Top 5 stock gainers and losers: RHC.V, BEX.V, USHA.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

Genesis AI Corp (AIG.C)

Market Cap ~ $3.9 million

Genesis Ai is a proprietary generative AI model in development, building digital twins for real-world natural resources applications. Digital twins can be manipulated and studied in computer generated worlds, with the influence of deep machine learning and neural networks, providing disruptive real-world problem solving. Genesis Ai Corp. is pursuing opportunities in the precision geospatial, forestry analytics, and carbon sector through Ai.

The stock is up 47% on no news.

A major support zone at $0.10 being bought up. Watch for a close above $0.17 for an attempt to retest recent highs at $0.26.

Benton Resources (BEX.V)

Market Cap ~ $19 million

Benton Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It explores for gold, silver, nickel, copper, platinum group elements, lithium, and cesium assets.

The stock is up 25% on no news. However, yesterday the Company announced it received partial assay results from its inaugural drill program at the Great Burnt Copper Gold Project in Newfoundland.

The breakout occurred with a close above $0.06. The stock is in the process of confirming its first higher low in a new uptrend.

Usha Resources (USHA.V)

Market Cap ~ $4.1 million

Usha Resources Ltd., a mineral acquisition and exploration company, focuses on the development of battery and precious metal properties. Its portfolio of properties consist of Jackpot Lake, a lithium project in Nevada; White Willow, a lithium project in Ontario; and Lost Basin, a gold-copper project in Arizona.

The stock is up 30% on news on closing an above-market non-brokered private placement and has identified drill targets at the White Willow Lithium Pegmatite Project. The Company has closed its non-brokered private placement of $595,000 through the issuance of 5,950,000 units at $0.10 per Unit.

The stock has been in a downtrend and has printed record lows. Can the stock confirm a reversal with today’s news? The lower high comes in at the $0.10 zone.

Belmont Resources (BEA.V)

Market Cap ~ $3.9 million

Belmont Resources Inc. engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds a 100% interest in the Kibby Basin property that covers an area of approximately 13,440 acres located in Esmeralda County, Nevada; and the Crackingstone property situated in the Northern Mining District, Saskatchewan. It also has an option to acquire a 100% interest in the Pathfinder property comprising 253.34 hectares located in southern British Columbia; the Athelstan-Jackpot property located in Phoenix mining camp of southern British Columbia; the Come by Chance property located in Phoenix mining camp of Southern British Columbia; and the Lone Star property located in northern Washington State.

The stock is up 25% on no news.

The stock is testing a key support zone where the stock triggered a breakout. The $0.04 zone is where buyers are expected to enter to keep the potential of a reversal intact.

Camino Minerals (COR.V)

Market Cap ~ $9.5 million

Camino Minerals Corporation, an exploration stage company, engages in the exploration and development of mineral properties primarily in Peru. The company explores for copper, gold, and silver deposits. It owns 100% interests in the Plata Dorada project, which consists of 8 claims covering an area of 3,800 hectares located in Cuzco, Peru; the Maria Cecilia Project covering an area of approximately 7,110 hectares located in the Cordillera Negra Mountain; and the Los Chapitos property covering an area of 22,000 hectares located in department of Arequipa, Peru.

The stock is up 22% on news that Rio Tinto has staked copper claims immediately adjacent to Camino’s Los Chapitos Copper Project in Peru. Camino has also increased its claims at its Los Chapitos property by an additional 1,000 hectares.

The stock is still holding support at $0.04 and is held below the trendline. A close above $0.06 would take out the trendline and the current lower high.

Top 5 Losers

American Hotel Income Properties REIT (HOT-UN.TO)

Market Cap ~ $69.4 million

American Hotel Income Properties REIT LP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP’s portfolio of premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG and Choice Hotels through license agreements. AHIP’s long-term objectives are to build on its proven track record of successful investment, deliver monthly U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio.

The stock is down 39% after releasing Q3 2023 results and initiatives to strengthen the REIT’s financial position.

It is not looking good for the stock. New record lows have been printed and the stock has broken below the major $1.00 zone. A large gap to fill in order to turn things around.

Crescita Therapeutics (CTX.TO)

Market Cap ~ $9.8 million

Crescita Therapeutics Inc., a dermatology company, provides non-prescription skincare products and prescription drug products in Canada, the United States, and internationally. The company operates through three segments: Commercial Skincare, Licensing and Royalties, and Manufacturing and Services. It owns proprietary platform technologies, including Multiplexed Molecular Penetration Enhancers (MMPE) and DuraPeel for the development of topicals containing cannabis and hemp. The company’s prescription products include Pliaglis, a topical local anesthetic cream that provides dermal analgesia on intact skin prior to superficial dermatological procedures; CTX-101, a Phase III topical formulation utilizing a corticosteroid in combination with MMPE technology to treat plaque psoriasis; CTX-102, a Phase I topical formulation utilizing MMPE technology to treat an undisclosed dermatological skin condition; and dermatology products in pre-clinical formulation utilizing MMPE technology for prescription treatments of skin diseases.

The stock is down 21% after releasing Q3 2023.

Highlights

For the three and nine months ended September 30, 2023 and up to the date of this press release:

Financial – Q3-2023 vs. Q3-2022

Revenue was $3,033 compared to $6,032, down $2,999;
Gross profit was $1,499 compared to $2,938, down $1,439;
Operating expenses were $2,880 compared to $2,805, up $75;
Adjusted EBITDA¹ was $(988) compared to $512, down $1,500;
Ending cash was $10,021, down $205 for the quarter.

A major support area is being tested. I would also watch for a close back above the $0.50 zone.

Cybeats Technologies Corp (CYBT.C)

Market Cap ~ $28 million

Cybeats Technologies Corp., a cybersecurity company, offers built-in security solutions for software and IoT devices in Canada. It provides SBOM Studio to manage the lifecycle of software bill of materials; and RDSP IoT Security, an integrated security platform for connected devices.

The stock is down 20% on no news.

New record lows printed today as the stock continues to tumble after breaking below $0.50. This is the price area the stock would need to close above in order to turn things around.

Royal Helium (RHC.V)

Market Cap ~ $59 million

Royal Helium Ltd. engages in the exploration and development of helium properties in Canada. It holds approximately 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta.

The stock is down 18% on no news, however yesterday the Company announced it commenced an overnight marketed offering of units of the Company at a price of $0.24 per Unit for aggregate gross proceeds of $3,000,000.

A major support zone has broken with a gap down. There appears to be support nearby around the $0.20-$0.22 zone. This is where bulls should watch for selling exhuastion.

Li-Metal Corp (LIM.C)

Market Cap ~ $21 million

Li-Metal Corp. engages in the development and sale of lithium metal anodes and lithium metal production technologies for lithium batteries.

The stock is down 18% on news of a successful production and shipment of its first batch of lithium metal ingots. The lithium metal ingots were produced at Li-Metal’s recently commissioned lithium metal reprocessing and casting facility in Markham, Ontario, which has the capacity to process up to 15 metric tonnes of anode scrap material per year.