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
Awale Resources (ARIC.V)
Market Cap ~ $15 million
Awalé Resources Limited engages in the identification and exploration of precious metal projects. The company primarily explores for gold and copper deposits. It holds interest in Bondoukou project that includes three permits covering 1,191.5 square kilometers in the northeast of Côte d’Ivoire; and Odienné project that includes four permits covering 1,600 square kilometers in the northwest Denguèlé Region of Côte d’Ivoire.
The stock is up 30.5% on news it has hit multiple shallow high grade intercepts including 2.4 g/t AuEq over 75 meters at the Odienne Project.
We have a very nice breakout here of the range above the $0.20 zone. Resistance comes in around the $0.30 zone.
Sona Nanotech (SONA.CN)
Market Cap ~ $49 million
Sona Nanotech Inc., a nanotechnology life sciences company, engages in developing various rapid diagnostic tests. Its products and services include COVID-19 Saliva Lateral Flow Assay, an immunochromatographic assay for the detection of the spike protein antigen from SARS-CoV-2 in saliva specimens from individuals, who are suspected of COVID-19; Gemini gold nanorods; and contract services.
The stock is up 16% on news the Company has submitted a provisional patent application with the United States Patent and Trademark Office (USPTO), for its proprietary photothermal light device.
The stock is continuing its uptrend after breaking out above $0.34. Another higher low is likely but the stock will need to take out recent highs.
ThreeD Capital (IDK.CN)
Market Cap ~ $38 million
ThreeD Capital Inc. is a venture capital firm specializing in seed/startup, early venture, and growth capital opportunistic investments. The firm seeks to invest in industrials, health care, information technology; software, biotechnology; renewable technology, AI/Machine learning, blockchain, nanotechnology, electric vehicles, internet of things, electronic sports, junior resources with an emphasis on the precious-metal and battery-metal sectors; artificial intelligence with a focus on disruptive data science technologies, machine learning, and neuro networks; and blockchain sectors with a focus on blockchain assets.
The stock is up 21% on no news.
Last week the stock confirmed a major breakout. Momentum continues and the stock is today testing a major resistance zone around $0.80.
Canopy Growth (WEED.TO)
Market Cap ~ $488 million
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company’s products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands.
The stock is up 29% on no news.
The stock is attempting to recover above the $5.00 zone which was support before. Today’s candle close will be important for this. A close above $5.00 will also take out the current lower high.
Nuvei Corporation (NVEI.TO)
Market Cap ~ $5.45 billion
Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company’s platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method. Its solutions comprise a fully integrated payments engine with global processing capabilities, a turnkey solution for frictionless payment experiences, and a broad suite of data-driven business intelligence tools and risk management services.
The stock is up 32% on news that the Company is evaluating offers to go private.
The stock is breaking out above the $36 zone and turning things around quickly as the stock looked likely to dump. A major gap could fill here… or this could be a buy the rumor sell the news situation.
Top 5 Losers
Global Atomic Corporation (GLO.TO)
Market Cap ~ $452 million
Global Atomic Corporation engages in the acquisition, exploration, and development of uranium properties in Niger. The company owns 100% interest in the Dasa deposit located in the Republic of Niger. It also processes electric arc furnace dust into zinc concentrates, which is sold to zinc smelters.
The stock is down 28% on news that the Company has reported that the Republic of Niger announced its intention to terminate its military cooperation agreement with the United States, which has a large military base in Niger.
A major gap down and the stock is now testing the key support zone around $2.25. The gap has to be filled for a reversal.
Robex Resources (RBX.V)
Market Cap ~ $165 million
Robex Resources Inc. operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.
The stock is down 29% on news of a corporate strategy update for Guinea and Mali.
A major breakdown here and the stock could confirm a candle close below $0.20. If so, the stock has a long way to fall to the $0.125.
Silverstock Metals (STK.CN)
Market Cap ~ $5 million
Silverstock Metals Inc. engages in the acquisition and exploration of mineral properties in Canada. The company focuses on gold and silver deposits. It holds an option to acquire 100% interest in the Gold Cutter Property located in the Kamloops Mining Division, British Columbia.
The stock is down 23% on no news.
Not much price action on this one, but there is some support here at $0.16. It appears as if buyers are stepping in as can be seen with today’s large wick thus far.
Core Assets Corp (CC.CN)
Market Cap ~ $14 million
Core Assets Corp. engages in the acquisition, exploration, development, and evaluation of mineral resource properties. It primarily explores for lead, zinc, copper, silver, and gold deposits. The company’s principal property comprises the Blue property covering an area of approximately 114,074 hectares located to the southwest of the town of Atlin, British Columbia.
The stock is down 21% on no news.
The stock is dropping to test a key support zone. A close below this zone leads to a drop down to the $0.065 zone.
NurExone Biologic (NRX.V)
Market Cap ~ $36 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 17% on no news.
The stock is contained within a triangle pattern after breaking out above the $35 zone. Watch for a break in either direction.
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