Volatility is a hot word among traders these days, but really, did we ever get a break?
A recent cannabis rally seems to have plateaued, while the story of crumbling oil prices and the damage caused to the energy sector appears to be in the rear-view mirror as futures reclaim lost ground.
Several established names have retaken their top positions on the Bullboards while a few new stocks have garnered some solid attention.
Cannabis industry heavyweight
Aphria Inc. (TSX / NASDAQ: APHA, Forum) made headlines when it issued 1.6 million shares to
Aleafia Health Inc. (TSX: AH, Forum) subsidiary
Emblem Cannabis Corp. as part of a
settlement agreement.
Elsewhere in the industry,
Aurora Cannabis Inc. (TSX / NYSE: ACB, Forum) saw some attention last week on the news that its co-founder and former CEO is
set to retire from pot giant's board. Meanwhile, Canadian LP
Zenabis Global Inc. (TSX: ZENA, Forum) is proving that its recent track record of top Bullboard appearances is no fluke. The company just sold 181,000,000 units in its latest offering for aggregate gross proceeds of $23,500,000.
What the "Buzz"
Our Bullboards have up to 2 Million pageviews a day. Get the inside scoop on conversations around the most significant trends and stock appreciations in our weekly wrap up.
Get "Buzz on the Bullboards" delivered to your inbox every Thursday!
Buzz on the Bullboards | Sign Up Here
Many Stockhouse readers likely did a double-take when they saw the striking performance by renewable energy company
HPQ Silicon Resources Inc. (TSX-V: HPQ, Forum). Company shares had more than doubled over the first week of July and even HPQ management
can’t explain why.
Even so, HPQ took the opportunity to draw attention to a recent report by
Wood Mackenzie Power & Renewable’s Report projects that energy storage deployments are estimated to grow 1,300% from a 12 Gigawatt-hour market in 2018 to a 158 Gigawatt-hour market in 2024. Meanwhile, at current growth rates of 2% per year, global energy consumption will be an estimated 125,000 Terawatt-hours, which is 800,000 times more than the estimated storage capacity. An estimated $71 billion (USD) in investments will be made into storage systems where batteries will make up the lion’s share of capital deployment.
(HPQ Silicon Resources Inc. stock chart - Jan 2020 to July 2020.)
Wallbridge Mining Company Limited (TSX: WM, Forum) continues to be a company at the centre of heated discussions on the forums as it moves ahead with its gold and advanced-stage projects.
Bullboard poster
jg75123 called this “accumulation time for WM shareholders”
“This stock is consolidating very nicely around this $1.10 level. we are going to have a monster season of exploration, with so many hot targets and land positions we are for sure going to have some monster results which will all add to WM resources which will drive the stock price much higher. I see $2-$3 by January if the POG hits $2000usd.”
Among health care stocks, a relatively new name among investor discourse is Protech Home Medical Corp. (TSX-V: PTQ, Forum). This provider of in-home monitoring and disease management services recently announced that it had closed its offering of 25 million units for aggregate gross proceeds of $28.7 million. PTQ intends to increase its cash position with these funds and has an eye on completing strategic acquisitions.
Investors are always on the lookout for any recent companies that have managed to rebound from the March 2020 crash and StageZero Life Sciences Ltd. (TSX: SZLS, Forum) is one business that fits the bill.
The medical company recently announced that it had closed its financing of $4.6 million and immediately put those funds to use, hiring staff, and purchasing equipment, test reagents, and consumable materials for COVID-19 tests and Aristotle, its proprietary multi-cancer panel for the simultaneous screening of 10 cancers from a single blood sample.
(StageZero Life Sciences stock chart - Jan 2020 to July 2020.)
Furthermore, SZLS added that it had been using the Beckman Coulter SARS-CoV-2 IgG antibody test, which had just been granted emergency use authorization from the US Food and Drug Administration. Beckman Coulter develops, manufactures, and markets products that simplify, automate, and innovate complex biomedical testing.
“We are pleased to welcome new shareholders including Canadian based institutional funds, and with their support focus on expanding our COVID-19 testing, and the commercialization of Artistotle.” - StageZero CEO James Howard-Tripp.
But as we’re learning, each sector is experiencing the uncertainty ride differently, and we want to know where your money is at! With many of our top sectors and most-viewed companies changing regularly, it’s important to check in and see where small-cap investors are focusing their investments, so head over to the Stockhouse Homepage or click the image below to add your voice and let us know!
(Click image to go to the poll)
Of course, the story for each sector is likely to change by next week, and sometimes even more quickly. It’s more important than ever for small-cap investors to stay up-to-date on the current conversations and company movements, and there’s no better place than the Stockhouse Bullboards. For previous editions of Buzz on the Bullboards: click here.