02:44:00 EDT Sun 17 Oct 2021
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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 279,697,591
Close 2021-01-18 C$ 41.60
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Globe says Hexo, others steaming ahead nicely

2021-01-19 08:44 ET - In the News

See In the News (C-HEXO) Hexo Corp (2)

The Globe and Mail attempts to identify Canadian-listed stocks exhibiting strong price momentum in its Tuesday, Jan. 19, edition. The Globe's guest columnist Michael Pe writes in the Number Cruncher column that momentum stock strategies typically display high turnover and high volatility in short time periods. They can also exhibit sketchy fundamentals and may be driven by irrational sentiment in the market. Therefore, Mr. Pe says they are not for the more risk-averse investor. However, he says momentum stock strategies can also exhibit dramatic outperformance over the long term. Regardless of the pitfalls, Mr. Pe says momentum stocks can supplement a well-rounded portfolio or as an additional input into stock selection. Mr. Pe says he focuses on traditional momentum for this column, which is based on a stock's price movement. He looked for stocks that had a positive three-month, six-month and 12-month price change. Mr. Pe only considered companies with at least a $500-million market capitalization. Mr. Pe's recommended momentum picks are Stelco Holdings, Hexo, Nanoxplore, Village Farms International and Ballard Power Systems.

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