TSXV Stock Movers To Watch On Monday

The TSX Venture Exchange remains one of the most active stock exchanges in the country, and every day plenty of investors rush to the markets to track the stocks listed there. It would not be any different this morning. Hence, it may be a good idea for investors to take a closer look at five stocks that emerged as the biggest movers this past Friday.

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) It was a tough day in the markets for the company’s shareholders, as the stock declined by as much as 16% following an announcement from the company. GoviEx Uranium Inc. announced on April 19 that it was in talks with the government of the Republic of Niger with regards to the commencement of its mining operations. The company announced that it had been provided with a notice that stated that GoviEx Uranium could start mining at the Madaouela uranium project by July 3 of this year. However, if the company failed to do so, then the mining permit would be revoked by the authorities.

Gabriel Resources Ltd. (TSXV:GBU) The company’s stock was one of the biggest movers last Friday, as it ended up with gains of 33% amidst keen interest. On March 8, Gabriel Resources Ltd. announced that its ICSID arbitration claims against the Romanian government had been dismissed by a two-to-one majority by the tribunal members. Additionally, the tribunal also awarded the Romanian government $10 million in legal costs and expenses. The cost order would accrue interest at a 3-month US Treasury rate since the date of the award.

NervGen Pharma Corp. (TSXV: NGEN) (OTCQX: NGENF) The clinical-stage biotech company was on the radar of investors last Friday, and its stock ended up with gains of 12%. On April 17, NervGen Pharma Corp. announced its financial results for the year ended December 31, 2023. The company had cash and investments to the tune of $11.7 million at the end of the period, compared to $22.5 million at the end of the previous year. The research and development expenses went down from $16.6 million in the previous year to $8 million. The net loss widened to $22.4 million for the year, compared to $20.7 million in the previous fiscal year.

Santacruz Silver Mining Ltd. (TSXV: SCZ): On April 4, the company announced that it had entered into a binding term sheet dated March 28, 2024, with some Glencore entities. Santacruz Silver Mining Ltd. announced that, as per the term sheet, there had been amendments to some documents pertaining to the sale of some Bolivian mining assets to the company by Glencore. At the time, the amendment was called a major milestone for the company since it was going to boost the balance sheet and also provide Santacruz Silver Mining with financial flexibility. On April 19, the stock went up by 8%.

ShaMaran Petroleum Corp. (TSXV: SNM) Last Friday, the company garnered attention among investors, and that was evident in the 7% gains delivered by its stock. On March 13, ShaMaran Petroleum Corp. announced that it had granted incentive options to some officers, employees, and other eligible parties in the company to acquire 26540000 shares for the exercise price of C$0.05 per share. The options could be exercised over a period of five years.