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
Contact Gold (C.V)
Market Cap ~ $11 million
Contact Gold Corp., a gold exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It principally holds interests in the Green Springs Property that comprises 261 unpatented mining claims covering approximately 18 square kilometers located in White Pine County, Nevada; and the Pony Creek Property, which includes 792 unpatented mining claims covering approximately 82 square kilometers situated in Elko County, Nevada.
Not much to say technically as we know the buy out price comes in at $0.03. This is where the stock has gapped up to.
Quantum Emotion (QNC.V)
Market Cap ~ $14 million
Quantum eMotion Corp. engages in the development of cryptographic solutions based on quantum random number generators in Canada. It develops and markets encrypted data and communication solutions for financial, military, mobile, and internet telecommunication sectors.
The stock is up 42% on no news.
A very nice chart pattern with a bottoming pattern triggered. The next resistance comes in at $0.12. A break above this level will be major.
Sweet Earth Holdings (SE.CN)
Market Cap ~ $1.79 million
Sweet Earth Holdings Corporation cultivates, processes, and sells hemp cannabidiol (CBD) products in the United States and internationally. The company offers CBD and hemp infused facial products, including CBD hydration creams, oat and honey cleansers, and soothing CBD lip balms; and botanicals and essential oils, such as balancing CBD jasmine oils, soothing CBD bath salt soaks, invigorating CBD neem and turmeric scrubs, and aloe-infused CBD hand sanitizers for body and skin care.
The stock is up 40% on no news.
The stock attempted a breakout on Friday. It did not work as sellers forced a close below $0.40. Now the stock is finding buyers here at support.
XTM Inc (PAID.CN)
Market Cap ~ $37 million
XTM Inc., a fintech innovator, provides disseminating earned wages and gratuities access to service workers in the hospitality and personal care space. It offers Today Solution, a bespoke solution that consists of free mobile app and a visa or Mastercard debit card for restaurateurs and personal care services operators and their staff. In addition, it provides visa direct and Mastercard send, pre-authorized, direct deposit, and digital banking products.
The stock is up 24% on no news.
A very nice chart with very nice market structure. We have a new uptrend here with a breakout occurring at $0.12 and a higher low already confirmed. Watch for the uptrend to continue with a breakout above recent highs.
Pesorama Inc (PESO.V)
Market Cap ~ $17 million
PesoRama Inc. operates a chain of retail stores in Mexico. Its stores offer household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and other products. The company operates its stores under the JOi Dollar Plus brand name.
The stock is up 20% on no news.
The stock is bouncing within a channel. It needs a breakout to determine its next phase. Support does come in around the $0.14 zone.
Top 5 Losers
Argonaut Gold (AR.TO)
Market Cap ~ $201 million
Argonaut Gold Inc. engages in gold mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. Its primary assets include the El Castillo and San Agustin mines, which together form the El Castillo Complex located in Durango, Mexico; the La Colorada mine located in Sonora, Mexico; the Florida Canyon mine in Nevada, the United States; and the Cerro del Gallo project in Guanajuato, Mexico. The advanced exploration projects of the company include the San Antonio project in Baja California Sur, Mexico, the Cerro del Gallo project in the State of Guanajuato, Mexico, the Ana Paula project in the State of Guerrero, Mexico, and the Magino project in the Province of Ontario, Canada.
The stock is down 35% on news of a 2024 guidance and an operational update.
The stock is breaking down below a major support level and is printing new all time record lows. The stock will need to recover back above the $0.35 zone to turn things around.
Cerrado Gold (CERT.V)
Market Cap ~ $17 million
Cerrado Gold Inc. operates as a gold mining and exploration company in South America. The company primarily explores for gold and silver deposits. It owns 100% interests in the Minera Don Nicolas project covering an area of approximately 333,400 hectares located in Santa Cruz province, Argentina; Monte Do Carmo gold project that consists of 21 exploration permits covering an area of 82,541 hectares located in Tocantins, Brazil; and Minera Mariana, including the Las Calandrias and Los Cisnes projects located in Argentina.
The stock is down 22% on no news.
The stock is breaking down and continues its downtrend. It requires a close above the lower high at $0.31 to turn things around.
Blue Star Gold (BAU.V)
Market Cap ~ $19 million
Blue Star Gold Corp. engages in the acquiring, exploring, and evaluating mineral properties in Canada. Its flagship asset is the Ulu Gold Project that comprise the Ulu Mining Lease and the contiguous Hood River Property that covers an area of approximately 12,000 hectares located in the west Kitikmeot Region of Nunavut, Canada.
The stock is down 20% on no news.
The stock has dropped to a major support. Buyers will need to defend this $0.20 zone. A close below causes a major breakdown.
Ceapro (CZO.V)
Market Cap ~ $17 million
Ceapro Inc., a biotechnology company, engages in the development and marketing of health and wellness products and technology relating to plant extracts in the United States, Germany, China, Canada, and internationally. The company is involved in the development of proprietary extraction technologies and the application of these technologies to the production, development, and commercialization of active ingredients, such as oat beta glucan and avenanthramides, which are derived from oats and other renewable plant resources for healthcare and cosmetic industries.
The stock is down 15% on news that a leading independent proxy advisor Institutional Shareholder Services Inc. (“ISS”) recommended that Aeterna Zantaris and Ceapro securityholders vote FOR the all-stock merger of equals transaction.
Currently just a pullback in a possible new trend. We have had the breakout above $0.175 and the stock needs to form a higher low to confirm the new uptrend.
Appia Rare Earths and Uranium (API.CN)
Market Cap ~ $17 million
Appia Rare Earths & Uranium Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Brazil. It primarily explores for rare earth elements (REE), uranium, and gallium deposits. The company owns 100% interests in the Elliot Lake property comprising 61 mining claims covering an area of approximately 13,008 hectares located in northern Ontario; and the Alces Lake property covering an area of 38,522.43 contiguous hectares, as well as the Eastside property that covers an area of 4,933 hectares; the Loranger property comprising 26,409 hectares; the North Wollaston property covering an area of 16,682 hectares; and Other side property comprising 27,291 hectares located in the Athabasca Basin area, northern Saskatchewan. It also holds the right to acquire a 70% the Cachoeirinha (PCH) project consists of 22 claims covering approximately an area of 40,963.18 hectares located in the Tocantins Structural Province in the Brasília Fold Belt, the Goiás State of Brazil.
The stock is down 16% on news of reporting high grade total rare earth oxide results from its project in Brazil.
We can say that this is an important support zone for the stock. A close below would set us up to test the $0.06 zone again.
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