TSXV Stocks Watchlist for May 20

Every day, hundreds of thousands of investors flock to the TSX Venture Exchange to discover the latest stocks to track, and it would be the same this morning. Ahead of trading today, it may be a good move for investors to take a look into these five companies, which saw their stocks record notable gains this past Friday.

Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) The stock had garnered significant attention last Friday and ended up with gains of 18% amidst strong action. On May 16, Premium Nickel Resources Ltd revealed more assay results from the drilling activities at the Selebi North Underground past producing copper nickel cobalt mine in Botswana.

After having reported the results from 47 holes in the recent past, the latest assay results were with regards to 6 more holes. The company reported 17.55 meters of drilling that displayed 3.28% NiEq or 6.16% CuEq. The results further reinforced the upside potential of the high-grade Ni-Cu-Co polymetallic nature of the mine, the company noted.

NervGen Pharma Corp. (TSXV: NGEN) (OTCQX: NGENF) The clinical stage biotech company, which is involved in the development of innovative products to treat damages to the nervous system, saw its stock deliver gains of 14% last Friday. On May 17, NervGen Pharma Corp. announced that its Chief Medical Officer, Daniel Nikol, would present two posters at the 51st Annual Scientific Meeting of the 51st Annual Scientific Meeting of the American Spinal Injury Association (ASIA). The meeting had been scheduled to begin on May 20 and continue until May 23 in San Juan, Puerto Rico. The event is known for bringing clinicians, researchers, and spinal cord injury professionals under one roof to spark collaboration, research, and education.

ShaMaran Petroleum Corp. (TSXV: SNM) (Nasdaq First North: SNM) On May 8, the company announced its financial results for the three-month period that ended on March 31, 2024. ShaMaran Petroleum Corp. reported revenues of 22,588,000, compared to 43,380,000 in the prior-year period. The average daily gross oil production was 57,400 bopd, which was 14% lower than the prior-year period. Additionally, the lifting costs for the same had also been lower than 42% from the prior year quarter. Last Friday, the ShaMaran Petroleum Corp. stock was in focus and clocked gains of 13%.

Aldebaran Resources Inc. (TSXV:ALDE) (OTCQX:ADBRF) After the company’s stock clocked gains of 13% last Friday, it could be a good time to take a closer look into the latest happenings this morning. On May 9, Aldebaran Resources Inc. reported results pertaining to the four drill holes from the 2023–24 field campaign undertaken at the Altar copper-gold project located in San Juan, Argentina. The company announced that it intercepted 649.60 meters of 0.81% CuEq in the 1018.60 meters of 60% CuEq at the project.

Cornish Metals Inc. (AIM/TSX-V: CUSN) While there was no news about the company last week, the stock was nonetheless in play and delivered gains of 10%. On May 1, Cornish Metals Inc. was in focus after it reported that there had been a positive independent PEA (preliminary economic assessment) for its entirely owned and permitted South Crofty Tin project located in the United Kingdom. In the news release, it was noted that the PEA was a validation of the economic viability of the project.