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
NTG Clarity Networks Inc (NCI.V)
Market Cap ~ $5.2 million
NTG Clarity Networks Inc. provides telecommunications engineering, information technology, networking, and related software solutions worldwide.
The stock is up 16.67% on yesterday’s news that the Company has received 2 new purchase orders for $4.7 million in renewals and new work for two existing customers in the Financial Sector.
The stock is seeing heavy volume of 1,000,000 plus shares traded today. The stock remains in a range phase. A new uptrend could be in the works but this requires a breakout of the range. Bulls should watch for a break above $0.045.
TeraGo Inc. (TGO.TO)
Market Cap ~ $32 million
TeraGo Inc., together with its subsidiaries, provides connectivity services for businesses primarily in Canada. It owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, and Internet protocol communications network that provide Internet access, private interconnection, and data connectivity services.
The stock is up 35.83% on no news.
The stock printed new 52 week lows yesterday hitting $1.16. Today’s bounce is set to form an engulfing candle. This can be interpreted as a bullish candle but it depends on where it occurs. Currently, it looks like shorts are being closed for profits. Resistance comes in at $1.60, which is the key zone to nullify the further downtrend.
Vertical Exploration (VERT.V)
Market Cap ~ $13 million
Vertical Exploration Inc., a junior mining company, engages in the exploration and evaluation of mineral properties in Canada. Its flagship project is the 100% owned St-Onge Wollastonite project consists of 26 map-designated cells covering an area of approximately 1,465 hectares located at St-Onge township in the Saguenay-Lac-St-Jean region of Quebec.
The stock is up 18.75% on no news.
We have an interim uptrend with the stock moving higher with higher highs and higher lows. Now, the stock is looking to test the key resistance at $0.12.
Montero Mining and Exploration (MON.V)
Market Cap ~ $5.4 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 up 16.7% on no news. Message boards are debating on whether a major settlement will be resolved sooner rather than later.
The stock is seeing a pop in a downtrend. The $0.10-$0.12 zone is a major support zone and bulls should see if a range or base can develop here. $0.18 is the major resistance zone.
POSaBIT Systems Corporation (PBIT.C)
Market Cap ~ $56 million
POSaBIT Systems Corporation operates as a financial infrastructure provider in Canada and the United States.
The stock is up 17% on no news but eight days ago, the Company provided an update on its PIN debit processing solution.
The pop today comes after the stock sold off hard on the recent update on the PIN debit processing solution. The retracement here is seeing double digit percentage gains but the stock does need to climb back above $0.63 to nullify any more downside momentum.
Top 5 Losers
Western Gold Exploration (WGLD.V)
Market Cap ~ $3.5 million
Western Gold Exploration Ltd., through its subsidiaries, engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds interest in the Lagalochan copper-gold porphyry project located in Kilmelford, Scotland, which has base metal exploration rights over 612.5 hectares and right to lease gold exploration rights over 118 square km.
The stock is down 22.22% on no news however yesterday, the Company announced the commencement of drilling on its Lagalochan Property.
The stock has recently printed new 52 week lows of $0.07. It is currently testing this zone again. Can buyers defend? Or is the stock set to print new 52 week lows?
Golden Shield Resources (GSRI.C)
Market Cap ~ $7.5 million
Golden Shield Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Guyana. It explores for gold deposit. The company’s 100% owned flagship project is the Marudi Mountain Project that covers an area of 5,457 hectares located in southwestern Guyana.
The stock is down 23% on news of its initial results from the ongoing reverse circulation (“RC”) drill campaign at the Company’s flagship Marudi Mountain gold project. Golden Shield Drills 7 m at 7.50 g/t Au and 15 m at 0.94 g/t Au.
The market may not have liked the results, but the stock has not broken down just yet. The range is still being held with support coming in at $0.15.
Troubadour Resources Inc. (TR.V)
Market Cap ~ $831,000
Troubadour Resources Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company primarily explores for copper, molybdenum, and gold deposits. The company holds 100% interest in the Amarillo property comprising ten mineral claims that covers an area of 6,201 hectares located in the Osoyoos Mining District, British Columbia.
The stock is down 21.43% on no news.
Just a rejection at the upper portion of the range. The stock is ranging between $0.08 and $0.045. Bulls want to see the upside portion break.
Gold Flora Corporation (GRAM.NE)
Market Cap ~ $16 million
Gold Flora Corporation engages in the cultivation, manufacturing, extraction, distribution, and retailing of cannabis products in California. It offers disposable vape pens and gold flora flowers.
The stock is down 22% on no news.
The stock is still within a range. We know there are buyers at the bottom portion of support at $0.08 as seen by the huge wick candle. The upper portion of resistance comes in at $0.22.
United Lithium Corp (ULTH.C)
Market Cap ~ $33 million
United Lithium Corp. engages in the acquisition, exploration, and evaluation of natural resource properties. It explores for lithium deposits. The company holds 100% interest in the Bergby Lithium Project, located in Sweden.
The stock is down 14% on drill results. United Lithium Intersects 1.45% Li2O over 29.5 m and 1.52% Li2O over 26 m at Kietyönmäki Project, Finland.
The stock is pulling back after making a nice run on the breakout above $0.24. This remains the key support zone for the retest.
