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
Minaurum Gold (MGG.V)
Market Cap ~ $71 million
Minaurum Gold Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico and the United States. The company explores for gold, silver, copper, lead, and zinc deposits. Its flagship project is the Alamos project, which covers an area of approximately 37,928 hectares in Southern Sonora.
The stock is up 65% on no news.
The stock had a major drop yesterday on no news down to the major support. It seems buyers (or someone) does not think the stock should be down there. Major buying with a huge gap up pop.
Nuran Wireless (NUR.CN)
Market Cap ~ $7.3 million
Nuran Wireless Inc., together with its subsidiaries, engages in the research, development, manufacture, marketing, and operation of digital electronic circuits and wireless telecommunication products in Canada, the United States, Europe, Africa, and internationally. The company’s products include GSM LiteCell, a GSM base station for rural and roadside coverages, low density villages, remote sites, developing countries/emerging markets, and private networks; OC-2G, a carrier-grade GSM base station; Litecell-xG, a 2G, 3G, and 4G multi-standard base station; Nexus Core Network, a 2G, 3G, and 4G soft core network for small to medium-sized operations, including regional and rural mobile, as well as enterprise private networks; and network as a service.
The stock is up 56% on news the Company has announced the deployment of 21 additional sites in Cameroon as well as capacity upgrades to 5 sites. The current 79 sites in Cameroon are generating important operating cashflow with revenues having increased by over 50% since September and surpassing previous projections. 84% of the sites have surpassed the guaranteed minimum revenue stipulated in the contract with Orange and the Company reports that over 10% of the sites are now generating over US$5000 of gross revenue with the top site now averaging US$7200 monthly.
A gap up on good news. The breakout above $0.12 is key since that is the latest lower high. The downtrend is technically over and the uptrend should remain intact as long as it stays above $0.12. There is some resistance around the $0.22 zone.
OverActive Media (OAM.V)
Market Cap ~ $30.9 million
OverActive Media Corp. operates as a media, sports, and entertainment company. It operates in two segments, Team Operations and Business Operations. The company delivers sports, media, and entertainment products for fans with a focus on esports, videogames, content creation and distribution, culture, and live and online events. It also operates fan clubs, and other fan-related activities.
The stock is up 30% on no news.
The stock is on a run ever since it broke out above the flag pattern. Today’s pop is likely to confirm a higher low at $0.25. It is also breaking above resistance at the $0.35 zone. The next resistance comes in at $0.50.
Safe Supply Streaming (SPLY.CN)
Market Cap ~ $9.9 million
Safe Supply Streaming Co. Ltd. is a venture capital firm specializing in incubation, seed/startups and early venture. It prefers to invest in drug, Pharmaceuticals and tightly woven fabric sectors.
The stock is up 28% on news it has taken significant step towards expanding its market presence, CannaLabs underwent an official inspection by Health Canada for the acquisition of a dealer license.
A nice pop from the $0.10 support zone. The next resistance comes in at $0.20. If it closes above this zone, it would be a significant breakout.
Discovery Silver (DSV.TO)
Market Cap ~ $237 million
Discovery Silver Corp., a mineral exploration company, engages in the exploration and development of polymetallic mineral deposits. The company’s flagship property is the Cordero silver project, comprising 26 contiguous claims that covers an area of 34,909 contiguous hectares located in the Chihuahua state, Mexico.
The stock is up 15% on no news.
The stock broke below a major support zone yesterday but today is seeing a nice gap up pop. We could be setting up a bullish harami pattern here which is a reversal pattern.
Top 5 Losers
Generation Mining (GENM.TO)
Market Cap ~ $61 million
Generation Mining Limited, a mineral exploration and development stage company, focuses on base and precious metal deposits in Canada. It explores for molybdenum, tungsten, palladium, copper, platinum, gold, and silver deposits. The company holds 100% interest in the Marathon Palladium and Copper project covering an area of 22,000 hectares located in north-western Ontario. It has an option to acquire a 100% interest in the Davidson molybdenum project located in British Columbia.
The stock is down 13% on no news.
The stock is trending and you can see why. A major popper in the last few days. The stock has broken out above $0.25 and is technically in a new uptrend. Today’s move is more of a pullback.
Razor Energy (RZE.V)
Market Cap ~ $5.3 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 down 21.1% on no news.
The stock is now breaking down below a major support zone. If the stock closes below this zone, then the next support comes in under $0.10.
Resolute Resources (RRL.V)
Market Cap ~ $1.38 million
Resolute Resources Ltd., an energy company, engages in the exploration and development of crude oil from shallow cretaceous sandstone reservoirs utilizing multi-lateral drilling technology in Northeast British Columbia and Northwest Alberta.
The stock is down 20% on news of an update and the initiation of a strategic review.
Not much to say here other than the stock is bouncing around a support level. A close above $0.04 would be helpful and provide some upside momentum.
Andean Precious Metals (APM.V)
Market Cap ~ $115 million
Andean Precious Metals Corp., operates as a mining company, engages in the acquisition, exploration, development, and operation of mineral resource properties in Bolivia. The company primarily explores for silver and gold deposits. It holds 100% interest in San Bartolomé project in Bolivia.
The stock is down 21% on no news.
Looks like profit taking as the stock broke out above the $0.70 resistance which is now support. Watch for buyers to defend this zone and continue the uptrend.
Aston Bay (BAY.V)
Market Cap ~ $28 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 16% on no news.
The stock is making a push to breakthrough the upper portion of the gap. This is a major resistance zone. If bulls can bush through and fill the gap then the bullish momentum on this stock will be immense.
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