Member ‘Dave Melenchuk’ held onto first place with a return of 63.16% in the second week of the September 2019 Stock Challenge, narrowly outperforming second-place member ‘niceindy’ who achieved a return of 62.96%. Meanwhile, the previous Stock Challenge Champion ‘avispa’ is now in third place with a return of 40.50%.
Scottie Resources Corp. Breaks Out While China Networks International Holdings Ltd. Breaks Down
Scottie Resources had the biggest breakout of the day, having risen 40.00% from $0.15 to $0.21. The breakout occurred just two days after the company announced a non-brokered private placement.
Via Scottie Resources,
“Scottie Resources . . . announced today a non-brokered private placement of flow-through common shares (the “FT Shares”) and non-flow-through units (the “NFT Units”) for gross proceeds of up to $1,750,000 . . .”
China Networks International Holdings took home the biggest breakdown of the day after falling 40.74% from $0.81 to $0.48. The breakdown happened just days after the company hit a new 52-week high of $0.70.
The Third Week Of Stock Challenge Begins Soon!
With Osino Resources Corp. in the portfolios of both Dave Melenchuk and niceindy, it looks like the Top 3 will continue to be a close race… that said, anything can happen in Stock Challenge—so be sure to keep an eye on the leaderboards next week!
