Notable Stock Movers on TSX: SEI.V, LITH.V, GBU.V, OCO.V, CUSN.V

The TSX Venture Exchange remains one of the more popular exchanges for throngs of investors who may be on the lookout for the next big mover. On March 14, there were a number of stocks on the exchange that had made strong moves. This feature would provide you with a closer look at five of the top movers.

Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) On March 14, the company was in prime focus following a key announcement, and its stock ended up with gains of as much as 28% for the day.

Sintana Energy Inc. came into focus after it provided an update with regards to its exploration campaign in blocks 2813A and 2814B at the highly prospective oil and gas region in the Orange Basin, Namibia. The company noted that the drilling work had led to the discovery of major light oil column reservoirs of good quality.

Lithium Chile Inc. (TSXV:LITH) (OTC:QB) The company saw its stock make a 9% upward move on Thursday amidst strong interest. On February 9, Lithium Chile Inc. was in focus after it provided an update about its Argentina-based Salar de Arizaro Project. The company revealed that considerable progress had been made on the claims in the north-eastern portion, and that included the sampling results from the ARDH 08 hole.

The company noted that one diamond drill hole had been completed at the project. The hole encountered formations that were rich in brine in the zones that had not been previously drilled. Work on a new diamond drill hole, ARDH 9, had also commenced.

Gabriel Resources Ltd. (TSXV:GBU): On March 14, the stock was one of the more notable gainers, as it ended up with gains of as much as 25%. On March 11, it emerged that on March 8, the ICSID arbitration claims of Gabriel Resources Ltd. against the Romanian government had been dismissed by a two-to-one majority.

Additionally, the Romanian government had also been awarded $10 million for legal fees as well as expenses. In the news release, it was also noted that the award was binding on both entities and would incur simple interest at a 3-month United States Treasury rate since the date of the judgment.

Oroco Resource Corp. (TSX-V: OCO) (OTC: ORRCF) The stock emerged as a prime mover on March 14 as it clocked gains of 9% amidst heavy interest. On February 20, Oroco Resource Corp. announced that it had concluded a non-brokered private placement.

The company sold 2,570,000 units for $0.40 each to generate net proceeds of $1,028,000. Each unit consisted of one common share and one share purchase warrant. It was noted at the time that each warrant entitled the holder to pick up one share for $0.65 a share for 18 months since the day of closing.

Cornish Metals Inc. (TSX-V: CUSN) Although many stocks on the exchange recorded notable gains, the stock actually suffered from a selloff and went down by 9% yesterday. On March 15, Cornish Metals Inc. announced that Richard Williams, its Chief Executive Officer, would leave the company and its board of directors. The departure would go into effect on March 31, 2024. The company revealed that Williams would continue to be available for the company in the capacity of a consultant.