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
Patagonia Gold (PGDC.V)
Market Cap ~ $12 million
Patagonia Gold Corp. engages in the exploration, exploitation, and development of mineral properties and resources in Argentina and Chile. It explores for gold and silver. The company primarily focuses on the Calcatreu project in Rio Negro; and the development of the Cap-Oeste underground project.
The stock is up 66% on news on the closing of the transaction to reacquire the COSE property from Pan American Silver Corp.
The stock is ranging and needs a close above $0.03 to confirm a breakout and the beginning of a new uptrend. This news may help attract eyes and buyers to this chart.
Sparc AI Inc (SPAI.CN)
Market Cap ~ $3.5 million
Sparc Al Inc, an electronics and software engineering company, engages in the development, patenting, and commercialization of spatial, predictive, approximation, and radial convolution (SPARC) technology. Its products include EYEfi Cloud, a platform that offers remote monitoring, intelligence gathering, and situational awareness solutions; EYEfi Cloud Connect, an end-to-end colour video surveillance solution; EYEfi Sensor 3.0, which is used for monitoring and intelligence gathering applications from industrial-grade camera sensors; EYEfi SPARC, a situational awareness technology for government and industry; and EYEfi Spatialeye, a solution that spatially enables smartphones, wearable technology, and UAVs.
The stock is up 50% on no news.
Structurally, we have a nice looking reversal setup. We have a double bottom with the second bottom coming in as a higher low. Resistance here is being tested.
SouthGobi Resources (SGQ.V)
Market Cap ~ $266 million
SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia, Hong Kong, and China. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia. The company also holds interest in Zag Suuj and Soumber Projects. In addition, it engages in the logistics and trading of coal in Mongolia and China.
The stock is up 42% on no news.
The stock did fill the gap but is now climbing strongly back above the $0.80 zone. Technically, bulls would want to see recent highs be taken out in order to confirm a new higher low.
TomaGold Corporation (LOT.V)
Market Cap ~ $6.5 million
TomaGold Corporation, together with its subsidiaries, engages in the acquisition, exploration, assessment, and development of gold mineral properties in Canada. The company also explores copper and rare-earth minerals. It holds interests in properties located in northern Quebec and Ontario.
The stock is up 40% on news that they are finalizing the financing to acquire Chibougamau’s East Block of copper-gold properties. In order to allow TomaGold to complete the complicated procedures of legal and regulatory paperwork and approvals, Chibougamau has extended the date to finalize the transaction to April 30, 2024.
A range has broken and today we are seeing the possibility of the first higher low in a new uptrend. This is looking very bullish but investors should watch for a close above the $0.03 zone to confirm this higher low.
Freeman Gold (FMAN.V)
Market Cap ~ $24 million
Freeman Gold Corp. engages in the exploration and evaluation of mineral properties in Canada. It holds a 100% interest in the Lemhi gold project comprising 10 patented mining claims, 1 patented millsite, and 333 unpatented claims covering an area of approximately 6,739 acres of mineral rights and 615 acres of surface rights located in Lemhi County, Idaho.
The stock is up 33% on no news.
Need I say more? Very strong price action with an inverse head and shoulders pattern. This looks great for a set up. A retest of $0.14 is possible before continuing higher.
Top 5 Losers
Camino Minerals (COR.V)
Market Cap ~ $13 million
Camino Minerals Corporation, an exploration stage company, engages in the exploration and development of mineral properties primarily in Peru. The company explores for copper, gold, and silver deposits. It owns 100% interests in the Plata Dorada project, which consists of 6 claims totaling an area of 2,100 hectares located in the Department of Cuzco, Peru; the Maria Cecilia project covering an area of approximately 7,110 hectares located in the Cordillera Negra Mountain; and the Los Chapitos property comprises 12 claims that covers an area of 6,000 hectares located in department of Arequipa, Peru. The company also has an option agreement to acquire 100% interests in the Red Beds project that comprises three mineral concessions covering an area of 2,500 hectares located in the Department of Cuzco, Peru; and the Lost Cabin project located north east of Lakeview, Oregon.
The stock is down 13% on no news. Yesterday, the Company announced exploration results from step-out drilling at its Los Chapitos copper property.
The stock is dropping after printing a breakout. This is a bearish sign and the stock is now testing the key support area around $0.055.
ThreeD Capital (IDK.CN)
Market Cap ~ $22 million
ThreeD Capital Inc. is a venture capital firm specializing in seed/startup, early venture, and growth capital opportunistic investments. The firm seeks to invest in industrials, health care, information technology; software, biotechnology; renewable technology, AI/Machine learning, blockchain, nanotechnology, electric vehicles, internet of things, electronic sports, junior resources with an emphasis on the precious-metal and battery-metal sectors; artificial intelligence with a focus on disruptive data science technologies, machine learning, and neuro networks; and blockchain sectors with a focus on blockchain assets.
The stock is down 12% on no news.
The stock has given up its gains. Now, it is testing the key support area here. The next week will determine whether buyers will step in here.
Canter Resources (CRC.CN)
Market Cap ~ $16 million
Canter Resources Corp. focuses on the exploration for and development of base and precious mineral resources in Canada. It has an option to acquire a 60% interest in the Schotts Lake property consists of 12 MARS mineral claims covering an area of 2,160 hectares located to the northwest of Flin Flon, Manitoba.
The stock is down 11% on no news.
Watch out below? The stock has a huge gap here. Gaps tend to act as support, but the price action is looking negative with the downtrend. A major drop and gap fill could occur.
XEBRA Brands (XBRA.CN)
Market Cap ~ $5.7 million
Xebra Brands Ltd. engages in the cultivation, processing, manufacturing, design, and delivery of cannabis products in Canada and Mexico. It provides cannabis infused beverages, including seltzers, soft drinks, iced teas, lemonades, waters, and energy and sport drinks; and wellness products that include capsules, tinctures, topicals, and intimate oils for personal care.
The stock is down 8% on no news.
The uptrend is intact but the stock continues to form higher lows and higher higher. A close below $0.09 would shift trends.
BriaCell Therapeutics (BCT.TO)
Market Cap ~ $54 million
BriaCell Therapeutics Corp. operates as a Phase 3 biotechnology company transforming cancer care with its novel cellular immunotherapies. It is conducting a pivotal Phase 3 clinical trial in advanced breast cancer with its Bria-IMT in combination with an immune check point inhibitor. It is also developing personalized off-the-shelf treatments for breast cancer, prostate cancer, and other cancers.
The stock is down 8% on no news.
The downtrend is continuing with sellers stepping in at the current lower high. A break of $3.00 is possible with this momentum.
Leave a Reply