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

Generation Uranium (GEN.V)

Market Cap ~ $2.3 million

Generation Uranium Inc. engages in the exploration and development of mineral properties. It has an option agreement to acquire a 60% interest in the Arlington property that comprises five mineral claims located in the Arrow Boundary District of south-central British Columbia, Canada; and holds a 100% interest in the YATH Uranium Property comprises five mineral claims that totaling approximately 8,438 hectares located in the territory of Nunavut.

The stock is up 100% on no news.

Not much price action that we can work with but a close above $0.14 would set the stock up to test and potentially break above all time highs.

LQWD Technologies (LQWD.V)

Market Cap ~ $14 million

LQWD Technologies Corp., a technology applications company, focuses on lightning network products in Canada. The company operates coincurve.com and buybitcoincanada.com, a virtual currency platform. It also provides infrastructure to facilitate payments under the Lightning Network name. In addition, the company focuses and develops various web-based platforms.

The stock is up 75% on no news. 

The stock is breaking above the $0.60 resistance zone and is likely about to confirm a cup and handle reversal pattern. The next major resistance comes in at $1.00.

HYTN Innovations (HYTN.CN)

Market Cap ~ $10 million

HYTN Innovations Inc. engages in the sale and supply of cannabis products in Canada. The company offers edible cannabis, cannabis beverages, and cannabis flowers. Its products include sparkling cannabis-infused beverages in various flavors comprising rosewater lemonade, watermelon mint, lemongrass ginger, and blood orange products; and cannabis-infused nano gummies.

The stock is up 29% on news of a non-brokered private placement of up to 13,333,334 units at a price of $0.075 per Unit, for aggregate gross proceeds of up to $1,000,000.05.

A chart showing basing. Even a nice looking inverse head and shoulders pattern. Watch for a close above $0.15 for a pattern breakout and a new uptrend.

Quimbaya Gold (QIM.CN)

Market Cap ~ $8.9 million

Quimbaya Gold Inc., together with its subsidiaries, engaged in the acquisition, exploration, and development of mineral properties in Colombia. It explores for gold and silver deposits.

The stock is up 28% on no news.

The stock broke down below support at $0.36 but it now pulling back. A close back above $0.36 is required to turn things around. A retest could see sellers jump back in.

Good Gamer Entertainment (GOOD.V)

Market Cap ~ $3.8 million

Good Gamer Entertainment Inc. operates as a e-sports, skills-based, and real-money gaming tournament management platform in Canada and the United States. The company operates through Display Advertisements, Non-Fungible Tokens (NFTs); Search Monetization; Chrome Extensions; Corporate and Development; Tournament Management Platform (TMP); PlayCash; and Fantasy app segments. It operates an online esports skills-based real-money gaming tournament management platform allows game developers to enhance unity-based mobile games, enabling real money social competition in their games and allowing the game developers to host casual esports tournaments for mobile players to win real money prizes.

The stock is up 500% on no news.

A good pop here with the $0.10 resistance cone being tested. Watch for a close above for further momentum.

Top 5 Losers

NurExone Biologic (NRX.V)

Market Cap ~ $36 million

NurExone Biologic Inc., a pharmaceutical technology company. It engages in the development of an off-the-shelf, non-invasive, and novel treatment for the reversal or reduction of paralysis following spinal cord injury using membrane-bound extracellular vesicles technology, as well as to treat brain trauma injury, and other brain and neurological indications.

The stock is down 21% on no news.

This is clearly some profit taking after a parabolic move. There is some resistance here at $0.85 so the stock could pullback some more. However, it will find buyers as long as the price remains above the $0.35 breakout zone.

Sparq Systems (SPRQ.V)

Market Cap ~ $35 million

SPARQ Systems Inc. designs, manufactures, and sells single-phase microinverters for residential and commercial solar electric applications. The company offers Quad inverters, a proprietary photovoltaic solution.

The stock is down 16% on no news. Yesterday, the Company announced the signing of a manufacturing and supply agreement with Jio Things Limited, a leading technology player in India and a subsidiary of Jio Platforms Limited India’s largest digital services player, dated February 7, 2024, whereby the parties will collaborate to develop, manufacture and distribute microinverters in India, and incorporate Sparq’s microinverters into Jio Things’ solutions globally.

Profit taking at a major resistance zone which is also the all time highs. The stock has gapped up and therefore can have the momentum to find buyers and breakout into new highs.

Cybin (CYBN.NEO)

Market Cap ~ $176 million

Cybin Inc., a clinical-stage biopharmaceutical company, focuses on developing psychedelic-based therapeutics. The company’s development pipeline includes CYB003, a deuterated psilocybin analog, which is in Phase 1/2a clinical trial to treat major depressive and alcohol use disorders; CYB004, a deuterated dimethyltryptamine, which is in Phase 1 clinical trial for treating generalized anxiety disorders; and CYB005, a phenethylamine derivative, which in preclinical stage to treat neuroinflammation.

The stock is down 13% on no news.

The stock is battling at a major support zone at $0.375. The bulls tried to hammer in a bottom yesterday with a nice engulfing candle. The sellers are stepping back in. A close above $0.50 would be required for a trend reversal.

Zacatecas Silver (ZAC.V)

Market Cap ~ $13 million

Zacatecas Silver Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Mexico. The company explores for silver and gold resources. It owns 100% interests in the Zacatecas project that consists of 149 mining concessions covering an area of 7,826.3 hectares located in the Zacatecas State, Mexico; and the Esperanza project that consists of 7 mining concessions covering an area of 4,649 hectares located in the Morelos State, Mexico.

The stock is down 12.5% on no news.

The stock is showing signs of a reversal pattern structure. An inverse head and shoulders could be developing. The stock must hold above $0.125 to keep the potential of this reversal pattern alive.

Libero Copper and Gold (LBC.V)

Market Cap ~ $6.6 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 11% on news that a share consolidation will become effective at the opening of the market on February 13, 2024. 

Another decent looking reversal pattern to keep tabs on. Watch for a close above $0.05 to trigger a new uptrend.