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

INEO Tech (INEO.V)

Market Cap ~ $9.1 million

INEO Tech Corp., through its subsidiary, INEO Solutions Inc., provides analytics and advertising services through cloud-based internet of things in Canada. Its technology combines security tag readers for digital advertising at the entrance and exit of retail stores. The company’s cloud-based platform uses Internet of Things and artificial intelligence technology to deliver digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location.

The stock is up 60% on no news.

The stock recently broke out above the $0.08 zone which was the upper portion of resistance. Today’s price action is interesting. No news, but we saw a retest fail initially but the bulls have stepped up at major support at $0.05. We are setting up for a close above $0.08 which would make this a successful retest.

 

Kidoz Inc (KIDZ.V)

Market Cap ~ $27 million

Kidoz Inc. develops and sells AdTech software products in Western Europe; Central, Eastern, and Southern Europe; North America; and internationally. It operates in three segments: Ad Tech Advertising; Programmatic Advertising; and Content Revenue. The company owns and develops mobile Kidoz safe ad network, the Kidoz kid mode operating system, and the Kidoz publisher software development kit. In addition, it offers Rooplay, a cloud-based EduGame system for kids to learn and play; and ad tech and programmatic advertising services.

The stock is up 36% on news  its unaudited condensed interim financial results for the quarter ended March 31, 2024 came to US $1,793,071.

Another retest set up. The stock has pulled back after breaking out but there has not been much volume. Until today. Good volume on the news that revenue continues to grow. Watch for a close above $0.35 for a continuation.

 

X1 Entertainment (XONE.CN)

Market Cap ~ $4.3 million

X1 Entertainment Group Inc. does not have significant operations. Previously, it was owned and operated RixGG, an esports franchise; X1 Talent, a boutique talent management group for digital content creators; ShiftRLE, an online news outlet focused on the popular video game Rocket League; and Octane.GG, an online fan statistics platform focused on the Rocket League video game.

The stock is up 18% on no news.

We have three charts in a row with a similar set up but I guess this is what you can expect when the overall markets are weak. A retest and we are on watch for a higher low with a breakout above $0.36.

 

SRQ Resources (SRQ.V)

Market Cap ~ $8.8 million

SRQ Resources Inc. engages in the base metal exploration and development business in Canada. The company explores for nickel, copper, and the platinum group elements. Its flagship project is the Lac Brulé project, which consists of 507 contiguous mining claims covering an area of approximately 29,183 ha located in Québec.

The stock is up 16% on news that the Company will participate in a virtual non-deal roadshow to discuss the encouraging Ni-Cu results from its recent drilling campaign on the newly discovered Ultramafic Magmatic intrusive complex at its Lac Brulé project in Quebec, Canada.

The stock had a huge rally on the news of additional nickel-copper intercepts. The momentum is trying to continue. Support comes in at the $0.25 zone. Some profits are likely to be taken, so we could see a pullback before entering higher.

 

Tornado Global Hydrovacs (TGH.V)

Market Cap ~ $140 million

Tornado Global Hydrovacs Ltd., through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks in North America and China. It serves excavation service providers in the oil and gas sectors.

The stock is up 14% on no news.

A breakout play into new all time record highs. The most important thing here is the stock is looking to close above the important psychological $1.00 zone. A confirmed close above this zone would be huge for the stock and one would expect good momentum.

 

Top 5 Losers

Metasphere Labs (LABZ.NE)

Market Cap ~ $70 million

Metasphere Labs Inc., a digital agency, engages in the design, development, and sale of non-fungible tokens (NFTs) in Canada and internationally. The company offers 3D digital assets for existing NFT communities; NFT minting services; merchandise sales; utility services; and advertising and sponsorship services, as well as creates digital assets, such as additional clothing for avatars or tools to be used by the avatars within the House of Kibaa (HOK) origins metaverse.

The stock is down 37% on no news.

After printing new all time record highs, the stock is pulling back. Profits are being taken. We have an important support zone here at the $2.60 zone. Watch to see if buyers will step in here. Today’s wick on the candle will be telling.

 

Tenet Fintech (PKK.CN)

Market Cap ~ $6.8 million

Tenet Fintech Group Inc., through its subsidiaries, provides various analytics and AI-based services in Canada and China. The company offers Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. It serves to businesses, capital markets professionals, government agencies, and financial institutions.

The stock is down 21% on news of Q1 2024 results.

Downtrend intact and remains strong. New all time record lows for the stock. Watch for either a range to indicate selling exhaustion, or watch for the current lower high to be taken out. In this case, a close above $0.08.

 

Hybrid Power Solutions (HPSS.CN)

Market Cap ~ $15 million

Hybrid Power Solutions Inc. develops, produces, and sells portable battery systems and customized energy solutions in Canada. It offers portable power packs; batteries; solar off grid packages; solar panels; and power accessories. The company also provides solar installation services. It serves mining, construction, municipalities, railway, public transit, marine, military, and other sectors.

The stock is down 13% on no news.

The stock is breaking down and forming new all time record lows. Do not try and catch a falling knife. Watch for a range to indicate selling exhaustion, or a break above the recent lower high.

 

Fortune Minerals (FT.TO)

Market Cap ~ $45 million

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories.

The stock is down 14% on no news.

The stock is pulling back after a nice breakout move. I would not be too worried just yet. The higher low and gap comes in at the $0.07 zone. A close below this level would end the current uptrend momentum.

 

Surge Copper (SURG.V)

Market Cap ~ $38 million

Surge Copper Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for copper, gold, silver, and molybdenum deposits. The company holds a 100% interest in the Ootsa property that comprises 140 mineral claims covering 90,701.3 hectares located in central British Columbia; and the Berg Property situated in British Columbia. It also owns 2% net smelter return royalty on the Auro and Auro South properties located in British Columbia.

The stock is down 10% on news that it has closed its previously announced strategic placement for gross proceeds of approximately $3.9 million at a price of $0.095 per share.

Overall, we remain in an uptrend with well marked higher lows and higher highs. The current higher low comes in at $0.13. The stock remains in its uptrend as long as it holds this level.