Weekly Watchlist, Sep.30 , 2023
Uranium and Oil + Gas stocks continue to look really strong moving forward, as the Energy theme continues. Many names highlighted in recent weeks continue moving higher.
Surge Energy - Market Cap $928 Million Canadian
The stock continues to hold up extremely well and is still primed for a breakout in the coming weeks. It has some near term resistance to clear for now, like many of these oil stocks, the volume really hasn’t come in recently. That will change if they continue to outperform. Surge Energy also pays a healthy 5% dividend right now and it is likely to increase in the coming months.
Max Resources Corp - Market Cap $29 million Canadian
The copper exploration stock was up over 5% Friday as it made a new one month high, it’s been beaten down in recent months. The 50 day moving average is just crossing over the longer term 30 week moving average, which can indicate a bullish move ahead. They are in the middle of an exploration campaign at their Caesar Project in Colombia, which has homerun potential.
Tectonic Metals - Market Cap $39 Million Canadian
This precious metals stock was up over 12% on Friday, huge weekly volume came into the name. It’s a favourite among many precious metals bulls, as it has big potential. They are currently in a drill program right now, one to add to the watchlist.
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