Penny Stock Picks | October 20

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    1. Titan Medical Inc (TSX:$TMD)

    The company successfully closed a $2.87 million financing on Friday, which saw its shares surge by over 35% to $0.44 per share. The stock more than doubled in just one month, and today’s move shows that it is not slowing down anytime soon.

    Last month, Titan Medical completed the world’s first gynecologic, colorectal and urologic single-port robotic procedures using its advanced prototype Sport surgical system at a Florida hospital.

     

    1. Columbus Gold Corp (TSX:$CGT)

    The company’s shares went up 7.7% to $0.70 at market close on Friday, its highest close since mid-September.

    Last month, Columbus Gold announced its plans to spin out its 14 drill-ready mineral properties in the U.S. Also, it recently entered a formal joint venture agreement on its Montagne d’Or gold deposit in French Guiana.

     

    1. Sherritt International Corp (TSX:$S)

    Sherritt’s shares continued its upward trend on Friday, up 8.15% at market close. The company’s stock first began to rebound in August, and all short-term and long-term moving average indicators are signaling that it’s still on an upswing. The company will release its Q3 results on next Tuesday.

     

    1. DHX Media Ltd (TSX:$DHX)

    Last week, DHX Media entered a content deal for 13 of its children’s shows with Amazon Prime, marking the largest deal between the two companies to date, covering more than 200 countries and territories and 15 languages.

    However, its shares remained on a downward trend, as the company put itself up for sale earlier this month following disappointing results. If a deal to sell the company does transpire, its stock could see a short-term boost.

     

    1. Nemaska Lithium Inc (TSX:$NMX)

    Although the company’s stock dipped modestly by 2.42% on Friday, it has been on the up for the past three months. For the long run, its shares will likely continue to rise and trade above its moving averages.

    Last week, the company began processing spodumene concentrate from its Whabouchi mine. The aim for Nemaska is to become a supplier to the lithium battery market by developing one of the most important spodumene lithium hard rock deposits in the world in Quebec, both in volume and grade.

    Featured Image: Depositphotos/© aremafoto

    Author Jackson Chen
    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.