Market Herald logo


Be the first with the news that moves the market

Stock reports have resembled an out-of-control traffic light on a race track this week; one day it’s all green, the next, a line of red.

It can be hard to know when to make a move when every day looks crazier than the last. Traders don’t not know what to expect coming in tomorrow’s news cycle … but you can bet the markets are going to be volatile day-to-day.

This has been the case in market activity throughout the autumn season so far, from yearly highs and lows to unrest in Burkina Faso disrupting mining operations for public companies, the month of October doesn’t seem to be letting up with its surprises any time soon.

That means market intensity makes for intense discussions on the Bullboards, where numerous sectors have seen new companies appear and returning businesses continue to generate a lot of discussion.

Small-cap investors are always on the lookout for the most current and hottest plays to capitalize on these uncertain times in the markets, while other plays which have a longer-term on gains, see less interest than they may have had in years’ past. Who came out on top this week? Who is new to the conversation? Who is ready to take their gains even further? Let’s take a dive in and find out.

Trillion Energy (CSE:TCF, Forum)  is fully funded to execute an initial seven-well development program and an additional 10 wells.

The company is midway through drilling its first new well in the multi-well development at the South Akcakoca Sub-Basin Gas Field (SASB) in the Black Sea, offshore Turkiye (formerly Turkey).

This operation is expected to supply new natural gas to the region, as multiple sources of gas on which Europe has previously depended on are going go offline, such as the Nord Stream I & II pipelines, which are now non-operational following explosions last week. Last week Russia cut gas supplies to Italy, reduced Moldova’s gas supply by 30 per cent and announced the closure of the pipeline going through Ukraine to Europe.

Last week Russia cut gas supplies to Italy, reduced Moldova’s gas supply by 30% and announced closure of the pipeline going through Ukraine to Europe.

Trillion Energy has natural gas pipeline and facilities onshore Turkiye which are not dependent upon the gas transport systems experiencing problems in other parts of Europe. Trillion’s development will provide much needed natural gas during times of acute shortages at $30+/mcf current pricing.

The team behind Canada Nickel Company Inc. (TSXV:CNCForum) announced this week that it is on track to deliver a feasibility study for the Timmins-based property by year-end. Crawford represents a large bulk-tonnage opportunity marked by an 8 km geophysical anomaly.

The study work is 85 per cent complete, and the company is confident in what Crawford has to offer.

Canada Nickel has also arranged a US$10 million loan facility with Auramet scheduled to close on or before October 14, 2022. The loan is due on January 14, 2023, will bear interest at 1 per cent per month, and be subject to a 2 per cent arrangement fee.

Auramet is one of the largest physical precious metals merchants in the world, with over US$20 billion in annual revenue.

Theratechnologies Inc. (TSX:THForum) has received U.S. Food and Drug Administration (FDA) approval for its Trogarzo to be administered by IV therapy.

Trogarzo is a long-acting, immune cell-directed, post-attachment HIV-1 inhibitor. In the U.S., it is used in combination with other antiretrovirals (ARVs) for the treatment of HIV-1 infection in heavily treatment-experienced adults with multidrug-resistant viruses failing their current ARV regimen.

The FDA originally approved Trogarzo in March 2018 to be administered intravenously as a single loading dose followed by 15-minute maintenance doses every two weeks. Following today’s approval, the maintenance dose can be administered as an undiluted IV push over 30 seconds.

The approval is based on study TMB-302, a phase three trial that evaluated the safety and pharmacokinetic profile of an 800-milligram dose of Trogarzo once every two weeks. Results showed the profile of Trogarzo administered via IV push is like IV infusion administration.

Next week will be a shorter have a shorter one for Canada’s stock market with the Thanksgiving long weekend, but American markets will stay open and so will the Bullboards.

When you’ve had your fill of food, trimmings, and political debates, come back for some lively discussion on the hottest stocks around.

Get “Buzz on the Bullboards” delivered to your inbox every Thursday!

Buzz on the Bullboards | Sign Up Here

More From The Market Herald

" @ the Bell: Unrest over COVID sanctions drags markets lower

After a few solid trading sessions, Canada’s main stock index slid back into negative territory on Monday. Tech and industrial shares moved higher.
The Market Herald Video

" Ascendant Resources (TSX:ASND) closes US$15 million financing agreement with Sprott Streaming

Ascendant Resources (ASND) has signed a US$15 million metals stream agreement with Sprott Streaming and Royalty Corp.
The Market Herald Video

" Coelacanth Energy (TSXV:CEI) announces Q3 2022 financial and operating results

Coelacanth Energy (CEI) recently released its latest financial and operating results.

" Blue Star Gold builds on strong drill results

Blue Star Gold Corp (TSXV: BAU/