Market Movers

Major TSXV Stock Movers on Unusual Volume

Mar 26, 2024
Major TSXV Stock Movers on Unusual Volume

The TSX Venture Exchange has always been a happy hunting ground for investors who may be looking for the next big thing in the markets. On Monday, there had been a number of stocks that had made strong moves in the market. Here is a look at five stocks that have made notable moves and could be in focus today.

Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF) On March 20, the company announced the assay results from the metallurgical hole drilled down dip at the QF Zone and reported 3.43% copper, 34.00 g/t silver, 1.80% zinc, and 0.30 g/t gold.

Yesterday, Amex Exploration Inc. stock was in considerable focus and ended the day with gains of 8% amidst strong interest. The company’s QF Zone is located around 200 meters in the north-eastern direction of the Team Gold Zone. Additionally, it had been one of the more recent discoveries from Amex Exploration and had been discovered in the same geological unit that had hosted the Normetal Mine.

ROK Resources Inc. (TSXV:ROK) (OTCQB:ROKRF) The petroleum and natural gas exploration company could be one to watch today after its stock clocked gains of 7.5% on Monday. On February 15, ROK Resources Inc. provided two key updates.

The company revealed that it had hit a record daily average production of around 4650 boepd for December 2023. Additionally, it was noted that there had been reserve and core area drilling growth in 2023. ROK Resources also stated that the guidance for the first half of 2024 was going to be mainly focused on the disciplined allocation of capital.

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Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) While there was no news about the company yesterday, there was strong action in the stock, and it ended up clocking gains of 5%. On January 29, Lumina Gold Corp. announced that it had appointed Ausenco Engineering Canada ULC as the lead for conducting the feasibility study at its Cangrejos Gold-Copper Project, located in Ecuador. The company noted that it expected the feasibility study to be concluded at some point in the first half of 2025. Additionally, the company revealed that it had also hired a team of consultants to assist with the feasibility study.

HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) The innovative company is best known for having pioneered green energy-backed blockchain infrastructure, and yesterday its stock ended the day with gains of 4%. On March 6, HIVE Digital Technologies Ltd. announced its unaudited production figure for February 2024.

In the news release, the company announced that its bitcoin holdings had gone up by 10%, and at the end of the month, it held 2131 bitcoin tokens on its balance sheet. The average Bitcoin mining capacity for the month was 4.06 Exahash.

Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) It was a tough day in the markets for the company’s shareholders as the stock slumped by 13% following a selloff. While there was no news about Premium Nickel Resources Ltd., the company had announced additional assay results from the drilling activities at its past producing Selebi North underground mine located in Botswana. The company noted that up until then, an aggregate of 42 holes had been released, which represented a total of 15302 meters.