Penny Stock Picks | November 2

  1. Hive Blockchain Technologies Ltd. (TSX-V:$HIVE)

Hive Blockchain once again climbed to a new high, now trading at $5.37. This stock has gone from $0.96 to the current price in just six weeks. The momentum could still continue as investors are paying a lot of attention to the company, as it is one of the early entrants to the blockchain technology industry.

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

Fintech Select, another cryptocurrency-related company, saw its stock go up by 14.3% on Thursday. The company recently completed API integration for cryptocurrency capability for its existing point-of-sale (POS) infrastructure, initiating the development of a national cryptocurrency POS network.

  1. Tidewater Midstream and Infrastructure Ltd. (TSX-V:$TWM)

Following yesterday’s announcement that the company has sanctioned the 100 mmcf/d Montney gas plant, Tidewater Midstream shares went up by 5% on Thursday. The company is confident the project will result in natural gas liquids premiums and improved netbacks for producers.

  1. Reliq Health Technologies Inc. (TSX-V:$RHT)

Reliq Health has closed an oversubscribed $5 million financing, to be used for product development and customer acquisition. Its stock has gone up by 11.3% as a result of this financing.

  1. Providence Gold Mines Inc. (TSX-V:$PHD)

The company released impressive sampling results yesterday from its Providence mine in California, including 1.8 metres of 16.33 g/t gold, demonstrating the presence of high-grade gold mineralization at the property. The stock went up by 42.9% on Thursday.

Featured image: Facebook

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.