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Hive Blockchain Technologies Ltd
Symbol HIVE
Shares Issued 346,433,064
Close 2021-01-18 C$ 2.94
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Globe says Hive, others showing strong price momentum

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

Also In the News (C-AT) AcuityAds Holdings Inc
Also In the News (C-EGLX) Enthusiast Gaming Holdings Inc (2)
Also In the News (C-HUT) Hut 8 Mining Corp
Also In the News (C-SCR) Score Media and Gaming Inc

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 Hive Blockchain Technologies, Score Media and Gaming, AcuityAds Holdings, Hut 8 Mining and Enthusiast Gaming Holdings.

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