Exactly one month ago, NIA released its full top 5 overall picks list for the final three months of 2020. Although we had already announced our first two picks on the list in the preceding weeks, we announced the final 3 picks on September 27th: Idaho Champion Gold Mines (CSE: ITKO) at $0.22 per share, Numinus Wellness (TSXV: NUMI) at $0.285 per share, and Support.com (SPRT) at $1.76 per share.
After announcing the final 3 picks of our top 5 overall picks list on September 27th, all three companies have performed very strongly with ITKO rising to a high on September 30th of $0.30 per share for a gain of 36.36%, NUMI rising to a high this morning of $0.53 per share for a gain of 85.96%, and SPRT rising to a high on October 16th of $2.455 per share for a gain of 39.49%. On average, the final 3 picks of our top 5 overall picks list have achieved an average gain of 53.94% at their recent highs!
Although each stock has made a healthy dip from their highs, they remain up strongly from one month ago with ITKO closing today at $0.245 per share +11.36%, NUMI closing today at $0.465 per share +63.16%, and SPRT closing today at $2.17 per share +23.30%. On average, the final 3 picks of our top 5 overall picks list are currently up by 32.61% from one month ago!
For comparison, the TSX Venture Composite Index is up by 1.85% from one month ago, the S&P 500 is up by 2.80% from one month ago, and the NASDAQ is up by 4.74% from one month ago. On average, these three indexes/exchanges have gained by 3.13% from one month ago! The final 3 picks of our top 5 overall picks list are currently up 10.42X more than the market over the past month!
Major potential catalysts are ahead for all three companies:
ITKO announced today that the company has mobilized a second core rig (its third drilling rig in total) at its Champagne gold project in Idaho as part of its 5,000m drilling program to focus on new target areas identified between and around the two past-producing open pits. ITKO confirms that its technical team has identified favorable geology and alteration in the holes that have been drilled and logged so far. ITKO's geologists have also developed additional targets peripheral to the historic open pits from mapping, sampling, and analysis of historic prospects and reports. By adding this additional drill rig even before assay results are returned, ITKO is maximizing its opportunity to assess these targets before the onset of winter. Separately, ITKO has completed its 13 hole 2020 exploration program at the Baner project in Idaho and is encouraged by the geology and alteration encountered. Drilling results from Baner will be coming soon followed by drilling results from Champange.
Psychedelic mushrooms are on the ballot in Oregon and Washington DC one week from today and NUMI will likely benefit greatly if these two initiatives pass.
SPRT's 3Q 2020 results will likely be released before the open on Friday of next week (November 6, 2020). We are expecting SPRT to report a very strong quarter due to the remote learning boom.
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. NIA has been compensated by NUMI USD$30,000 cash for a six-month marketing contract. NIA was previously compensated by ITKO a total of USD$30,000 cash for a six-month marketing contract, which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.