And with that, the July 2020 Stock Challenge has come to a close!
Congratulations to our newest Stock Challenge Champion, member ‘Rainendown’. Rainendown took home first place this month with a record-breaking return of 356.13%, catapulting him to the top of the All-time Stock Challenge Champs leaderboard. While it’s clear he blew most of this Stock Challenge’s contestants out of the water, many of them didn’t go down without a fight… member ‘heyjude’ finished in second with a return of 250.48% while member ‘Andrea Mannell’ finished in third with a return of 182.37%!
Overall, it was one heck of a contest. Everyone in the top 14 managed to finish with triple-digit returns — something we haven’t ever seen in Stock Challenge. We can only hope that August’s Stock Challenge is just as exciting.
Victors, your prize packages (which include increasingly valuable silver bullion and/or exclusive Pinnacle Digest swag) will be shipped out soon! Now for the moment you’ve all been waiting for: the post-game…
Champion’s Corner: Sona Nanotech
Rainendown crushed this month’s competition by doubling down on Sona Nanotech, a nanotechnology life sciences firm that has developed multiple proprietary methods for the manufacture of various types of gold nanoparticles. Sona Nanotech skyrocketed an incredible 361.66% from C$3.13 to C$14.45 for the month of July, kicking off its rise early in the month after announcing validation results for its COVID-19 antigen test.
Darren Rowles, CEO of Sona Nanotech, commented, “These excellent performance results are underpinned by our unique nanorod technology and completes a further milestone achieved for Sona along our path to bring a quality rapid test to market at scale. This will allow expansion of testing by governments, help ease the burden on healthcare systems, keep healthcare workers safe by allowing them to know their status on a daily basis and assist in softening restrictions by providing a quick and simple means to screen individuals. Our team have worked tirelessly to bring this product to this point in a record time and my thanks goes out to all involved in progressing the test this far.”
Sona Nanotech was one of this Stock Challenge’s most popular stocks, having been picked 8 times this contest. Unsurprisingly, everyone in the Top 5 had Sona Nanotech in their portfolio.
Congratulations again, Rainendown. Your faith in Sona Nanotech (as evidenced by your choice to double down on its Canadian and U.S. ticker symbols) certainly paid off!
Stock Challenge Index Rips It in July 2020
This month saw one of Stock Challenge’s best performances to date. The Stock Challenge Index (SCI) reached a high of 22.76% on July 27, closing lower at 17.51% by the end of the contest. We wouldn’t be surprised to see another strong performance out of the SCI next month, given the causal relationship between the SCI and the TSX Venture’s rise.
Every exchange featured in this month’s contest (based on the stocks selected from these exchanges) was in the green. The TSX Venture — once again this month’s most heavily weighted exchange — led the pack with an average return of 21.53%.
The August 2020 Stock Challenge Arrives!
Well folks, it could be a while before we see another Stock Challenge like that again. That said, we have high hopes for August’s Stock Challenge, seeing as how gold is flirting with a breakout into the US$2,000s!
Best of luck in August’s Stock Challenge, everyone…