TSXV Stocks Retreat on Profit Booking

The TSX Venture Exchange is one of the more active stock exchanges in North America and attracts millions of investors regularly. Stocks that may have had a bad day often recover soon after, and hence, this feature would look into those stocks listed on the TSX Venture Exchange that had declined yesterday. Here is a look at five notable losers from yesterday.

Gabriel Resources Ltd. (TSXV:GBU) It was a tough day in the markets for the company’s shareholders as the stock declined sharply and ended up with a 25% dive. On March 8, Gabriel Resources Ltd. announced that its ICSID arbitration against the Romanian government had been dismissed by a two-to-one majority of the members of the tribunal. Additionally, the Romanian government had also been awarded as much as $10 million in legal fees and expenses. The cost order for the company would accrue simple interest from the date of the award at the 3-month United States Treasury rate.

Nevada King Gold Corp. (TSXV: NKG) (OTCQX: NKGFF) On April 3, the company announced the results from its four vertical, reverse circulation holes and a solitary PQ-diameter diamond hole completed in the northern portion of the West Atlantic Graben Zone. The zone is located at the Atlanta Gold Mine Project in Battle Mountain, Nevada, and is owned 100% by Nevada King Gold Corp. However, on Monday, the company’s stock started off on the wrong foot and ended the day with a decline of as much as 7% amidst a selloff. It remains to be seen if it can make a recovery today.

Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) Although the company’s stock ended up with a decline of 7% following a selloff yesterday, it may be a good move to take a look at a recent development. On April 3, Skyharbour Resources Ltd. announced that Onano Canada Inc., its joint venture company, had started a comprehensive field campaign for 2024 at the Preston Uranium Project situated on the Athabasca Basin in Saskatchewan, Canada. The program would involve a ground gravity survey, a ground electromagnetic survey, and a spatiotemporal geochemical hydrocarbon soil sampling program.

Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) The stock suffered from a downturn on Monday and recorded a decline of as much as 6% amidst a selloff. However, on April 9, Minaurum Gold Inc. announced positive metallurgical results from the core samples of composites sourced from the Europa and Promontorio targets at the Alamos Silver Project in the State of Sonora, Mexico. It should be noted that the project is entirely production-permitted and owned 100% by Minaurum Gold. The results confirmed the presence of high-grade gold and silver recoveries at the site.

HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) The green energy-powered blockchain infrastructure pioneer saw its stock nose dive by 6% on Monday. On April 6, HIVE Digital Technologies Ltd. announced its unaudited production figures for the month of 2024. The company announced that during the month, its bitcoin holdings went up by 10% and it had $160 million worth of bitcoin on its balance sheet. At the end of the month, it held 2287 bitcoin tokens.