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

KWESST Microsystems (KWE.V)

Market Cap ~ $9.2 million

KWESST Micro Systems Inc. engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. The company non-lethal products, including PARA OPS devices and ARWEN products.

The stock is up 17% on no news. Yesterday, the Company announced that it has been awarded a sub-contract by Thales Canada. Under the sub-contract, KWESST will deliver specialized software services for work under the Canadian Department of National Defence Land C4ISR series of contracts to modernize the Canadian Army’s capabilities through advanced land command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) systems. A contract valued at up to $48 million.

The stock did not confirm a daily close above our lower high level as mentioned in yesterday’s post. We are giving it another go today with the stock currently above the $1.20 lower high level. the next resistance comes in at $2.00.

 

Therma Bright (THRM.V)

Market Cap ~ $11 million

Therma Bright Inc. acquires, develops, manufactures, and markets proprietary healthcare and medical devices focused on respiratory diseases, vascular health, and consumer medical devices for consumer and institutional marketplace. The company’s products include AcuVid, an antigen and antibody rapid screening test for COVID-19; InterceptCS, a cold sore prevention system, which provides controlled topical heat without the risk of burning the skin; Benepod, a hot and cold contrast therapy device for pain relief without pain relieving medication; Venowave, a medical compression pump designed to treat and alleviate the symptoms associated with poor circulation; and TherOZap, a thermal therapy insect device that reduces the inflammatory response, as well as relieves the symptoms of pain, itching, and inflammation associated with insect bites and stings.

The stock is up 16% on no news. Yesterday, the Company announced it has closed the first tranche of a financing. Under the First Tranche, Therma issued 85,450,000 units priced at $0.01 per unit for total proceeds of $854,500.

A higher low has been confirmed with yesterday’s close, and the stocks higher low comes in at $0.02. As long as we remain above this level, the stock remains in an uptrend.

 

Pender Growth Fund (PTF.V)

Market Cap ~ $83 million

Pender Growth Fund Inc. specializes in later stage, special situations, and restructuring investments. The fund also provides expansion capital and invests in small caps and Eligible Small Businesses (“ESBs”). It seeks to invest in illiquid public and private companies in information technology, communications, life sciences, and proprietary technologies sectors and undervalued technology companies. The fund targets companies based in British Columbia, Canada. It typically invests over Cdn $500,000 ($0.51) or invests between Cdn $1.5 million ($1.53 million) and Cdn $3 million ($3.06 million) in each portfolio company with revenues between Cdn $5 million ($5.10 million) and Cdn $15 million ($15.30 million).

The stock is up 34% on news that one of its significant investees, Copperleaf Technologies Inc., has entered into a definitive arrangement agreement with Industrial and Financial Systems, IFS AB pursuant to which IFS has agreed to indirectly acquire all of the issued and outstanding common shares of Copperleaf for $12.00 in cash per Copperleaf Share.

A nice breakout today with a range break looking to be confirmed with a close above the $8.50 zone. The next major resistance comes in at $14.

 

Group Eleven Resources (ZNG.V)

Market Cap ~ $38 million

Group Eleven Resources Corp., a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Ireland. The company primarily explores for zinc, lead, and silver deposits. It owns 100% interest in the Silvermines project comprising two prospecting licenses (PLs) covering an area of 43.0 square kilometers located in the western Ireland; the PG West project that consists of 22 PLs covering an area of 650 square kilometers located in the Limerick region. The company also holds 60% interest in the Ballinalack project, which comprises 5 PLs covering an area of 169.0 square kilometers located in north-central Ireland; and 76.56% interest in the Stonepark project comprising 6 PLs covering an area of 184 square kilometers located in County Limerick, Ireland.

The stock is up 26% on news of results from the most recent four holes of the 2024 drill program at the Company’s 100% owned Ballywire zinc-lead-silver discovery in the Republic of Ireland.

An uptrend continuation has been attempted but sellers are stepping in. Watch for a close above $0.19 by the end of the day for a retest of the current recent high.

 

AGEDB Technology (AGET.V)

Market Cap ~ $21 million

AGEDB Technology Ltd. develops and operates graph data analytics software. It provides database management and graph professional services for data analysis and visualization.

The stock is up 25% on no news.

Not much price action to work with here but we have our major lows and major highs. The $0.50 zone is a major zone for the stock. A close above this zone would lead to an eventual run to recent highs.

 

Top 5 Losers

MetaSphere Labs (LABZ.NE)

Market Cap ~ $44 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. It also offers NFT marketing, development and minting, NFT community growth and moderation, brand design and management, smart contracts and legal, and metaverse integration services.

The stock is down 36% on news of announcing an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET.

I see the outline of an head and shoulders pattern. The neckline comes in at $1.50. A close below this level triggers the reversal pattern.

 

HighGold Mining (HIGH.V)

Market Cap ~ $44 million

HighGold Mining Inc. operates as a gold exploration company in North America. The company’s flagship asset is the Johnson Tract gold property covering an area of 21,000 acres located in Southcentral Alaska, the United States. It explores for gold, copper, zinc, silver, and lead.

The stock is down 20% on no news.

A big drop as profits are being taken. The major $0.50 zone is being tested. This is also the current higher low for the stock. A close below could see us make a move lower to fill in the gap.

 

Green Shift Commodities (GCOM.V)

Market Cap ~ $5.3 million

Green Shift Commodities Ltd., an exploration company, focuses on the exploration and development of uranium and related minerals in South America and Ontario. The company primarily explores for lithium and uranium deposits. Its principal project is the Armstrong Project that consisting of 90 claims covering an area of approximately 1,800 hectares located in Ontario, Canada.

The stock is down 15% on no news. 

A channel here and the stock is testing the lower bounds of this channel. Wait for a break to give direction.

 

Northern Superior Resources (SUP.V)

Market Cap ~ $85 million

Northern Superior Resources Inc., an exploration stage junior mining company, engages in the identification, acquisition, evaluation, and exploration of gold properties in Ontario and Québec, Canada.

The stock is down 13% on news on the appointment of Eric Desaulniers as Director of the Company.

A higher low and higher highs but the stock could not close above the $0.70 zone. We are now testing the bottom limits of support here. A breakdown would lead to a reversal of the uptrend.

 

MAX Resource Corp (MAX.V)

Market Cap ~ $11.4 million

Max Resource Corp. engages in the acquisition and exploration of mineral properties in South America and Canada. The company explores for silver and copper deposits. It holds 100% interest in the Cesar Copper-Silver project which consist of 20 mining concessions covering approximately an area of 188 square kilometers located in the northeastern Colombia.

The stock is down 13% on no news. 

New record lows for the stock. The bleeding is not stopping and we have no signs of selling exhaustion. Potential bottom pickers will want to watch for a long range or a bullish candle like a hammer to signal that the sellers are done.