Part of the raison d’etre of #StockMarketWatch is to fill in the gaps left by the mainstream media.
After recent boardroom bust ups at Remote Monitored Systems (RMS), it appeared that not only has peace broken out, but that the equivalent of a positive sighting of Elvis had been delivered too. This came in the form of reports on social media and pictures there from manufacturer LemuGroup that the much feted anti-viral face mask machine was on its way from Spain to the UK. Presumably, this at least partly explained the 42% rise in RMS shares, along with the anticipation surrounding its Pharm2farm subsidiary regarding when the masks will get to market.
Interestingly enough, shares of former RMS shareholder Braveheart (BRH) shares rose 32%, as investors looked forward to its current investee company Paraytec’s first results on its COVID-19 test. The USP here is that it can trace the virus successfully in both pre-symptomatic and asymptomatic patients. Clearly, minds were focused for stock buyers in the run up to the latest new lockdown news due out after the market close.
Sticking with the biotech space and it was the turn of Tiziana Life Sciences (TILS) to reveal the progress it has made with regard to the completion of its clinical trial with record to nasally administered Formulab, for the treatment of COVID-19 patients in Brazil. Shares of Tiziana rose 11% (more than a quarter in the US) off the back of anecdotal feedback that the treatment was well tolerated, with the market looking forward to topline data from the trial later this month. The big plus here is that the scientific approaches underlying the study could be applicable to all forms of coronavirus.
Given that it was the first full trading session of the year, it might have been expected that there was even more interest than that of late in terms of investors buying into favoured stock situations for 2021. Indeed, several of the ShareTalk stocks for 2021 were on the leaderboard including number 1 contender Helium One (HE1) up 13%, runner up Mode Global (MODE) up 13%. The former was a winner on the continued Gold Rush into the green energy space. The ongoing bull run in cryptocurrencies feed through to both Mode, with its interest generating Bitcoin Jar, and crypto -miner Argo Blockchain (ARGO), up another 27% to new 52 week highs.
Equally hot, with as if in their own mini asset class are the SPACs, represented by Mustang Energy (MUST) up 20% with its oil & gas focus, while Pineapple Power (PNPL) jumped another 18% as investors continue to warm to its manifesto to invest in renewable / clean energy assets
Another relative market newcomer on the rise has been Tirupati Graphite (TGR), which gained further ground versus its listing price to close at 67.5p, up 2.5p. This came off the back of an update from its Vatomina Graphite Project in Madagascar. The company said it was on track to commission Vatomina in Q2 2021 and build production to 6,000 tpa, with demand boosted by the strong market in the electric vehicles market.
A stock which also appeared to be celebrating its inclusion in the ShareTalk Top 20 for 2021 was Tiger Resource (TIR). It managed to jump 50% on the first trading day of 2021 itself, with traders apparently still impressed by the recent appointment of Greatland Gold non-executive Chairman Alex Borrelli to the board, and the still microcap valuation as compared to many of its peers who have roared ahead in recent weeks.
Also in the potential winners sweep for 2021 at ShareTalk was Oracle Power (ORCP), which celebrated with a 9% gain. Here bulls of the stock were anticipating developments at Oracle’s recently acquired Northern Zone Project and the prospect of the latest field based exploration leading to signficant results at an asset which is tantalisingly close to the Kalgoorlie Super Pit.
(The opinions expressed here are those of the author, a columnist for Share Talk.)
Zakmir.com is a purely journalistic website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
Terms of Website Use
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned