TSXV Stocks to Watch on Thursday

The interest in the TSX Venture Exchange has always been quite intense, and the situation continued to be the same on Wednesday as many stocks ended up with notable gains. This feature would provide you with a quick look into five stocks listed on the exchange that could be worth tracking.

High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) The high-impact and retail-centric company had been established to provide real value across each component of cannabis. Yesterday, the High Tide Inc. stock was in play and ended up with gains of 9% amidst significant interest. On May 6, the company was in the news cycle after it announced its retail cannabis store at 1949 Ravenscroft Road in Ajax, Ontario, would start offering recreational cannabis production in addition to consumption accessories for adult use. The offerings were made available on the same day. The new store was the 170^th Canna Cabana-branded retail location of High Tide in Canada. It was also the 61^st in Ontario and the 2^nd in Ajax.

Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF) The company was on the radars of investors, and that was apparent in the price action of its stock, which ended up with gains of 8%. On May 1, Thesis Gold Inc. announced the updated MRE (Mineral Resource Estimate) for its Lawyers Ranch Project. It was revealed that the project in question boasted a measured and indicated mineral resource of 4 Moz and an inferred mineral resource of 727 Koz, with grades of 1.51 g/t AuEq and 1.82 g/t AuEq, respectively. It was also announced that the total tonnage of the property was 94.4 tons with a grade of 1.55 g/t AuEq. That reflected a 32% rise in tonnage.

Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) Although there was no specific news about the company yesterday, the stock attracted the attention of investors and delivered gains of 5%. On April 17, Premium Nickel Resources Ltd. announced the additional assay results from the drilling activities at its past producing nickel copper cobalt sulfide Selebi North underground mining property in Botswana. The latest announcement was with regards to the results from four additional holes. The company announced that the results demonstrated more mineralization outside the historic resource at the property.

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) Following a major announcement from the company yesterday, the stock rallied by as much as 8% amidst strong interest. Kraken Robotics Inc. revealed yesterday that it had bagged an order for sustainment and spares of its KATFISH Mine Counter Measures solution. The value of the order was $2 million. However, that was not all. The company announced that it had also received an order worth $1.3 million for its AquaPix synthetic aperture sonars.

Orogen Royalties Inc. (TSXV:OGN) (OTCQX:OGNRF) Following the 4% rally in its stock yesterday, it is likely that the company will be on the radars of many investors this morning. On May 1, Orogen Royalties Inc. made an announcement with regards to a technical update and the preliminary mine production schedule for its Merlin gold deposit operation. It was revealed that the inferred mineral resources at Merlin stood at 9.05 million ounces of gold to go along with 15.22 million ounces of silver. The Merlin deposit was open to the west and the north, with considerable scope for further expansion.