Weekly Summary - QIS Blog - May 24, 2019 - May 24th 2019
Weekly Summary - QIS Blog - May 24, 2019
As discussed over the last couple week, the end of May is a deadline for many junior Canadian companies to post first quarter results. To date, results from the companies we follow have been mixed as expected. NTG Clarity's numbers showed very good improvement over Q4 numbers and was the most profitable quarter in several years. We will be following NTG's progress very closely in 2019. Quinsam Capital (QCA) and Questor Technology (QST) also had very strong Q1 results.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
The latest three QIS Capital Updates were issued to all subscribers on May 23, May 14, and May 7, 2019, respectively. These updates included financial results and news from NTG Clarity Networks (NCI:TSX-V), and the latest news from Deer Horn Capital (DHC:CSE).
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 10-15 email updates per year.
During the trading week ended May 24, which was a short week in Canada due to the Victoria Day holiday, the three indices we track each posted losses. The S&P TSX Venture Composite Index dipped by a combined 1.47 points on the week to close on Friday at 607.68. Canada's top watched stock index, the S&P TSX Composite Index, was also down on the week, finishing on Friday at 16,230.04 points. In total for the week, the TSX Composite declined by 171.71 points. Down in the United States, the Dow Jones Industrial Average weakened for the fifth straight week, shedding a total of 178.31 points on the week, closing on Friday at 25,585.69 points.
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