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.