19 December 2024

Howe Street Reporter Title

Top 5 Gainers and Losers: PM.CN, TCF.CN, VG.V


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

Koryx Copper (KRY.V)

Market Cap ~ $41 million

Koryx Copper Inc., a development stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, Namibia, and Zambia. It primarily explores for copper deposits. The company holds a 100% interest in the Haib project located in the south of Namibia. It also holds interest in the Zambia Copper property in Zambia.

The stock is up 38% on news of a fully committed $2 million non-brokered private placement at up to $0.12 and share consolidation. 

TSXV_DLY:KRY Chart Image by Uncharted-FX

An amazing pop here on the news and share consolidation. The next resistance zone comes in at the psychological $0.25 zone. The higher low comes in at $0.13.

Western Alaska Minerals (WAM.V)

Market Cap ~ $48 million

Western Alaska Minerals Corp. engages in the acquiring, exploring, and developing mineral properties in the United States. The company primarily explores for gold, silver, molybdenum, copper, lead, and zinc deposits. It holds a 100% interest in the Round Top Property that consists of 92 state mineral claims located in the Mount McKinley and Nulato mining districts of Alaska; the Honker Property that consists of 24 state mineral claims located in the Mount McKinley mining district of Alaska; and the Illinois Creek Mine Project covering a total area of approximately 73,000 acres located in Alaska.

The stock is up 26% on no news.

TSXV_DLY:WAM Chart Image by Uncharted-FX

The stock is about to test a critical resistance zone at $0.90. Watch for a breakout trigger. There is also the major psychological zone at $1.00.

CVW CleanTech (CVW.V)

Market Cap ~ $93 million

CVW CleanTech Inc. develops technologies for the recovery of bitumen, solvents, minerals, and water from oil sands. It develops Creating Value from Waste technology.

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The stock is up 12% on no news.

TSXV_DLY:CVW Chart Image by Uncharted-FX

The downtrend here looks like it is ready to reverse. We may have a double bottom pattern here, but we need a close above the $0.85 zone to confirm the breakout.

Nubeva Technologies (NBVA.V)

Market Cap ~ $26 million

Nubeva Technologies Ltd. develops and licenses software-based decryption solutions and TLS (SSL) network decryption solutions. It engages in the provision of cloud-based security software and services, as well as professional services.

The stock is up 11% on no news.

TSXV_DLY:NBVA Chart Image by Uncharted-FX

The stock is in a range. Major support comes in at $0.32 and resistance at the $0.50 psychological zone. Currently, this move is a bounce at support where we tend to find buyers.

Pampa Metals (PM.CN)

Market Cap ~ $16 million

Pampa Metals Corporation, a mineral exploration company, engages in the acquisition and exploration of base and precious metals projects in Chile. It owns an area of 47,400-hectare portfolio of seven projects for copper, molybdenum, and gold deposits located in Chile.

The stock is up 10% on news of outstanding copper-gold assay results from its project in Argentina.

CSE:PM Chart Image by Uncharted-FX

A good example of why candle closes are crucial. The stock appears to be ready to breakout, but sellers have jumped back in with price coming back down to $0.275. A breakout requires a close above the candle body highs. This has not occurred. Wait for a close above $0.285 to confirm a trigger.

Top 5 Losers

Volcanic Gold (VG.V)

Market Cap ~ $3.2 million

Volcanic Gold Mines Inc. together with its subsidiaries, engages in the acquisition and exploration of resource properties. The company explores for gold and silver deposits. It holds an option to earn a 60% interest in Holly and Motagua Norte properties.

The stock is down 41% on news of an update on drilling at the Motagua Norte Property in Guatemala.

TSXV_DLY:VG Chart Image by Uncharted-FX

Not the news the markets wanted. A major gap down into new all time record lows for the stock. The stock has to make up the large gap and try to climb back over $0.12. Alternatively, watch for basing to indicate the exhaustion of selling pressure.

READ  Top 5 Gainers and Losers: MDMA.CN, BEX.V, NURS.V

Radius Gold (RDU.V)

Market Cap ~ $6.4 million

Radius Gold Inc. engages in the acquisition and exploration of mineral properties. It explores for gold, silver, copper, zinc, and lead deposits. The company holds interests in the Maricela project covering an area of 155 hectares located in Sonora, Mexico; the Rambler project covering an area of 10,379-hectares located in Chihuahua, Mexico; and the Amalia project covering an area of 10,250 hectares located in Chihuahua, Mexico. It also holds interests in the Plata Verde project covering an area of 300 hectares located in Chihuahua, Mexico; Tropico project located in Zacatecas, Mexico; and Holly and Banderas project located in Guatemala.

The stock is down 18% on news of a drilling update at the Motagua Norte Project in Guatemala.

TSXV_DLY:RDU Chart Image by Uncharted-FX

The stock is breaking down on the same news as its joint venture partner, Volcanic Gold Mines. Previous record lows come in at $0.045. To reclaim support, the stock would need to close back above the $0.10 zone.

Trillion Energy International (TCF.CN)

Market Cap ~ $12 million

Trillion Energy International Inc. operates as an oil and gas exploration and production company with assets in Turkey and Bulgaria. It owns 49% interests in the SASB natural gas field covering an area of 12,387 hectares; 19.6% ownership interest in the Cendere oil field; and 50% operating interest in the Bakuk gas field located near the Syrian border.

The stock is down 16% on news it has commenced operations program at the SASB Gas field, Turkey which will occur over a two-month period.

CSE:TCF Chart Image by Uncharted-FX

New record lows are being printed. A major support at $0.14 was broken which has led to this move lower. Watch for a range to indicate selling pressure exhaustion.

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Promino Nutritional Sciences (MUSL.CN)

Market Cap ~ $12 million

Promino Nutritional Sciences Inc., a nutraceutical company, develops nutritional products in Canada and the United States. The company offers Rejuvenate, a proprietary formulation to assist in the rebuilding, restoration, and rejuvenation of natural loss of muscle mass due to aging or other medical conditions; and PROMINO, an elite performance supplement for both professional and amateur athletes to accelerate muscle recovery, build strength, and accelerate recovery from injury. It also engages in retailing of its products through stores and online.

The stock is down 13% on news the Company has signed a three-year agreement with the USL Championship side Las Vegas Lights FC to become “The Official Protein Drink of the Las Vegas Lights,” beginning in the 2025 season.

CSE:MUSL Chart Image by Uncharted-FX

This one could be interesting since the stock has jumped back above the moving averages. Not much momentum though as can be seen with the multiple daily candles. The stock is pulling back right now but watch for buyers around the $0.20 zone.

Kirkland Lake Discoveries (KLDC.V)

Market Cap ~ $5.8 million

Kirkland Lake Discoveries Corp. engages in the acquisition, development, and exploration of mineral resource properties in Canada. It explores for gold deposits. It holds a 100% interest in its principal project the Goodfish-Kirana property located in Kirkland Lake, Ontario.

The stock is down 43% on news of results from the thirteen drill holes totaling 3,376m that were completed to follow up on surface showings, mapping, prospecting and ground IP at the Hurricane Intrusive Zone.

TSXV_DLY:KLDC Chart Image by Uncharted-FX

The stock remains in a range but today’s price action could see the stock break below support. So far, the buyers are stepping in but we have a lot of time left in the trading day. If held, this could be a good buy opportunity for a move back up to $0.15.


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