23 September 2024

Howe Street Reporter Title

Top 5 Gainers and Losers: GLDS.CN, INEO.V, ALV.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

Golden Spike Resources (GLDS.CN)

Market Cap ~ $7.5 million

Golden Spike Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for copper and gold deposits. The company has an option to acquire a 100% interest in the Gregory River property that includes 17 mineral claims covering an area of approximately 3,425 hectares located in Newfoundland.

The stock is up 42% on no news.

CSE:GLDS Chart Image by Uncharted-FX

The stock attempted a reversal pattern breakout with a candle close above the $0.20 resistance zone this week. Unfortunately no daily candle close above this zone. Today, the stock is attempting to test this zone again. A good set up to watch for through next week.

Alvopetro Energy (ALV.V)

Market Cap ~ $186 million

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.

The stock is up 26% on news of results of the Caburé Unit redetermination process wherein the appointed independent expert has found in favour of Alvopetro’s final proposal, increasing Alvopetro’s working interest to 56.2%.

TSXV_DLY:ALV Chart Image by Uncharted-FX

We do have a large gap up candle on today’s news indicating the market sees it as positive. A daily close above $5.10 will be see the stock retake a broken support level. Until this happens, the downtrend remains intact.

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Sassy Gold (SASY.CN)

Market Cap ~ $7.3 million

Sassy Gold Corp., an exploration stage company, identifies, acquires, and explores for precious metal resources in Canada. It explores for gold and uranium deposits. The company holds 100% interests in the Foremore property covering an area of 14,585 hectares located in the Eskay Creek District of British Columbia; and the Gander properties located in Newfoundland. It also holds an option agreement to acquire 100% interest in the Highrock Uranium property located in Saskatchewan.

The stock is up 26% on news the Company has provided further information on its ongoing uranium property acquisitions in the Western United States, strategically positioning Sassy as the most dominant landholder with multiple past producing mines and deposits in Lisbon Valley, Utah, historically the state’s most productive uranium district.

CSE:SASY Chart Image by Uncharted-FX

We have a very good chart set up. The stock broke above the $0.06 zone to trigger an inverse head and shoulders pattern. A nice move higher with the stock about to test the next resistance at $0.12.

Minco Silver Corporation (MSV.TO)

Market Cap ~ $13 million

Minco Silver Corporation, an exploration stage company, engages in exploring, evaluating, and developing precious metals mineral properties and projects. The company explores for gold and silver deposits. It holds interests in the Fuwan Silver project.

The stock is up 23% on no news.

TSX_DLY:MSV Chart Image by Uncharted-FX

The stock is basing and has been since 2023. It needs a strong close above $0.25 to trigger the breakout. With silver prices ramping, perhaps this is the year for the break.

INEO Tech Corp (INEO.V)

Market Cap ~ $7.6 million

INEO Tech Corp., through its subsidiary, INEO Solutions Inc., provides analytics and advertising services through cloud-based internet of things in Canada. Its technology combines security tag readers for digital advertising at the entrance and exit of retail stores. The company’s cloud-based platform uses Internet of Things and artificial intelligence technology to deliver digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location.

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The stock is up 25% on no news.

TSXV_DLY:INEO Chart Image by Uncharted-FX

These are the type of charts I like. We have a basing pattern and a breakout which is about to trigger with a daily close above $0.08. Watch for a move up to $0.16.

Top 5 Losers

Silver Viper Minerals (VIPR.V)

Market Cap ~ $16 million

Silver Viper Minerals Corp. engages in the acquisition and exploration of mineral properties in Mexico. The company primarily explores for gold and silver deposits. It owns interest in the La Virginia gold-silver project that comprises six mineral concessions covering an area of 35,598 hectares located in Sonora, Mexico.

The stock is down 28% on no news. Yesterday, the Company announced a $4 million private placement.

TSXV_DLY:VIPR Chart Image by Uncharted-FX

The stock tried to breakout but the private placement news saw the stock fall to the $0.10 zone on the price per unit sale.

Almaden Minerals (AMM.TO)

Market Cap ~ $21 million

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company’s principal asset includes a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico.

The stock is down 24% on no news.

TSX_DLY:AMM Chart Image by Uncharted-FX

The stock is in a range and is testing key support at $0.14. A close below will print new all time record lows.

IM Cannabis (IMCC.CN)

Market Cap ~ $15 million

IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.

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The stock is down 23% on no news.

CSE:IMCC Chart Image by Uncharted-FX

A pullback at the resistance zone. The stock is still in a bullish phase and can still make a run as long as it stays above $0.50.

Impact Analytics (PACT.CN)

Market Cap ~ $23 million

Impact Analytics Inc., an intelligent risk assessment platform company, operates as a financial services company focusing on building an AI-powered risk assessment engine to govern and optimize organizational decision making. Its risk assessment model is designed to reimagine traditional finance in a meaningful way.

The stock is down 23% on no news.

CSE:PACT Chart Image by Uncharted-FX

The stock is sinking and now will be testing a key support level around $0.75. Watch to see if buyers can jump in here.

East Side Games Group (EAGR.TO)

Market Cap ~ $69 million

East Side Games Group Inc., through its subsidiaries, develops, operates, and publishes free-to-play mobile games in Canada, the United States, Europe, and internationally. It also develops IdleKit, a proprietary game framework that allows developing of narrative-driven idle games. The company also engages in the sale of in-game virtual items through in-app purchases.

The stock is down 15% on no news.

TSX_DLY:EAGR Chart Image by Uncharted-FX

We have a corrective move as the stock broke out above the $0.60 zone. The breakout is still intact as long as price remains above this price level.


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