Analysts’ Ideas Of The Week
- Companies in our Top Picks list were down 0.9% on average last month vs -3.8% for the benchmark (TSXV).
- The S&P 500 rallied today, ahead of the Fed’s upcoming meeting on Wednesday.
- Although equity markets were down, metal prices were up 4.4% on average last week, as the US$ retreated.
- Last month, investors withdrew US$1.5B worth of Bitcoin (up 21% MoM) from large exchanges, marking the largest ever outflow in a single month (Source: CryptoCompare).
- Health Canada has increased cannabis beverage purchase/possession limits.
FRC Top Picks
The following table shows last week’s top five performers among our Top Picks, including five junior resource companies. The top performer Rio2 Limited (TSXV: RIO), was up 17.6%. RIO is advancing a large gold project in Chile to production. Our prior reports can be viewed here.
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