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
P2 Gold (PGLD.V)
Market Cap ~ $15 million
P2 Gold Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold, copper, silver, lead, and zinc deposits. It holds an interest in the Gabbs project comprising 543 unpatented lode mining claims and one patented lode mining claim covering 4,500 hectares in Nevada; the Silver Reef project covering an area of approximately 23,000 hectares; and the BAM property, which includes ten mineral tenures that covers an area of approximately 8,100 hectares.
The stock is up 45% on no news.
It looks like an inverse head and shoulders reversal pattern is in play. Watch for a daily candle close above $0.15 to confirm this.
Northisle Copper and Gold (NCX.V)
Market Cap ~ $98 million
NorthIsle Copper and Gold Inc., a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia.
The stock is up 26% on no news.
A major breakout and gap up move. The next resistance target comes in at the $0.55 zone.
Grid Battery Metals (CELL.V)
Market Cap ~ $18 million
Grid Battery Metals Inc. acquires, explores for, and develops brine-based lithium and mineral resource properties in Canada and the United States. It holds interest in the Clayton Valley project covering an area of 2,300 acres in Nevada.
The stock is up 26% on no news. Yesterday, the Company announced soil sample results from the first phase of its fall exploration program at its Texas Springs Property near Elko Nevada.
The stock is testing a key resistance zone at $0.09. A close above this would trigger a breakout and potential reversal.
Minsud Resources (MSR.V)
Market Cap ~ $167 million
Minsud Resources Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Argentina. The company explores for copper, molybdenum, silver, and gold deposits. Its principal project is the Chita Valley project that consists of the Chita, Brechas Vacas, and Minas de Pinto mineral concessions, as well as five additional adjacent properties covering an area of approximately 19,883 hectares located in the province of San Juan, Argentina. The company also holds a 100% interest in La Rosita project, which consists of the Alfa II mine and Alfa III mining concessions covering an area of 5,986 hectares located in the low sulfidation epithermal metallogenic province of the Deseado Massif, Patagonia, Argentina.
The stock is up 25% on no news.
The stock is held within a range between $1.10 and $0.80. A close above $1.10 triggers a breakout.
Bayhorse Silver (BHS.V)
Market Cap ~ $18 million
Bayhorse Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties. It explores for silver, gold, zinc, copper, antimony, lead, and other metals. The company holds a 100% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon. It also entered into an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia.
The stock is up 55% on no news.
After the break above $0.025, the stock began a new uptrend. This uptrend is set to continue with a second higher low being formed. Watch for a daily close above $0.07.
Top 5 Losers
Datametrex AI (DM.V)
Market Cap ~ $6.1 million
Datametrex AI Limited, together with its subsidiaries, provides collecting, analyzing, and presenting structured and unstructured data using its patented machine learning and artificial intelligence in Canada and South Korea. The company operates through two segments, AI and Technology and Health Security.
The stock is down 25% on news of AGM results, NCIB updates and option cancellation.
The stock is ranging just above record lows at $0.01. The range needs to break in order for a turnaround. Major resistance comes in at $0.06.
Rise Gold (RISE.CN)
Market Cap ~ $8.2 million
Rise Gold Corp. explores for mineral properties in the United States. It holds a 100% interest in the Idaho-Maryland Gold Mine property that comprises approximately 175 acres surface land and approximately 2,560 acres of mineral rights located in the Grass Valley of Nevada County in northern California.
The stock is down 14% on news that the Company has rejected a vested rights petition to operate the Idaho-Maryland Mine.
The stock is testing the major support in its range at the $0.15 zone. Watch to see if buyers can step in here to defend. A break below sees us print new all time record lows.
GMV Minerals (GMV.V)
Market Cap ~ $21 million
GMV Minerals Inc., an exploration stage company, engages in the sourcing and exploration of mineral properties in the United States. It primarily explores for gold and lithium deposits. The company holds a 100% interest in the Mexican Hat Gold Project that consists of 42 unpatented lode mining claims covering an area of approximately 4,800 acres located in Cochise County, Arizona.
The stock is down 11% on no news.
There is a steady uptrend with higher lows and higher highs. The stock is testing current support. Watch to see if buyers can step in to keep this step ladder price action intact.
Theralase Technologies (TLT.V)
Market Cap ~ $41 million
Theralase Technologies Inc., a clinical stage pharmaceutical company, engages in the research and development of photo dynamic compounds (PDCs) and their associated drug formulations to treat cancers, bacteria, and viruses in Canada, the United States, and internationally. It also designs, develops, manufactures, and markets patented and proprietary super-pulsed laser technology for the healing of chronic knee pain, as well as for off-label use to heal various nerve, muscle, and joint conditions.
The stock is down 10% on no news.
The stock attempted to breakout above $0.20 but has failed to do so. The stock will remain within a range.
POSaBIT Systems (PBIT.CN)
Market Cap ~ $41 million
POSaBIT Systems Corporation operates as a financial infrastructure provider in Canada and the United States. It provides point-of-sale solutions and cashless payment services for cannabis retailers in the United States.
The stock is down 10% on no news.
The stock is testing a key support zone within a range. A close below would see the stock tumble to the $0.15 zone.
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