From short-term energy plays, to long-term industrial bets, and even uncertain cannabis swings, small-cap investors have had their hands full over these last few months keeping up with the markets in these COVID times … the latest hot play is ever changing.
Even so, through all of the recent volatility, consistent stocks have continued to perform well, and market fundamentals have gained strength around them. Those who have been focused on delivering results that were in the making for a long time, and now we’re starting to see those results.
In this edition of Buzz on the Bullboards, we are highlighting some of the recent discoveries, moves, and results that have driven share price increases and propelled stocks to the top of the charts.
The industrials Bullboards have been far from quiet in recent months and high-tech plasma processing company
PyroGenesis Canada Inc. (TSX-V: PYR, Forum) has been the top trending stock consistently, while
Bombardier Inc. (TSX: BBD , Forum) has also been the focus of discussion time and time again.
Earlier this week, the transportation giant unveiled the first Global 7500 aircraft equipped
with a dual head-up display (HUD). This first-in-class capability provides additional safety and redundancy to what is already the most advanced and pilot-friendly cockpit in business aviation.
(Image via Bombardier.)
This is big news, as Bombardier’s Senior Vice President, Program Management and Engineering, Michel Ouellette explained, it offers benefits including increased contribution from the co-pilot during HUD-assisted operations, easier switching between pilot flying and pilot monitoring as well as valuable redundancy during low-visibility approaches.
“This cockpit is designed to put technology and automation at the service of the crew, rather than creating technology that the crew has to manage.”
Shifting gears to cannabis, all eyes were on
HEXO Corp. (TSX: HEXO, Forum), who recently completed its at-the-market equity program and sold more than 33.9 million common shares of the company and were sold for total gross proceeds of more than $34.5 million (CAD), after applying applicable US exchange rates. Despite enduring stock volatility, HEXO is actually gaining a market share and has been recording increased sales over the past few quarters.
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When it comes to market activity, almost nothing compares to what is happening with oil and gas. As hurricane Laura gains strength into a Category 4 storm as it barrels down into Mexico and the southern US, prices have jumped.
This has led to heated discussion on oil producers such as
Crescent Point Energy Corp. (TSX: CPG, Forum) and
Baytex Energy Corp. (TSX: BTE, Forum). On the flipside, natural gas plays like
CGX Energy Inc. (TSX-V: OYL, Forum) and especially
Painted Pony Pete Ltd. (TSX: PONY, Forum) have been elevated substantially. PONY shares have actually galloped back up from the lows it endured during the March 2020 market slump.
(Painted Pony Pete Ltd. stock chart. Click to enlarge.)
Investors who have stuck with Painted Pony are no doubt happy with their commitment and new traders are likely pleased to reap rewards from recent gains. This brings us to check in on the results from our recent poll on passion investing versus investing purely for some financial gains. It turns out that a high number of you do see the value in an investment where making money is only part of why you’re involved, you love what a company is doing and the bottom line of making a bigger return than you invested maybe isn’t as crucial as seeing where the company develops.
Even the most novice of investors can’t ignore a company who has good news to share and these days, anyone whose headlines talk about coronavirus treatments even more so.
Our question to you this week, do you make a move on any company following their news related to COVID-19 treatments? Click the poll below to cast your vote.
(Click image to go to the poll)
Sona Nanotech Inc. (CSE: SONA, Forum) may be a small Halifax-based R&D nanotech life sciences company, but they’ve made big waves on the bullboards as works to launch a coronavirus detection device within months, assuming successful trials and government approval. This week, SONA announced that its
rapid detection COVID-19 antigen test achieved a sensitivity of 84.6% and a specificity of 90.0% in a study across 99 collected clinical patient samples, which included 39 positive samples and 60 negative samples.
From here, SONA will continue with its submission of data to both the US Food and Drug Administration and Health Canada to support their requirements for emergency use authorization approvals.
“Rapid, point-of-care, antigen tests can make a significant contribution to reducing the spread of COVID-19 by detecting the presence of the virus, potentially before the onset of symptoms. This achievement is the result of the extraordinary work and dedication by the entire Sona team and our partners,” - Sona Nanotech President and Chief Scientific Officer, Darren Rowles.
This is true for other companies working the fight against COVID. Take this undervalued play for example,
Therma Bright Inc. (TSX-V: THRM, Forum) casually mentioned
back in July that it is developing a rapid test to detect COVID-19 virus in saliva - the CoviSafe. Shares spiked on this news to hit far above its record price and even the company
didn’t know why its value rose so high … but there appears to be no turning back. That was a 1,700% increase from Aug 2019 to July 2020 and the stock is only worth 17 cents right now.
(Therma Bright Inc. stock chart. Click to enlarge.)
The most important thing for investors is to stay informed, alert, and ready for action. The lingering market uncertainty and developments of the pandemic only strengthen this need, so make sure to catch up on the latest plays on the Stockhouse Bullboards. For previous editions of Buzz on the Bullboards:
click here.
FULL DISCLOSURE: PyroGenesis Canada Inc. is a client of Stockhouse Publishing.