Top Gainers on TSXV

As the trading week comes to a close, it may be a good time for investors to consider taking a closer look at those TSX Venture Exchange-listed stocks that may have clocked notable gains on Thursday. This feature would provide you with a closer look into five companies that saw their stocks go on strong upward moves yesterday.

Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) The company was in sharp focus yesterday, and that was apparent in the price action in its stock, which clocked gains of 18% amidst heavy interest. On May 14, Surge Battery Metals Inc. announced that it had contracted the services of Tucson, Arizona-based M3 Engineering and Technology Corporation as the lead engineering firm for a project. M3 Engineering would be responsible for the production of the PEA (preliminary economic assessment) and the associated NI 43-101 technical report for Surge Battery Metals’ Nevada North Lithium Project (NNLP). The company also revealed that the results from the NNLP PEA would be announced towards the end of the fourth fiscal quarter of 2024.

Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) In light of the 14% rally in the stock yesterday, it is likely that the company will be on the radars of investors this morning as well. On May 13, Rock Tech Lithium Inc. announced that it had adopted an ‘Advance Notice By-law’ for the purpose of setting up certain frameworks and conditions. Thanks to the framework, beneficial or registered common share owners of Rock Tech Lithium could exercise their rights for the submission of director nominations by fixing a deadline prior to any special or annual meeting of shareholders of the company. The Advance Notice By-law provided a clearer process for shareholders to abide by with regards to director nominations.

CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) Although there was no news about the company this week, the stock was in play yesterday and delivered gains of 8%. On April 18, CVW CleanTech Inc. announced its financial results for the fiscal year ended December 31, 2023. The company revealed that its cash on hand at the end of the period was $6 million. In the fiscal year, the company suffered a net loss of $3.7 million, which worked out to a net loss per share of $0.03. The stock-based compensation expenses for the year stood at $1.6 million.

ShaMaran Petroleum Corp. (TSXV: SNM)  On May 8, the company hit the news cycle after it announced its financial results for the fiscal quarter ended on March 31, 2023. ShaMaran Petroleum Corp reported revenues of 22588,000 for the quarter, which was a significant drop from the 43380000 in revenues generated in the prior year period. The combined daily oil production from Sarsang and Atrush was 57400 bopd, which was 14% lower than the combined oil production in the prior year quarter. The stock climbed 7% yesterday.

Emerita Resources Corp. (TSXV: EMO) The stock had climbed by 6% yesterday, and it could be connected to the development from May 2. At the time, Emerita Resources Corp. announced that it had been successful in closing a non-brokered private placement of 12,500,000 units at $.40 each to raise gross proceeds to the tune of $5,000,000. Each unit was made up of one common share in the company and one common share purchase warrant. A warrant holder would be entitled to pick up a share in Emerita Resources Corp. for $0.60 up until 36 months from the date of issuance.