Major Stock Gainers on TSXV

As another trading week begins, it may just be the right time for investors to look into the TSX Venture Exchange-listed stocks, which had come into considerable focus this past Friday. This feature would provide you with a closer look into the stocks of five companies that had generated notable gains.

Reconnaissance Energy Africa Ltd. (TSXV: RECO) (OTCQX: RECAF) The company had been in sharp focus last Friday as its stock ended up clocking gains of 21% amidst considerable interest. On April 18, Reconnaissance Energy Africa Ltd. provided an update with regards to its activities related to the Petroleum Exploration License 73 in onshore north-east Namibia.

The company revealed that after having completed its upsized deal financing transaction, it had attained the position from which Reconnaissance Energy Africa could begin its drilling operations at the Naingopo exploration well. The exploration well is located on the Damara Fold Belt.

Fireweed Metals Corp. (TSXV: FWZ) (OTCQX: FWEDF) This past Friday, the company saw its stock rally by 17% after it made an announcement with regards to some key executive appointments. Fireweed Metals Corp. announced that Peter Hemstead, a director, had been made interim president and chief executive officer. He was going to replace Brandon Macdonald, and the appointment went into effect immediately. Additionally, the company also announced that it had appointed a new strategic advisor in the form of Adam Lundin and Paul Harbidge as independent directors. Fireweed Metals Corp. also announced that it intended to nominate Jamie Beck to the board of directors through an election at the forthcoming annual general meeting.

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) Having clocked gains of 11% last Friday, it is likely that the stock is going to be on the radars of investors this morning. On April 29, Century Lithium Corp. made an announcement with regards to the results of a National Instruments 43-101 feasibility study that had been concluded at the company’s 100% owned Clayton Valley Lithium Project.

The feasibility study, which had been compiled by Wood Group USA Inc., recommended a three-phase production plan that would generate 34,000 metric tons of battery-quality lithium carbonate per year. The production cost in the first phase had been pegged at $1.537 billion.

NerveGen Pharma Corp. (TSXV: NGEN) (OTCQX: NGENF) The clinical-stage biotech firm, which is involved in the development of innovative solutions for treating central nervous system damage, saw its stock gain 8% last Friday. On April 25, NerveGen Pharma Corp. announced that it had engaged the services of the New York-based strategic communications firm Russo Partners LLC.

As per the agreement, Russo would be responsible for providing NerveGen Pharma with media, public relations, and other related services. Russo had been engaged for a minimum of three months, and the contract would continue thereafter on a month-to-month basis. The cost to NerveGen Pharma would not go beyond $200,000 in the 12-month period.

Anfield Energy Inc. (TSX.V: AEC) (OTCQB: ANLDF) Last Friday, the stock had been in play and had clocked gains of 7% in light of the developments on May 1. On that day, Anfield Energy Inc. announced that its plan of operation for the Velvet Wood Mine had been submitted to the State of Utah and BLM. In the news release, the company also noted that it undertook that strategic move so as to make Velvet-Wood ready for production at the same time as the Shootaring Canyon mill.