18 October 2024

Howe Street Reporter Title

Top 5 stock gainers and losers: OPTI.CN, RZE.V, PPP.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

Razor Energy (RZE.V)

Market Cap ~ $16 million

Razor Energy Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in western Canada. The Company produces primarily light oil, natural gas, and natural gas liquids in Alberta. It operates assets in the Swan Hills area covering 155,520 gross acres of total land and the Kaybob area covering 84,320 gross acres of total land located in the west central Alberta, as well as the District South area covering 79,093 gross acres of total land located in the southern Alberta.

The stock is up 64% on no news.

TradingView Chart

Strong price action as oil goes green today. A daily close confirmation above $0.305 takes out the lower high and ends the current downtrend.

Optimi Health (OPTI.CN)

Market Cap ~ $36 million

Optimi Health Corp. engages in the research, cultivation, processing, extraction, and distribution of psilocybin, psilocin, other psychedelic substances, and functional mushrooms for health and wellness markets in Canada and internationally. The company offers a range of fungi varieties, which include Lion’s Mane, Reishi, Turkey Tail, and Cordyceps.

The stock is up 38% on news of a significant milestone in the granting of its Precursor Licence for 3,4-Methylenedioxyphenyl-2-propanone (“MDP2P”), the precursor used in the chemical synthesis of MDMA.

TradingView Chart

The stock has been on a run recently frontrunning this positive news. The resistance comes in at $0.60 and support at $0.45. Be careful with this one as there will be profit taking.

Horizonte Minerals (HZM.TO)

Market Cap ~ $76 million

Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district.

READ  Top 5 Gainers and Losers: AMK.V, DEFI.NE, GXU.V

The stock is up 33% on no news.

TradingView Chart

A lot for the stock to do to recover but the current basing pattern is promising. There is a gap here that the stock is testing. If it fills it, it will be a bullish sign and the stock could see a run above $0.50 down the road.

Prospector Metals (PPP.V)

Market Cap ~ $3.7 million

Prospector Metals Corp. identifies, explores for, and develops mineral properties in the United States and Canada. The company explores for gold, silver, and copper deposits.

The stock is up 33% on news that it has entered into a property purchase agreement to acquire a 100% interest in the ML Property (also known as the Mike Lake Property) from Troilus Gold Corporation. The ML Property encompasses 4,757 hectares within the prolific Tintina Gold Belt, and is located approximately 80 km from Dawson City, Yukon Territory, and 25 km northeast of the former Brewery Creek Gold Mine. 

TradingView Chart

The stock is beginning to test the upper portion of its range. Watch for a daily close confirmation above $0.055 for a shift in trend.

Treatment Com AI (TRUE.CN)

Market Cap ~ $19 million

Treatment.Com International Inc. provides personalized health care information services in Canada. The company develops a mobile application for symptom assessment of users to address their health concerns, problems, and ongoing wellness management. It also offers a digital health app, an assessment tool which provides insights about health. In addition, the company provides medical education, medical clinic, and clinical advisor solutions; and offers healthcare information resource.

The stock is up 17% on no news.

READ  Top 5 Gainers and Losers: ARIC.V, SONA.CN, NVEI.TO
TradingView Chart

A choppy chart without much volume but the stock is still within a range. It is currently testing the psychologically important $0.50 zone.

Top 5 Losers

Melkior Resources (MKR.V)

Market Cap ~ $5.8 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 down 19% on no news.

TradingView Chart

So far just a correction move after a breakout above $0.16. If the price closes below this level, then we would have a false breakout.

TAG Oil (TAO.V)

Market Cap ~ $70 million

TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, the Middle East, and North Africa.

The stock is down 14% on news of an update on drilling progress of the BED4-T100 horizontal well in the Badr Oil Field in the Western Desert of Egypt.

TradingView Chart

The stock has clearly shifted trends. Lower highs and lower lows are being formed. The stock must close above the recent lower high at $0.475 to turn things around.

Flying Nickel Mining (FLYN.V)

Market Cap ~ $8.8 million

Flying Nickel Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds 100% interest in the Minago Nickel project located in the Thompson nickel belt in Manitoba, Canada.

The stock is down 12% on no news.

TradingView Chart

Interesting price action here with the stock breaking out recently. Currently in the retest stage. Let’s see if buyers can jump in and defend.

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Sendero Resources (SEND.V)

Market Cap ~ $24 million

Sendero Resources Corp., through its subsidiary, operates as an exploration company in Argentina. It primarily explores for copper and gold. The company holds a 100% interest in the Peñas Negras project, it exhibits close geological similarities to neighboring deposits covering an area of 120 square kilometers located in Vicuna district of Argentina.

The stock is down 12% on no news.

TradingView Chart

The stock is in an uptrend. Yesterday, Sendero printed new all time record highs. Today’s price action can be seen as profit taking and a retracement in the uptrend. Support comes in at $0.32.

Anfield Energy (AEC.V)

Market Cap ~ $74.5 million

Anfield Energy Inc. operates as a uranium and vanadium development and production company in the United States. The company primarily explores for uranium, vanadium, and gold deposits. Its uranium- vanadium portfolio comprises Velvet Wood project located in Utah; West Slope project, which consists of nine department of energy leases covering 6,913 acres situated in Colorado; Frank M deposit located in Utah; Shootaring Canyon Mill, located in Utah; and Findlay Tank breccia pipe project situated in Arizona.

The stock is down 11.7% on news that is has entered into definitive agreement with Gold Eagle Mining Inc and Golden Eagle Uranium LLC to acquire a 100% interest in twelve Department of Energy leases and associated data in various Counties in Colorado. The acquisition meets Anfield’s strategic objective of securing additional uranium and vanadium prospects as the Company prepares for an increase in production capacity throughput at Shootaring to 1,000 tons per day from 750 tons per day as part of its mill restart plan. 

TradingView Chart

The stock is ranging in a flag pattern. A close above $0.085 triggers a breakout of the pattern and the continuation of a new uptrend.


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