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
Ramp Metals (RAMP.V)
Market Cap ~ $26 million
Ramp Metals Inc. engages in the acquisition and exploration of battery and base metal properties. The company primarily explores for nickel, copper, and lithium deposits. It holds an option to acquire a 100% interest in the Rottenstone SW property with a contiguous claim block covering 17,285.524 hectares; and the Peter Lake Domain property with 4 mineral dispositions totaling approximately 2,163 hectares located in Saskatchewan, Canada.
The stock is up 35% on no news. Two days ago, the Company announced a new high-grade gold discovery in Saskatchewan.
New all time record highs. The next resistance zone would be the psychological $1.00 zone. If there is a pull back with some profit taking, the $0.55 zone is support.
Hillcrest Energy Technologies (HEAT.CN)
Market Cap ~ $41 million
Hillcrest Energy Technologies Ltd. engages in developing power conversion technologies and digital control systems for powertrains, and grid-connected renewable energy generation systems. It offers electric vehicle traction inverter, power module, grid inverter, and powertrain solutions, as well as develops a zero voltage switching inverter technology platform.
The stock is up 13% on no news. Two days ago, the Company announced the completion of a joint development agreement with Ocean Batteries AS for the delivery of 300kVA | 800V Hillcrest ZVS inverter prototypes.
The stock is continuing its breakout run. The resistance zone near $0.50 is being tested and the wick is showing that profits are being taken. The retest on a pullback would take us to $0.30, where buyers will likely step in to keep the uptrend going.
American Aires (WIFI.CN)
Market Cap ~ $43 million
American Aires Inc., a nanotechnology company, engages in the research, development, and implementation of innovative technology solutions that restructure and transform electromagnetic field haze into biologically-compatible form in Canada and internationally. Its products include the Lifetune One, a device specific solution that sticks directly onto electronic devices, offering immediate protection against harmful electromagnetic radiation solution for use with devices such as phones, tablets, and laptops; and the Lifetune Flex, a versatile electromagnetic fields (EMF) protection solution for constant coverage from electromagnetic radiation.
The stock is up 13% on news. Yesterday, the Company announced that it had achieved a 47% year-over-year increase in order volume in April, followed by an impressive 98% surge in May. This continues the strong growth trajectory seen in previous years, with 128% YoY growth from 2021 to 2022 and 79% YoY growth from 2022 to 2023.
A very nice support bounce. The stock even had a nice hammer candle a few days ago hammering the bottom. The stock is now testing an important lower high and psychological number at $0.50. A close above sends the stock to $0.88.
Questor Technology (QST.V)
Market Cap ~ $13 million
Questor Technology Inc., an environmental emissions reduction technology company, designs, manufactures, and services clean combustion systems in Canada and the United States. Its technology enables its customers to meet emission regulations, reduce greenhouse gas emissions, address community concerns, and enhance safety at industrial sites. The company offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.
The stock is up 19% on no news.
A bounce at the lows, and the stock is now heading back to retest resistance around $0.475. Pretty close to the psychological $0.50 zone. Watch for the price to take out this zone for a new uptrend.
BulGold (ZLTO.V)
Market Cap ~ $2.3 million
BULGOLD Inc., a gold exploration company, engages in the exploration and development of mineral exploration projects in southeastern Bulgaria. Its principal projects are the Kutel gold project and the Kostilkovo gold project located within the Eastern Rhodope mountains of southeastern Bulgaria.
The stock is up 30% on no news.
One for the reversal bottom pickers. We could be having a double bottom pattern here. The trigger would be a daily break and close above the $0.15 zone.
Top 5 Losers
DeFi Technologies (DEFI.CN)
Market Cap ~ $730 million
DeFi Technologies Inc., a technology company, develops and lists exchange traded products in Canada, Bermuda, and the Cayman Islands. The company provides asset management services, such as investment vehicles, indirect exposure to underlying cryptocurrencies, digital asset indexes, and other decentralized finance instruments. It also participates in decentralized blockchain networks by processing data transactions that contribute to network security and stability, governance, and transaction validation.
The higher low at $2.20 has been taken out which means the probability of a move down to the $1.40 zone is highly likely. Watch for support around that zone.
NurExone Biologic (NRX.V)
Market Cap ~ $43 million
NurExone Biologic Inc., operates as a pharmaceutical technology company. It is developing 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 22% on no news.
Profit taking and a retest. The stock broke above a downtrend line and the stock is just pulling back to retest the $0.60 zone. Watch to see if buyers step in. A close below $0.55 would nullify the upwards move.
FireFox Gold (FFOX.V)
Market Cap ~ $7 million
FireFox Gold Corp. engages in the exploration and development of gold deposits in Finland. Its flagship properties include in the Jeesiö Gold Project covering an area of approximately 76 square kilometers located in Lapland; and the Mustajärvi Gold Project situated in northern Finland.
The stock is down 20% on news of a private placement that will consist of up to 40 million units of the Company at a price of $0.05 per Unit.
A gap down on the news. There is some support here at $0.04. A move lower would take us to test previous record lows at $0.03.
Sato Technologies (SATO.V)
Market Cap ~ $16 million
SATO Technologies Corp., a blockchain company, engages in the cryptocurrency mining in Canada. The company engages in the business of utilizing equipment to solve computational problems to validate transactions on the blockchain and other; and provision of compute power for bitcoin mining.
The stock is down 13% on no news.
The downtrend continues with new lower highs and lower lows. There is some support here around the $0.17 zone. Here is where one would watch for a potential selling exhaustion and reversal.
Rapid Dose Therapeutics (DOSE.CN)
Market Cap ~ $20 million
Rapid Dose Therapeutics Corp., a life sciences company, provides drug delivery technologies designed to enhance outcomes in Canada. The company offers QuickStrip/PharmaStrip, an oral fast-dissolving drug delivery system to rapidly release active molecule into the blood stream, such as pharmaceuticals, emulsified oils, and over-the-counter medicines; QuickStrip energy to deliver energizing caffeine; QuickStrip B12 to deliver vitamin B12 in the system; and QuickStrip sleep that delivers melatonin in the system, as well as dental products.
The stock is down 11% on news the Company has received an extension from the Canadian Securities Exchange allowing it to close the Financing on or before August 8, 2024. This previously announced Financing contemplates an aggregate of up to $6,000,000 of gross proceeds consisting of up to 35,294,117 common shares at a price of $0.17 per Common Share.
The stock is testing an important support zone. Note that a few days ago, there was a nice pinbar candle. Did not see buyers step in, but we know buyers are in this zone.
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