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
Go Metals (GOCO.CN)
Market Cap ~ $3.1 million
Go Metals Corp., an exploration stage company, engages in the acquisition and exploration of mining properties in Canada. The company explores for nickel, copper, cobalt, gold, and PGE deposits. Its flagship project is the HSP property that consists of approximately 400 square kilometer land package located in north of Havre-Saint Pierre, Quebec, including Clyde and 98 properties.
The stock is up 60% on no news.
The stock is basing and it looks like the range is about to break. The stock had a nice close above $0.08 and $0.16 looks next.
Optiva (OPT.TO)
Market Cap ~ $57 million
Optiva Inc. provides cloud-native monetization and revenue management software to communication service providers (CSP) in Europe, the Middle East, Africa, North America, Latin America, the Caribbean, Asia, and the Pacific Rim. The company’s monetization products enable real-time charging, rating, billing, product catalog, policy management, and customer care for any digital services of a CSP.
The stock is up 36% on no news.
Now that is a good looking reversal chart. We had a double bottom chart and a higher low confirmed in the new uptrend. Support comes in at $6.00 and I would watch to see how the stock reacts around $10.00.
Charbone Hydrogen (CH.V)
Market Cap ~ $7 million
CHARBONE Hydrogen Corporation delivers hydropower solutions from small-scale hydroelectric power generation plants to green hydrogen production facilities. It also produces hydrogen for agriculture, paper, plastics, and metal treatment industries, as well as transportation and energy.
The stock is up 25% on news that the Company has finalized arrangements with the city of Sorel-Tracy to kick off its green hydrogen project.
The stock is in a range with resistance coming in at $0.10. There is support at $0.06 and the stock can keep the upwards momentum intact as long as it remains above this level.
Osino Resources (OSI.V)
Market Cap ~ $297 million
Osino Resources Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold mining properties in Namibia. Its flagship project is the Twin Hills project that consists of 11 licenses covering 153,206 hectares located in Central Namibia; holds 100% interest in the Ondundu gold exploration property covering 19,969 hectares located in Namibia; and Otjikoto East gold project that consists of one license covering approximately 38,114 hectares located in Northern Namibia.
The stock is up 24% on news it has received a proposal from a foreign-based mining company for the acquisition of all of the issued and outstanding common shares of the Company for cash consideration of C$1.90 for each Common Share.
The stock has gapped up on this news and now, there is a special meeting of security holders which is currently held for March 1st 2024. Resistance comes in at $1.90.
Libero Copper and Gold (LBC.V)
Market Cap ~ $16 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.
The stock is up 18% on no news.
This stock has been trending for a few days and the chart definitely shows very promising price action. The major $0.50 zone is being tested. If the stock can confirm a close above this level, we have a breakout and you can argue, the trigger of a reversal pattern.
Top 5 Losers
Eguana Technologies (EGT.V)
Market Cap ~ $6.7 million
Eguana Technologies Inc. designs and manufactures residential and commercial energy storage systems for fuel cell, photovoltaic, and battery applications in Canada, Asia, Australia, Europe, and the United States. The company provides its products under the Enduro, Evolve, and Elevate brand names.
The stock is down 40% on no news.
The stock has printed new all time record lows. To turn things around, the stock will need a close back above $0.03.
Kraken Energy (UUSA.CN)
Market Cap ~ $5.9 million
Kraken Energy Corp. engages in the acquisition and exploration of mineral properties in North America. The company primarily explores for uranium deposits. Its 100% owned flagship project is the Apex Uranium Property covering an area of approximately 3,906 hectares located in Lander County, Nevada.
The stock is down 19% on no news.
The stock is printing new all time record lows. For a recovery, taking back $0.20 would be a start. Otherwise, watch for the stock to range to indicate the exhaustion of selling pressure.
GMV Minerals (GMV.V)
Market Cap ~ $10.7 million
GMV Minerals Inc., an exploration stage company, engages in the sourcing and exploration of mineral properties in the United States. It primarily explores for gold and lithium deposits. The company holds a 100% interest in the Mexican Hat Gold Project that consists of 42 unpatented lode mining claims covering an area of approximately 4,800 acres located in Cochise County, Arizona. It also holds interest in the Daisy Creek Lithium project, consisting of eighty-two lode claims covering an area of 18 square miles and located in Lander County, north-central Nevada.
The stock is down 16% on no news.
The stock has been in an uptrend with higher lows and higher highs. It just closed below $0.18 which nullified this uptrend.
Earthworks Industries (EWK.V)
Market Cap ~ $33 million
Earthworks Industries Inc., a development stage company, focuses on providing waste disposal services in the United States and Canada. It owns and operates a waste handling facility on 443 acres of the Cortina Integrated Waste Management (CIWM) Project in Colusa County California.
The stock is down 14% on no news.
The stock rejected near the $0.50 zone and is tumbling. A major support zone is being tested here around the $0.30 zone. A close below would see a breakdown and a move towards the $0.22 zone.
Newport Exploration (NWX.V)
Market Cap ~ $19 million
Newport Exploration Ltd., a natural resource company, engages in the acquisition and exploration of resource properties. The company holds a 100% interest in the Chu Chua copper-gold project located to the north of Kamloops, British Columbia, Canada. It also holds a 2.5% gross overriding royalty interest on oil and gas permits in the Cooper Basin in Queensland, Australia.
The stock is down 12% on no news.
The stock attempted to regain the broken support level at $0.22. Sellers stepped in and with volume as seen by the large wick. If the stock breaks below recent lows, it can make a move towards $0.12.
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