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Stocks under $1 Report

US and Canadian markets settled this week on a negative note. Two stocks to consider – NAU, TNYA

Oct 09, 2026

  • NAU:TSX-V
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)
  • TNYA:NASDAQ
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (US$)

Company Overview: NevGold Corp. (TSXV: NAU) is focused on the exploration, de-risking, and accelerated development of gold and critical metals projects in Nevada and Idaho, with the objective of creating shareholder value and contributing to US mineral security. The Company holds 100% ownership interests in four projects: Limousine Butte, which targets gold and antimony, and Cedar Wash, a gold project in Nevada, along with Nutmeg Mountain, a gold project, and Zeus, a copper project, in Idaho. Tenaya Therapeutics, Inc. (NASDAQ: TNYA) is a clinical-stage biotechnology company focused on discovering, developing, and delivering potentially curative therapies for heart disease. The company aims to address the underlying biological causes of cardiovascular conditions through innovative therapeutic approaches. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.

Global Markets Wrap-Up

U.S. equity markets ended the week on a mixed-to-negative note, with the major indices delivering uneven performance and small-cap stocks facing heightened selling pressure. The S&P 500 Index declined 0.10% to close at 7,765.36, while the Nasdaq Composite edged up 0.01% to finish at 26,418.30. Meanwhile, the Russell 2000 Index fell 1.37% to 2,794.13, underperforming its large-cap counterparts and reflecting comparatively greater weakness across the small-cap segment.

In Canada, the S&P/TSX Venture Composite Index declined 1.46% on a week-to-date basis to close at 867.76, reflecting continued weakness across the broader market. Gains in the energy sector provided selective support, indicating sustained buying interest in the segment. However, losses across consumer non-cyclicals, basic materials, financials, industrials, and technology weighed on overall market performance and limited the index’s recovery potential. The uneven sector performance highlights a cautious investment environment, with market sentiment influenced by macroeconomic uncertainty, changing economic expectations, and evolving risk appetite.


Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.

Past performance is not a reliable indicator of future performance.

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