The June 2019 Stock Challenge continues to hinge on the performance of Beyond Meat.
Aided by Beyond Meat, member ‘Georgette Cooper‘ leads the pack while members ‘Rynlds3‘ and ‘SwissMiss‘ trail closely behind. Although Rynlds3 enjoys a healthy 2.79% lead over next-in-line SwissMiss, SwissMiss’ stay in the Top 3 could be a short one, seeing as how they only managed to overtake ‘powBYpoet‘ by a mere 0.58%…
Beyond Meat Impresses Market With New Ground Beef Product
Beyond Meat Inc. (NASDAQ: BYND) continues to maintain its upward trajectory, having recently announced that it would be introducing a plant-based alternative for ground beef. Beyond Meat’s faux ground beef is expected to start hitting shelves as soon as June 24, 2019.
Via Big Think,
“Beyond Meat says its new product is ‘versatile enough to use in any ground beef recipe,’ and that it will tenderize and marbelize just like real meat. Last week, the company debuted a new burger patty that contains cocoa butter and coconut oil, which create a marbling effect when cooked.”
Exploration Program Begins At Transition Metals’ Janice Lake
Thanks to Transition Metals Corp (TSXV: XTM), Rynlds3 continues to hold onto second place. Transition Metals is up 11.11% for the month so far, making it a strong pick in addition to Beyond Meat.
The company recently announced that operator Rio Tinto Exploration Canada Inc. would be commencing a $3 million exploration program at the company’s Janice Lake sedimentary hosted copper project this July.
Via Transition Metals Corp,
Commenting on the planned program, Company CEO and President Scott McLean, P.Geo. stated “Transition has long recognized the potential of the emerging Wollaston Basion Copper District which is exemplified by results from the Janice Lake project and the significant investment RTEC will be making in the project. RTEC has nearly doubled the size of the property since executing the agreement with Forum, which has greatly expanded the extent of our royalty coverage.”
June 19, 2019 Stock Breakouts and Breakdowns
After taking home the biggest breakdown of the day just two days ago, New Jersey-based specialty generic pharmaceutical company Teligent, Inc. (NASDAQ: TLGT) rebounded with the biggest breakout of the day, gaining 27.36% to rise from 0.49 to 0.62. Yesterday, the company announced that it would be presenting at the Raymond James Life Sciences and MedTech Conference on June 19th 2019.
But of course, not everyone had a good day in the markets.
Despite receiving positive feedback from the European Medicines Agency regarding the design of its Phase 3 Prostate Cancer Clinical Trial, Sophiris Bio Inc. (NASDAQ: SPHS) suffered one of the biggest breakdowns of the day, falling 10.42% from 0.96 to 0.86.
Make sure you’ve signed up for next month’s Stock Challenge—you could win real silver and limited edition Pinnacle Digest apparel!