Stock Gainers on TSXV

Over the years, the TSX Ventures Exchange has emerged as one of the happier hunting grounds for investors looking for multibagger stocks, and the trends seem to have continued. As another trading week begins, it may be a good time to consider taking a closer look at some of the major gainers from the exchange last Friday. Here is a look at five of those.

Majestic Gold Corp. (TSXV:MJS): While there was no news about the company last week, the stock had been in sharp focus and ended up with gains of 7% as a consequence. However, on February 7, Majestic Gold Corp. came into focus after it announced that it had appointed a new Chief Executive Officer and President of the company in the form of Shaohui Chen on an interim basis.

The appointment had gone into effect immediately. It was noted at the time that Chen had been associated with the company since 2007, and at the time he was a director at Majestic Gold Corp. as well as its Chief Financial Officer.

Santacruz Silver Mining Ltd. (TSXV: SCZ) On April 4, the company announced that it had inked a binding term sheet with Glencore entities dated March 28, 2024. As per the term sheet, Santacruz Silver Mining Ltd. would amend some of the transaction documents pertaining to the prior sale of Glencore’s Bolivian mining assets to the company. The amendment was a significant milestone for the company since it would give Santacruz Silver Mining financial flexibility and also boost the balance sheet. Last Friday, the stock had also been in action and ended up with gains of 21% amidst strong interest.

Banyan Gold Corp. (TSXV:BYN) (OTCQB:BYAGF) This past Friday, the company saw its stock come on the radars of investors and clock gains of 5% for the day. On March 19, Banyan Gold Corp. announced that it had concluded the filing of the technical report that supported the Updated Mineral Resource Estimate (MRE) in line with the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards. The MRE had been for the AurMac Project situated in the Mayo Mining District, located around 40 kilometers to the north east of the Mayo village in Yukon.

Thor Explorations Ltd. (TSX-V:THX) (OTC:THXPF) Given the fact that the stock clocked gains of 6% last Friday, it is likely to come into focus among investors this morning. On April 3, the company’s Chief Executive Officer and President, Segun Lawson, announced that Thor Explorations Ltd. had further boosted its interests in Senegal through the acquisition of two interests in a pair of licenses. The move was significant since it further progressed the company’s plans to move its Douta gold project forward to 1.7 million ounces of gold in terms of global resources.

Brunswick Exploration Ltd. (TSX-V: BRW) (OTCQB: BRWXF) On April 8, the company announced that it had inked an agreement to buy back an existing 0.5% NSR on some of its claims in the Mirage Project from Sirios Resources. The news may have been a positive trigger for the Brunswick Exploration Ltd. stock, as it ended up with gains of 10% on Friday. It was also noted that the company’s management was eagerly looking forward to the first set of results from the Winter 2024 campaign at the project.