Canadian Penny Stocks Blog

It looks as though the Bank of Canada has decided to stand firm with interest rates at 0.25% but that rate hikes are likely to occur in June.  It’s one of those good news bad news type situations, but it’s really in the economies best interest to see these rates rise and stimulus slowly removed [...]

On the last post here on the blog, the suggested stock to watch was Norwood Resources NRS.V.  As expected the sell off occurred and the stock is sitting around $0.06 which is far off of the close of $0.095.  It would never be in the nature of this blog to say buy this stock, but [...]

Mostly a negative day on the TSX and it did end up in negative territory. The interesting thing is oil. It looks to me like it will be hitting a short term low and should see a little boune back. That’s a good thing for the penny stock picks. The picks from [...]

The big news coming out Wednesday will be with Apple. Not much in the way of a penny stock investment but it will be a great gadget and likely make it on to my must have gadget of the year, so I’m looking forward to the announcement. In other, non-penny stock related news, [...]

It’s been quite a busy time over at the Canadian Penny Stocks blog. Researching some stock ideas and studying up on some investing techniques that will hopefully profit the writer (and readers) of this blog. For now, here are two companies that you might want to look at:
First Gold Exploration Inc. EFG.V – [...]

A seriously rough day again on the stock market. Gold was below that technical 1100 for most of the day however was able to close above 1100 to maintain the daily support level. That’s good news for gold but I’m not entirely convinced that the negative market sentiment is done yet. After [...]

So another downer day on the TSX with gold and oil going in the same direction. It will be interesting to watch gold tomorrow as the technical support level at $1100 may be tested and the next level is another $50 lower. Not good news for the index and it’s looking like it’s [...]

That’s right.  Although just the other day the Canadian Penny Stocks blog mentioned ELR.TO that is now up 228% since initially featured, we now have another 200% penny stock gainer.  Stem Cell Therapeutics announces great news and is now standing at 233% gain since initially featured on the blog.  Here’s a post entirely on Stem [...]

We are on board for another week of trading. Last week wasn’t all that great for the overall index slipping several hundred points. From a technical perspective it seems as though the TSX will hold strong above 11000 for now. The earnings reports out this week will either solidify that sentiment or [...]

Have you heard anything about Google and China. Really interesting thing happening there with Google potentially pulling out of China or stopping the filtering of results they currently do. “In a surprising move that could affect its presence in a coveted, fast-growing international market, Google Inc. said Tuesday that it’s considering pulling out of [...]