18 November 2024

Howe Street Reporter Title

Top 5 Stock Market Gainers and Losers: VLE.TO, FANS.TO, FLOW.TO


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

FansUnite (FANS.TO)

Market Cap ~ $19 million

FansUnite Entertainment Inc. operates as a sports and entertainment company. It focuses on regulated and lawful sports betting affiliate market, which includes customer acquisition, retention, support, and reactivation. The company also offers affiliate services, bespoke testing, and research engagements under the Betting Hero brand name; Props.com, which focuses on tools, news, and resources that are related to prop bets; and retail and digital customer activation services for sportsbooks, casinos, poker, and fantasy sports platforms.

The stock is up 22% on news it has entered into a definitive agreement to sell its Betting Hero business.

TSX_DLY:FANS Chart Image by Uncharted-FX

The broad range is still the structure the stock is in. Today’s pop is taking the stock above an interim range here. $0.065 is the major breakout zone bulls should watch to initiate a new uptrend.

SRQ Resources (SRQ.V)

Market Cap ~ $3.2 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 21% on no news.

TSXV_DLY:SRQ Chart Image by Uncharted-FX

Potential one for bottom pickers. The stock is testing a key support zone. The $0.08 level is key for the stock. Just before, is the level where the stock rallied big. This is known as a demand zone. Watch the daily candle close. Bulls would want to see an engulfing candle or a hammer.

Titan Mining (TI.TO)

Market Cap ~ $33 million

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Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. It primarily explores for zinc. The company’s principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat– Edwards mining district in northern New York.

The stock is up 16% on no news. Yesterday, the Company announced assay results including 143 feet at 3.6% graphitic carbon.

TSX_DLY:TI Chart Image by Uncharted-FX

The stock has broken below the $0.25 support zone. Bulls want to see this zone be reclaimed. A further breakdown leads the stock down to the $0.20 zone.

Churchill Resources (CRI.V)

Market Cap ~ $9.2 million

Churchill Resources Inc. operates as an exploration stage mining company in Canada. It explores for nickel, copper, lithium, and cobalt deposits, as well as battery metals and diamonds. The company holds interest in the Taylor Brook project located in Newfoundland; the Florence Lake property located in Labrador; and the Pelly Bay Nickel project located in Nunavut. It also holds 100% interest in the White River Diamond property comprising 1,224 claims covering an area of 28,700 hectors, located in Ontario.

The stock is up 18% on no news.

TSXV_DLY:CRI Chart Image by Uncharted-FX

Potential breakout to be triggered by the end of the day. Watch for a close above $0.065 by the end of the day. Confirms a breakout and sets a move up to the $0.10 zone.

Flow Beverage Corp (FLOW.TO)

Market Cap ~ $16 million

Flow Beverage Corp. engages in the developing, marketing, selling, and distributing natural alkaline spring water-based beverages under the Flow brand name in Canada and the United States. It offers co-packing services. The company’s spring water available in organic and natural flavours, such as blackberry+hibiscus, strawberry+rose, cucumber+mint, watermelon, grapefruit, cucumber, peach+blueberry, blood orange, meyer lemon, and pomegranate, as well as vitamin-infused water comprising elderberry, citrus, cherry, strawberry+kiwi, and raspberry+lemon.

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The stock is up 16% on no news.

TSX_DLY:FLOW Chart Image by Uncharted-FX

Look at that large wick candle from a few days ago. Printed at a major support zone as well. This is the kind of set ups I look for. Watch for a close above this long wick candle, ideally above $0.22, to trigger a double bottom reversal pattern.

Top 5 Losers

Valeura Energy (VLE.TO)

Market Cap ~ $436 million

Valeura Energy Inc., together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

The stock is down 10% on news of the suspension of production at its 100% owned Wassana field, offshore Gulf of Thailand.

TSX_DLY:VLE Chart Image by Uncharted-FX

Today’s gap down candle is looking like it will confirm a double top pattern. There is some support at the $4.00 zone. The stock will need to fill in the gap and reclaim $4.80 to go bullish.

E2Gold (ETU.V)

Market Cap ~ $2.1 million

E2Gold Inc., a junior exploration company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. The company primarily explores for gold, precious metals, and other minerals and metals. Its flagship project is the Hawkins Gold Property that consist of 419 claims located in the north central Ontario, Canada.

The stock is down 33% on no news.

TSXV_DLY:ETU Chart Image by Uncharted-FX

The stock is at record lows. A close above $0.02 would start to see some momentum. Really the stock requires a strong close above the $0.03 to trigger more upside.

Newport Exploration (NWX.V)

Market Cap ~ $9.5 million

Newport Exploration Ltd., a natural resource company, engages in the acquisition and exploration of resource properties. The company holds a 100% interest in the Chu Chua copper-gold project located to the north of Kamloops, British Columbia, Canada. It also holds a 2.5% gross overriding royalty interest on oil and gas permits in the Cooper Basin in Queensland, Australia.

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The stock is down 18% on no news.

TSXV_DLY:NWX Chart Image by Uncharted-FX

The downtrend is apparent with lower highs and lower lows. There is some support around the $0.08 zone. A close below this sends the stock down to $0.04.

Cult Food Science (CULT.CN)

Market Cap ~ $20 million

Cult Food Science Corp. is an incubation, venture capital and secondary investing firm specializing in incubation, seed/startup, early stage, mid venture, late venture, emerging growth and growth capital investments. The firm seeks to invest in companies operating in the food sectors. It does not have significant operations. It intends to acquire or participate in new assets or businesses. Previously, the company was engaged in the provision of freight, reloading, and warehousing services.

The stock is down 16% on news that Noochies! products are now available on 18 online marketplaces including Walmart, Kroger and as previously announced, Amazon.

CSE:CULT Chart Image by Uncharted-FX

The stock is still in an uptrend with higher lows and higher highs. A close below $0.26 would take out the current swing leading to the end of the uptrend.

Cerro De Pasco Resources (CDPR.CN)

Market Cap ~ $36 million

Cerro de Pasco Resources Inc., a natural resource company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for zinc, copper, lead, silver, and gold deposits. It holds 100% interests in the El Metalurgista mining concession covering an area of approximately 95.74 hectares located in Lima, Peru.

The stock is down 12% on news the Company has now completed the formalities related to the administrative procedure and is on track to start drilling in the coming weeks.

CSE:CDPR Chart Image by Uncharted-FX

The stock is testing a key support zone. Technically a retest of the breakout which occurred a few weeks back. A close below $0.10 nullifies upwards momentum.


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