19 December 2024

Howe Street Reporter Title

Top 5 stock gainers and losers: HUT.TO, STND.V, RRL.V


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

Gold Flora Corporation (GRAM.NEO)

Market Cap ~ $51.6 million

Gold Flora Corporation engages in the cultivation, manufacturing, extraction, distribution, and retailing of cannabis products in California. It offers disposable vape pens and gold flora flowers.

The stock is up 40% on no news.

TradingView Chart

A nice continuation just as I expected and highlighted in an earlier Market Movers article with the break above $0.20. A nice continuation and move higher and we are testing resistance around the $0.43 zone.

Standard Uranium (STND.V)

Market Cap ~ $15 million

Standard Uranium Ltd., a junior exploration company, explores, acquires, evaluates, and develops uranium properties in Canada. Its flagship property is the Davidson River Project, which comprise 10 contiguous mineral dispositions covering an area of approximately 30,737 hectares located in the southwest part of the Athabasca Basin, Saskatchewan.

The stock is up 30% on news it has put out its exploration plans for 2024 and the granting of stock options.

TradingView Chart

A nice pop which is set to take the stock to test the key downtrend line. A close above this trendline, or $0.07, will see a move up to $0.10 resistance.

Atomic Minerals (ATOM.V)

Market Cap ~ $3.5 million

Atomic Minerals Corporation engages in the acquisition, exploration, and development of resource properties in Canada. It holds a 100% interest in the Hamilton Lake Uranium project located in Athabasca basin, Saskatchewan, Canada; a 100% interest in the Mitchell Lake Uranium project located in Athabasca basin, Saskatchewan, Canada; the Harts Point that consisting of 324 unpatented lode claims in San Juan County, Utah, USA; and the MVN Claim Blocks, which consisting of 521 unpatented lode claims in Grand County, Utah, USA.

READ  Top 5 Gainers and Losers: NCU.TO, IDK.CN, SX.CN

The stock is up 25% on no news.

TradingView Chart

A nice continuation after breaking out above $0.115. The move is expected to continue to test resistance at $0.20.

Razor Energy (RZE.V)

Market Cap ~ $15 million

Razor Energy Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in western Canada. The Company produces primarily light oil, natural gas, and natural gas liquids in Alberta. It operates assets in the Swan Hills area covering 155,520 gross acres of total land and the Kaybob area covering 84,320 gross acres of total land located in the west central Alberta, as well as the District South area covering 79,093 gross acres of total land located in the southern Alberta.

The stock is up 22% on no news.

TradingView Chart

It looks like we have a trend shift with the first higher low set to be formed. Watch for a daily close above $0.50 for further continuation.

Intrepid Metals (INTR.V)

Market Cap ~ $13 million

Intrepid Metals Corp. engages in the acquisition, exploration, and development of mineral properties. It explores for silver, copper, gold, lead, and zinc deposits.

The stock is up 21% on no news.

TradingView Chart

The stock is bouncing after a retest of $0.375. That is the support bulls are working with. Resistance is set to be tested around the $0.57 zone.

Top 5 Losers

Resolute Resources (RRL.V)

Market Cap ~ $2.1 million

Resolute Resources Ltd., an energy company, engages in the exploration and development of crude oil from shallow cretaceous sandstone reservoirs utilizing multi-lateral drilling technology in Northeast British Columbia and Northwest Alberta.

READ  Top 5 stock gainers and losers: LBC.V, BWCG.V, TCN.TO

The stock is down 40% on news of a well update.

TradingView Chart

Not much to say on this one other than new record lows and buying right now is like catching a falling knife. Watch for consolidation to give us a sign that the selling pressure has possibly ended.

Bitcoin Well (BTCW.V)

Market Cap ~ $12 million

Bitcoin Well Inc. acquires, owns, and operates cryptocurrency ATM machines in Canada. It provides online and in-person solutions to buy and sell bitcoin and other cryptocurrencies. The company also operates non-custodial Online Portal to buy, sell, and use bitcoin online.

The stock is down 25% on no news.

TradingView Chart

A lot of crypto stocks were big gainers yesterday as US Bitcoin ETFs began their first day of trading. Bitcoin Well has broken out and today is seeing a sell off. A pullback perhaps to retest the $0.05 broken zone.

Neotech Metals (NTMC.CN)

Market Cap ~ $69 million

The Company is a mineral exploration company based in Vancouver, B.C., which owns 40 rare earth mineral claims comprising the TREO Property, located in Northern, British Columbia. Canada. The Company also holds options on the EBB nickel-cobalt property located in British Columbia, Canada and 22 mining claims comprising the‎ Thor REE Project, a mid-stage exploration property located in the eastern Mojave Desert Region, approximately 119 kilometers south of Las Vegas‎.‎

The stock is down 16% on news it is undertaking a detailed data compilation and review of its Thor property in preparation for fieldwork to begin at the end of the month.

TradingView Chart

A very hyperbolic/super nova like chart and looks like a pump and dump happened. The stock attempted to fill in the gap at $2.60 but failed to do so.

READ  Top 5 stock gainers and losers: NINE.CN, PLSR.V, VG.V

Energy Plug Technologies (PLUG.CN)

Market Cap ~ $5.2 million

Energy Plug Technologies Corp., a software company, develops application technology in Canada. The company develops technology utilizing advanced algorithms and real-time data analysis to monitor electric vehicle (EV) charging stations, as well as provides software development services and intelligent networking solutions for the battery energy charging systems (BESS) sector. Its products include battery energy storage systems; home battery storage units; and EV chargers.

The stock is down 16% on news of the appointment of a new director, officer and advisor changes.

TradingView Chart

A gap down on PLUG but there seems to be a lot of support around this zone. Watch for the gap fill back above $0.12 for things to turn around.

Hut 8 Mining (HUT.TO)

Market Cap ~ $1.19 billion

Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers.

The stock is down 10% on news it has entered into an amendment and restatement of its credit facility with a subsidiary of Coinbase Global, Inc., as lender, in connection with the extension of an additional loan in the amount of US$15 million to the Borrower, increasing the aggregate principal amount of the loans under the Credit Facility to US$65 million.

TradingView Chart

The stock is down and is set to test key support around the $12.00 zone. Expect to see buyers there. A close below $12 would be bearish and would likely see the stock tumble below $10.00.


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