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

Altai Resources (ATI.V)

Market Cap ~ $5.3 million

Altai Resources Inc. operates as a natural resource exploration and development company in Canada. The company explores for oil and natural gas, and gold properties. It holds a 100% interest in the Sorel-Trois Rivieres natural gas property comprising five oil and gas and reservoir licenses covering an area of approximately 68,483 hectares located in St. Lawrence Lowlands, Quebec; and a 50% interest in the Cessford oil property covering an area of 240 acres located in the Cessford area of Southern Alberta. The company also holds a 50% interest in the Malartic gold property which consists of six map designated claims covering an area of 127.6 hectares located in the Malartic Township, Val d’Or area, Quebec.

The stock is up 111% on no news.

A big pop at major support and now the stock is testing the key $0.095 resistance zone. Watch for a daily close above this level to trigger a larger breakout.

Questerre Energy (QEC.TO)

Market Cap ~ $107 million

Questerre Energy Corporation acquires, explores, and develops non-conventional oil and gas projects in Canada. It produces tight oil, oil shale, shale oil, and shale gas. The company primarily holds 40,960 acres located in Kakwa, west central Alberta, including a 25% working interest in 10,080 acres in Kakwa Central; 50% working interest in 4,480 acres in Kakwa North; 50% interest in 22,400 acres in Kakwa West; and 50% interest in 3,840 acres in Kakwa South. It also holds 100% working interest in 11,035 acres located in Antler, Saskatchewan; and oil shale assets in Jordan.

The stock is up 51% on news the ruling by the Québec Superior Court on the Company’s application to stay certain provisions of the Act ending exploration for petroleum and underground reservoirs and production of petroleum and brine, for the duration of the judicial proceedings.

A large pop and the stock is breaking out above the $0.24 zone. Watch for a confirmed close above this level. The next resistance comes in around the $0.30 zone.

Telescope Innovations (TELI.CN)

Market Cap ~ $19 million

Telescope Innovations Corp., a chemical technology company, develops manufacturing processes and tools for the pharmaceutical and chemical industry.

The stock is up 20% on no news. Three days ago, the Company announced it has filed a provisional patent application (63/606,069) on a disruptive new technique to purify lithium carbonate, a critical mineral building block for lithium ion battery production and particularly for low-cost LFP battery chemistries. 

The stock seems to have confirmed a cup and handle reversal pattern with the close above $0.25. The stock could pullback to retest this zone, but as long as it remains above, the breakout remains intact.

Covalon Technologies (COV.V)

Market Cap ~ $31 million

Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and products in the United States, Canada, Europe, the Middle East, Asia, Latin America, and internationally. The company has three proprietary platform technologies, including collagen matrix platform that is used to manufacture a family of products to treat chronic and infected wounds, including diabetic ulcers, pressure ulcers, venous ulcers, donor and graft sites, traumatic wounds healing by secondary intention, dehisced surgical wounds, and first and second degree burns; antimicrobial silicone adhesive platform that is used for family of pre and post-surgical, and vascular access products that are designed to kill bacteria or yeast that comes into contact with the antimicrobial silicone providing broad-spectrum antimicrobial activity; and medical coating platform, a proprietary process that utilizes photo-polymerization to create active grafting sites where new polymer chains are initiated and propagated from the surface of an existing medical device.

The stock is up 17% on news of Q4 and year end 2023 results.

• Reports 2023-Q4 revenue of $6.9 million – an increase of 28%, net loss from continuing operations of $2.9 million – an improvement of $1.2 million
• Reports full year 2023 revenue of $26.6 million – an increase of 47%, net loss from continuing operations of $4.5 million – an improvement of $5.2 million

The stock is in a range between $1.00 and $1.27. Watch for a breakout of the range which would indicate a reversal.

VSBLTY Groupe Technologies (VSBY.CN)

Market Cap ~ $4 million

VSBLTY Groupe Technologies Corp., a retail technology company, operates as a software provider of artificial intelligence security and retail analytics technology solutions. The company’s software modules include DataCaptor, a software module that leverages camera and sensor technology with artificial intelligence to provide real time analytics and audience measurement; VisionCaptor, a content management system; and VSBLTY Vector, a software module that interfaces with a local or remote database to detect persons or objects of interest within a camera’s field of view.

The stock is up 15% on no news.

A bottom picker play. The stock is ranging after printing new all time record lows. The stock is testing resistance at the $0.13 zone. A break above this could see a turn around for the stock.

Top 5 Losers

Belmont Resources (BEA.V)

Market Cap ~ $2.7 million

Belmont Resources Inc. engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds a 100% interest in the Kibby Basin property that covers an area of approximately 13,440 acres located in Esmeralda County, Nevada; and the Crackingstone property situated in the Northern Mining District, Saskatchewan. It also has an option to acquire a 100% interest in the Pathfinder property comprising 253.34 hectares located in southern British Columbia; the Athelstan-Jackpot property located in Phoenix mining camp of southern British Columbia; the Come by Chance property located in Phoenix mining camp of Southern British Columbia; and the Lone Star property located in northern Washington State.

The stock is down 30% on news of initial results of the A-J 2023 2,000 meter, nine drill hole A-J drilling program in southern British Columbia.

The stock is breaking below support at $0.04. The next support level comes in around the $0.02 zone.

Next Hydrogen (NXH.V)

Market Cap ~ $14 million

Next Hydrogen Solutions Inc. develops and produces water electrolyzers to work with intermittent renewable energy.

The stock is down 26% on no news.

The stock is ranging with a sell off occurring at the upper portion of the range, or resistance. $0.50 is the major support level to watch.

Steer Technologies (STER.V)

Market Cap ~ $35 million

Steer Technologies Inc. operates an integrated ESG technology platform that offers subscription and on-demand services. The company provides STEER EV, a subscription-based offering led by its flagship electric vehicle subscription business and electric vehicle long-term ownership or rental; and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service, food delivery service, and rideshare businesses. It operates in the United States and Canada.

The stock is down 16% on no news.

The uptrend continues as the stock broke above a range and has confirmed a higher low. The stock has found resistance around the $0.36 zone. A pullback is occurring as profits are being taken. Watch for a higher low to confirm the resumption of the uptrend.

KDA Group (KDA.V)

Market Cap ~ $40 million

KDA Group Inc., together with its subsidiaries, provides solutions and services to pharmacies and pharmaceutical companies in Canada. The company operates through three segments: Pharmacy Services, Pharmaceutical Solutions, and Technology. It provides pharmacy staff replacement services, professional and continued medical training services, pharmacy re-engineering services, and pharmaceutical training services. The company also offers PREDICTIVE e-Prescriber software for assisting doctors; and KRx, a cloud-based solution that analyzes each user’s prescription pattern and displays the appropriate expected medication.

The stock is down 12% on no news.

The stock is in an uptrend and right now it is pulling back as profits are being taken. The current higher low comes in at $0.19.

Aegis Brands (AEG.TO)

Market Cap ~ $20 million

Aegis Brands Inc. engages in the food and beverage business in Canada. It owns and operates coffeehouses under the Bridgehead and St. Louis Bar & Grill brand names. The company offers premium coffee, baked goods, and fresh food products. It also sells its products through online.

The stock is down 11% on no news.

An apparent downtrend in the stock but it is now testing a key support level. From here, we could see the stock print a double bottoming pattern. However, resistance around the $0.40 zone is still required to break for a trend shift.