Penny Stock Picks | November 1

  1. Hive Blockchain Technologies Ltd. (TSX-V:$HIVE)

Hive Blockchain continued its gains from earlier this week, now trading at $4.48, which is 40% higher than its price a week ago. The company is benefitting from the increasing attention investors are paying to the blockchain sector, as well as its partnership with Genesis Mining in building a data mining center.

  1. Patriot One Technologies Inc. (TSX-V:$PAT)

Yesterday, Patriot One closed an $11.52 million bought deal financing for its proposed international expansion and to accelerate its technology deployment. The company’s stock went up by 8.8% on Wednesday in light of this news.

  1. New Nadina Explorations Ltd. (TSX-V:$NNA)

New Nadina’s share price continued to increase in double digits on Wednesday, up 30.4% to $1.50 a share. The burst in its stock price is likely a result of last Friday’s announcement that the company has found sulfides at its Silver Queen property. The stock has the potential to grow further as more developments are made on the project.

  1. Backstageplay Inc. (TSX-V:$BP.H)

On Wednesday, Backstageplay completed an agreement with a leading entertainment law firm in California to provide legal and consulting services to the company, as well as to promote the company’s platform and software. The company’s shares jumped by 27.3% at market close.

  1. ICC International Cannabis Corp. (TSX-V:$ICC)

The company has just arranged a $20 million bought deal offering to fund an expansion of its hemp extraction and processing facility. Although the stock saw a moderate dip on Wednesday, this financing, as well as the gains seen in other companies in the cannabis space in recent weeks, makes ICC a good cannabis stock to own.

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