Key Stock Winners on TSXV

The TSX Venture Exchange is one of the most popular stock exchanges at the moment, and every day the trading volume hits hundreds of millions of dollars. The situation was the same on Wednesday, as the trading continued to be frenetic and a number of stocks ended up clocking strong gains. This feature would give you a look at five notable gainers.

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) The company’s stock garnered significant attention from investors yesterday and ended up with gains of 14% amidst strong interest. Lion One Metals Limited had been in the news on May 8 after it reported major new high-quality gold results from the near mine expansion that took place at the Tuvatu Alkaline Gold Project located in Fiji.

The results announced by the company were for assay results that took place at the SKL and the Marau down-dip extension areas of Tuvatu. In the news release, it was noted that both areas were outside the current working plan for the mine but were not far from the current underground workings. However, the areas would be brought into the mine plan in the latter part of 2024 and then in 2025.

Minera Alamos Inc. (TSXV: MAI) On May 3, the company came into focus after it provided an update with regards to its Cobre 4H Mexican subsidiary. Minera Alamos Inc. announced that, following the publication of limited information about its copper assets, it asserted that there was a necessity to provide more information about its Potreritos and Los Verdes projects. The company stated that the two projects continued to be key constituents of its plans pertaining to the development of an independent copper entity over time. Yesterday, the stock rallied by 11%.

AbraSilver Resource Corp. (TSX.V:ABRA) (OTCQX: ABBRF) While there was no news about the company yesterday, the stock was in play nonetheless and ended up with gains of 8.5%. On May 6, AbraSilver Resource Corp. announced that it had started a 20000-meter diamond drilling initiative at its 100% owned Diablilos property located in the Salta Province of Argentina. The drilling program marked the beginning of a whole funded and extensive exploration campaign meant for further delineation and expansion of the high-grade silver-gold mineralization at the property.

Falcon Oil & Gas Ltd. (TSXV: FO) The global oil and gas company, involved in the development and exploration of unconventional oil and gas assets, saw its stock rally by 8% yesterday. On May 7, Falcon Oil & Gas Ltd. announced that it had been given conditional approval from the TSX Venture Exchange for the second tranche of the subscription from Sheffield Holdings LP. As a consequence, the company issued 6,638,597 new common shares to Sheffield for the issue price of 0.06 British Pound per share.

HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) The pioneering green energy-backed blockchain infrastructure company announced its unaudited production figures for the month of April 2024 on May 8. HIVE Digital Technologies Ltd. announced in April that it had been successful in mining 212 Bitcoin tokens and boosted its total holdings by 4%. The company also revealed that it maintained average Bitcoin mining capacity to the tune of 4.9 Exahash through the month. On Wednesday, the stock climbed by 8%.