Normally on Buzz on the Bullboards, we provide the Stockhouse Community with a snapshot of recent Bullboard activity, often accompanied by an Investor Pulse Poll – providing you with information on current sentiment.
This week we decided to do something different. In this week’s Buzz, we’re giving investors a look at the Big Picture – in two respects. We took the Top-250 Bullboard leaders at Stockhouse for the month of July and then asked these questions. Which new companies to the Top-250 (for July) occupy the highest positions? Which companies have risen the most in this ranking over the past month?
In terms of new arrivals, the company that made the biggest splash on Stockhouse in the month of July was Painted Pony Energy Ltd. (TSX: PONY, OTCQB: PDPYF, Forum), showing up in the #112 slot. As its name implies, this is an energy sector company, focusing on oil & gas production in British Columbia’s prolific Montney formation.
It’s generally been difficult for energy companies to generate a lot of traction with investors recently. However, Painted Pony had a very good month of July, rising roughly 30% (and continuing that uptrend today).
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Regular followers of Buzz will recall that we recently highlighted the weak sentiment regarding energy stocks, and asked the open question whether now is the time for Contrarians and value investors to be accumulating positions here? Readers who answer “yes” to that question may want to take a close look at this company.
Also new to the Top-250 is Crop Infrastructure Corp. (CSE: CROP, OTCQB: CRXPF, Forum), in the #125 position for July. CROP is a cannabis company, and like many, it has had a rougher ride in the month of July. However, the stock has recently surged higher on news of a 600,000-plant hemp crop in its new Italy cannabis initiative. The estimated harvest date is in roughly three weeks.
Behind CROP in our up-and-comers list is National Access Cannabis Corp. (TSX: V.META, OTCQB: NACNF, Forum), sitting at #130. One look at this chart explains why this company has been rising quickly in terms of investor interest. While 2018 has been a difficult year for most cannabis companies so far in terms of stock performance, META has been rocketing higher. META has a strong focus on the medicinal side of the cannabis industry.
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Also new in the Top-250 (in #133 position) is Juggernaut Exploration Ltd. (TSX: V.JUGR, OTCQB: JUGRF, Forum). Mining has also been a tough sell in 2018, and this chart tells an interesting story. After seeing a significant pullback – like most junior miners – JUGR has regained all the ground it’s lost this year. This company is just beginning its first drill program on its polymetallic Empire gold property, and investor sentiment is currently strong.
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Number five in the new companies to the Bullboard Top-250 is another mining company, Largo Resources Ltd. (TSX: LGO, OTCQB: LGORF, Forum). The stock popped near the end of July on financial news that was well-received by investors.
Rounding out our new arrivals in the Top-250 is New Gold Inc. (TSX: NGD, NYSE MKT: NGD, Forum), in the #136 position. This company’s rise in the rankings is negatively motivated. The stock has fallen off sharply in July on news of its Q2 2018 results.
Now we turn to the fastest-moving stocks in terms of investor sentiment at Stockhouse. Here we see a broad array of companies represented in this Top-6: a cannabis company, a diamond company, two oil & gas companies, a royalty company, and a diversified “industrial services” company.
Sunniva Inc (CSE: SNN, OTCQB: CNNVF, Forum) rose the fastest in the month of July among the Stockhouse Top-250. This cannabis company jumped 129 spots in the ranking (from #193 to #64). However, recent news here has also not been positive. The stock has stumbled over the past month, prompting management to issue a “no material change” announcement near the end of July.
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Right behind Sunniva (and turning in a more positive performance) is Peregrine Diamonds Ltd. (TSX: PGD, OTCQB: PGDIF, Forum). This TSX-listed diamond mining company is in the news because it is in the process of being acquired by DeBeers. The purchase price represents a solid premium over its existing share price, and investors have been congregating at Stockhouse to weigh this deal.
Niko Resources Ltd (TSX: NKO, OTCQB: NKRSF, Forum) is an established oil & gas company with overseas operations. It’s been a volatile year for NKO. But with the stock price trending higher recently, Niko rose 119 positions in July (from #226 to #106). Another name to watch for energy investors.
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Rising 86 positions in July is MEG Energy Corp. (TSX: MEG, OTCQB: MEGEF, Forum). This oil & gas company has in situ operations in the Alberta oil sands. The company’s stock has surged in recent days on positive Q2 results, including a new production record as a new expansion comes online.
In the #156 position in July was Alaris Royalty Corp. (TSX: AD, OTCQB: ALARF, Forum). Rising 75 positions last month, this company has a diversified portfolio of royalties, spread across a number of sectors. AD is another company with the wind at its back right now after reporting strong second quarter numbers. It also declared a dividend for July.
Last but certainly not least in our fastest-movers is Mission Ready Solutions Inc. (TSX: V.MRS, OTCQB: MSNVF, Forum). Investors here have had one simple but very pertinent question: what is going on with this company? MRS has been halted since July 18th, but breaking news came out on July 31, 2018.
Mission Ready has announced “a reverse triangular merger”, with one corner of this triangle still only identified as “TargetCo”. Given the complexity of this transaction (along with an accompanying private placement), regulators have been taking their time to give this deal close scrutiny. With this long halt, investors should expect a very exciting day of trading once this stock is again active.
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Next week on Buzz, we will be back to our weekly reporting of Bullboard leaders. Stockhouse readers can also look forward to the results from our latest Investor Pulse Poll (on the homepage):
A recent Stockhouse article asked: what will dominate the cannabis space, marijuana or hemp? Now we’re asking YOU. Which will lead the cannabis sector?
Tentative results show that Stockhouse’s cannabis investors have a strong opinion on this question. Vote now yourself, to add your thoughts to our latest poll.
FULL DISCLOSURE: CROP Infrastructure Corp. is a paid client of Stockhouse Publishing.