The dividend portfolio closed higher due to the collection of dividends on Friday and would have closed even higher if not for Medical Facilities (DR.to) selling off due to the recent leaving of the CEO. Many analyst have downgraded the stock price, but average target prices are still above $18. I continue to hold my position here, but will not be adding.
I added to my Crius Energy ($KWU.UN) position at $10.13. The stock has been a decent gainer for me of over the past couple of years with steady dividend increases. Readers should take note on June 20th, the subscription receipts will start trading and were issued at a discount to the share price, but will be convertible into one common share once the recent acquisition is closed.
The trading portfolio had a decent weak mainly due to the bounce back in KALY.V and some decent trades in VONE.V.
KALY dropped hard again this week due to one seller from CIBC that wanted out and the seller took the shares all the way down to $.14 cents. The company is a clinical-stage pharmaceutical company developing cannabinoid therapeutics and since listing the share price has been on a steady down hill slide. The company does have $3+ million in cash or cash equivalents, so there is plenty of time for the story to develop, but given the recent weakness it is hard to say if $.14 was the bottom or not. I doubled by position at $.14 and sold it at $.17 to reduce my risk, but still hold 150K shares and see a move back above $.20 unless another large seller shows up.
Vanadium One Energy Corp (VONE.V) seems to be riding the recent interest in the Vanadium sector as well as bouncing hard off a recent low. VONE recently announced it will be starting a work program on its Mont Sorcier vanadium project. The float is reported as being under 20 million shares OS, which is something I like to look for. I successfully traded this stock multiple times last week and went into the weekend holding 20K shares at $.13 cents.
I added to my Crius Energy ($KWU.UN) position at $10.13. The stock has been a decent gainer for me of over the past couple of years with steady dividend increases. Readers should take note on June 20th, the subscription receipts will start trading and were issued at a discount to the share price, but will be convertible into one common share once the recent acquisition is closed.
The trading portfolio had a decent weak mainly due to the bounce back in KALY.V and some decent trades in VONE.V.
KALY dropped hard again this week due to one seller from CIBC that wanted out and the seller took the shares all the way down to $.14 cents. The company is a clinical-stage pharmaceutical company developing cannabinoid therapeutics and since listing the share price has been on a steady down hill slide. The company does have $3+ million in cash or cash equivalents, so there is plenty of time for the story to develop, but given the recent weakness it is hard to say if $.14 was the bottom or not. I doubled by position at $.14 and sold it at $.17 to reduce my risk, but still hold 150K shares and see a move back above $.20 unless another large seller shows up.
Vanadium One Energy Corp (VONE.V) seems to be riding the recent interest in the Vanadium sector as well as bouncing hard off a recent low. VONE recently announced it will be starting a work program on its Mont Sorcier vanadium project. The float is reported as being under 20 million shares OS, which is something I like to look for. I successfully traded this stock multiple times last week and went into the weekend holding 20K shares at $.13 cents.
I use the Venture Exchange to time when to go long on penny stocks.
ReplyDeleteGood stuff, man!
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