The Final Trading Day of July 2019 Stock Challenge Approaches
With just one trading day left in this month’s Stock Challenge, member ‘Brian Crich’ has swung into first place with an average total return of 76.43%! Following behind Brian Crich is second place member ‘bob4001’ (59.31% return) and third place member ‘turtle_named_Mack’ (50.89% return). While first place may be difficult to wrestle from Brian Crich—especially if he’s able to hold onto his current return—fourth place member ‘Kozybaby’ (41.18% return) and fifth place member ‘Melvin J Loveless’ (39.54% return) have a real chance of cracking into the Top 3.
Regardless of how this month’s competition turns out, you should all be proud of how well you’ve performed!
Northern Dynasty Minerals Breaks Out While GTEC Holdings Breaks Down
Northern Dynasty Minerals Ltd. took home today’s biggest stock breakout today, rising 64.38% from C$0.73 to C$1.20 after news that the U.S. Environmental Protection Agency had withdrawn its proposed determination.
Via BNN Bloomberg,
“The Environmental Protection Agency is scrapping proposed restrictions on mining operations in Alaska’s Bristol Bay, dealing a victory to Northern Dynasty Minerals Ltd., which is hoping to tap a US$100 billion gold deposit in the region.
The move does not guarantee the U.S. government will issue a permit for the company’s planned Pebble Mine. But the decision removes a major barrier to the project, which has been thwarted by Obama-era water pollution limitations proposed in 2014 but never finalized.”
“Today’s announcement means the Environmental Impact Statement (“EIS”) and permitting process for the Pebble Project currently being led by the US Army Corps of Engineers (the “Corps”) may advance to a final Record of Decision in 2020 without the cloud of uncertainty created by EPA’s unprecedented, pre-emptive regulatory action,” said Northern Dynasty President & CEO Ron Thiessen . . .
GTEC Holdings Ltd., a vertically integrated ultra-premium cannabis producer, suffered the biggest stock breakdown of the day. The company fell 10% from C$0.40 to C$0.36, hitting a new 52-week low in the process. GTEC Holdings recently announced its financial results for the second quarter, period ended May 31, 2019, which noted a net operating loss of $1.5 million and net loss of $2.3 million.
Even with one trading day left, the winners of this month’s Stock Challenge aren’t guaranteed. As any seasoned competitor knows, anything can happen in the final moments of Stock Challenge…