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 Gainers
Tricon Residential (TCN.TO)
Market Cap ~ $4.05 billion
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Their commitment is to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy.
The stock is up 27% on news that Blackstone will take Tricon private for for $11.25 (approximately C$15.17) per Common Share in cash. The Transaction price represents a premium of 30% to Tricon’s closing share price on the NYSE on January 18, 2024.
A big pop on the news and not much to say on the technicals as we have the buy out price at approximately $15.17.
Max Power Mining (MAXX.CN)
Market Cap ~ $22 million
Max Power Mining Corp., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. It explores for nickel, cobalt, copper, and lithium deposits, as well as platinum group elements. The company holds an option to acquire a 100% interest in Nicobat Property located in Rainy River region, Ontario. It also holds 100% interests in the Spark property located in Nunavik area of Quebec; and the Corvette Lake lithium properties situated in James Bay District, Quebec.
The stock is up 16.4% on no news.
Choppy price action on the chart. The stock did close below $0.425 support and today’s action is taking us back above this level.
Prime Drink Group (PRME.CN)
Market Cap ~ $23 million
Prime Drink Group Corp., together with its subsidiaries, develops and acquires spring water sources in North America. The company is involved in the groundwater collection, water withdrawal, and water pumping for selling or distributing spring water. Its water rights comprise six principal water sources, such as the Duhamel, Notre-Dame-duLaus, Coloraine, Sainte-Cécile-de-Whitton, Saint-Élie-de-Caxton, and St-Siméon.
The stock is up 14% on no news.
Very good price action. The stock recently closed above the $0.12 zone and is making a nice run. There is resistance at $0.20 and if this breaks, the stock will be making a run to previous record highs.
Amarc Resources (AHR.V)
Market Cap ~ $23.2 million
Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It holds 100% interest in the IKE project covering an area of 462 square kilometers located in the Gold Bridge, south-central British Columbia; the DUKE project covering an area of 678 square kilometers located northeast of Smithers, central British Columbia; and the JOY project covering an area of 492 square kilometers located in the Toodoggone region of north-central British Columbia.
The stock is up 22% on news of results received from the Company’s comprehensive surveys across the prospective 722 km2 DUKE district in central British Columbia have identified multiple porphyry copper-gold (“Cu-Au”) mineral systems.
Watch for the stock to take out the $0.115 zone with a daily close by the end of the trading day. The stock is attempting to breakout of a basing pattern and today’s news may be the trigger needed.
Euro Manganese (EMN.V)
Market Cap ~ $32 million
Euro Manganese Inc. engages in the evaluation, exploration, and development of mineral assets. Its flagship project comprises the 100% owned Chvaletice manganese project, which is involved in the re-processing of a manganese deposit hosted in historic mine tailings to produce manganese products for applications in lithium-ion batteries located in the east of Prague, the Czech Republic.
The stock is up 14% on no news.
The stock is in a strong downtrend and today’s action is still a corrective move in a longer downtrend. If the stock closes above $0.09, then we could be turning things around.
Top 5 Losers
Libero Copper and Gold (LBC.V)
Market Cap ~ $4.1 million
Libero Copper & Gold Corporation engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, Argentina, and Colombia. It explores for copper and gold deposits. The company owns 100% interest in the Mocoa porphyry copper-molybdenum deposit located in the Eastern Cordillera of Colombia. It also has an option to acquire a 100% interest in the Big Red porphyry copper-gold property comprising 20 contiguous claims covering an area of 26,000 hectares in northwestern British Columbia; and a 70% interest in the Esperanza Porphyry gold-copper project located in San Juan, Argentina. In addition, it has an option to acquire Tomichi porphyry copper-molybdenum deposit located in the Colorado; and the Big Bulk Porphyry Gold-Copper property located in British Columbia, Canada.
The stock is down 37% on news of a 1:10 share consolidation.
The stock is retesting the $0.02 zone, where it recently broke out above a range. If buyers can hold this zone, the stock can continue to climb higher.
Blackwolf Copper and Gold (BWCG.V)
Market Cap ~ $17 million
Blackwolf Copper and Gold Ltd. engages in the acquisition, exploration, and development of mineral properties. It explores for copper, gold, zinc, and silver deposits.
The stock is down 27% on news of the final assay results from the 7 hole surface drill program and surface sampling at the Harry Property, and the 3 hole, first-ever, drill program at the Cantoo Property completed in 2023.
The stock is breaking below and gapping below a major support level. In fact, this break is confirming new all time record lows on the stock. To turn things around, the stock would need to close back above the $0.175 zone.
Neotech Metals (NTMC.CN)
Market Cap ~ $47 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 in British Columbia, Canada and 22 mining claims comprising the Thor REE Project, a mid-stage exploration property in the eastern Mojave Desert Region, approximately 119 kilometers south of Las Vegas.
The stock is down 15% on no news.
After a parabolic move… and likely a pump and dump, the stock failed to close the gap at $2.60 which led to more selling pressure. The stock is now testing the $1.00 zone and has been for a few days. There is a gap at $1.20 which bulls would want to see close for some upside momentum.
Minehub Technologies (MHUB.V)
Market Cap ~ $11 million
Minehub Technologies Inc. develops and operates block-chain technology platform for digital trade in the mining and metals supply chain and related enterprise solutions. The company’s MineHub platform connects the buyers, sellers, and financiers, which are involved in physical commodities transactions in a digitally integrated workflow.
The stock is down 15% on no news.
A big drop after a brief pop yesterday which failed to close above the current lower high. The stock could break below recent lows and this would print new all time record lows.
ALX Resources (AL.V)
Market Cap ~ $7.2 million
ALX Resources Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for cobalt, nickel, lithium, uranium, copper, and gold deposits.
The stock is down 14% on news it has received the results of an airborne Z-Axis Tipper electromagnetic (“ZTEM™”) survey flown in June 2023 at the Hook-Carter Uranium project.
The stock is in a range between $0.02 and $0.04. A break is needed above $0.04 to begin a new trend.
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