The Canadian stocks on our list have seen significant buying interest over the past few trading sessions
SmallCapPower | April 2, 2020: COVID-19 has led to a bear market for global equities but there have been some stocks that have performed well during the recent days and even weeks. Today we have sifted through and found three small Canadian stocks that have seen significant buying interest over the past few trading sessions.
*Returns are based on closing stock prices as of April 1, 2020
Goldmoney Inc. (TSX:XAU) – $2.90
Goldmoney is a precious metal focused investment company engaged in precious metal investment, custody and storage, jewelry, coin retailing, and lending. The Company manages and oversees in excess of $2.0 billion in assets for clients around the world. On February 14, 2020, Goldmoney reported third-quarter revenue of $108.1 million, a 29% year-over-year increase. Historic levels of global money printing in response to COVID-19 should continue to benefit precious metals prices. In fact, early indications are that demand for physical gold and silver have exploded in recent days, which should provide a revenue boost for companies such as Goldmoney. XAU stock is presently trading at a 52-week high.
Tinkerine Studios Ltd. (TSXV:TTD) – $0.18
Tinkerine Studios is a provider of 3D printing products and educational resources. On March 26, 2020, the Company announced that it has utilized its 3D printing technology to provide Tinkerine face shields to more than 50 medical professionals, municipalities, and healthcare facilities for evaluation. Since then, Tinkerine Studios said it has received inquiries for over 35,000 face shields and the Company is retooling to increase supply of face shields available to more than 20,000 per week. TTD stock is currently trading at a 52-week high.
Lion One Metals Limited (TSXV:LIO) – $1.10
Lion One Metals has a flagship asset in its 100%-owned, fully-permitted Tuvatu Alkaline Gold Project located on the island of Viti Levu in Fiji. Recent drill results included 3.60 metres of 13.12 g/t gold. The Company currently has about $17 million in cash and a nearly one million ounce gold resource at more than 9 grams per tonne.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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