RY 139.89 0.8943% TD 76.9 1.2242% SHOP 86.16 -18.5248% CNR 172.89 0.5818% ENB 51.15 1.1269% CP 112.14 0.5199% BMO 127.56 0.9816% TRI 229.43 0.1528% CNQ 105.96 1.0105% BN 60.44 0.683% ATD 75.02 0.4015% CSU 3820.47 1.7341% BNS 65.64 1.4685% CM 66.73 1.3364% SU 53.67 0.4304% TRP 52.0 1.069% NGT 57.07 0.3693% WCN 227.19 0.0528% MFC 33.6 0.9919% BCE 46.16 0.5445%

Stocks under $1 Report

S&P/TSX Venture Composite Edged Higher, 2 TSX-listed stocks to consider at the current levels- AOT, WEF

Feb 16, 2024

AOT:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)
WEF:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)

Company Overview: Ascot Resources Ltd. (TSX: AOT) is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. Western Forest Products Inc (TSX: WEF) is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.

Canada Market Round-Up

The benchmark S&P/TSX Venture Composite Index (TSX: ^JX) started the week on a positive note and continued the momentum. On February 15, 2024, the index closed at 552.49 with an overall week-to-date (WTD) gain of 1.08%. Healthcare, Basic Materials, Consumer Non-Cyclicals, Industrials, and Technology were the leading sectors, While  Real Estate, Financials, Energy, and Consumer Cyclical were the laggards on Thursday.

As per the weekly chart analysis, the index prices are trading below a falling trend line resisatnce zone. The leading indicator RSI (14-period) is hovering below the midpoint and is showing a reading of ~47.91. Moreover, the prices are trading below the  50-period SMA, which may act as a resistance zone in the near term.

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