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
Ztest Electronics (ZTE.CN)
Market Cap ~ $4.7 million
ZTEST Electronics Inc., through its subsidiary, Permatech Electronics Corporation, designs, develops, and assembles printed circuit boards and other electronic equipment in Canada. The company serves customers in the medical, power, computer, telecommunication, wireless, industrial, and consumer electronics markets.
The stock is up 57% on no news.
We have a decent pattern set up here with the stock testing a major resistance gap level. Watch for a close above $0.20 to confirm a gap fill and more bullish momentum.
CanAlaska Uranium (CVV.V)
Market Cap ~ $106 million
CanAlaska Uranium Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties. It primarily explores for uranium, nickel, copper, gold, and diamond deposits. The company has an option agreement to acquire 80% interest in the Geikie project that comprises six new uranium targets totaling 33,897 hectares located in the Eastern Athabasca basin; and a 100% interest in the Marshall project located in the Athabasca Basin. It also holds interests in approximately 410,000 hectares of mining claims in the Athabasca basin located across the provinces of Saskatchewan, Manitoba, and Alberta in Canada.
The stock is up 51% on news that it has intersected 16.8 metres of 13.75% eU3O8 unconformity uranium at Pike Zone.
Keep an eye on this Company. Exciting discovery story potential and the market loves it. Look at the gap up price action. The stock could be about to confirm a breakout with a daily close confirmation today above the $0.70 zone.
Bitcoin Well (BTCW.V)
Market Cap ~ $31 million
Bitcoin Well Inc. acquires, owns, and operates cryptocurrency ATM machines in Canada. It provides online and in-person solutions to buy and sell bitcoin and other cryptocurrencies. The company also operates non-custodial Online Portal to buy, sell, and use bitcoin online.
The stock is up 39% on no news.
Any surprise on this one given that bitcoin is on a rip? The stock took out a major zone at $0.10 and a new uptrend has begun. Very nice market structure.
PlantFuel (FUEL.CN)
Market Cap ~ $1.44 million
PlantFuel Life Inc., a plant-based wellness company, provides health supplements, nutraceuticals, and plant protein-based products under the PlantFuel brand name in the United States.
The stock is bouncing from an important support zone and could see the momentum continue with this news. For a medium term/long term play, bulls would want to see the resistance at $0.195 be taken out. That would trigger a double bottom pattern.
Sandfire Resources (SFR.V)
Market Cap ~ $246 million
Sandfire Resources America Inc. engages in the acquisition, exploration, and development of resource properties in the United States and Canada. The company explores for copper, cobalt, zinc, lead, and silver deposits. Its flagship property is the Black Butte copper project that consists of approximately 7,684 acres of fee-simple lands and 4,541 acres in 239 Federal unpatented lode-mining claims located in central Montana, the United States.
The stock is up 33% on no news. Two days ago, the Company announced the positive ruling by the Montana Supreme Court which reversed a 2021 district court decision and instructed the District Judge to have the Montana Department of Environmental Quality (MT DEQ) to completely reinstate Tintina Montana Inc.’s Mine Operating Permit, of the Black Butte Copper Project.
A winner for readers. I spoke about the trendline break which was looking to trigger. Very strong momentum on the trendline breakout. A major resistance zone is being tested here.
Top 5 Losers
ME Therapeutics (METX.CN)
Market Cap ~ $111 million
ME Therapeutics Holdings Inc., a preclinical stage biotechnology company, engages in the development of cancer fighting drugs in the field of immuno-oncology.
The stock is down 25% on news of a non brokered private placement and corporate update.
The stock is pulling back after a major move yesterday. Also with low volume.
EDM Resources (EDM.V)
Market Cap ~ $4.4 million
EDM Resources Inc. engages in the exploration and evaluation of mineral properties in Canada. The company explores for zinc, lead, and gypsum mineral deposits. It owns 100% interest in the Scotia Mine and various other mineral resource prospects in Halifax in Nova Scotia.
The stock is down 20% on no news.
The stock is breaking down and printed new all time record lows. If bulls can force a close back above $0.13 by end of the day, they can nullify a record close candle.
Total Telcom (TTZ.V)
Market Cap ~ $9 million
Total Telcom Inc., through its subsidiary, ROM Communications Inc., develops and provides remote asset monitoring and tracking products and services for commercial, industrial, and consumer applications in North America. Its solutions enable companies and organizations to remotely monitor, track, and control their fixed and mobile assets with a web browser from any Internet enabled PC. The company offers web to wireless technology, as well as proprietary 2nd generation hardware and software under the TextAnywhere, ROM Controllers, ROMTraX, MotoTraX, TraX, DataTraX, WaterTraX, SiteTraX, CamTraX, and AlarmTraX brand names. Its modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines, and various inputs and outputs and interfaced by the user through the Internet.
The stock is down 15% on no news.
From a market structure perspective, this stock has gone from an uptrend to a new downtrend. This trend shift is also confirmed with a head and shoulders topping pattern. A close back above $0.40 will turn things around.
Northern Superior Resources (SUP.V)
Market Cap ~ $56 million
Northern Superior Resources Inc., an exploration stage junior mining company, engages in the identification, acquisition, evaluation, and exploration of gold properties in Ontario and Québec, Canada. The company also explores for silver and copper. It primary projects include 100% owned Ti-pa-haa-kaa-ning gold property that covering an area of 47,796 hectares located in northwestern Ontario; Croteau Est property situated in west-central Québec; Lac Surprise gold property located in west-central Québec; and the Wapistan mineral property located in Québec. In addition, it holds a 100% interest in the Metson Lake, Rapson Bay, and Thorne Lake properties; Chevrier Gold project located in Québec; October Gold property located in Ontario; Philibert property located in Québec; and Coppermine River property located in Nunavut.
The stock is down 13% on no news.
A big drop which is seeing the stock test key support at $0.36. a close below would see a drop down to $0.28.
NurExone Biologic (NRX.V)
Market Cap ~ $47 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 12% on no news.
The stock is pulling back after a breakout. Watch to see if bulls defend the $0.80 zone.
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