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
Braille Energy Systems (BES.V)
Market Cap ~ $14 million
Braille Energy Systems Inc. engages in the battery-manufacturing and energy storage business in Canada and internationally. The company offers automotive lithium-ion starting batteries, as well as distributes a full multi-level line of batteries and accessories. It designs, manufactures, and sells integrated back-up power systems for residential and industrial applications; stand-alone energy storage systems; complete residential home systems; and lithium battery modules under the ELECTRAFY name.
The stock is up 15% on no news.
A very interesting chart that was covered here on Equity Guru last week. Spoke about that breakout above the $0.06 range and the momentum continues. There was a brief pullback and now buyers are stepping in. Another higher low can be confirmed if we get a close above recent highs.
PharmaTher Holdings (PHRM.CN)
Market Cap ~ $24 million
PharmaTher Holdings Ltd., a specialty pharmaceutical company, develops and commercialize specialty pharmaceuticals exhibiting the adoption and permitting novel delivery methods to enhance patient outcomes. The company’s product pipeline includes KETARX, a hydrochloride injection for the treatment of Parkinson’s disease, Amyotrophic Lateral Sclerosis, complex regional pain and Rett syndrome, and anesthesia and procedural sedation, as well as Ischemia reperfusion injury. It also develops KETARX, a microneedle patch, for mental health, neurological, and pain disorders; and KETARX On-body pump for the maintenance of general anesthesia for diagnostic and surgical procedures. In addition, the company offers PHARMAPATCH, a microneedle patch technology solution, which includes hydrogel-forming and gelatin methacryloyl delivery system for the treatment of psychedelics and infectious diseases.
The stock is up 14% on no news.
The stock is in a flag pattern, and a breakout could be in play if we get a strong daily candle close today.
Pacific Ridge Exploration (PEX.V)
Market Cap ~ $15 million
Pacific Ridge Exploration Ltd., an exploration stage company, acquires and explores for resource properties in Canada and the United States. The company primarily explores for gold and copper. Its flagship project is the Kliyul copper-gold project covering an area of approximately 6,000 hectares located in the northern Quesnel terrane, British Columbia.
The stock is up 21% on no news.
The stock is gapping up over the $0.10 zone. A close above $0.12 is required to close over the current lower high.
Quimbaya Gold (QIM.CN)
Market Cap ~ $16 million
Quimbaya Gold Inc., together with its subsidiaries, engaged in the acquisition, exploration, and development of mineral properties in Colombia. It explores for gold and silver deposits. The company primarily holds interest in the Berrio project located in Antioquia.
The stock is up 31% on no news.
Potentially a higher low is about to form here. Watch for a strong close above the $0.64 zone to trigger this. Keep this chart on your radar.
Excellon Resources (EXN.TO)
Market Cap ~ $6.9 million
Excellon Resources Inc. engages in the acquisition, exploration, and advancement of mineral properties. It primarily explores for silver, lead, zinc, and gold deposits, as well as base metals. The company holds 100% interests in the Platosa property covering an area of approximately 11,000 hectares located in Durango State, Mexico; the Evolución property that covers an area of 31,280 hectares situated in the states of Durango and Zacatecas, Mexico; and the Silver City project totaling an area of 340 square kilometers in Saxony, Germany. It also holds 100% interests in the Kilgore project comprising 789 unpatented federal lode claims that covers an area of 6,788 hectares located in Clark County, eastern Idaho; and the Oakley project covering an area of 2,833 hectares in Oakley, Idaho.
The stock is up 40% on no news.
The stock has been basing for most of last year after a major drop. There are signs here that the stock could be ready to start a new trend. Potential higher low here however a candle close above $0.14 is required.
Top 5 Losers
Eupraxia Pharmaceuticals (EPRX.TO)
Market Cap ~ $112 million
Eupraxia Pharmaceuticals Inc., a clinical stage biotechnology company, engages in the discovery, development, and marketing of technologies in the biotechnology sector. The company’s lead product candidate is EP-104IAR, which is in a Phase II clinical trial for the treatment of unmet medical needs and for pain relief for knee osteoarthritis and eosinophilic esophagitis, as well as under development for treating canine osteoarthritis. Its products in development also include EP-201, an antibiotic for post-surgical site infections; and EP-105, an extended-release post-surgical anesthetic for post-surgical pain.
The stock is down 29% on news that it has priced its previously announced overnight marketed public offering of common shares of the Company. Pursuant to the Offering, Eupraxia will issue 7,317,000 Shares at a price of C$4.10 per Share for gross proceeds of C$30 million.
A major gap down on the financing and the stock is testing the $4.10 issuing price. This is near support so investors should watch to see if buyers jump in here.
First Lithium Minerals (FLM.CN)
Market Cap ~ $7.7 million
First Lithium Minerals Corp. operates as a mineral exploration and development company in northern Chile. It focuses on exploring for lithium and alkali metals at its 100% owned OCA lithium project comprising approximately 9,000 ha of mineral exploration concessions located in the salars of Ollague, Carcote, and Ascotan in the Antofagasta Region of northern Chile.
The stock is down 22% on no news.
An interesting chart as the stock formed an inverse head and shoulders pattern. $0.12 is major resistance and the stock has rejected this zone twice. The stock is pulling back but can still make a run to close above $0.12. As long as the stock remains above $0.07, the uptrend can continue.
American Aires (WIFI.CN)
Market Cap ~ $81 million
American Aires Inc., a nanotechnology company, engages in the research, development, and implementation of innovative technology solutions that restructure and transform electromagnetic field haze into biologically-compatible form in Canada. Its products include the Lifetune One, which reduce the effects of electromagnetic radiation emitted by data-transmitting electronics, such as cell phones, wireless earpieces, wireless headsets, laptops, monitors, baby monitors, Wi-Fi routers, and others; and the Lifetune Flex, a versatile and resilient solution for customizable protection.
The stock is down 19% on no news.
The stock is in an uptrend and today’s move is more of profit taking rather than the start of a new downtrend. Watch for support around $1.20.
STEP Energy Services (STEP.TO)
Market Cap ~ $261 million
STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States. It also provides fluid pumping services for coiled tubing operations and involved in standalone projects. The company engages in fracturing logistics, engineering, remote fracture monitoring, and laboratory services.
The stock is down 16% on news of Q4 and year end 2023 results.
The stock has gapped down on earnings so the market was expecting more. Support comes here at $3.40. Watch for a range to indicate buyers are stepping in. A good sign so far with the large wick.
GameSquare Holdings (GAME.V)
Market Cap ~ $26 million
GameSquare Holdings Inc. operates as a vertically integrated digital media, entertainment, and technology company with an audience of approximately 290 million followers. Its audience and platform enable global brands to connect with gaming and youth culture audiences. The company’s end-to-end platform includes Code Red Esports Ltd., an esports talent agency serving the U.K.; GCN, a digital media company focusing on the gaming and esports audience in Los Angeles, U.S.A.; Zoned, a gaming and lifestyle marketing agency in Los Angeles, U.S.A.; Complexity Gaming, a esports organization operating in the United States; Fourth Frame Studios, a multidisciplinary creative production studio; and Mission Supply, a merchandise and consumer products business; Frankly Media, programmatic advertising, Stream Hatchet, in live gaming and esports streaming analytics, and Sideqik a social influencer marketing platform.
The stock is down 13% on no news.
The stock continues to range as the sell off comes at the upper portion of resistance. A close above $2.80 is what triggers the breakout pattern.
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