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3 Microcap Breakout Stocks

This article features 3 breakout stocks in the microcap segment. Those are stocks with a market cap between approximately $50M and $250M. Our selection contains only stocks from the Toronto Junior Exchange TSX-V.

Microcap breakout stock #1: VIQ Solutions

VIQ Solutions, symbol VQS.V, has a market cap of $38M. It provides cloud based storage of documents. More interestingly, it also offers transcription services, digitally, which are very desired by police and other governmental instances.

The stocks has been consolidating for a very long time. This breakout is for real only if $0.26 holds.

Today’s breakout took place on higher than average volume, a bullish sign. Watch $0.26 closely.

Microcap breakout stock #2: Critical Elements

Critical Elements, symbol CRE.V, has a market cap of $170M. The company is focused on mining and producing lithium. Next to that, it is active in the precious metals and base metals sector. Given the outlook for lithium it is presumably the lithium segment that is driving its strong increase in recent months.

The stock broke out at $0.95. It seems there is strong momentum building, so it’s not a given that this stock will come back down to test its breakout level.

Microcap breakout stock #3: Mason Graphite

Mason Graphite, a $204M market cap company, is in a slightly different position. The stock broke out in May, and is now testing its breakout level at $1.65. Volume remains above average. This level must hold, otherwise it would be very bearish.

Although graphite is not the hottest trend right now, this stock has come with good news lately. Its long consolidation pattern, combined with a confirmed breakout, would be bullish.

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3 Microcap Breakout Stocks

This article features 3 micro cap stocks (with a market cap below $250M) which are in the process of breaking out. Typically, these stocks come back to test their breakout level. If that test succeeds, it is worth considering positions.

The micro cap breakout stocks we selected are all trading on the Toronto Junior Exchange TSX-V.

Breakout microcap stock #1: VIQ Solutions

VIQ Solutions Inc, symbol VQS.V, has a market cap of $37M. It is a technology and service provider for digital evidence capture, retrieval, and content management. It also has a transcription segment which provides recording and transcription services primarily to governmental organizations. The company’s software captures digital content from audio/video source, and provides online collaboration, mobility, data analytics, and integration with speech recognition, case management or patient record systems.

The stock saw a trading halt today presumably on increased interest in the company. We do not know exactly what and who. The only thing we know is that it happened right at a breakout level, which is interesting to say the least.

If the stock continues to trade above $0.26, it could mean it is confirming its breakout.

Breakout microcap stock #2: Critical Elements

Critical Elements, symbol CRE.V, has a market cap of $170M. The company is active in mining lithium apart from other precious metals and base metals. Obviously, the lithium market is red hot, certainly given its great outlook, so that is the primary driver for CRE.V.

The stock broke out at $0.95. It seems heading higher on increased volume. That is very bullish.

Breakout microcap stock #3: Mason Graphite

Mason Graphite, symbol LLG.V, is in a slightly different position as the previous two breakout stocks. It already broke out in May as it pierced through $1.65. Right now, it is testing its breakout level. That is a very important event. If this level holds, it is a confirmed breakout, and it would provide a very high chance on a continued rise.

InvestingHaven is the first in the world to offer a Blockchain Stock Investing Research Service which features all blockchain stocks with our proprietary score. Get access now >>
A MUST READ for 2018: China’s Stock Market Bullish. 7 High Quality Stock Tips For Long Term Portfolios. Featuring 7 China stocks >>
Follow official Ethereum prices in real-time. Read daily Ethereum price news on www.ethereumprice.today  >>
 
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