Although he may have lost a considerable amount of his lead, member ‘avispa’ continues to fend off Top 3 competitors this month with a return of 33.10%! Meanwhile, members ‘SUZ’ and ‘mxyxptlk’ have broken yesterday’s stalemate for third place, with SUZ (27.98% return) squeezing past mxyxptlk (27.86% return) to take second place.
Millenial Esports Corp. Breaks Out While Oncolytics Biotech Inc. Breaks Down
Millenial Esports was Stock Challenge’s biggest stock breakout today, having traded roughly 98,000 shares to rise from C$0.53 to C$0.65. The company announced last week that the launch of its world’s fastest gamer mobile esport’s competition was a “massive success”.
Via PR Newswire,
“By forming a partnership between two of its market-leading esports assets – World’s Fastest Gamer and Gear.Club – Millennial Esports achieved a 280 per cent increase in players using the app daily in recent weeks after a 400 per cent increase in downloads in the same period.”
Oncolytics Biotech fell 36.13% to a new 52-week low of C$0.76, making it today’s biggest Stock Challenge breakdown. The slide in Oncolytics Biotech’s share price came after the company announced pricing details for its previously announced underwritten public offering.
Via Oncolytics Biotech,
“Oncolytics Biotech® . . . today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 4,619,773 common shares and warrants to purchase up to 4,619,773 common shares at a combined public offering price of $0.81 per share and warrant, resulting in gross proceeds of approximately USD 3.7M. Each warrant has an exercise price of $0.90 per common share, is exercisable immediately and will expire 5 years from the date of issuance.”
Sign Up Early For The September 2019 Stock Challenge
Make sure you reserve your symbols for the September 2019 Stock Challenge ASAP—not only does it ensure that you don’t miss next month’s challenge, but it awards you with extra score points and an Early Bird Badge!