Stock Market Watch: #AMC #ARB #BRSD #EUA #MODE #PIRI #RMS #WSBN #XTR #WSBN

This post was written by Zak Mir, a Technical Analyst, Events Host, Presenter, CEO Interviewer and established Market Commentator

 

It would appear that the imminent arrival from Spain of Pharm2farm’s anti-viral mask machine is vying with the Second Coming, in terms of anticipation among investors in Remote Monitored Systems (RMS). This point was backed by a “speeding ticket” RNS for Pharm2farm owner RMS shares, as one would assume that someone short of the stock “sneaked to teacher” in order to attempt to cool off the share price. Nevertheless, the strategy failed, as shares of Remote Monitored still managed to close up 23%, having at one point tripled from last month’s intraday low intraday.

Speaking of stocks multi-bagging, there was no let-up in the crypto plays near vertical climb over recent sessions, led by crypto miner Argo Blockchain (ARB). Its shares put on another 54%, as Bitcoin approached the $40,000 level. Indeed, what was noticeable in this mini sector was the way that investors were trying to broaden their horizons. In particular, Mode Global (MODE) shot up 34%, as the Bitcoin Jar specialist looks to the next way of traders leveraging the boom in the digital assets space. Indeed, the stock was flagged as runner up in the top shares for 2021 on Sharetalk.com, and hence has already delivered for the bulls.

A recent RTO starting to get fresh appreciation was online threat neutralizer Brandshield Systems (BRSD). Here the shares pushed up 9% as the announcement last month of a contract with US pharma giant Bristol Meyers Squibb started to sink in. The deal cemented Brandshield’s already significant footprint in the US, and validated a business model which is scalable both in terms of clients and geographically.

Edtech play Dev Clever (DEV) returned to favour with investors off the back of the fresh lockdown / home schooling decree for the New Year. Bulls pointed to having seen off sellers earlier in the week, and the way that the current market cap of £71m remains well below sector peers such as Kahoot who are valued in the billions. Dev shares rose 11% to 15.3p.

On a strong day for many recent tech winners, there were further gains in tech investor Pires (PIRI), up 18%. The stock has more than doubled since Christmas, off the back of the latest Low6 sports betting investment, an area which is seen as being a key post pandemic winner. The shares have also been helped by recent stakebuilding by the likes of Chris Akers and John Mahtani.

From crypto mining to real mining, and there was a decent bear trap rebound for shares of Russia focused palladium play Eurasia Mining (EUA). Here the shares jumped 13% as investors looked to news regarding the Definitive Feasibility Study, and of course developments regarding the final sale. Perhaps just as much as a catalyst for the rise was the run up to the end of the Russian New Year celebrations next week, after which it would be assumed that any fundamental logjam might be cleared.

Sticking with the mining sector and it was the turn of Australia focused precious metals trading and exploration company Wishbone Gold (WSBN) said that it has contracted a detailed and close spaced high resolution aerial magnetic and radiometric survey on its Red Setter Project, in the Paterson Ranges in Western Australia. Wishbone said the new flight programme is designed to provide a detailed subsurface picture of these magnetic signatures and that it will advise of progress as material information becomes available.

A mining stock which has been rather more enigmatic of late than Wishbone Gold is Russia focused nickel sulphide project developer and Australian asset iron ore investor Amur Minerals (AMC). Here the shares snapped a near two months on the backfoot, with a read across from Tesla’s (TSLA) Elon Musk becoming the richest man in the world and of course nickel’s importance to EV’s. Added to this is the soaring price of industrial metals on vaccine hopes – encompassing the Nathan River Resources project in which Amur is invested and earns an income. The price of iron ore is up some 10% in recent days alone, while shares of Amur jumped 18%.

Copper / gold specialist Xtract Resources (XTR) delivered its first announcement for 2021, with an update from its Australian asset. The company said it has recommenced the Phase One drilling programme at the Racecourse Mineral Resource on the Bushranger project located in the Lachlan Fold Belt, New South Wales.  Last month Xtract said that the drilling programme had been temporarily halted at a depth of 213.1m in mineralisation. However, the drilling will now continue from the current depth in order to define the total depth and continuity of the porphyry.

Disclaimer:

Zakmir.com is a purely journalistic website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

Zak Mir

Zak Mir

About Me

Zak Mir is a Technical Analyst, Events Host, Presenter, CEO Interviewer and established Market Commentator. Zak presents the daily Bulletin Board Heroes which can be seen here at Share Talk

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