Penny Stock Picks | October 30

  1. Aurora Cannabis Inc. (TSX:$ACB)

With the receipt of its cultivation license for the Aurora Vie production facility in Quebec, Aurora Cannabis’s shares went up by 5.3% at market close on Monday. The company also intends to apply for the necessary permits to supply the rapidly growing German medical cannabis market, as well as additional future European markets.

  1. Precision Drilling Corp. (TSX:$PD)

The company recently released its Q3 results, reporting an improved net loss of $26.3 million. The improvement was attributed to the enhanced automation of the company’s drill rigs, which was one of its priorities for this year. Precision’s shares jumped by 13.8% to $3.71 on Monday.

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

New Nadina saw an enormous 286% jump in its share price following its press release last week that the company has found sulfides from its Silver Queen property in B.C. The company will continue to drill additional targets and report its findings accordingly.

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

Last week, Hive Blockchain announced a $30 million bought deal financing that will be used by the company for the construction of its cryptocurrency data mining center in Sweden. The company is one of the early entrants to the blockchain industry and is the only publicly listed cryptocurrency miner. It also has a partnership with and is backed by Genesis Mining, one of the world’s leading cloud mining companies. Its stock went up by 12.1% on Monday.


  1. Jaxon Mining Inc. (TSX-V:$JAX)

The company will begin a 2,000-meter diamond drilling program this week at its Hazelton project in the famed Skeena Arch of northwestern British Columbia. Recent surveys on the property show that the identified anomalies are related to the sulfide-rich material. In light of the drilling news, the company’s share price rose by 23.3%.

Feature Image: auroraj.com

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