Are There Any Catalysts to Propel Shares of DelMar Pharmaceuticals, Inc. (:DMPI)?

Moving 1.94% from the most recent open, shares of DelMar Pharmaceuticals, Inc. (:DMPI) have landed on investor watchlists as the latest bid puts the equity at $0.37.  Investors interested in stocks under $5 have given this stock a second look over the past few weeks.

Defining specific goals and creating an overall stock trading strategy can be a big help for the individual investor. Some investors are only interested in buy and hold strategies, while others will opt to try and capitalize on short-term market movements. Investors may also decide to do a little bit of both. They may choose a selection of stocks that they plan on holding for a long time, and they may choose others that they plan on holding for only a short period of time. Whichever way the investor decides to go, they should be prepared to complete all the research. Whether they want to study the fundamentals, technicals, or both, finding quality stocks may be at the forefront of the search.

Sometimes the stock market can be very confusing, even for the most seasoned investors. Even when expectations are met as predicted, the market may decide to move otherwise. This can cause uncertainty and second guessing. Keeping up with historical data as well as short-term and long-term trends may be very helpful. Over the past week, DelMar Pharmaceuticals, Inc. (:DMPI) shares have performed 0.05%. Pushing back over the last quarter, shares are -10.49%. Looking at stock performance for the past six months, shares are -43.36%. Since the start of the calendar year, shares have performed 7.34%.

Let’s take a quick look at some possible support and resistence levels for the stock. According to a recent spotcheck, company DelMar Pharmaceuticals, Inc. (:DMPI) have been seen trading -41.66% away from the 50- day high. On the opposite end, shares have been trading 30.60% away from the 50-day low price. Taking a wider perspective, shares have been recently trading -73.41% off the 52-week high and 30.60% away from the 52-week low.

Investors are generally searching for a stock market strategy that not only maximizes returns, but helps them build a portfolio that is set up to achieve long lasting success. New investors may find themselves overwhelmed by the day to day workings of the market. Understanding that markets are volatile and will sometimes be down for extended periods is just another part of the investing process. Having the proper stock portfolio diversification can be a big help when trying to combat volatile markets.

Individual investors are constantly hearing about the next hot stock to buy. Acting purely on these types of tips can be hazardous to the portfolio if the research is not completed. Sometimes these stock tips will pan out and be correct, other times they can leave the investor wondering why they acted on the speculative advice. Even if a stock tip is correct, the results may have already been manifested and the investor would simply be getting in way too late. Knowing what information is reliable can drastically improve the chances of making smarter stock picks. Even the most praised stocks may not be able to withstand an overall market downturn.    

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples.

They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals. The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs.

Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Where quoted, past performance is not indicative of future performance.