Although member ‘avispa’ lost some of his lead today, avispa is still leading in first place with a huge return of 48.09%. That’s more than double the return of new second place member ‘ERICC1948’ (23.81% return), who is just over 2% ahead of third place member ‘Mario Lefebvre’ (21.22% return). It looks like we could be in for quite a competitive month, as members ‘Pacelli’ and ‘Nate6’ (both of whom are previous Top 3 Stock Challenge contenders) have now entered the Top 10…
Brixton Metals Breaks Out As Discovery Gold Breaks Down
Brixton Metals Corporation
Brixton Metals—a pick of second place member ERICC1948—had the biggest stock breakout of the day, rising 26.32% from C$0.28 to C$0.36. The Canadian company, which is focused on the advancement of its gold copper and silver projects, recently announced that it had closed a $7.7M upsized private placement.
Via Brixton Metals,
“Brixton Metals Corporation . . . is pleased to announce that it has upsized and will complete its previously announced private placement on August 9, 2019 of units and flow-through common shares of the Company for gross proceeds of $7,798,656.02 . . .”
Discovery Gold Corporation
Meanwhile, Discovery Gold—one of first place member avispa’s picks—suffered the biggest stock breakdown of the day. Discovery Gold Corp. traded over 8.5 million shares today, falling 24.72% from C$0.89 to C$0.67 despite touching a new 52-week high of C$0.92.
At the beginning of the month, Discovery Gold announced a corporate name change to “GRN Holding Corporation” and that it was adding Jeff Sharkey to its strategic advisory board.
Via Yahoo Finance,
“Dr. Sharkey is a nationally recognized marijuana and hemp government relations consultant based in the State of Florida. He was directly involved in the development of legislation creating the state’s medical marijuana legislation in 2014 and each year’s legislative expansion of the program . . .”