TSXV Stock Gainers on Radar

As the midweek trading period begins, attention is going to continue to be showered on the stocks listed on the TSX Venture Exchange. Yesterday, a number of stocks listed on the exchange garnered strong action and ended up clocking notable gains. This feature would provide you with a quick look into five of those stocks.

Sintana Energy Inc. (TSX-V: SEI) (OTCQB: SEUSF) There was no fresh news about the company yesterday, but the stock went on a strong rally regardless and delivered a gain of 25%. On May 2, Sintana Energy Inc. hit the newswires after it announced that it granted 1,650,000 stock options and 2,400,000 restricted share units to some of the directors and officers of the company.

The holders could exercise a stock option to pick up a common share in Sintana Energy for the price of C$1.08 up until May 1, 2034, and could be vested in tranches over the next couple of years. The restricted share units could be converted to a common share for no consideration at all up until May 1, 2025.

Guanajuato Silver Company Ltd. (TSXV:GSVR) (OTCQX:GSVRF): The major Mexico-based gold and silver producer made a key announcement yesterday and saw its stock soar by 21% amidst strong interest.

Guanajuato Silver Company Ltd announced yesterday that it had been successful in the entire repayment of the concentrated pre-payment facility owed to the metal off-take and trading firm Ocean Partners UK Limited worth $5,000,000. In the news release, it was noted that the full repayment was an indication of the fast-improving financial position of Guanajuato Silver Company as a company.

Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) On May 21, the company announced that it had filed a National Instrument 43 101 Technical Report. The report, dated May 21, 2024, had been filed on the SEDAR+ website in support of the PEA (Preliminary Economic Assessment) that had been announced on April 4 for the Wenot Deposit on Omai Gold Mines Corp’s Omai Gold Project located in Guyana. It was noted that the PEA was a major new milestone for the company and would provide a baseline for future production. The news also seemed to have been welcomed by investors, as the stock jumped by 15% yesterday.

Rio2 Limited (TSXV: RIO) (OTCQX: RIOFF) Yesterday, the company was in sharp focus, and the stock clocked gains of 10% amidst strong interest. On May 16, Rio2 Limited announced the results of the annual and special meeting of shareholders that had been held the previous day. The shareholders had voted in favor of all the items of business that had been presented before the meeting. It also included the election of all the nominees put forward by Rio2 Limited for directorships. In total, all seven nominees from the company were elected by the shareholders.

High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) The retail-focused enterprise intent on delivering value across all components of the cannabis value chain saw its stock deliver gains of 9% yesterday. On May 13, High Tide Inc. announced that its Canna Cabana retail cannabis store would start offering recreational cannabis products as well as consumption accessories. It was a major development for High Tide since the store was the 17^th Canna Cabana one in Canada and the 62^nd in the Ontario province.