19 December 2024

Howe Street Reporter Title

Top 5 stock gainers and losers: SIE.V, BAY.V, LBC.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

Sienna Resources (SIE.V)

Market Cap ~ $7.8 million

Sienna Resources Inc. engages in the identification, acquisition, and exploration of mineral properties in Canada, Finland, Norway, and the United States. It primarily explores for platinum, palladium, and lithium deposits. The company also holds an option to acquire a 100% interest in the Elko lithium project that covers an area of 1200 contiguous acres in Elko County, Nevada.

The stock is up 33% on news it has acquired the 10,845 contiguous acre “Dragon Uranium Project” bordering Cameco Corporation in the world renowned Athabasca Basin of Saskatchewan.

TradingView Chart

The stock did close below a support zone but is now turning things around and battling to regain support. Watch for a close back above $0.04 with this positive news.

NICAN Limited (NICN.V)

Market Cap ~ $4.2 million

NiCAN Limited engages in the exploration, development, operation, and financing of mining assets in Canada. The company primarily explores for nickel and copper deposits, as well as by-products of copper, cobalt, and platinum group elements. It holds interest in the Wine project consisting of 24 mineral claims covering an area of 5,666 hectares; and the Pipy project comprised of 20 mineral claims covering an area of 3,913 hectares located within the lake greenstone belt of Manitoba.

The stock is up 20% on no news. 

TradingView Chart

A very nice pop today and the stock is looking to breakout above the $0.07 zone. A very nice basing pattern and range which could break and lead to a new uptrend.

Satellos Bioscience (MSCL.V)

Market Cap ~ $62 million

Satellos Bioscience Inc., a biotechnology company, develops regenerative therapeutics to treat degenerative muscle diseases. Its lead program focuses on the discovery and development of a small molecule drug for the treatment of duchenne. The company’s MyoReGenX, an automated microscopy system which recapitulates the muscle stem cell environment ex-vivo.

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The stock is up 17% on no news. Yesterday, the Company announced it has received conditional approval to graduate to the Toronto Stock Exchange. 

TradingView Chart

The chart is showing structure of an inverse head and shoulders pattern, a reversal pattern which shows the transition from a downtrend to an uptrend.

Condor Resources (CN.V)

Market Cap ~ $72 million

Condor Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Peru. It explores for gold, silver, copper, lead, and zinc deposits, as well as other precious and base metals.

The stock is up 18% on no news.

TradingView Chart

The stock recently broke out of a flag pattern. After a bit of a pop, the stock has begun to range below the $0.55 zone. Support comes in around the $0.38 zone.

NurExone Biologic (NRX.V)

Market Cap ~ $17 million

NurExone Biologic Inc., a pharmaceutical technology company. It engages in the development of an off-the-shelf, non-invasive, and novel treatment for the reversal or reduction of paralysis following spinal cord injury using membrane-bound extracellular vesicles technology, as well as to treat brain trauma injury, and other brain and neurological indications.

The stock is up 15% on news of a collaboration with Inteligex to kick off chronic spinal cord injury research for a multi billion dollar healthcare market.

TradingView Chart

The stock is testing a key resistance zone around $0.32. Watch for a breakout to begin a new trend on this stock.

Top 5 Losers

Trench Metals (TMC.V)

Market Cap ~ $8.6 million

Trench Metals Corp. operates as a mineral exploration and development company in Canada. It has an option agreement to acquire a 100% interest in the Higginson Lake Uranium project covering an area of approximately 5,900 hectares located in Athabasca, Saskatchewan.

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The stock is down 25% on no news.

TradingView Chart

The stock broke out of a range recently and hit resistance at $0.25. The stock could pullback to $0.125, watch to see if buyers will step in here.

Exploits Discovery (NFLD.CN)

Market Cap ~ $14 million

Exploits Discovery Corp., a mineral exploration company, engages in the evaluating, acquiring, and exploring of mineral projects in Canada. The company primarily explores for gold deposits. It holds a portfolio of properties, including the Jonathan’s Pond, Dog Bay, Mount Peyton, True Grit, Middle Ridge, Valentine Lake Trend, Bullseye, True Grit, Great Bend, and Gazeebow projects covering an area of approximately 2,000 square kilometers of mineral tenements located in Newfoundland and Labrador.

The stock is down 21% on no news. 

TradingView Chart

The stock was making higher lows and higher highs and appeared to be shifting trends. The breakout above $0.12 was a key trigger. However, the stock has confirmed a false breakout with a close back below $0.12. Support comes in at $0.07.

Aston Bay (BAY.V)

Market Cap ~ $25 million

Aston Bay Holdings Ltd. acquires, explores for, and develops resource properties in the United States and Canada. The company explores for copper, lead, zinc, gold, silver, and precious metal deposits. It holds a 100% interest in the Storm Copper and Seal Zinc project that consists of 117 contiguous mining claims covering an area of approximately 302,725 hectares on Somerset Island, Nunavut, Canada; and the Blue Ridge Gold project covers an area of 4,445 hectares located in central Virginia, the United States.

The stock is down 17.8% on no news.

TradingView Chart

The stock is attempting to fill in the gap and is now seeing some selling around the $0.16 zone. For the stock to fill in the gap, it requires a close above $0.16. This will trigger a major bull run as gap fills tend to continue the bullish momentum.

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Libero Copper and Gold (LBC.V)

Market Cap ~ $4.1 million

Libero Copper & Gold Corporation engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, Argentina, and Colombia. It explores for copper and gold deposits. The company owns 100% interest in the Mocoa porphyry copper-molybdenum deposit located in the Eastern Cordillera of Colombia. It also has an option to acquire a 100% interest in the Big Red porphyry copper-gold property comprising 20 contiguous claims covering an area of 26,000 hectares in northwestern British Columbia; and a 70% interest in the Esperanza Porphyry gold-copper project located in San Juan, Argentina. In addition, it has an option to acquire Tomichi porphyry copper-molybdenum deposit located in the Colorado; and the Big Bulk Porphyry Gold-Copper property located in British Columbia, Canada.

The stock is down 16% on no news.

TradingView Chart

The stock recently broke out above a range and is now pulling back. The retest of $0.02 will see if buyers step in to continue the breakout.

Walker River Resources (WRR.V)

Market Cap ~ $8.3 million

Walker River Resources Corp., an exploration stage company, engages in the identification, exploration, acquisition, and evaluation of mineral properties in Canada. It holds 100% interests in the Lapon Canyon gold project with 147 claims, which covers an area of approximately 2940 acres located in Nevada.

The stock is down 12% on no news.

TradingView Chart

The stock had a nice breakout above the $0.18 zone and has triggered an inverse head and shoulders pattern. Today’s move is a pullback but bullish momentum can remain as long as the stock holds above $0.18.


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