Market Movers

Stock Gainers on TSXV

Apr 03, 2024
Stock Gainers on TSXV

Investors who follow the TSX Venture Exchange closely know that every day new gems are discovered, and hence, one needs to conduct research diligently. This feature is going to provide you with a closer look into five stocks on the TSX Venture Exchange that made strong gains on Wednesday and, hence, could be worth tracking closely.

Brunswick Exploration Inc. (TSXV:BRW) (OTC:BRWXF) On Tuesday, the company had come on the radar of investors, and the stock had clocked gains of 20% amidst strong interest. On March 26, Brunswick Exploration Inc. announced that it had expanded its portfolio of targets and map-staked in excess of 215 outcropping, mapped, and untested S-type pegmatites with measurements ranging from 500 to 8800 meters in strike length. The company went on to note that the pegmatites that had been newly acquired were discovered after considerable compilation work from Brunswick Exploration. The company also noted that the discoveries were largely located near existing power infrastructure, roads, and tidal water.

Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF) Although there was no fresh news about the company yesterday, the stock was in play and delivered gains of 16.50%. Thesis Gold Inc. had been in the news on March 12 when it reported all the remaining assay results from the 2023 drilling program at its Ranch Project. In the news release, the company announced that the step-out drilling at the Bingo Zone on the property intersected 20 meters of 8.46 g/t gold, 1.72% copper, and 36.96 g/t silver. The company had raised the number of meters drilled at the Bingo Zone by as much as 100% in 2023.

High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) The retail forwarding company had been built so as to deliver considerable value across every aspect of the cannabis business. Yesterday, High Tide Inc. saw its stock clock gains of 14% owing to a key development. On April 1, the company announced that it welcomed the beginning of the legalization of cannabis in Germany.

The company noted that it had been following the developments in Germany for quite some time, and in January last year, High Tide had even signed a letter of intent with Sanity Group, a Berlin-based health and life sciences firm. The letter of intent had been signed so as to cash in on cannabis legalization in Germany.

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Guanajuato Silver Company Ltd. (TSXV:GSVR) (OTCQX:GSVRF) On March 14, the company hit the newswires after it announced the signing of a third-party gold and silver processing agreement with REM Marfil SA De CV, a miner based out of Guanajuato. As per the terms of the agreement, the mineralized material from the La Providencia project would be processed at Guanajuato Silver Company Ltd.’s Cata and El Cubo processing facilities. Yesterday, the Guanajuato Silver Company stock clocked gains of 11.40%.

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) The company announced on March 4 that it had discovered copper porphyry-style mineralization at a newly identified mineralization system at its Tuvatu Alkaline Gold Project located in Fiji. Lion One Metals Limited is the 100% owner of the project.

The discovery had been made by the company through surface drilling activities at the Wailoaloa prospect and was part of the regional exploration program undertaken by Lion One Metals. Yesterday, the Lion One Metals stock delivered gains of 9%.