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
Nine Mile Metals (NINE.CN)
Market Cap ~ $10 million
Nine Mile Metals Ltd. engages in the acquisition, development, and exploration of mineral properties. The company holds interests in Black Point Property located in Eureka County, Nevada. It also holds interest in the Nine Mile Brook and the Canoe Landing Lake West mining projects located in New Brunswick, Canada.
The stock is up 30% on no news. Two days ago, the Company drilled 134 meters of mineralization in hole WD-24-02 at its initial Phase 1 drill program on its Wedge VMS Project in the world-famous Bathurst Mining Camp, New Brunswick.
I talked about this chart in a recent Top Stocks article. I highlighted the very good looking technical pattern on the chart. The retest saw buyers step in around the $0.09 zone. The stock is now making a move up to the $0.18 resistance.
Pulsar Helium (PLSR.V)
Market Cap ~ $126 million
Pulsar Helium Inc. engages in the acquisition, exploration, and development of helium properties in the United States and Greenland. Its flagship project is the Topaz Project covering an area of 3,132 acres and located in Lake County, Minnesota.
The stock is up 26% on no news.
The stock is in parabolic move. Just yesterday, the stock saw a pullback as profits were being taken. I highlighted that the gap at $1.00 is support. Buyers are indeed stepping in today.
Clip Money (CLIP.V)
Market Cap ~ $31 million
Clip Money Inc., a financial technology company, provides deposit network services to businesses and financial institutions in Canada and the United States. The company offers Clip Drop Platform, an end-to-end system that includes user registration, location services, bar code and RFID tracking of deposit bags, secure processing of deposits, and payment processing. Its platform enhances the transaction experience while accelerating business cash flows, improving management transparency, and reducing shrinkage.
The stock is up 22% on no news.
The stock printed record lows and is now bouncing from this zone. A potential engulfing candle can be formed here, but watch for a close above $0.225 for the current lower high to be taken out.
Argonaut Gold (AR.TO)
Market Cap ~ $264 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 up 21% on news of Q4 and year end financial results.
After printing record lows, the stock is now bouncing on the news. However, there is a resistance gap here. The stock needs to close above $0.35 to trigger a reversal.
XORTX Therapeutics (XRTX.V)
Market Cap ~ $23 million
XORTX Therapeutics Inc., a late stage clinical pharmaceutical company, engages in the development and commercialization of therapies to treat progressive kidney diseases, diabetes, insulin resistance, metabolic syndrome, diabetes, diabetic nephropathy, and infection. It develops XRx-008, a late clinical stage program therapy for autosomal dominant polycystic kidney disease; XRx-101, an uric acid lowering agent used to treat patients infected with the coronavirus COVID-19 infection and acute kidney injury (AKI) associated health consequences; and XRX-225, a program for treatment of type 2 diabetic nephropathy.
The stock is up 25% on no news. Two days ago, the Company announced a finalized $2.7 million private placement.
The stock is in breakout mode after the range resistance was taken out above $4.50. A major resistance zone is being broken today and the next resistance comes in around the $10.00 zone.
Top 5 Losers
Q2 Metals (QTWO.V)
Market Cap ~ $39 million
Q2 Metals Corp. operates as a mineral exploration company. It focuses on advancing exploration of its flagship Mia Lithium Property that covers 8,668-ha located in the Eeyou Istchee James Bay Territory of Quebec, Canada. The company also owns the Stellar Lithium Property with 77 claims totaling 3,972-ha located north of its Mia Lithium Property. In addition, it explores the prospective Big Hill and Titan gold projects covering approximately 110 square kilometers in the Talgai Goldfields of the broader Warwick-Texas District of Queensland, Australia.
The stock is down 15% on no news.
Just some profit taking at the $0.60 resistance zone. The stock remains in an uptrend as long as it stays above $0.25. A higher low is possible.
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 24% on no news.
The stock is retreating after testing the resistance zone at $0.40. It appears like another leg lower is coming with a drop below $0.23.
Aclara Resources (ARA.TO)
Market Cap ~ $60 million
Aclara Resources Inc., a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions regions of Chile; and 369,410 ha of mining rights in Brazil. The company also holds 100% interests in the Carina Module mining rights comprises 8,490 hectares of mining rights located in the State of Goiás in central Brazil.
The stock is down 11% on no news. Yesterday the Company announced its substantial contribution towards the preservation of native forests in the Biobio region and other areas in Chile.
The stock is dropping and a major support is coming at $0.355. A break here leads to a drop to $0.24.
Anonymous Intelligence (ANON.CN)
Market Cap ~ $1.37 million
Anonymous Intelligence Company Inc., together with its subsidiaries, provides artificial intelligence and privacy solutions in Canada. Its offers Limitless VPN, a tool that provides privacy and security solutions from third-party observers; ANON SDK, which enables secure monetization for applications; Turminal.ai, a software that provides users with image creation, programming, construction, and other tools; and Haller.ai, a software that provides AI solutions for enterprises.
The stock is down 30% on no news.
The stock is attempting a bottoming pattern but to no luck as of now. A close above $0.25 gets the breakout trigger.
Telescope Innovations (TELI.CN)
Market Cap ~ $20 million
Telescope Innovations Corp., a chemical technology company, develops manufacturing processes and tools for the pharmaceutical and chemical industry.
The stock is down 11% on no news.
Just a brief pullback here as the stock continues its uptrend. The stock is testing a support zone at $0.375.
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