Top TSXV Stocks To Watch on Friday

It was another frenetic day of trading on the TSX Venture Exchange on Wednesday, and a number of stocks ended up with strong gains amidst heavy action. However, it is difficult for investors to keep an eye on all the gainers. Hence, this feature would provide you with a quick look into five of the more notable gainers.

Parkit Enterprise Inc. (TSXV: PKT) There was no fresh news about the company yesterday, but the stock made a strong move nonetheless and clocked gains of 7%. On May 7, Parkit Enterprise Inc. announced its financial results for the first fiscal quarter of 2024.

The revenues from investment property went up by 70% year on year to hit $6,058,520, and the net rental income went up by 93% year on year to come to $4,030,416. The company reported cash and cash equivalents of $11,200,000 at the end of the quarter. The net income for the first quarter was $164,871, which was a significant improvement from the net loss of $1,085,366 in the prior year.

Rusoro Mining Ltd. (TSXV: RML) Yesterday, the company garnered the attention of investors, and that was apparent in the price action of its stock, which clocked gains of 5%. On April 17, Rusoro Mining Ltd. announced that it retained the services of Rothschild & Co. as a financial advisor and Kirkland & Ellis LLP, in addition to existing counsel DLA Piper LLC, as its legal counsel, to help maximize the value of the United States judgment pertaining to the sale process of PDVSA. It was also noted that Muse, Stancil & Co., and S&P Global Inc. had been hired for due diligence regarding CITGO.

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) On May 7, the company was in the news cycle after it announced that its Madaouela uranium project had been visited by Commissaire Colonel Ousmane Abarchi, Niger’s Mines Minister. GoviEx Uranium Inc. had announced at the time that, along with the minister, other important local leaders had also been part of the visit. The visit had taken place on May 4 and had been part of a larger inspection of major exploration and mining projects in the region. Yesterday, the GoviEx Uranium stock delivered gains of 4%.

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) There has been no news about the company in recent times, but the stock was in focus and rallied by 4% amidst significant interest. On April 29, Century Lithium Corp. announced the results of a National Instrument 43-101 feasibility study that had been concluded at its Clayton Valley Lithium Project in Nevada. The company revealed that the study concluded that the economics of the project were strong and had been made possible with the novel chlor-alkali and DLE processes.

Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) After having rallied by 2% yesterday, the stock could be in focus today once again. On May 6, Hercules Silver Corp. announced that the three core drilling rigs had been completely mobilized. It was also noted that the drilling of the first three holes had commenced as part of a 20,000-meter drilling program at the Hercules Silver Property located in Western Idaho. The company owns the property 100%.