19 December 2024

Howe Street Reporter Title

Top 5 Stock Gainers and Losers: RED.CN, SNAG.V, TWR.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

Big Red Mining (RED.CN)

Market Cap ~ $3.6 million

Big Red Mining Corp., a junior exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. Its flagship project is the Dobie Lake copper property comprising 169 claims that covers an area of 8,600 acres located in Ontario, Canada.

The stock is up 100% on no news.

CSE:RED Chart Image by Uncharted-FX

A trend shift is occurring. The stock broke above the range at $0.02 starting a new uptrend. The stock is now breaking above $0.10. The next resistance comes in at the $0.19 zone.

 

Melkior Resources (MKR.V)

Market Cap ~ $4.8 million

Melkior Resources Inc., a junior mining exploration company, engages in the acquisition and exploration of mineral properties in Canada. The company primarily explores for gold, zinc, and silver deposits, as well as base metals. Its flagship property includes the Carscallen project, which comprises 320 claim units covering an area of approximately 47 square kilometers located to the west of Timmins, Ontario.

The stock is up 47% on no news.

TSXV_DLY:MKR Chart Image by Uncharted-FX

A big pop at major support. The stock is approaching resistance at the $0.16 zone. Watch for a daily close above this for a move forward.

 

Silver North Resources (SNAG.V)

Market Cap ~ $10 million

Silver North Resources Ltd., an exploration stage company, acquires and explores mineral properties. It explores for gold, copper, silver, zinc, and lead deposits. The company’s flagship property is the 100% owned Haldane property, which covers an area of 8,164 hectares located in Yukon Territory.

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The stock is up 27% on no news.

TSXV_DLY:SNAG Chart Image by Uncharted-FX

The stock is bouncing at the higher low support at $0.15. The next resistance zone comes in at the $0.24 zone. Watch for a breakout!

 

Tower Resources (TWR.V)

Market Cap ~ $19 million

Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which includes 10 mineral tenures totaling 2,975 hectares situated in the Nechako Plateau Region of central British Columbia; and the More Creek project that consists of 5 mineral tenures totaling 6,430 hectares located in the Golden Triangle District of northwest British Columbia.

The stock is up 23% on no news.

TSXV_DLY:TWR Chart Image by Uncharted-FX

A very large wick candle today close to a major support zone. This is looking bullish. The upper portion of the range comes in at the $0.16 zone.

 

Vortex Metals (VMS.V)

Market Cap ~ $8.8 million

Vortex Metals Inc. engages in the acquisition, exploration, and evaluation of copper-gold properties in Mexico. The company’s flagship properties include the Zaachila copper-gold project that covers an area of 3,264 hectares located in the Southern Oaxaca, Mexico.

The stock is up 22% on no news.

TSXV_DLY:VMS Chart Image by Uncharted-FX

Major support comes in at $0.09, and this is where the stock is bouncing. Resistance comes in at $0.12, but the major zone comes in at $0.15.

READ  Top 5 stock gainers and losers: BHS.V, PGLD.V, CELL.V

 

Top 5 Losers

LQWD Technologies (LQWD.V)

Market Cap ~ $7.5 million

LQWD Technologies Corp., a technology applications company, focuses on lightning network products in Canada. The company operates coincurve.com and buybitcoincanada.com, a virtual currency platform. It also provides infrastructure to facilitate payments under the Lightning Network name. In addition, the company focuses and develops various web-based platforms.

The stock is down 29% on no news.

TSXV_DLY:LQWD Chart Image by Uncharted-FX

After breaking above $0.75, the stock has given up those gains. Profits are being taken and the stock is set to head down to test the $0.50 zone.

 

iMetal Resources (IMR.V)

Market Cap ~ $1.12 million

iMetal Resources Inc., a junior exploration company, focuses on the acquisition, exploration, development, and evaluation of resource properties in Ontario and Quebec in Canada. The company explores for precious and base metal resources. Its flagship property is the Gowganda West project covering an area of approximately 147 squares kilometers located in Ontario; Kerrs Gold property covering an area of 665 hectares located in Ontario; and Ghost Mountain property consists of eleven claim units covering an area of 220 hectares located in Ontario.

The stock is down 25% on no news.

TSXV_DLY:IMR Chart Image by Uncharted-FX

The stock is testing key support. A breakdown would lead to new all time record lows for the stock.

 

Renegade Gold (RAGE.V)

Market Cap ~ $11 million

Renegade Gold Inc. engages in the acquisition, exploration, and development of mineral properties primarily located in the Red Lake mining district of northern Ontario. It explores for gold, copper, zinc, and silver deposits.

The stock is down 21% on no news.

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TSXV_DLY:RAGE Chart Image by Uncharted-FX

A large candle breakdown here below $0.35. The next support comes in at the $0.225 zone. Watch to see if buyers will step in to defend the zone.

 

Orex Minerals (REX.V)

Market Cap ~ $4.8 million

Orex Minerals Inc., a mineral exploration company, engages in the acquisition and exploration of mineral properties in Mexico and Canada. It owns interests in the Coneto silver-gold project that covers an area of 16,346 hectares of mineral concessions located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains; the Sandra Escobar silver-gold project situated to the north of the town of Tepehuanes, Durango; and the Jumping Josephine gold project totalling 11,200 hectares located in the West Kootenay region of Southeastern.

The stock is down 20% on no news.

TSXV_DLY:REX Chart Image by Uncharted-FX

We have a bit of a head and shoulders looking pattern here triggering. The next support comes in at $0.16. To reclaim upside momentum, the stock would need to close above $0.32.

 

Scorpio Gold (SGN.V)

Market Cap ~ $12 million

Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It primarily explores for gold and silver deposits.

The stock is down 18% on no news.

TSXV_DLY:SGN Chart Image by Uncharted-FX

The stock is at a major support zone. Watch in upcoming days to see if bulls can keep support intact, or if the sellers drive the price to $0.09 and then new all time record lows.


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