Stock Challengers, we have officially crossed the halfway point for this month’s Stock Challenge! And with numerous players tripling their returns since the start of the month, things are beginning to heat up.
Today, member ‘lindi’ narrowly overtook first place with a return of 131.72%, pushing ‘SOBARS’ (131.29% return) into second place. Meanwhile, member ‘SoloFF’ (120.33% return) maintained their position in third.
Despite picking completely different stocks, Lindi and SOBARS are in virtual deadlock with only a fraction of a percentage separating them. Will we see another head-to-head battle like we did in December 2019 between members ‘Robert Kellerman’ and ‘Micronta’? We’ll have to wait until next week to find out…
Nass Valley Gateway Breaks Out While BioCardia Breaks Down
Nass Valley Gateway
Nass Valley Gateway, a CBD product company, had the biggest breakout today after rising 20% from C$0.18 to C$0.21. The company last announced in mid-October that it was entering the pet CBD market.
Nass Valley Gateway CFO and Director Michael Semler stated, “We are excited about the Nass Valley Gardens branded pet product line as a revenue driver for 2021 being that the majority of households we sell into are already pet-owners. The pet line clearly complements our existing human CBD product portfolio and we are confident that working with Tiburon will expand our brand awareness while increasing traffic to our product website. . .”
BioCardia, a company that is developing regenerative biologic therapies to treat cardiovascular and respiratory disease, had the biggest breakdown today after falling 16.63% from US$4.27 to US$3.56. Just a few days ago, the company announced a $10.5 million registered direct offering.
“BioCardia. . . today announced it has entered into definitive agreements with investors for the purchase and sale of 2,038,836 shares of its common stock at a purchase price of $5.15 per share in a registered direct offering priced at-the-market under Nasdaq rules.”
The End of the December 2020 Stock Challenge Draws Closer
With little over a week left in this month’s Stock Challenge, every day counts. The battle for the gold coin appears to be gearing up for an explosive finish!