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
Biorem (BRM.V)
Market Cap ~ $29 million
BioRem Inc., a clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). It offers biofilters for the removal of odors, H2S, VOCs, and HAPs; and biotrickling filters for applications of high levels of H2S or other water-soluble VOCs. The company also provides multi-stage systems to remove odors from various municipal/urban wastewater treatment processes; biogas desulfurization systems; dry scrubber adsorption systems; and cannabis odor control systems. In addition, it offers biological processes and testing services; media sampling and analysis; system review and inspections; and media replacements and spare parts.
The stock is up 29% on news of 2023 financial results.
The uptrend continues with another higher low likely being confirmed with today’s daily close. I say likely because we have a lot of time left in the trading day and the stock could potentially fall under $1.60. Some sellers stepping in at $1.90. I would say $2.00 is the major resistance to watch.
Sernova Corp (SVA.TO)
Market Cap ~ $147 million
Sernova Corp. operates as a clinical-stage regenerative medicine therapeutics company in Canada. The company focuses on the development and commercialization of regenerative medicine therapeutics, including its proprietary Cell Pouch and associated technologies consisting of therapeutic cells and local cellular immune protection. Its Cell Pouch is a novel implantable and scalable medical device which forms a natural environment in the body for the housing and long-term survival and function of therapeutic cells, which release necessary proteins or factors missing from the body to treat chronic diseases as an alternative to daily administration of drugs. Sernova Corp. has a research agreement with the University of Miami to advance the development of Conformal Coating Technology in combination with therapeutic cells within Cell Pouch.
The stock is up 21% on no news.
We have a pop in a downtrend which points to a corrective move just for now. No trend shift yet until the stock can strongly reclaim the $0.52 zone.
PharmaTher Holdings (PHRM.CN)
Market Cap ~ $21 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 20% on no news.
The stock is testing a key support and buyers are jumping in. Watch to see if an engulfing candle can form here for a prolonged move higher.
Legend Power Systems (LPS.V)
Market Cap ~ $26 million
Legend Power Systems Inc., together with its subsidiaries, operates as an electrical energy conservation company in Canada and the United States. It assembles, markets, and sells SmartGATE, a patented device that enables dynamic power management of commercial or industrial Buildings.
The stock is up 21% on no news.
A positive chart in terms of technicals. The downtrend has clearly broken. However, bulls would want to see one higher low to confirm the new trend. This means watch for a correction before taking out the recent highs.
Juggernaut Exploration (JUGR.V)
Market Cap ~ $9.5 million
Juggernaut Exploration Ltd. engages in the acquiring, exploring, and evaluating mineral resource properties in Canada. It primarily explores for gold, silver, platinum, platinum group elements, copper, lead, and zinc and other base metals, as well as sand, gravel, graphite, barite, and other industrial minerals and materials. The company has an option to acquire 100% interest in the Midas property located in the Skeena Mining District, British Columbia; and the Empire property covering an area of approximately 9,852 hectares located in the Omineca Mining District, British Columbia.
The stock is up 20% on no news.
One to watch here for the bulls. We have a double bottom pattern here and a candle about to fill the gap. If the daily close confirms a close above $0.12, you will get strong momentum on the gap fill. Keep this on the radar.
Top 5 Losers
Camino Minerals (COR.V)
Market Cap ~ $14 million
Camino Minerals Corporation, an exploration stage company, engages in the exploration and development of mineral properties primarily in Peru. The company explores for copper, gold, and silver deposits. It owns 100% interests in the Plata Dorada project, which consists of 6 claims totaling an area of 2,100 hectares located in the Department of Cuzco, Peru; the Maria Cecilia project covering an area of approximately 7,110 hectares located in the Cordillera Negra Mountain; and the Los Chapitos property comprises 12 claims that covers an area of 6,000 hectares located in department of Arequipa, Peru.
The stock is down 30% on news of exploration results from step-out drilling at its Los Chapitos copper property.
A big corrective move but we still have an uptrend in play. Watch for support at the $0.055 zone.
Steer Technologies (STER.V)
Market Cap ~ $43 million
Steer Technologies Inc. operates an integrated ESG technology platform that offers subscription and on-demand services. The company provides STEER EV, a subscription-based offering led by its flagship electric vehicle subscription business and electric vehicle long-term ownership or rental; and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service, food delivery service, and rideshare businesses. It operates in the United States and Canada.
The stock is down 17% on no news.
The stock recently broke back above the $0.30 zone. Now, the stock is pulling back and bulls should watch for a retest of this level.
Showcase Minerals (SHOW.CN)
Market Cap ~ $16.4 million
Showcase Minerals Inc. engages in the identification, acquisition, exploration, and development of mineral projects. The company primarily explores for gold and vanadium deposits. It owns interests in the Dixie Flats which consist of 180 unpatented lode claims covering approximately 1311 hectares; the North Star which consist of 56 unpatented lode claims covering 360 hectares; and Woodruff claims which consist of 18 unpatented lode claims covering approximately 147 hectares located in Elko County, Nevada.
The stock is down 17% on no news.
The stock is dropping and breaking below a range. The stock did recently close below $1.00 which was also a major bearish sign. Support now comes at the $0.50 zone.
Blockchain2 Corp (BITK.V)
Market Cap ~ $10 million
BlockchainK2 Corp. engages in investing in blockchain technology solutions for capital markets and other sectors. The company operates Amplify gaming platform, a blockchain-powered service that manages the sales and promotion of video games; and iRecover Coin App to implement the findings and principles of behaviorism, social neurodevelopment, and behavioral economics in a blockchain-based application to support individuals recovering from addiction. It also sells health and beauty products in independent stores, including resorts, spas, pharmacies, salons, hotel chains, and department stores in the United States.
The stock is down 17% on no news.
A double topping pattern? The stock is testing a gap zone and it could be filled with a close below $0.375. A close below would lead to a move to the $0.28 zone.
Hypercharge Networks (HC.V)
Market Cap ~ $15 million
Hypercharge Networks Corp. supplies electric vehicle (EV) charging stations and solutions light and medium duty in Canada and the United States. The company provides turnkey EV charging solutions for light and medium duty EVs through a managed charging network of EV charging stations. It serves multi-unit residential buildings; commercial locations, such as retail, workplace, hospitality, parking, municipal; and fleet operators.
The stock is down 15% on no news.
After printing new all time record highs, the stock is now looking to confirm a false breakout. Watch for a close below $0.24 for this to be confirmed.
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