News Details – Smallcapnetwork
Patriot One Pops On Queue - Nexus Gold Corp. and SPYR, Inc. In the News
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February 2, 2024

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PDT

Did everyone see the move PTOTF made yesterday? Some of you might remember we asked the Elite Opportunity Pro (EOP) team to provide their technical thoughts on Patriot One Technologies (OTCQB: PTOTF) last Wednesday, and they said the stock had confirmed one of their favorite reversal signals. It took a few days, but the stock made a big move yesterday for about a 25% gain, once again proving EOP has some of the best charting technicians I've ever seen. It also proves technicals - when it comes to charts - can be applied to just about any chart, no matter what it is. Let's hope PTOTF keeps it up. The stock is a little weak today, but if it can get some follow through, who knows where it might go. Better yet, if the company can continue to deliver some nice fundamental developments, the combination of a better looking chart now and some good PR could be just what the doctor ordered. Speaking of fundamental developments, one think I've learned over the years is some small micro caps tend to communicate better with their investors than others. This includes everything from taking phone calls at the company to how often the company updates their shareholders via PR etc. Two companies that don't appear to have that problem are SPYR Inc. (OTCQB: SPYR) and Nexus Gold Corp. (OTCBB: NXXGF) (NXS.V), who both had news this morning - two vastly different companies, but with good potential assuming they can follow through on some recent fundamental developments. SPYR Inc. (OTCQB: SPYR) is definitely quite the story stock with its focus on entering into the eSports space, a multi-billion dollar growth sector. And it sure seems the company is really starting to make some progress. Earlier this morning, the company highlighted its significant growth initiatives. To read the PR in its entirety, just go here: https://finance.yahoo.com/news/spyr-highlights-strategic-growth-initiatives-130000086.html. You'll find it's all right there for investors looking to speculate on the company's future in mobile gaming, and specifically eSports. As for its stock, SPYR continues to wrestle with what appears to be a very large short position in the stock, which traders and investors can see here: http://otcshortreport.com/?index=SPYR&action=view. Just in the last five days, shares of SPYR are seeing anywhere from a 37% to 52% of its total volume being short sales. It's quite apparent there's a number of non-believers in the stock right now, something that's been going on for quite some time. However, we see this all of the time in stocks - both penny stocks and even high flying NASDAQ stocks like Tesla (TSLA) and Netflix (NFLX), whereby those high flyers rotated short sellers, thus sending the stock substantially higher. No guarantee, but if SPYR can really pull an ace card with some sort of significant fundamental development, there's plenty of technical reasoning right now to suggest a potential short squeeze at any point going forward. Let's hope the company makes it happen through a series of fundamental developments that takes the company and its stock to new highs. With gold running like a banshee over the last few weeks, junior gold miners have been having a field day, and for those who've been paying attention since the last time we mentioned Nexus Gold Corp. (OTCBB: NXXGF) (NXS.V), the stock has been doing pretty well too. Following a pretty quiet May, the stock woke up with the rest of the precious metal space over the last several days, and depending on how gold behaves over the next few weeks, Nexus just may be on the verge of another big run like the one we saw at the start of the year, when shares went crazy along with the big early move in gold. Today's news doesn't hurt either, just this morning the company announced it has received geochemical results from Actlabs Burkina Faso SARL, an ISO 9001:2008 certified independent lab, from its initial sampling program at the Bouboulou gold concession, Burkina Faso, West Africa. The sampling program targeted new areas of interest at the Koala zone, and west of the Rawema zone, in preparation of the upcoming Bouboulou phase one diamond drill program set to commence later this month. Highlights of the program include high-grade quartz sample BBL-012, which contained visible gold, taken from an artisanal shaft (or orpaillage pit) 70 meters below surface at the Koala zone, that returned 66.1 grams-per-tonne ("g/t") gold ("Au"). Sample BBL-013 (quartz material containing pyrite), also taken from an artisanal shaft at approximately 70 meters below surface, returned a value of 29 g/t Au. "We are very pleased with the continued work our senior geologist, Warren Robb, and his crew are performing on the ground," said President & CEO, Peter Berdusco. "They've opened up Niangouela with the discovery of additional zones, and as we wait for the results of the second phase drill program there, they've already expanded our mineralized area at Bouboulou with the results of the sampling program and the identification of Rawema West." The company also identified a new zone in Rawema West, so if you're looking to "explore" the new opportunity the company appears to have in front of it, you can read more about it here: https://finance.yahoo.com/news/nexus-identifies-high-grade-gold-130000958.html. It looks like the penny stock space is starting to heat up again, and we all know what that means for the right penny stocks - the gains can be off the charts, literally. So, go with those stocks starting to behave better, and go with the ones you think are best suited for you.