19 December 2024

Howe Street Reporter Title

Top 5 Gainers and Losers: PMET.TO, GPV.V, REAL.TO


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

GoviEx Uranium (GXU.V)

Market Cap ~ $85 million

GoviEx Uranium Inc., a mineral resources company, engages in the acquisition, exploration, and development of uranium properties in Africa. The company’s principal asset is the Madaouela project which holds 80% interest located in north-central Niger. It also owns 100% interest in the Muntanga project that consists of 3 mining licenses situated to the south of Lusaka, Zambia; and the Falea project, which consists of three exploration licenses located in Mali.

The stock is up 23% on no news.

TSXV_DLY:GXU Chart Image by Uncharted-FX

The stock just bounced at a major support level at $0.08 before bouncing. There is still some work to be done to nullify bearish price action even with today’s price action. Bulls should watch for a close to fill the gap. A close above $0.125.

Auric Resources (RES.V)

Market Cap ~ $6.1 million

Auric Resources Corp. does not have significant operations. It intends to identify and evaluate assets or businesses with a view to complete a transaction.

The stock is up 16% on no news.

TSXV_DLY:RES Chart Image by Uncharted-FX

From a technical analysis perspective, the stock is in a new uptrend. We do have a higher high and higher low. As long as the price remains above $0.10, the uptrend continues.

Winshear Gold (WINS.V)

Market Cap ~ $5 million

Winshear Gold Corp., a junior gold exploration company, engages in the identification, acquisition, exploration, and development of mineral properties. The company holds 100% interest in the Gaban gold project that consists of 41 concessions covering an area of 15,629 hectares located in the Puno Orogenic Gold Belt in south eastern Peru. It also holds 100% interest in the ICA iron oxide-copper-gold project, which covers an area of 2,933 hectares located to the southeast of the town of Ica and southeast of Lima, Peru.

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The stock is up 14% on no news.

TSXV_DLY:WINS Chart Image by Uncharted-FX

Okay, there is something that is worth watching here. Yes, the stock had a huge gap down, but price has begun to range rather than continue lower indicating the exhaustion of selling pressure. We do have a cup and handle looking structure here. The stock looks like it can make a run to $0.25.

Real Matters (REAL.TO)

Market Cap ~ $416 million

Real Matters Inc. operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.

The stock is up 14% on news of Q2 2024 results.

TSX_DLY:REAL Chart Image by Uncharted-FX

A nice move on recovery. Will positive news be enough to shift trends? The $6.00 zone is the big one for this stock. This was the neckline for the head and shoulders pattern which triggered. If the stock can regain above $6.00, it would be able to make a run to the major resistance at $7.00.

Patriot Battery Metals (PMET.TO)

Market Cap ~ $1.06 billion

Patriot Battery Metals Inc. engages in the identification, evaluation, acquisition, and exploration of mineral properties. The company primarily explores for gold, copper, silver, platinum, and lithium deposits. Its flagship properties include Corvette- FCI project comprising 417 claims totaling 21,357 hectares located in Quebec.

The stock is up 10% on news of a new high-grade zone discovery.

TSX_DLY:PMET Chart Image by Uncharted-FX

Good structure here and a potential for a reversal pattern in play. The double bottom pattern can trigger here with a close above the $9.00 zone. Watch for this in coming days and weeks.

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Top 5 Losers

GreenPower Motor Company (GPV.V)

Market Cap ~ $49 million

GreenPower Motor Company Inc. designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.

The stock is down 21% on news of a underwritten public offering of US$2.3 million consisting of 1,500,000 common shares at a price of US$1.55 per share.

TSXV_DLY:GPV Chart Image by Uncharted-FX

The stock is adjusting to the public offering price at US$1.55. Buyers have stepped in though and pretty strongly buying the dip. We have a nice dragonfly doji candle currently which is bullish. Watch to see if the stock will be able to fill in the gap.

Showcase Minerals (SHOW.CN)

Market Cap ~ $13 million

Showcase Minerals Inc. engages in the identification, acquisition, exploration, and development of mineral projects. The company primarily explores for gold and vanadium deposits. It owns interests in the Dixie Flats which consist of 180 unpatented lode claims covering approximately 1311 hectares; the North Star which consist of 56 unpatented lode claims covering 360 hectares; and Woodruff claims which consist of 18 unpatented lode claims covering approximately 147 hectares located in Elko County, Nevada.

The stock is down 18% on no news.

CSE:SHOW Chart Image by Uncharted-FX

Pump and dump anyone? Now a major support level is being broken here which means we are likely moving lower to test support at $0.50.

Torq Resources (TORQ.V)

Market Cap ~ $13 million

Torq Resources Inc., a junior exploration company, engages in the acquisition and exploration of mineral properties in the Americas. It has an option to acquire 100% interests in the Margarita iron oxide-copper-gold project covering an area of approximately 1,445 hectares located in the city of Copiapo, Chile; Santa Cecilia gold-copper project, which covers an area of 3,250-hectares located in Chile; and Andrea copper porphyry project that covers an area of 1,200 hectares located in northern Chile.

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The stock is down 17% on news of a private placement of up to 15,000,000 units of the Company at an offering price of $0.10 per unit for gross proceeds of up to $1.5 million.

TSXV_DLY:TORQ Chart Image by Uncharted-FX

The downtrend continues with recent support being broken. The next level lower comes in around $0.065. To turn things around, the stock would need to close above the $0.175 zone.

American Aires (WIFI.CN)

Market Cap ~ $62 million

American Aires Inc., a nanotechnology company, engages in the research, development, and implementation of innovative technology solutions that restructure and transform electromagnetic field haze into biologically-compatible form in Canada and internationally. Its products include the Lifetune One, a device specific solution that sticks directly onto electronic devices, offering immediate protection against harmful electromagnetic radiation solution for use with devices such as phones, tablets, and laptops; and the Lifetune Flex, a versatile electromagnetic fields (EMF) protection solution for constant coverage from electromagnetic radiation.

The stock is down 12% on no news.

CSE:WIFI Chart Image by Uncharted-FX

A range here after an uptrend. This tends to suggest the end of the upwards momentum but this is not confirmed until we get a break. Support comes in at $0.88.

BevCanna Enterprises (BEV.CN)

Market Cap ~ $5.5 million

BevCanna Enterprises Inc. manufactures and sells cannabis beverage products and bottled water in Canada and the United States. It develops and manufactures a range of alkaline, mineralized, and cannabinoid beverages and supplements for in-house brands and white-label clients under TRACE brand name, as well as natural health products, that includes nutraceutical and hemp-based cannabis products through e-commerce platform.

The stock is down 42% on no news.

CSE:BEV Chart Image by Uncharted-FX

A bit of a recovery here but the stock is now selling off hard. The $1.00 major psychological zone is now being tested.


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