NIA's Burcon Nutrascience (TSX: BU) was Friday's #1 largest percentage gainer in the entire market (including all U.S. and Canadian stocks with a market cap of at least $20 million and at least $200,000 in dollar volume). BU on Friday gained by $0.38 or 50.67% to $1.13 per share on HUGE volume of 1,369,130 shares or 15.17X its average daily volume of 90,261 shares!
We literally just discovered BU the previous evening because many NIA members have been asking us for a pea protein extraction play to capitalize on the plant-based meat craze following the unbelievably strong IPO of Beyond Meat (BYND). We quickly determined that BU is the only publicly traded pea protein extraction play in the entire market. After spending most of Thursday evening researching the company, we decided to immediately announce BU on Friday morning because its chart was setup perfectly for an explosive breakout.
At the time of NIA's urgent alert Friday morning at 10:15AMEDT, BU was up by $0.05 or 6.67% to $0.80 per share on volume of 292,500 shares. BU's strongest one hour period of the day occurred immediately following NIA's alert between 10:15 and 11:15AMEDT, when BU gained by $0.19 or 23.75% to $0.99 per share on volume of 332,500 shares. BU had resistance at $1 and traded sideways in a range of between $0.90 and $1 per share for the following 3 hours and 15 minutes on total volume of 283,500 shares (average of 87,231 shares per hour).
Finally at 2:30PMEDT, BU broke through its $1 per share resistance and rapidly exploded by $0.15 or 15% to $1.15 per share within the following hour on volume between 2:30 and 3:30PMEDT of 330,000 shares. BU continued rallying into the close reaching a high of day of $1.17 per share at 3:56PMEDT for a gain of $0.37 or 46.25% from NIA's $0.80 per share 10:15AMEDT alert price!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.