Sean Mason | November 18, 2015 | SmallCapPower
Let’s face it – there are reasons to feel gloomy about TSX Venture listed stocks these days. After all, the index is at multi-year lows and it could get worse given that we’re entering into tax-loss selling season. Yet, all is not lost. There are actually TSXV companies with enviable stock-price performances this year, and these include the names on our list.
Yet, all is not lost. There are actually TSXV companies with enviable stock-price performances this year. Here’s just a few worth mentioning:
Moseda Technologies Inc. (TSXV: MSD): Up 300% since July 28, 2015, to its current price of $0.28
Moseda, which went public in March of this year, provides software applications for mobile healthcare, specifically for institutional and home healthcare. For patients, this would mean access to comprehensive health information, allowing them to make educated decisions. For the providers, this could result in lower costs and better patient outcomes.
Moseda has scheduled pilot projects with home care and long-term care providers for the final quarter of this year as well as the first half of 2016, and the Company will record its first sales in Q4 of 2015. In 2017 and beyond, Moseda expects to be generating revenue from subscriptions, video consultations, hardware sales, and data collection. Recent catalysts for the Company’s stock price include an announced distribution agreement with a top 10, multi-national pharma and diagnostics company, as well as a C$350,000 purchase order from a healthcare client for software and hardware.
Viscount Mining Corp. (TSXV: VML): Up 194% since July 27, 2015, to its current price of $0.50.
Viscount Mining has a portfolio of gold and silver properties in the western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is 100% owned by Viscount and includes more than 20 past producing mines.
Viscount entered into an exploration earn-in agreement with Sumitomo Corporation of Japan, in which Sumitomo can earn in up to a 75% interest in the Cherry Creek property by producing a feasibility study and by spending in a minimum of US$10 million in exploration and development expenses within eight years. In mid-October, Viscount Mining said a 10 to 12-hole drill program totaling 3,050 metres had begun at Cherry Creek, and early indications suggest alteration and mineralization characteristics of Carlin-type gold deposits.
IOU Financial Inc. (TSXV: IOU): Up 50% since August 25, 2015, to its recent price of $0.57.
IOU Financial is an Internet-based alternative lender to small businesses in the United States, providing loans of up to $150,000 to qualified applicants usually within 24-48 hours, based on a company’s day-to-day cash flow and for a period of 6, 9, or 12 months. A recent catalyst for the Company’s share price came when IOU reported second-quarter revenue that surged 93% to $2.9 million.
Garibaldi Resources Corp. (TSX.V: GGI): Up 220% since August 10, 2015, to its current price of $0.16.
Despite a woeful environment for junior resource stocks, Garibaldi Resources has managed to buck the trend by employing a ‘prospect generator’ type model,in that it is developing multiple projects in both Mexico and Canada. Speculators seem most excited recently, though, about the Company’s large-scale Grizzly Project along the Sheslay Corridor in northwest British Columbia, where Garibaldi is targeting a new district gold-copper discovery. The Sheslay district is home to two porphyry deposits, including Doubleview Capital’s Hat discovery just 10 km east of where Garibaldi is drilling.
Grande West Transportation Group Inc. (TSXV: BUS): Up 252% since February 11, 2015, to its recent price of $0.74.
Grande West Transportation Group designs, engineers, and manufactures ‘mid-size’ Vicinity buses. Mid-size buses seem to be a more cost-effective option for providers as compared with the traditional versions. The Company’s stock price has been propelled by contract wins that include 10 Vicinity buses for Calgary Transit, in addition to 50 Vicinity buses for Alliance Bus Group in the United States (valued at more than C$16 million).
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