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
BBTV Holdings Inc (BBTV.TO)
Market Cap ~ $7.6 million
BBTV Holdings Inc., a media and technology company, provides end-to-end management, distribution, and monetization solutions through the VISO platform to individual content creators and media companies.
The stock is up 48.9% on news it has entered into an agreement with 15384150 Canada Inc., whereby the Company will effect a going private transaction by way of a statutory plan of arrangement under Section 192 of the Canada Business Corporations Act. Pursuant to the Arrangement, the Purchaser, which is a corporation owned by Shahrzad Rafati the founder, Chief Executive Officer and a director of the Company, and Hamed Shahbazi, a director of the Company, will acquire all of the issued and outstanding subordinate voting shares of the Company at a price of $0.375 per Subordinate Voting Share.
A big pop just a day before the stock printed record lows. $0.375, the price that the Corporation will acquire BBTV shares for is coming up and is the next resistance level.
Norseman Silver (NOC.V)
Market Cap ~ $7.5 million
Norseman Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of mineral properties in Canada and Argentina.
The stock is up 69.23% on no news. Traders on message boards believe something is coming down the pipe soon.
A shift in trend? It appears so with the stock taking out the current lower high at $0.06. As long as the stock remains above this price level, it can make a run to break above this resistance at $0.10.
Golden Minerals Company (AUMN.TO)
Market Cap ~ $13 million
Golden Minerals Company, a precious metals exploration company explores for mineral properties. It explores for gold, silver, copper, zinc, lead, and other minerals.
The stock is up 30.76% on no news. Last month, the Company did file an updated PEA.
Another strong reversal candidate. After a long downtrend, the stock began to range indicating selling exhaustion. Now, the stock is looking to close above $1.50 which is the current lower high.
Provenance Gold Corp (PAU.C)
Market Cap ~ $8.4 million
Provenance Gold Corp., a junior exploration company, engages in the identification, acquisition, and exploration of mineral interests in the United States. The company explores for gold and silver deposits.
The stock is up 23.53% on news of drill results from its maiden drill program at its Eldorado Gold Property in Eastern Oregon. Intersecting 12 Meters of 18.01 g/t Gold Within 119 meters of 3.28 g/t Gold from Surface.
The stock is looking to close over $0.10 today. This would lead to a move to the nearby resistance zone around $0.12-$0.13.
SPC Nickel Corp (SPC.V)
Market Cap ~ $9.6 million
SPC Nickel Corp., a junior mining company, engages in the acquisition, exploration and development of mineral properties in Canada. It primarily explores for nickel, copper, and platinum group metals.
The stock is up 18.2% on news of assay results. SPC Nickel Intersects Additional Shallow Mineralization Grading 1.01% Nickel and 0.53% Copper over 17.0 metres at West Graham Project located in the Sudbury Mining District.
Watch for a potential bottoming pattern to develop and trigger. The stock is in the early stages of a double bottom pattern (‘W’ shaped) and a close above $0.07 triggers it.
Top 5 Losers
C-COM Satellite Systems (CMI.V)
Market Cap ~ $40 million
C-Com Satellite Systems Inc. develops and deploys commercial grade mobile auto-deploying satellite-based technology for the delivery of two-way high-speed Internet, VoIP, and video services into vehicles.
The stock is down 15.9% after it reported Q3 results. The Company generated revenues of $1,223,479 as compared to $2,039,798 in Q3 of 2022 and is reporting a net loss of $148,135 as compared to a net profit after tax of $233,935, or 1 cent per share in Q3, 2022. The year-to date net income for fiscal 2023 stands at $17,467, as compared to $1,196,033 of net income for the same period last year. To the end of Q3, the Company’s cash-flow from operations was a deficit of $1.5 million – driven mainly by the drop of net income and investments in new inventory. Working capital at end of Q3 was a healthy $24.3 million, down $1.1 million from the end of fiscal 2022. The Company paid out $522,330 in dividends during the third quarter, while continuing to innovate and invest in the next generation of advanced antenna products.
The stock is moving lower but remains within the range it had developed since July 2023. $1.40 to the upside and $0.87 to the downside. A retest of the bottom portion of this range could provide a sign of buyers stepping in and thus maintaining the range.
Q Battery Metals Corp (QMET.C)
Market Cap ~ $1.18 million
Q Battery Metals Corp. engages in the exploration and development of mineral properties in Canada. The company primarily explores for lithium, gold, silver, lead, copper, nickel, cobalt, zinc, molybdenum, chromium, and platinum group elements.
The stock is down 33.33% on news that the Company has acquired the Versant Uranium property located in the Lac Jerome municipality in the Cote-Nord region of Quebec. The property was staked by Q Battery Metals to cover a trend of elevated uranium and Rare Earth Elements ( REE ) returned from rock sampling by other companies.
The stock is retesting 52 week lows at $0.02. Will buyers step in? Or will the stock print new record lows?
Canadian Premium sand Inc (CPS.V)
Market Cap ~ $ 25 million
Canadian Premium Sand Inc., an exploration stage company, explores for and develops silica sand deposits. Its flagship project is the Wanipigow Sand Project consists of 41 contiguous quarry leases covering 2,148 hectares located to the North-East of Winnipeg, Manitoba.
The stock is down 16.2% on no news.
The stock has been bleeding after closing below $0.46. Now the stock will have a chance to find some rest as it approaches support around the $0.30 zone. A breakdown below here would be extremely bearish.
Gamelancer Media Corp (VRTS.TO)
Market Cap ~ $20 million
Gamelancer Media Corp. a development stage technology and entertainment company. The company provides direct advertising services to brands through its social media channels, as well as focuses on acquiring assets on esports loyalty and rewards programs to unite the global gaming community.
The stock is down 12.5% on no news however, two days ago the Company engaged Revmo, an innovative platform designed to facilitate meaningful connections among professionals across diverse industries and roles. With Revmo’s advanced search and enhanced path discovery program, professionals in fields such as finance, business development, and recruitment can easily connect and collaborate. This partnership aligns with Vertiqal’s strategic business development plan, providing promising potential for its growth strategy.
The stock is retesting previous all time lows. Bulls should watch for large green candles and wick candles to indicate buyers are stepping in here.
Montero Mining and Exploration (MON.V)
Market Cap ~ $4.6 million
Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the acquisition, evaluation, exploration, and development of mineral properties in Chile. It explores for gold, silver, and copper molybdenum deposits.
The stock is down 11.1% on no news. Forums are talking about this ‘ridiculous’ selling.
After a major move higher in 2023, the stock gapped down and has begun to sell off, approaching a key support level around $0.10. Many traders on the message boards think the stock is too cheap here given a $10 million USD settlement.
