Canadian Penny Stocks Blog

Nice day on the TSX with more green to start off March and the new week all at once.  Today’s focus will be on the volume makers of the Toronto Venture Exchange.  Volume doesn’t always mean big moves in prices, but it can mean that there is a lot of interest in the stock so [...]

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 [...]

Hello everyone and welcome to a profitable week in the world of penny stocks and the overall stock market. As was suggested by the previous post, we were testing the support levels of a longer term channel in the TSX. In most cases the support and resistance levels will be confirmed and the [...]

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 [...]

The Canadian Penny Stocks blog is going on hiatus for a couple of days. But that shouldn’t mean that you should stop making money on the stock market. In fact, if you’re playing the penny stock investing game, chances are that you are investing for the long term. There aren’t too many [...]

A great day for pushing forward in the overall stock market.  This is a late night post but here are a few stock ideas for tomorrow:
ML.TO – $2.70
CMM.V – $0.425
Both stocks have had a great day but it’s good.  Century Mining Corp should be a company to follow this year.
Century Mining Corporation is a Canada-based [...]

Are you ready for the first trading day of 2010?  It will no doubt be a challenging year and we shouldn’t expect to see another 30%-40% rise in the overall index like we did off of March lows in 2009.  The real question is if we start the year up or down.
The Upside
With such a [...]

Another strong day on the stock market however it’s interesting to note, and I’ve posted the question on Twitter that with talks of Bernanke winding down the stimulus programs, it shows the strength of the US economy which will drive the strength in the US Dollar.  However, the US economy will likely be affected by [...]