In this summary report, we will take a quick look at the top 5 gainers and losers up or down double digits on the Canadian stock markets.
Here is a summary of the intraday action of assets:
Top 5 Gainers
Steer Technologies (STER.V)
Market Cap ~ $11.9 million
Steer Technologies Inc. operates an integrated ESG technology platform that offers subscription and on-demand services. The company provides STEER EV, a subscription-based offering led by its flagship electric vehicle subscription business and electric vehicle long-term ownership or rental; and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service, food delivery service, and rideshare businesses.
The stock is up 50% on no news.
The stock is breaking out of a range. A good sign for bulls given a range came after a long downtrend suggesting selling exhaustion. Watch for a daily close above $0.09.
C2C Gold (CTOC.CN)
Market Cap ~ $13.8 million
C2C Gold Corp. engages in the acquisition, exploration, and development of precious metal projects in Newfoundland and Labrador. It holds interests in the Millertown, which comprises 1,429 mineral claims covering an area of approximately 357 square kilometers located in the Central Newfoundland Gold Belt. The company also holds a 100% interest in the Badger property that consists of 1,121 mineral claims covering an area of approximately 280 square kilometers; and Barrens Lake, which consists of 749 mineral claims covering an area of approximately 187 square kilometers located in the Central Newfoundland Gold Belt. In addition, it holds interests in various gold projects comprising White Gold in Yukon, Canada; Black Raven property; Mega Vein property; Lake Douglas and South Tally properties; Tom Joe and Rocky Brook properties; Jumpers Brook property; and a 100 % interest in the Rocky Pond and Burnt Lake gold properties located in the Central Newfoundland Gold Belt.
The stock is up 41% on no news.
The stock is in breakout mode and in a new uptrend ever since it broke above the $0.06 zone. The next resistance comes in at the $0.18 zone.
Canopy Growth (WEED.TO)
Market Cap ~ $577 million
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany.
The stock is up 16% on no news. Four days ago the Company announced it had completed the divestiture of its This Works skincare and wellness brand to Inspirit Capital, a London-based investment firm.
The stock recently broke below support at $7.00 and today’s price action is still a correction. This is a breakdown retest so a move back up to $7.00 was expected. Bulls can regain control if they can force a close above this price level.
EV Nickel (EVNI.V)
Market Cap ~ $27 million
EV Nickel Inc., a nickel exploration company, engages in the acquisition, evaluation, and exploration for mineral properties in Canada. It holds interests in the Langmuir nickel project that comprises 158 claims located in Timmins, Ontario; and the Shaw Dome project, which includes 942 mining claims covering approximately 21,000 hectares located south of Timmins, Ontario.
The stock is up 13% on no news.
The uptrend continues and the stock is testing the resistance zone at the $0.30 zone. Watch to see if a close above this zone can be confirmed for further momentum.
Brunswick Exploration (BRW.V)
Market Cap ~ $173 million
Brunswick Exploration Inc., a junior exploration and evaluation company, engages in acquiring, exploring, and evaluating mining property assets in Canada. The company primarily explores for lithium. It owns interests in mining claims, which are located in Quebec, Ontario, Saskatchewan, Newfoundland, Manitoba, New Brunswick, and Nova Scotia.
The stock is up 11.25% on the approval of the grant of incentive stock options to the VP Development and key consultants to purchase up to an aggregate of 150,000 common shares in the capital stock of the Company. Grants are subject to a three-year vesting period and a five-year term at an exercise price of $0.80 per share.
The stock is within a broad range. Buyers are stepping in at the support and so far so good. A strong engulfing candle is being printed here.
Top 5 Losers
EDM Resources (EDM.V)
Market Cap ~ $3.8 million
EDM Resources Inc. engages in the exploration and evaluation of mineral properties in Canada. The company explores for zinc, lead, and gypsum mineral deposits. It owns 100% interest in the Scotia Mine and various other mineral resource prospects in Halifax in Nova Scotia.
The stock is down 33% on news of a non-brokered private placement financing for aggregate gross proceeds of up to C$1,400,000.
The stock attempted to breakout above the $0.28 resistance zone but failed. Now, the stock is falling in its consolidation and support comes in at $0.12.
EvokAI Creative Labs (OKAI.V)
Market Cap ~ $7.6 million
EvokAI Creative Labs Inc., a MedTech artificial-intelligence (AI)-powered company, engages in the development of transformational technologies for the healthcare sector. The company’s artificial intelligence-enhanced diagnostic profiles provide a basis to monitor mental wellbeing and enable advances in medical diagnoses. It deploys machine learning models to search medical data, integrate novel medical devices, and uncover insights to help improve health outcomes, patient experiences, drug development, preclinical and clinical decisions, and provide accurate diagnoses.
The stock is down 23% on no news.
Not much volume in this stock so the price action is choppy. Watch this support zone here at $0.10.
Condor Resources (CN.V)
Market Cap ~ $54.3 million
Condor Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Peru. It explores for gold, silver, copper, lead, and zinc deposits, as well as other precious and base metals.
The stock is down 21% on news that it concluded the diamond drill program at its Pucamayo East project located in the Ica Department, Peru, on December 20th.
The stock continued higher after breaking out of a flag pattern, and now the stock finds itself in a range. Today’s gap down has taken the stock to a major support level here at $0.38.
Defense Metals (DEFN.V)
Market Cap ~ $56.2 million
Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It has 100% interest in the Wicheeda project consisting of 9 mineral claims covering an area of 4,244 hectares located in British Columbia.
The stock is down 20% on no news.
Looks more like profit taking after the stock gapped up on no news. The gap comes in at $0.20 so the stock can remain in an uptrend as long as it remains above this zone. The downtrend definitely looks like it is over.
Dynasty Gold (DYG.V)
Market Cap ~ $11 million
Dynasty Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold and silver. The company owns a 100% interest in the Golden Repeat property that includes 49 claims covering an area of 392 hectares located in northwestern Elko County, Nevada. It also owns a 100% interest in the Thundercloud gold property covering an area of 2,250 hectares located on the central Wabigoon greenstone belt in Northwestern Ontario.
The stock is down 15% on news it has continued to intersect mineralization outside the Pelham deposit at its Thundercloud project in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario.
The stock is ranging but look at the broader picture. It appears as if a head and shoulders pattern is printing with the right shoulder being the current range the stock is in. A breakdown below support at $0.17 would get the stock sinking as it triggers this reversal pattern.
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