Analysts’ Ideas Of The Week
The Canadian Government Is Endorsing This Lithium Project
On average, companies in our Top Picks list were flat MoM vs -3.8% for the benchmark (TSXV).
The S&P 500 was up 1.2%, amid signals from the Fed of a potential slowdown in rate hikes. That said, we expect equities/metal prices to be under pressure in the coming weeks.
Crypto lender BlockFi filed for bankruptcy today, becoming the sector’s latest casualty.
Ireland is planning to legalize recreational cannabis.
FRC Top Picks
The following table shows last week’s top five performers among our Top Picks, including four junior resource companies, and one hemp company. The top performer White Rock Minerals (ASX: WRM), was up 20%, on higher gold and copper prices. Our prior reports can be viewed here.
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White Rock Minerals Ltd. (WRMCF),E3 Lithium Limited (ETL.V), TAAT Global Alternatives Inc. (TAAT.CN), Rio2 Limited (RIO.V), South Star Battery Metals Corp. (STS.V),E3 Lithium Ltd./TSXV: ETL, Transition Metals Corp./TSXV: XTM,Wealth Minerals Ltd./TSXV: WML,Silver X Mining Corp./TSXV: AGX, Sokoman Minerals Corp./TSXV: SIC,Advance United Holdings Inc./CSE: AUHI,Hot Chili Limited/TSXV: HCH, Rio2 Limited/TSXV: RIO, Voyageur Pharmaceuticals Ltd/TSXV: VM, Azure Minerals Limited/ASX: AZS, Renforth Resources Inc./CSE: RFR.