This week, our analysts introduced a Reddit sentiment tracker to potentially identify mover for this week. Our analysts have also started tracking the psychedelic industry’s performance, following launch of Horizons Psychedelic Stock Index ETF on January 27, 2021.
Among our top picks, E3 Metals (TSXV: ETMC) was the best performer, on the back of a $7M bought deal financing, and the opening of a direct lithium extraction development and testing facility.
Global equity markets rallied in the past week due to continued decline in new cases of COVID-19 in most of the hardest nations, vaccine rollout, and expectations of Biden’s next stimulus package. Valuations of gold and base metals producers were up 2% and 3%, respectively, in the past week.
We continue to expect an economic recovery in H2-2021. Recent economic data from the U.S. and China suggest that both economies are in recovery-mode.
