The TSX stocks on our list have seen their stock prices rally at least 10% over the past week
SmallCapPower | August 30, 2021: Today we have unearthed four TSX stocks that have experienced increased price and volume momentum, with a seven-day, stock-price return greater than 10%. Price and volume momentum are a good indicator of bullishness, as increased share prices on strong volumes show increased investor interest in a stock.
*Share price data and other metrics as of August 27, 2021
Hut 8 Mining Corp. (TSX:HUT) – $9.74
Cryptocurrencies
Hut 8 Mining is a Canada-based cryptocurrency miner. Hut 8 wants to become the biggest cryptocurrency miner, by using its BlockBox AC manufactured in partnership with Bitfury to mine Bitcoins using conventional datacenter infrastructure. Hut 8 currently operates a total of 73 BlockBox Data Centers, including 56 BlockBoxes at its facility in CMH, Alberta, with each BlockBox having 1.2 MW of capacity, representing an aggregate of 67.2 MW of maximum operating power capacity. Hut 8 has a total maximum operating power capacity of 85.9 MW and an average actual operating hash rate of over 640 Petahashes per second. In addition, Hut 8 is working with Luxor Mining and its proprietary technology developed to maximize returns for miners by utilizing a profit-switching algorithm to maximize earnings by switching between blockchains and venues to maximize hashrate rewards and best-price execution on the Ethereum network.
- Market Cap: $1,398.5M
- YTD-Return: +179.1%
- 7-Day Share Price Return: +15.4%
- 30-Day Return: +71.5%
- 7-Day Average Trading Volume: 2,264,450
- 7-Day Average Trading Volume: 2,264,450
BlackBerry Limited (TSX:BB) – $14.23
Technology – Software Security
BlackBerry provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy; and endpoint security management, encryption, and embedded systems. It offers BlackBerry Spark software platform that includes a suite of security software products and services comprising BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions; and BlackBerry Spark SDK to promote the evolution of a platform ecosystem by enabling enterprise and independent software vendor developers to integrate the security features of BlackBerry Spark into their own mobile and web applications. The Company also provides BlackBerry Internet of Things (IoT) solutions, including BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry Jarvis, BlackBerry AtHoc, BlackBerry Alert, SecuSUITE, and other IoT applications. As of February 28, 2021, the Company owned approximately 38,000 worldwide patents and applications.
- Market Cap: $8,842.7M
- YTD-Return: +68.6%
- 7-Day Share Price Return: +15.1%
- 30-Day Return: +5.7%
- 7-Day Average Trading Volume: 3,886,390
- 30-Day Average Trading Volume: 2,557,970
Quarterhill Inc. (TSX:QTRH) – $2.78
Technology – Communications Equipment
Quarterhill is focused on the disciplined acquisition, management, and growth of companies in dedicated technology areas, including vertical market software & solutions, intelligent industrial systems, and innovation & licensing. Quarterhill puts an emphasis on seeking out acquisition opportunities at reasonable valuations that provide a foundation for recurring revenues, predictable cash flows, profitable growth, and dedicated management teams.
- Market Cap: $317.0M
- YTD-Return: +8.6%
- 7-Day Share Price Return: +14.4%
- 30-Day Return: +19.8%
- 30-Day Average Trading Volume: 216,700
- 120-Day Average Trading Volume: 125,890
Maxar Technologies Inc. (TSX:MAXR) – $39.63
Aerospace and Defence
Maxar Technologies provides space technology solutions for commercial and government customers worldwide. The Company’s three segments include: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground-based infrastructure, along with information solutions. These products include satellites, antenna subsystems, surveillance solutions, and robotic systems. This segment also offers spacecraft and subsystems to the U.S. and Canadian government, and other customers for research and development missions. The imagery segment focuses on Earth imagery and radar data solutions for the U.S., Canadian, and other international government agencies. The Services segment provides geospatial information, applications, and analytic services for the U.S. government and commercial customers.
- Market Cap: $2,877.1M
- YTD-Return: -19.5%
- 7-Day Share Price Return: +11.7%
- 30-Day Return: -9.3%
- 30-Day Average Trading Volume: 155,060
- 120-Day Average Trading Volume: 146,520
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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