Top 5 stock gainers and losers: MEK.V, PKG.C, PMKR.V

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

Metals Creek Resources (MEK.V)

Market Cap ~ $6.3 million

Metals Creek Resources Corp., an exploration stage company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, base metals, and platinum group metals.

The stock is up 60% on news that the Company has discovered another new high grade gold discovery while mechanical surface trenching on the Shabaqua Corners Gold Property.

The stock is within a long range and a breakout is what triggers the reversal. Watch for a close above $0.05.

ParcelPal Logistics Inc (PKG.C)

Market Cap ~ $3.5 million

ParcelPal Logistics Inc., a courier and logistics company, provides last-mile delivery service and logistics solutions. The company connects people and businesses through its network of couriers in Vancouver, Calgary, and Toronto, Canada, as well as in the western region of the United States. It offers delivery and logistics solutions for business to business, business to customer, and other creative solution partners in pharmacy and health, meal kit deliveries, retail, groceries, and other verticals.

The stock is up 50% on news of its October 2023 results which includes record margins resulting in operational profits.

The stock is finding a bid at major support. Watch for a break above $0.025.

Playmaker Capital (PMKR.V)

Market Cap ~ $151 million

Playmaker Capital Inc. operates as a digital sports media company that lives at the intersection of sports, betting, media, and technology. The company offers programmatic advertising and direct campaigns to sports betting and iGaming clients; advertising services to traditional blue-chip clients and agencies; syndication services. It also provides technical design, product development, and media management services; and eCommerce services.

The stock is up 33% on news it has entered into a definitive agreement to be acquired by Better Collective, a leading digital sports media group that owns and operates a number of global and national sports brands, including HLTV and Action Network, for total consideration of approximately EUR176 million.

The Consideration is comprised of cash and ordinary shares of Better Collective. Playmaker shareholders will be able to elect to receive, for each Common Share held, either (i) CAD$0.70 in cash, (ii) 0.0206 ordinary shares of Better Collective or (iii) a mix of CAD$0.245 in cash and 0.0134 ordinary shares of Better Collective, representing 35% of the Consideration in cash and 65% of the Consideration in Better Collective ordinary shares.

The Consideration represents a 46% premium to Playmaker’s closing Common Share price on November 3, 2023 and a 44% premium to the 10-day volume-weighted average price per Common Share for the period ended on November 3, 2023, being the last trading day prior to the date of this announcement.

Lithos Energy (LITS.C)

Market Cap ~ $55 million

Lithos Energy Ltd. engages in the exploration and development of mineral properties. It holds interest in the Rhodes Marsh property that comprises two claim blocks located in Mineral County, Nevada, the United States; and the PacMan property, which consists of 120 mineral claims located in Arizona, the United States.

The stock is up 19% on news it has engaged Oak Hill Financial to provide investor relations and capital markets advisory services.

The stock is finding a bid at support around the $0.60 zone. Watch for a break of $0.75.

DevvStream Holdings (DESG.NE)

Market Cap ~ $21.3 million

DevvStream Holdings Inc. operates as a carbon credit generation in Canada and the United States. The company invests in projects or companies that involve in carbon credit markets and provides project management. It generates and manages carbon credits by utilizing the blockchain-based platform. The company also invests in green projects that generate renewable energy, improve energy efficiencies, eliminate, or reduce emissions, and sequester carbon directly from the air.

The stock is up 17% on no news.

The stock made new record lows and is now finding a bid. Still seen as corrective in a downtrend, but this engulfing candle is promising for the bulls.

Top 5 Losers

Radius Gold (RDU.V)

Market Cap ~ $14 million

Radius Gold Inc. engages in the acquisition and exploration of mineral properties. It explores for gold, silver, copper, zinc, and lead deposits. The company holds interests in the Maricela project covering an area of 155 hectares located in Sonora, Mexico; the Rambler project covering an area of 10,379-hectares located in Chihuahua, Mexico; and the Amalia project covering an area of 10,250 hectares located in Chihuahua, Mexico. It also holds interests in the Plata Verde project covering an area of 300 hectares located in Chihuahua, Mexico; Tropico project located in Zacatecas, Mexico; and Holly and Banderas project located in Guatemala.

The stock is down 17% on news of an update on drilling at the Tropico Project. The Company completed an initial 1300m program of diamond drilling in 8 drillholes, with assays received for the first 7 holes. Drilling is planned to resume upon receipt of remaining assay results. Drilling in 5 holes has defined a large gold mineralized hydrothermal breccia body that starts at surface and to date defined 250m down dip. Gold grades are starting to increase with depth, with results for the last and deepest hole pending.

A major breakdown of support and the next support comes in at $0.12. The stock will need to climb back over $0.18 to turn things around.

Resolute Resources (RRL.V)

Market Cap ~ $19 million

Resolute Resources Ltd., an energy company, engages in the exploration and development of crude oil from shallow cretaceous sandstone reservoirs utilizing multi-lateral drilling technology in Northeast British Columbia and Northwest Alberta.

The stock is down 13% on no news.

The stock is dropping and the next support comes in around the $0.24 zone.

West Red Lake Gold Mines (WRLG.V)

Market Cap ~ $102 million

West Red Lake Gold Mines Ltd., acquires, explores for, and develops gold deposits in Canada. It holds interests in the West Red Lake project that comprising the NT Zone, the Mount Jamie Mine, the Rowan Mine, and Red Summit Mine properties covering an area of 3,100 hectares situated in the Red Lake Archean Greenstone Belt, Red Lake Gold District of Northwestern Ontario.

The stock is down 13% on news it is upsizing its marketed private placement of units to CAD $13 million.

A major support zone is being test at $0.55. A breakdown would take the stock to the $0.40 zone.

ReGen III Corp (GIII.V)

Market Cap ~ $36 million

ReGen III Corp., a cleantech company, engages in the used motor oil refining business in Canada. It owns a portfolio of patented technologies that enable used motor oil re-refineries to produce a higher value product mix of base oils.

The stock is down 13% on no news.

The stock is rejecting resistance at $0.375. A break of support would take the stock down to $0.25 and lower.

Sonoran Desert Copper (SDCU.V)

Market Cap ~ $3.6 million

Sonoran Desert Copper Corporation engages in the development, evaluation, and exploration of resource properties. The company primarily explores for palladium, platinum, copper, nickel, and gold deposits. It holds 100% interest in the Kelly project covering an area of 2,418 hectares located in the Ontario, Canada. The company also holds 100% ownership in three mineral interest claims located in the Pakwash and Bluffy Lake areas of the Red Lake gold district in Ontario; and 100% interest in the La Sarita Copper-silver project located in the Sonora, Mexico. In addition, it has an option to acquire a 100% interest in the La Verde project, as well as entered into an agreement to acquire 100% interest in mineral claims in the Dixie Lake area of Red Lake mining district of Ontario.

The stock is down 12% on no news.