4:05pm: Reklaim shares add to gains late afternoon
FE Battery Metals closed up 15% at $0.77, while Arrival SA rose 16% to $0.14, Reklaim finished 38% higher to $0.055, and The Greenbrier (NYSE:GBX) Companies ended up 10% at $33.27.
1:15pm: FE Battery Metals, Arrival SA shares make big gains
FE Battery Metals Corp (CSE:FE) shares shot up 34% to $0.90 on Monday after the explorer and developer of early-stage lithium pegmatite projects announced results of drill hole LC23-50 from the current 2023 program at its flagship Augustus Lithium Property in Quebec, which included a 17.5-metre-wide section of 1.19% lithium oxide (Li2O) at 82.4 metres depth.
As well, shares of Arrival SA (NASDAQ:ARVL) jumped 31% to $0.16 as the company said it struck a business combination agreement with Kensington Capital Acquisition Corp, a special purpose acquisition company.
Arrival is developing an innovative Class 4 extra-large van that the company believes offers a high-quality user experience and lower cost of ownership for commercial operators.
Reklaim (TSXV:MYID) stock, meanwhile, continued to move higher Monday, up 25% to $0.05 following a 33% gain on Thursday after the consumer data management company reported that it fiscal 2022 revenue rose 36% year over year to a record $2,361,110, while its gross margin improved by 87% year over year as the company focuses on profitability.
And, The Greenbrier (NYSE:GBX) Companies Inc shares gained 10% to $33.10 on Monday after the maker of railroad freight car equipment reported fiscal second quarter net income that topped the Street's expectations, posting adjusted earnings of $0.99 per share for the period ended February 28, well ahead of the $0.61 per share average estimate of three analysts surveyed by Zacks Investment Research.
Contact Sean at sean@proactiveinvestors.com