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 Gainers
Railtown Capital Corp (RLT-P.V)
Market Cap ~ $55 million
Railtown Capital Corp. does not have significant operations. It intends to identify and evaluate business acquisitions with a view to complete the qualifying transaction.
The stock is up 71.4% on no news, but five days ago, the Company announced the appointment of a CEO and Board Member and a CAD $1 million private placement.
New all time record highs. $0.50 and $1.00 are the psychological zones to work with when a stock is making new record highs. $0.75 is also worth watching.
Miniluxe Holding Corp (MNLX.V)
Market Cap ~ $37 million
MiniLuxe Holding Corp. owns and operates nail and beauty salons in Massachusetts, Rhode Island, California, Texas, and New York. The company provides nail, hand, foot care, and waxing services; and sells personal beauty products.
The stock is up 56% on no news.
The stock is recovering after printing new all time record lows. There is a resistance zone at $0.375 which is also the current lower high.
VERSES AI (VERS.NE)
Market Cap ~ $168 million
VERSES AI Inc., a cognitive computing company, engages in the development of artificial intelligence (AI) software. The company offers KOSM, a network operating system for enabling distributed intelligence; and Wayfinder, an AI assisted order picking solution. It is also developing GIA, an AI powered personal assistant for everyone.
The stock is up 16.3% on no news but three days ago, the Company announced that it will launch its intelligent software platform, Genius™, for exclusive private beta partners and a demo of select Genius™ capabilities during a November 3rd webinar. Early signups have surpassed 1,500 customer sign ups.
The stock is continuing its momentum from last week and continues to gap up on the open. Very bullish price action and the stock has broken above resistance at $1.20. A candle close confirmation above this price level would be a major technical break.
Tiidal Gaming (TIDL.C)
Market Cap ~ $9.6 million
Tiidal Gaming Group Corp., esports and gaming platform company, owns and operates synergistic businesses focused on media and technology in the gaming ecosystem.
The stock is up 15.7% on news of providing an update on strategic review and announces intention to commence substantial issuer bid.
The stock has been ranging and creeping upwards since Spring 2023. The stock is now set to test the major resistance zone again around $0.12. The stock has attempted to breakout above this zone this year but to no success.
Thunder Gold (TGOL.V)
Market Cap ~ $5.2 million
Thunder Gold Corp., a junior exploration company, engages in the acquisition, exploration, and development of mining properties in Canada. Its flagship property includes the Tower Mountain gold project that consists of 205 single cell mining claims, 24 boundary claims, and 3 owned patents covering an area of approximately 2,850 hectares located in northwestern Ontario.
The stock is up 20% on no news and with volume nearly four times its average volume.
The stock is ranging after printing record lows. Now, we are testing the upper portion of this range which also coincides with the trendline. Watch for a break.
Top 5 Losers
Trillion Energy International (TCF.C)
Market Cap ~ $19 million
Trillion Energy International Inc. operates as an oil and gas exploration and production company with assets in Turkey and Bulgaria. It owns 49% interests in the SASB natural gas field covering an area of 12,387 hectares; 19.6% ownership interest in the Cendere oil field; and 50% operating interest in the Bakuk gas field located near the Syrian border.
The stock is down 46.1% on news of an update on its three well perforation program at the SASB gas field. So far, two out of the three well operations have now been commenced or successfully completed. As a result, total combined production at SASB is currently 14.4 MMcf/d (100%) – 7,056 MMCF/d net to Trillion into the gas sales pipeline.
An extreme sell off after breaking down below $1.50. The stock is right at a major support zone at $0.25. A close below this would take us down to $0.125.
The Cannabist Company Holdings (CBST.NE)
Market Cap ~ $159 million
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. It holds licenses in 17 jurisdictions in the United States.
The stock is down 24% on no news.
The stock has printed new all time record lows and continues to do so. $0.50 and $0.25 are the psychological zones to watch in these new levels for the stock.
First Quantum Minerals (FM.TO)
Market Cap ~ $14.25 billion
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia. It is exploring the Taca Taca copper-gold-molybdenum project in Argentina, as well as the Haquira copper deposit in Peru.
The stock is down 26% on news that Panama’s government said it will hold a referendum on the Cobre Panama mine as it attempts to quell mass unrest.
A major gap down on the political news. $20 is the next major support zone. Watch for a reaction here as this is where bulls would enter on the drop.
Juggernaught Exploration (JUGR.V)
Market Cap ~ $7.8 million
Juggernaut Exploration Ltd. engages in the acquiring, exploring, and evaluating mineral resource properties in Canada. It explores for precious and base metal deposits. The company has an option to acquire 100% interest in the Midas property covering an area of approximately 16,671 hectares located in the Skeena Mining District, British Columbia; and the Empire property covering an area of approximately 16,399 hectares located in the Omineca Mining District, British Columbia. It also has an option to earn 100% interest in the Gold Standard property covering an area of approximately 3,961 hectares; and the Gold Star property covering an area of approximately 238 hectares located in the West Central British Columbia.
The stock is down 13.7% on no news.
Investors should be careful as this stock is battling at a major support zone. A break below $0.12 and we would have a broad head and shoulders pattern trigger.
Serabi Gold (SBI.TO)
Market Cap ~ $44 million
Serabi Gold plc engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil. The company explores for and produces gold and copper deposits. It primarily holds 100% interests in the Palito mining complex covering an area of approximately 56,631 hectares; and the Coringa Gold Project located in the Tapajos region of northern Brazil.
The stock is down 17% on no news.
The stock is rejecting the resistance zone at $0.70, but a reversal pattern set up still is intact. $0.50 is support and if the stock can hold this zone, there is a chance $0.70 will break.
