19 December 2024

Howe Street Reporter Title

Top 5 stock gainers and losers: BITK.V, MESC.CN, CRP.TO


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

Aero Energy (AERO.V)

Aero Energy is exploring the next generation of clean energy within the prestigious Athabasca Basin, in Saskatchewan, Canada.

The stock is up 29% on no news, but yesterday the Company announced a private placement of $5 million.

TSXV_DLY:AERO Chart Image by Uncharted-FX

A new uptrend is in motion. The stock has already printed two higher lows. A third could be in development with a close above $0.24.

Lophos Holdings (MESC.CN)

Market Cap ~ $11 million

Lophos Holdings Inc., through its subsidiary, Lophos Pharmaceuticals Corp. focuses on the cultivation and research of peyote cactus. It researches and sells compounds within the peyote cactus, including mescaline for drug development.

The stock is up 25% on news of the finalization of a pioneering research protocol, aimed at identifying the optimal soil conditions for fostering the growth of Lophophora williamsii seedlings.

CSE:MESC Chart Image by Uncharted-FX

The stock appears to have printed a bottoming pattern known as the double bottom pattern. The breakout above $0.08 was the trigger. As long as the stock holds above this level, the new uptrend remains intact.

Blockchaink2 Corp (BITK.V)

Market Cap ~ $6 million

BlockchainK2 Corp. engages in investing in blockchain technology solutions for capital markets and other sectors. The company operates Amplify gaming platform, a blockchain-powered service that manages the sales and promotion of video games; and iRecover Coin App to implement the findings and principles of behaviorism, social neurodevelopment, and behavioral economics in a blockchain-based application to support individuals recovering from addiction. It also sells health and beauty products in independent stores, including resorts, spas, pharmacies, salons, hotel chains, and department stores in the United States.

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The stock is up 21% on no news.

TSXV_DLY:BITK Chart Image by Uncharted-FX

It looks like a basing pattern has been completed and the stock is ready to begin a new uptrend. As long as the stock remains above the $0.22 zone, the uptrend is intact. Watch for a retest and/or a higher low to confirm the new trend.

Ceres Global AG (CRP.TO)

Market Cap ~ $84 million

Ceres Global Ag Corp. engages in the procurement and provision of agricultural commodities and value-added products, industrial products, fertilizers, energy products, and supply chain logistics and storage services worldwide. The company operates through Grain, Supply Chain Services, and Seed and Processing segments. The Grain segment engages in the procurement, storage, handling, trading, and merchandising of specialty grains and oilseeds, such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses through its facilities in Minnesota, Manitoba, Saskatchewan, and Ontario.

The stock is up 21% on news that the Company has reported its second best six month start in Company history.

TSX_DLY:CRP Chart Image by Uncharted-FX

The stock has had a nice gap up and the next resistance comes in at $3.00. Very positive news as well so the stock should see strong momentum on fundamentals. Perhaps enough for the breakout.

Gold Flora (GRAM.NEO)

Market Cap ~ $144 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 20% on no news.

NEO:GRAM Chart Image by Uncharted-FX

The stock is in the process of forming another higher low in an uptrend after a parabolic move. The $0.50 zone is being tested. A daily candle close above this zone would be very bullish.

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Top 5 Losers

Reyna Silver (RSLV.V)

Market Cap ~ $17 million

Reyna Silver Corp. operates as a silver exploration company in Mexico and the United States. The company explores in silver and gold properties. Its flagship property includes 100% owned Guigui Property, which consists of 7 concessions covering an area of 4,553.7034 hectares located in Chihuahua, Mexico.

The stock is down 17% on news of a $2 million private placement.

TSXV_DLY:RSLV Chart Image by Uncharted-FX

The close below the $0.14 support was a sign. The stock is now gapping down on the news. New all time record lows are being printed. A close back above the $0.14 zone turns things around.

Barksdale Resources (BRO.V)

Market Cap ~ $19 million

Barksdale Resources Corp. engages in the acquisition and exploration of precious and base metal mineral properties in the United States and Mexico. It primarily explores for copper, zinc, lead, silver, and gold ores. The company’s primary asset is the Sunnyside property comprising of 286 unpatented mining claims covering approximately 5,223.71 acres located in the Patagonia Mountains of southern Arizona. It also holds interest in the San Antonio, the Four Metals, the Canelo, and the Goat Canyon projects located in Santa Cruz County, Arizona; and the San Javier property located in central Sonora, Mexico.

The stock is down 16% on no news.

TSXV_DLY:BRO Chart Image by Uncharted-FX

The stock is dropping and is breaking below key levels of support. The next major support level comes in around the $0.205 zone.

Headwater Gold (HWG.CN)

Market Cap ~ $9.6 million

Headwater Gold Inc. engages in the acquisition and exploration of precious metal properties in the United States. The company primarily explores for gold. It holds interests in a portfolio of mineral properties located in the states of Idaho, Nevada, and Oregon.

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The stock is down 13% on no news.

CSE:HWG Chart Image by Uncharted-FX

The downtrend is continuing. The next support comes in around the $0.12 zone. This is where bulls should watch for a possible range to develop to indicate selling pressure exhaustion.

Allegiant Gold (AUAU.V)

Market Cap ~ $11 million

Allegiant Gold Ltd. engages in the exploration and evaluation of resource properties in the United States. It primarily explores for gold and silver. The company‘s flagship properties is Eastside project consists of 80 square kilometers claim area located in town of Tonopah, Nevada.

The stock is down 12% on no news.

TSXV_DLY:AUAU Chart Image by Uncharted-FX

A drop within a range. The stock did breakout recently but saw no momentum. $0.10 must hold for this range to continue.

Sonoro Energy (SNV.V)

Market Cap ~ $23 million

Sonoro Energy Ltd. explores for, appraises, develops, and produces oil and gas resources in Southeast Asia. The company holds a 25% interest in the Selat Panjang Production Sharing Contract covering an area of approximately 940 square kilometers located in Riau province, Central Sumatra.

The stock is down 12% on no news.

TSXV_DLY:SNV Chart Image by Uncharted-FX

You can clearly see the support and resistance zones for this stock. It is ranging between two levels here and is testing a key support zone. Oil is testing a key resistance zone as well so a further drop may lead to a breakdown on Sonoro Energy. An oil breakout would see bulls hold this support.


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