Following are the major stock losers on the Canadian exchange on Tuesday. Keep an eye on the following stocks this week.
Bitfarms Ltd. (CVE:BITF) is one of the biggest losers on the Canadian market on Tuesday. The stock fell 9.20% at C$4.94. Total volume for the session stood at 1.25 million shares, compared to its 30-day average volume of 1.70 million shares. The stock has lost 28% over the past month. BITF stock opened at C$5.15 and moved within a range of C$4.6400 – 5.2200. Last week, the company announced the appointment of Jeffrey Lucas as Chief Financial Officer, effective June 14, 2021, as well as two management promotions.
Organic Garage Ltd (CVE:OG) continued to see selling pressure as the stock went down 8.50% to C$0.485. Total volume for the session was 371K. compared to its average volume of 285K shares. The stock moved within a range of C$0.4800 – 0.5100 after opening at C$0.51. Yesterday, the company announced that it has signed an exclusive partnership agreement with Instacart, North America’s largest online delivery platform, for the online ordering and delivery of groceries from all Organic Garage retail locations.
The agreement significantly increases the Company’s online delivery service area, amplifying an online sales strategy that was implemented in January 2020, and has shown consistent growth since its inception.
HIVE Blockchain Technologies (CVE:HIVE) stock is trading lower on heavy volume. The stock decreased by 5.20% to C$2.75 on Tuesday as crypto markets are seeing selling pressure with Bitcoin slipped to 32K mark. The stock saw an unusual volume with more than 2.51 million shares traded hands, compared to its daily average volume of 3.40 million shares. HIVE stock opened at C$2.83 and moved within a range of C$2.6100 – 2.8700. The stock has fallen about 28% over the past month.
Last week, the company announced the investment of HIVE Blockchain Technologies into its flagship fund launched in January of 2020. The fund invests in companies and decentralized projects that are leveraging blockchain technology to provide demonstrable change and efficiency in financial services, artificial intelligence, supply chain, and biotechnologies.
