19 December 2024

Howe Street Reporter Title

Top 5 stock gainers and losers: LQWD.V, OILS.CN, IBT.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

LQWD Technologies (LQWD.V)

Market Cap ~ $13 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 45% on no news.

TSXV_DLY:LQWD Chart Image by Uncharted-FX

A very nice breakout with the close above $0.60 last week. This led to a runner and the stock is once again testing the $1.00 resistance zone it tested last week on Friday. A strong close above $1.00 would lead to a continuation.

Nextleaf Solutions (OILS.CN)

Market Cap ~ $21 million

Nextleaf Solutions Ltd., a cannabis extraction technology company, engages in the manufacture and distribution of cannabinoid vapes, oils, and softgels in Canada. The company is involved in the toll processing, such as extraction, distillation, and purification of CBD oils and THC cannabinoid ingredients, as well as engages in intellectual property licensing activities. It sells its products under Glacial Gold and High Plains brands through government distributors and authorized retailers.

The stock is up 31% on no news.

CSE:OILS Chart Image by Uncharted-FX

Another continuation move from last week as the stock broke above the $0.08 zone with a gap up. A higher low was confirmed and the stock continues its run higher. The next major resistance zone comes in around $0.18.

Black Mammoth Metals (BMM.V)

Market Cap ~ $2.9 million

Black Mammoth Metals Corporation, a natural resource company, engages in the acquisition and exploration of resource properties in the United States and Canada. Its holds 100% interest the Blanco Creek mineral property located in Central Idaho; and holds 100% interest in the Happy Cat Gold property covering an area of 1,113 hectares located in Lander County, Nevada.

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The stock is up 28% on no news.

TSXV_DLY:BMM Chart Image by Uncharted-FX

The stock is seeing big volume today when volume tends to be choppy. The stock is ranging between $0.21 and $0.07.

IBEX Technologies (IBT.V)

Market Cap ~ $35 million

IBEX Technologies Inc., through its subsidiaries, manufactures and markets enzymes for biomedical use in Canada, the United States, Germany, the United Kingdom, and internationally. It offers a portfolio of recombinant glycosaminoglycan lyases, including Heparinase I, Heparinase II, Heparinase III, Chondroitinase AC, and Chondroitinase B; collagen ELISAs for the study of synthesis and degradation of connective tissue components; collagen antibodies; and diamine oxidase liquid.

The stock is up 25% on news it has entered a binding acquisition for the Company to be sold at a price of $1.45 per share.

TSXV_DLY:IBT Chart Image by Uncharted-FX

A gap up and we have our resistance level at $1.45 which is the sale price.

Medicine Man Technologies (SHWZ.NEO)

Market Cap ~ $68 million

Schwazze is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. Medicine Man Technologies, Inc. was Schwazze’s former operating trade name.

The stock is up 26% on no news.

NEO:SHWZ Chart Image by Uncharted-FX

A trend shift has been confirmed. The stock has gone from a downtrend to a new uptrend with higher lows being formed. Resistance does come in around the $1.70 zone. A close above this level would lead to further momentum.

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Top 5 Losers

North Peak Resources (NPR.V)

Market Cap ~ $34 million

North Peak Resources Ltd. engages in the exploration and development of gold and silver properties in Canada. It holds interest in the Kenogami project located to the southwest of Kirkland Lake, Ontario.

The stock is down 36% on news that its 3,253-foot first exploration core hole (PM23-001) successfully drilled the conductive Mobile MT geophysical anomaly identified from summer 2023 surveys on its Prospect Mountain Property in Eureka, Nevada.

TSXV_DLY:NPR Chart Image by Uncharted-FX

The stock is breaking below the $1.50 support zone and is now near the major $1.00 zone. A break below this important level would lead to a drop down to $0.80.

Troy Minerals (TROY.CN)

Market Cap ~ $21 million

Troy Minerals Inc., a mineral exploration company, engages in the identification, acquisition, exploration, and evaluation of mineral properties. It holds an option to earn a 100% undivided interest in the Lake Owen property that consists of 91 mineral claims located in the southwest of Laramie, Wyoming; and 75% beneficial interest in the Green Gold property that consists of 12 mineral claims that covers an area of approximately 7,587 hectares located near Prince George, British Columbia. It also holds 100% interest in the Tick Tock property covering an area of approximately 1,065 hectares located within the prolific Golden Triangle region of British Columbia, Canada; and Lac Jaques property.

The stock is down 21% on no news.

CSE:TROY Chart Image by Uncharted-FX

The stock is rejecting the $0.50 zone and the strong selling pressure continues. $0.25 comes next.

Wellfield Technologies (WFLD.V)

Market Cap ~ $18 million

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Wellfield Technologies Inc., together with its subsidiaries, engages in the development of blockchain and decentralized financial services for institutions and consumers. It operates platforms that provides users to buy and sell cryptocurrencies. The company offers its products under the Seamless, Coinmama, and MoneyClip brands.

The stock is down 19% on no news.

TSXV_DLY:WFLD Chart Image by Uncharted-FX

The stock is in a downtrend and has printed new record lows. The stock will need to close back above the $0.14 zone in order to begin to reverse things.

NurExone Biologic (NRX.V)

Market Cap ~ $30 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 15% on no news.

TSXV_DLY:NRX Chart Image by Uncharted-FX

The stock is in its corrective phase after a major run. The stock can still print a higher low as long as it remains above the $0.35 breakout zone.

Sparq Systems (SPRQ.V)

Market Cap ~ $34 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 15% on no news.

TSXV_DLY:SPRQ Chart Image by Uncharted-FX

The stock is rejecting the $0.50 zone. This is the current all time record high. A close above this level gets the breakout. Support comes in at $0.30.


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