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
Excellon Resources (EXN.TO)
Market Cap ~ $8.6 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 34% on no news.
Breakout warning. This is looking very promising from a market structure viewpoint. Watch for a confirmed close above the $0.14 zone and we have a range breakout.
Rush Rare Metals (RSH.CN)
Market Cap ~ $5.2 million
Rush Rare Metals Corp., a mineral exploration company, explores for rare earth elements and uranium deposits. The company focuses on its Boxi Property located in Québec, Canada. It also owns the Copper Mountain Uranium Project comprises 52 mineral claims covering approximately 780 acres located in Wyoming, the United States.
The stock is up 33% on no news.
After a recent breakout, the stock pulled back to retest the $0.11 zone. Now we could be making a run to form new all time record highs. Watch for a close above the $0.145 zone.
Nexe Innovations (NEXE.V)
Market Cap ~ $33 million
NEXE Innovations Inc. engages in the manufacture and sale of plant-based single-serve coffee pods for use in single-serve coffee machines in Canada.
The stock is up 24% on no news.
A very nice trend shift. We have an inverse head and shoulders pattern which is triggering with this close above $0.275. This looks extremely bullish.
Lithium Americas Corp (LAC.TO)
Market Cap ~ $1.38 billion
Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada.
The stock is up 11% on news that the Company has been conditionally granted by the US Department of Energy a loan of $2.26 billion to finance the construction of processing facilities at its Thacker Pass project in Nevada.
Another nice looking inverse head and shoulders pattern. A nice gap up and close above $8.00 with resistance here around $10.00. For a continuation, the next zone comes in at $14.00.
Western Exploration (WEX.V)
Market Cap ~ $34 million
Western Exploration Inc. engages in the exploration and development of gold and silver deposits in North America. Its principal asset is the Aura gold silver project comprising of 709 unpatented lode mining claims covering 12,848 acres located in Elko County, Nevada.
The stock is up 18% on no news.
Another inverse head and shoulders pattern here. The major $1.00 zone is coming in to play. Watch for a confirmed daily close above this level to confirm a major break.
Top 5 Losers
Eloro Resources (ELO.TO)
Market Cap ~ $98 million
Eloro Resources Ltd. engages in the exploration and development of mineral properties. It explores for gold, silver, iron ore, zinc, tin, lead, and lithium deposits. The company primarily holds interest in the Iska Iska project, a polymetallic property that covering an area of approximately 900 hectares located in Bolivia; and 82% interest in the La Victoria gold and silver project that covering an area of 8,933 hectares located in the North-Central Mineral Belt of Peru.
The stock is down 16% on news of a non-brokered prospectus exempt offering of up to 3,300,000 units of the Company at a price of C$1.20 per Unit for gross proceeds of up to C$3,960,000.
The stock gapped down and is now below $1.40. A break below recent lows will take the stock to the $1.00 zone.
American Aires (WIFI.CN)
Market Cap ~ $57 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 22% on no news.
A major pullback as profits are being taken after a major move higher. The $1.00 is a psychological support level which is being tested. A higher low is still possible to continue this uptrend.
Cryptobox Technologies (BLOX.CN)
Market Cap ~ $36 million
Cryptoblox Technologies Inc. focuses on developing and implementing blockchain products and services for use in financial services, battery technology and electric vehicle, phone and computer applications, and cryptocurrency sectors. It provides services for application programming interface with regards to operator look-up, customer look-up, IP information, and customer friendly user experience.
The stock is down 15% on no news.
Profits are being taken and the stock is dropping to retest the $0.24 breakout zone. Watch to see if buyers will step in to continue this uptrend.
Tidewater Midstream (TWM.TO)
Market Cap ~ $321 million
Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in North America. The company primarily focuses on natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable space. It also engages in the sale of refined petroleum products, including gasoline, low sulphur diesel, and ancillary products, as well as renewable fuels and natural gas; gathering, processing, and transporting natural gas and NGLs; and NGL extraction and marketing.
The stock is down 13% on news of Q4 2023 results.
The stock is breaking down below recent lows. A confirmed close sets up a down lower to $0.60.
Apollo Silver (APGO.V)
Market Cap ~ $23 million
Apollo Silver Corp. engages in the exploration and development of silver properties in the United States. The company holds interests in the Waterloo property that includes 27 fee simple land parcels covering an area of 1,352 acres and 21 unpatented lode mining claims covering an area of 418 acres; and the Langtry property that consist of 20 patented claims covering an area of 413 acres and 38 unpatented lode mining claims covering an area of 767 acres located in the Mojave Desert of San Bernardino county, California. It also holds interest in the Arizona Silver District project that includes three patented claims, 85 unpatented lode mining claims, 23 unpatented mill, and a state exploration lease in approximately 2,000 acres located in the La Paz county, Arizona.
The stock is down 13% on no news.
The stock is showing signs of a broad cup and handle pattern but requires a break above the $0.17 zone.
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