Another CoronaVirus spec play. Pulled back from recent highs and trading in the support band, for now. I bought in at .20 - .21 today. $18M mkt cap. 90M float. Could see a nice run on today's news: Algernon to Support Planned Phase 2 Trial of Ifenprodil for Coronavirus VANCOUVER, British Columbia, March 19, 2020 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc....
Bought SONA on pullback at .67 - .70 to take advantage of the Coronavirus scare. Solid product/partnership with GE. Solid NR but currently caught up in market wide panic. Expecting a rebound.
LBL.V is hitting highest volume on TSX-V today. Very similar setup to VXL.V from last week, just before it made the big move from .14 to .325 but cheaper and much better financials. Cash flow positive. $8.4M market cap. 93M shares out. See the most recent news release with regards to positive outcomes in applying their technology to treat the Coronavirus patients...
VXL is the volume leader on TSX-V today on the news of Coronavirus vaccine patent application. +21.74% so far. Likely held down by warrant sellers but could be a serious runner once they are out. $12M mkt cap is cheap compared to other biomed stocks that ran on Coronavirus related news. Very decent float at 89M shares.
USGD.C is cheap at $3M mkt cap and tight 60M float. Trading at 52 wk low with solid bid support at this level. Favourable macro (gold), expecting update on its high grade gold Nevada project + upcoming presentations PDAC could fuel the momentum reversal here. Seasonality may come into play as well as this stock tends to be active and have the highest gains in the...
XTT.V bounced off the recent trading range low (.09) on volume with bullish MACD crossover confirming reversal. Company expects steady news flow from its drilling program over the coming weeks, testing several areas with high grade historical gold hits. Note the up-sloping Accumulation/Distribution indicator, suggesting steady buying pressure over the recent months.
AXM.V should be on the radar of every #gold investor. $47M mcap company with NI-43-101 compliant resource worth $700M+ USD in the Central African Republic and other promising projects in Africa. Rapidly improving security situation and recently announced strategic partner point to a major opportunity, imo. Bullish MACD cross on the daily chart, bullish...
An incredible opportunity to buy EW.V at cash value. With JV partner in Romania covering 100% of the exploration costs, this could become a multi-bagger if any of the wells being tested are deemed commercial. EW.V is getting 15% of any oil that spuds. The stock has found a bottom at .055 in the past 2 weeks with bid support steadily increasing. Bullish divergence...
ESPT.V lit up a nice green candle on the daily chart to end the week. Poked its head above the downtrend channel that started on Aug 20th for the first time. The company is one of the early movers in the rapidly growing #eSports sector and is expected to close a revenue-generating acquisition within 1 - 2 weeks, followed by another major acquisition. Both were...
KEW.TO has been selling off as it ran into financial disclosure issues and had to fire a CFO, however the company owns valuable assets, generates revenue and is working with creditors to resolve short term liquidity issues. Definitely high risk/high reward scenario and a tight stop loss is prudent imo. After multiple days of relentless selling, the stock appears...
Speculative $5M mkt cap psychedelic mushrooms & Coronavirus spread prevention pharma play. Mostly promo driven but cheap mkt cap given recent developments. - Feb 5, 2020: Signed LOI with Legal Dutch Psilocybin Therapy Center to create JV in California. Expecting to sign DA at the end of February. - Feb 12, 2020: Signed LOI with CLOV Biopharma (specializing in...
Strong accumulation, bullish MACD/RSI/Stoch action and increasing bid support point to a likely breakout coming. The company has reported high grade Zinc/Gold/Silver intercepts in recent assays. The market is yet to notice it. Just over $3M mkt cap is cheap considering the progress they have made this year.
GGI.V has broken the downtrend after bouncing off oversold RSI levels. Bullish MACD cross, bullish Stoch/RSI action confirming trend reversal. Long-term support band near .70 has now been tested and held 3 years in a row. I am long at .69 - .71.
Deeply oversold at .43 (Daily RSI = 21) with a single seller reloading the ask. Trading at major discount to recent financing of .635. Last tranche is yet to close, so this is most likely one of the participants unloading a position. Stock tends to swing wildly when it gets oversold so I would not be surprised it will be back in the .60s after the iced ask is taken out.
Playing WELL.V for oversold bounce (bought $1.15). Fib. support holding strong at $1.12. Stop loss just below that to limit risk. Background: Recent selloff is due to $1.45 warrants coming online on Oct. 11th. Shorts likely piled on + retail panic sold. Looking for shorts to start covering and technical traders entering positions in the next few days.