Major Stock Movers on TSXV: ALDE, ARCH, VCU, HITI, SEI

Every day, a large cohort of investors flock to the TSX Venture Exchange to hunt for the latest stocks for tracking and investment. At the beginning of yet another trading week, it may be a good time for investors to look into some of the TSX-listed stocks that have moved strongly recently. Here is a look at five of those.

Aldebaran Resources Inc. (ALDE.V) Last Friday, the company saw its stock make a notable move and end the day with gains of 11% amidst strong interest. On February 6, Aldebaran Resources Inc. came into focus after it reported the results from the first four drill holes from the field campaign of 2023–24 at its Altar copper-gold project located in San Juan, Argentina.

It was noted at the time that the results from the four holes provided key information for the company’s understanding of the project. It was also revealed that the company had complete access to the project and was drilling for more locations.

Arch Biopartners Inc. (TSXV: ARCH) The company’s stock had rallied last Friday and delivered gains of 10% for the day following an announcement. On March 15, Arch Biopartners Inc. announced that its Phase II trial for the LSALT peptide had been joined by a research team from the Cumming School of Medicine of the University of Calgary.

The product is meant for the treatment and prevention of cardiac surgery-associated acute kidney injury (CS-AKI). It was noted that the LSALT peptide was also the leading candidate from Arch Biopartners for the treatment of inflammation in the liver, lungs, and kidneys.

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF): This was another TSX Venture exchange-listed stock to have made a notable move last Friday after it clocked gains of 10%. On March 5, Vizsla Copper Corp. came into focus after it announced a non-brokered private placement for a maximum of 23,076,923 units at a price of $0.065 each so as to raise gross proceeds to the tune of $1,500,000.

Each unit would be made up of one share of the company’s common stock and one common share purchase warrant. A warrant holder would be able to pick up a common share for $0.12 up until 36 months from the date of issuance.

High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) This past Friday, the company’s stock clocked gains of 9% for the day. On the day High Tide Inc., the retail forward company involved in delivering real value across all cannabis components, announced its financial results for the first fiscal quarter ended January 31, 2024.

High Tide reported revenues of $128.1 million, which was a strong improvement on the $118.1 million generated in the prior-year period. Additionally, the adjusted EBITDA for the quarter was $10.4 million as opposed to $5.5 million in the prior year quarter.

Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) Following an update about an on-going exploration update on March 14, the company’s stock rallied the next day and gained 6%. The update from Sintana Energy Inc. was about the exploration campaign on blocks 2813A and 2814B situated at the Orange Basin in Namibia, one of the more prospective oil and gas regions in the world.