Top Gainers on TSXV

As another trading week begins, it is the right time for investors to keep an eye on the stocks of those companies that had clocked strong gains last Friday. There were a number of stocks that delivered strong gains last Friday, and this feature would provide you with a look into five of those.

Gabriel Resources Ltd. (TSXV:GBU) Last Friday, the company had come into considerable focus among investors, and that was apparent in the price action in its stock, which delivered gains of 33%. On April 4, Gabriel Resources Ltd. announced that on March 8, 2024, its ICSID arbitration claims against the Romanian government had been dismissed by the tribunal members with a majority of two to one. Additionally, the tribunal also awarded $10 million in legal costs and expenses to the Romanian government. The cost order would incur simple interest at the 3-month US Treasury rate since the day of the award.

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) On April 5, the company announced the results of the redetermination process at the Cabure Unit and revealed that the independent expert had ruled in favor of its proposal. The news came as a major boost for the Alvopetro Energy Ltd. stock, which clocked gains of as much as 27% on the same day. As a result of the development, the company’s working interest in the unit had also gone up to 56.2% from 49.1%. The redetermined working interest would go into effect on June 1, 2024.

West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF) The company was in sharp focus last Friday, and its stock ended up with gains of 13% amidst strong interest. On April 4, West Red Lake Gold Mines Ltd. announced that it had been successful in closing the second and final tranche of the private placement of its gold-linked notes. Following the completion of the placement, the total valuation of the notes that had been issued came to $27,165,631. In the second tranche, West Red Lake Gold Mines issued an extra 1924 units for the price of $1000 per offering unit and generated gross proceeds to the tune of $1,924,000.

Quisitive Technology Solutions Inc. (TSXV: QUIS) (OTCQX: QUISF) The premier Microsoft Cloud and artificial intelligence solutions provider announced last Thursday that it had completed the sale of its BankCard USA Merchant Services Inc. business unit to Nevada-incorporated BUSA Acquisition Co. The next day, Quisitive Technology Solutions Inc. stock came into focus and clocked gains of 9%. Thanks to the sale, the company was able to exit the payments division. It would be entirely focused on being a cloud-services-focused entity.

G2 Goldfields Inc. (TSXV: GTWO) (OTCQX: GUYGF) On April 3, the company announced an updated MRE (Mineral Resource Estimate) for its 27719-acre OKO project located in Guyana. The announcement proved to be a positive for the G2 Goldfields Inc. stock, as it climbed 9% on Friday. In the news release, it was revealed that the total contained gold had gone up to 2 million ounces, and that worked out to an increase of 69%. The total indicated gold went up by as much as 320% to hit 922,000 ounces.