Penny Stock Picks | December 11

  1. Fintech Select Ltd. (TSX-V:FTEC)

Fintech Select announced on Monday that its SelectCoin cryptocurrency platform has been completed and a beta program will start soon. The company believes this platform offers competitive advantages over bitcoin ATMs and regular online exchanges. The company’s stock has more than doubled for the past three months.

  1. Canada One Mining Corp. (TSX-V:CONE)

Last week, Canada One Mining announced that it is reviewing its business and may enter the blockchain and cryptocurrency sector. Its shares are up 42.9% on Monday.

  1. Radient Technologies Inc. (TSX-V:RTI)

Radient Technologies has signed an agreement to produce cannabis extracts for an Alberta-based pharmaceutical manufacturer that is able to produce pharma-grade cannabis and CBD-based products at scale. Radient’s shares have shot up from $0.50 to $1.82 in just three months.

  1. Pure Technologies Ltd. (TSX:PUR)

Pure Technologies has agreed to a proposed sale to Xylem Inc. in an approximately $509 million deal. This deal represents a 102.7% premium over Pure Technologies’ closing price on December 8. Its stock went up by over 100% on Monday.

  1. Valeura Energy Inc. (TSX:VLE)

Valeura Energy has received positive production test results for its Yamalik-1 exploration well in Turkey. The well produced an average of 800,000 cubic feet per day of natural gas during testing. Valeura’s stock hit a 52-week high of $3.35 on Monday.

Featured Image: fintechselect.com

About the author: In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.