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
Opus One Gold Corporation (OOR.V)
Market Cap ~ $3.2 million
Opus One Gold Corporation engages in the acquisition, exploration, and evaluation of mineral properties primarily in Canada. It explores for gold and base metals.
The stock is up 100% on news the Company observed several pegmatites during the completion of its field season on its Wemindji and LaGrande properties located in the northern portion of the Eeyou Itschee James Bay mineral district.
Strong performance with today’s news and the stock could be seeing the second bounce of a double bottom reversal pattern. Major resistance comes in at $0.05. Watch for a trendline break on today’s close.
Trailbreaker Resources Ltd (TBK.V)
Market Cap ~ $8 million
Trailbreaker Resources Ltd., operates as a mineral exploration company, focuses on the acquisition, evaluation, exploration, and development of mineral assets in Canada. The company’s flagship property comprises the Atsutla gold project that consists of 36 mineral tenures covering approximately 40,000 hectares located in the northwestern British Columbia.
The stock is up 41.17% on no news. Many on message boards are saying it is because of this tweet:
Today’s pop is strong and could actually result in a breakdown fakeout. After the breakdown of $0.24 and the triggering of a head and shoulders reversal pattern, the stock could close back above this zone nullifying further downside. However, if we do not get a close above $0.24, then the bears can still step in.
Tectonic Metals Inc (TECT.V)
Market Cap ~ $44 million
Tectonic Metals Inc. engages in the acquisition, exploration, and evaluation of mineral properties. It primarily explores for gold deposits. The company holds 100% interests in the Tibbs project located in Fairbanks Recording District, Alaska; Flat project situated in the Kuskokwim Mineral Belt, Alaska; and Carrie Creek and Mt. Harper properties located in the Goodpaster District, Alaska.
The stock is up 16.67% on no news.
This looks like a stock that is primed for a run. It is just battling at resistance and today’s price action could result in the breakout. But that will only be confirmed on the close. Any positive fundamental news would also get this stock going.
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 up 16.67% on no news however, two days ago, news came out that Vertiqal Studios Outperforms Q1-Q3 OTT Revenue Projections.
The stock is still in a downtrend as can be seen with lower highs and lower lows. Record lows were recently printed at $0.025. The current lower high is $0.05. The stock would need a close above this level to reverse the trend.
Cybin Inc (CYBN.NE)
Market Cap ~ $230 million
Cybin Inc., a clinical-stage biopharmaceutical company, focuses on developing psychedelic-based therapeutics. The company’s development pipeline includes CYB003, a deuterated psilocybin analog, which is in Phase 1/2a clinical trial to treat major depressive and alcohol use disorders; CYB004, a deuterated dimethyltryptamine, which is in Phase 1 clinical trial for treating generalized anxiety disorders; and CYB005, a phenethylamine derivative, which in preclinical stage to treat neuroinflammation.
The stock is up 14.5% on news that the United States Patent and Trademark Office has issued two patent grants that offer protection for its deuterated N, N-dimethyltryptamine (“DMT”) program.
The granted patents protecting the Company’s deuterated DMT program are:
- United States patent no. 11,771,681, which provides composition of matter protection for certain deuterated analogs of DMT; and
- United States patent no. 11,773,062, which provides protection for the medical use and the novel, efficient and scalable synthesis of certain analogs of DMT.
The stock is testing support at the $0.60 zone and is currently finding buyers here. This is an important zone for the stock if it wants to continue momentum higher. A close below would be bearish.
Top 5 Losers
Victory Battery Metals (VR.C)
Market Cap ~ $1.15 million
Victory Battery Metals Corp., a junior exploration stage mining company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for lithium, nickel, gold, and copper.
The stock is down 40% on news of a share consolidation. The Company intends to proceed with a consolidation of its common shares (each, a “Share”) on the basis of five (5) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”). The Board of Directors approved the consolidation on October 23, 2023. The Company currently has 78,695,176 Shares issued and outstanding. Accordingly, once the Consolidation is effective, the Company will have 15,739,035 Shares issued and outstanding.
The stock has broken below key support and has made new all time record lows. The stock will need to regain $0.03 to gain some upside momentum.
Progressive Planet Solutions (PLAN.V)
Market Cap ~ $12 million
Progressive Planet Solutions Inc., together with its subsidiaries, engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for natural pozzolan deposits. The company holds 100% interest in the Z1 Zeolite property located 3 kms northeast of Cache Creek, British Columbia.
The stock is down 21.4% on no news.
A major breakdown here and the next support level comes in around the $0.09 zone.
Canopy Growth Corporation (WEED.TO)
Market Cap ~ $531 million
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.
The stock is down 13.7% on no news. Many calling it a pump and dump given the chart.
After a nice 200% plus rally, the stock has pretty much given back the majority of those gains. Well it has given up all those gains when you consider where the stock broke out from. We are now testing this breakout zone and the stock did see some buyers yesterday. But it does not look like it will be enough.
Helius Minerals Limited (HHH.V)
Market Cap ~ $4.2 million
Helius Minerals Limited operates as a mining company. The Company explores and develops copper and gold minerals.
The stock is down 50% on no news.
After a gap up breakout, the stock is seeing some profit taking. The stock must remain above $0.08 if it wants to hold the gap.
Cannabist Company Holdings (CBST.NE)
The Cannabist Company Holdings Inc. engages in the cultivation, manufacture, and provision of cannabis products and related services in the United States and internationally. The company offers spanning flower, edibles, oils, and tablets under the Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber brand names.
The stock is down 14% on no news.
A drop with the stock looking to retest a previous record low. Unless we see a large influx of buying, today’s close will set a record candle body close.
