesterday, the stock was on the move and ended up with gains of 8%. On March 6, ShaMaran Petroleum Corp. announced its financial results for the three and twelve-month period ended on December 31, 2023.

The company generated revenues of $20,320,000 and $82,886,000 in the three-month period and the fiscal year, respectively. Both represented considerable declines from $53,173,000 and $176,665,000 in the corresponding periods in 2022. In the fiscal year, the cash flow from operations declined to $40,482,000 from $105,283,000 in the previous fiscal year.

West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF) On April 4, the company announced that it had been successful in concluding the second and final tranche of its private placement of gold-linked notes. The placement brought the total value of the notes issued to $27,165,631. Yesterday, West Red Lake Gold Mines Ltd. was in sharp focus and delivered gains of 11%. In the second tranche, the company issued 1924 units for the price of $1000 per offering unit and generated gross proceeds to the tune of $1,924,000.

Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) Yesterday, stocks were one of the more notable movers and ended the day with gains of 8% amidst significant interest. Vizsla Silver Corp. announced on March 28 that it had entered into an agreement pertaining to the acquisition of the past-producing La Garra-Metates district.

The district is located at the center of the Panuco-San Dimas corridor, which is rich in silver and gold. The property encompasses an area of 16962 hectares, which is more than twice the area covered by the Panuco Project. The sampling conducted by Vizsla Silver demonstrated multi-kilo silver equivalent grades spread across many kilometers of strike.

Reunion Gold Corporation (TSXV: RGD) (OTCQX: RGDFF) Although the stock was one of the more active ones on Monday, it only recorded 1% in terms of gains for the day. The company announced the drilling results from the on-going step-out and infill drilling program at the Kairuni zone at the Oko West project in Guyana on March 28. The company revealed at the time that the exploration results had been strong in the Block 6 area. The company was involved in a dual path, which included on-going exploration programs in addition to the further development of the Oko West project.

Northisle Copper and Gold Inc. (TSXV: NCX) The week did not start off on a great note for the company’s shareholders, as the stock declined by 9% for the day. On April 1, it emerged that the board of directors of Northisle Copper and Gold Inc. had approved the issuance of 150,000 stock options as per the provisions of its incentive stock option plan. A solitary option would allow for the purchase of a share of the company for the price of $0.50, which was equivalent to the closing share price as of April 1, 2024, on the TSX Venture Exchange.