Top 5 Stock Gainers and Losers: MGM.V, BEX.V, SRQ.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

Benton Resources (BEX.V)

Market Cap ~ $30 million

Benton Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It explores for gold, silver, nickel, copper, platinum group elements, lithium, and cesium assets.

The stock is up 23% on no news.

The stock was at first printing a flag pattern, which has now turned to a range. $0.13 is support and $0.18 is resistance. Wait for a break to give direction.

Maple Gold Mines (MGM.V)

Market Cap ~ $26 million

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. It holds interest in the Douay gold project covering an area of approximately 357 square kilometers located in the Casa Berardi deformation zone in the Abitibi Greenstone Belt of northern Quebec; and the Joutel project covering an area of approximately 39 square kilometers located in Quebec, Canada. The company also holds 100% interest in the Morris Project comprising 34 claims located in the Morris Township, Quebec, as well as has an option to acquire 100% interest in the Eagle Mine Property in Quebec, Canada.

The stock is up 25% on news Agnico has acquired 33,821,842 common shares of Maple Gold Mines at a price of $0.085 per share.

The stock is in a long ranging base. More importantly. investors currently can enter for a better position than Agnico Eagle Mines. With the cash, the Company is likely to be able to have some catalyst in the form of drilling. Watch for a move to the $0.10 zone.

Gowest Gold (GWA.V)

Market Cap ~ $84 million

Gowest Gold Ltd. engages in the exploration and evaluation of gold mineral properties in Canada. The company focuses on the development of its 100% owned Bradshaw gold deposit, which is part of the North Timmins gold project located near Timmins, Ontario. It holds interest in the North Timmins Gold Project that covers one patented mining claim, 11 mining leases, and 56 unpatented mining claims covering an area of approximately 109 square kilometers in Evelyn, Gowan, Little, Prosser, Tully, and Wark Townships in the Timmins gold camp.

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The stock is up 78% on news it has entered into a definitive arrangement agreement with a group of existing shareholders of Gowest, pursuant to which the Acquiring Group will acquire all of the outstanding common shares of Gowest not already owned by the Acquiring Group, for cash consideration of $0.15 per common share.

A large pop after the stock began basing. Just another example of how market structure and technical analysis can predict upcoming news. The stock has gapped up to the buyout price of $0.15. There is nothing much else to say on the technicals.

Nuclear Fuels (NF.CN)

Market Cap ~ $24 million

Nuclear Fuels Inc. engages in the acquisition and exploration for mineral resource properties. The company primarily focuses on exploring for critical metals and uranium deposits. Its principal properties are the LAB Project that consists of an area of 53 non-contiguous mineral licences covering 1508 minerals claims totaling 37,700 hectares located in Newfoundland and Labrador, Canada; and the KC Property, which comprises 673 lode minerals claims and 17 state mineral leases covering an area of 24,026 acres situated in Wyoming, the United States.

The stock is up 33% on news of appointing Gregory Huffman as CEO.

The stock is reacting positively to the news, and the fact he is purchasing 2,000,000 shares at a price of $0.35 per share. The stock hit the major resistance zone at $0.50. A close above this level confirms the breakout.

Fortune Bay (FOR.V)

Market Cap ~ $10 million

Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral properties. It primarily explores for gold and uranium deposits. The company holds a 100% interest in the Goldfields project comprises 14 mineral dispositions covering an area of approximately 5,900 hectares located in northern Saskatchewan, Canada; the Strike Uranium project that comprises four mineral dispositions covering an area of approximately 9,746 hectares located near Uranium City, northern Saskatchewan, Canada; the Murmac Uranium project, which consists of 17 mineral dispositions covering an area of approximately 10,131 hectares in northern Saskatchewan, Canada; the Ixhuatán project that consists of the 4,176 hectares of Rio Negro concession located in northern Chiapas State, Mexico; the Aspen Uranium project consisting seven mineral claims covering an area of 9,869 hectares, located near north of the Athabasca Basin; and the Woods Uranium projects located in Athabasca Basin.

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The stock is up 22% on no news.

A critical zone for the stock around the $0.18 support. A bit of a pop today, but for more strength, bulls want to see a nice candle close above $0.225.

Top 5 Losers

SRQ Resources (SRQ.V)

Market Cap ~ $4.1 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 down 34% on news of assay results.

After a major pop, the stock has seen profit taking and a further drop lower. Not really what you want to see after a large price action candle but technically, there is some support at $0.16 and $0.12.

Regulus Resources (REG.V)

Market Cap ~ $253 million

Regulus Resources Inc. operates as a mineral exploration company. Its flagship project is the AntaKori copper-gold-silver project comprises 20 mineral concessions that cover an area of 438 hectares located in the Yanacocha-Hualgayoc mining district in the Department of Cajamarca, Northern Peru.

The stock is down 17% on no news.

The uptrend continues. Today’s price action can be seen as a pullback from profit taking. Support comes in at the $2.00 zone.

MetaSphere Labs (LABZ.NE)

Market Cap ~ $25 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.

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The stock is down 45% on no news.

A super nova pattern. A large pop and then the drop. There is support coming up around the $0.60 zone. With a close below $1.00 today, the stock is likely to continue lower.

OnGold Resources (ONAU.V)

Market Cap ~ $27 million

ONGold Resources Ltd. is a reporting issuer in the provinces of British Columbia and Alberta with no current activities or operations. ONGold owns significant exploration assets in Northern Ontario, highlighted by the district-scale TPK Project and October Gold Project. These projects represent a strategic footprint in one of Canada’s most prolific gold-producing regions.

The stock is down 15% on no news.

Not much price action on the stock but we are nonetheless testing a crucial support zone. A break below leads to new record lows for the stock.

Blockchain2 Corp (BITK.V)

Market Cap ~ $9.5 million

BlockchainK2 Corp. engages in investing in blockchain technology solutions for capital markets and other sectors. The company operates Amplify gaming platform, a blockchain-powered service that manages the sales and promotion of video games; and iRecover Coin App to implement the findings and principles of behaviorism, social neurodevelopment, and behavioral economics in a blockchain-based application to support individuals recovering from addiction. It also sells health and beauty products in independent stores, including resorts, spas, pharmacies, salons, hotel chains, and department stores in the United States.