Top 5 stock gainers and losers: CPH.TO, OYL.V, AIF.TO

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

Cipher Pharmaceuticals (CPH.TO)

Market Cap ~ $131 million

Cipher Pharmaceuticals Inc. operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid indicated for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, which is indicated for the treatment of palpable or moderately thick hyperkeratotic actinic keratosis; Ozanex for the topical treatment of impetigo; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibriallation to sinus rhythm in adults; and Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with Acute Coronary Syndrome.

The stock is up 15% on news of strong sales and earnings growth in Q3 2023.

A big breakout and gap up higher. Support now comes in at $4.60 if there is a corrective retracement. $5.00 is also a key zone to watch for.

Jushi Holdings (JUSH.C)

Market Cap ~ $195 million

Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts. The company also offers hemp-based CBD products, including cannabis dry flower, vaporizer forms of cannabis, edibles, cannabis oil in capsules, tinctures, cannabis in topical products, and other cannabis products, as well as vape cartridges, disposables, and concentrates under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands. In addition, it operates medical cannabis dispensaries under the BEYOND/HELLO, Nature’s Remedy, and NuLeaf brands.

The stock is up 14% on no news.

The stock is testing a key resistance at $1.00 which is also the neckline of the head and shoulders pattern. It would be very bullish if the stock can confirm a close above this zone.

PlasCred Circular (PLAS.C)

Market Cap ~ $45 million

PlasCred Inc. engages in recycling of plastic and waste plastic.

The stock is up 10% on no news.

The stock is bouncing at a support zone and a gap, which tends to be supportive. Buyers are stepping in currently.

Oncolytics Biotech (ONC.TO)

Market Cap ~ $147 million

Oncolytics Biotech Inc., a development-stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing pelareorep, an intravenously delivered immunotherapeutic agent, which is in phase 3 clinical trial for the treatment of hormone receptor-positive / human epidermal growth factor 2-negative metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma.

The stock is up 10% on no news, however yesterday, the Company announced an update on its pancreatic cancer program for Pelareorep.

A nice pop today but the stock appears to be in a downtrend with support being taken out at $2.20. Watch for a close back above this zone for further momentum higher.

Golden Minerals (AUMN.TO)

Market Cap ~ $5.9 million

Golden Minerals Company, a precious metals exploration company explores for mineral properties. It explores for gold, silver, copper, zinc, lead, and other minerals. The company holds a 100% interest in the Rodeo gold mine situated in Durango State, Mexico; and a 100% interest in the Velardeña and Chicago gold-silver mining properties and associated oxide and sulfide processing plants located in the State of Durango, Mexico. It also holds a 100% interest in the El Quevar advanced exploration silver property situated in the province of Salta, Argentina; Yoquivo property situated in Chihuahua State, Mexico; Sarita Este gold-copper property situated in the province of Salta, Argentina; and diversified portfolio of precious metals and other mineral exploration properties located in Argentina, Nevada, and Mexico.

The stock is up 7.8% on news of Q3 2023 financial results.

The stock is still battling at support after printing new all time record lows. Watch for a close above $0.80.

Top 5 Losers

CGX Energy (OYL.V)

Market Cap ~ $169 million

CGX Energy Inc., an oil and gas exploration company, explores for and evaluates petroleum and natural gas properties in Guyana, South America. It holds interests in three petroleum prospecting licenses and related petroleum agreements, including Corentyne, Berbice, and Demerara blocks located in offshore and onshore Guyana. The company also constructs and develops the Berbice Deep Water Port project in Guyana.

The stock is down 45% on news the Company and Frontera Discover 114 feet of net pay at Wei-1 well offshore in Guyana.

The stock has broken multiple support levels on the spill. Next support comes in around the $0.40 zone.

Frontera Energy (FEC.TO)

Market Cap ~ $712 million

Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas in South America and Canada. The company has a portfolio of assets, which consists of interests in 32 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia.

The stock is down 25% after announcing Q3 2023 results.

The stock is cratering through an important support zone. $8.00 could be supportive, and then the next level comes in at $7.00.

Arctic Fox Lithium (AFX.C)

Market Cap ~ $1.65 million

Arctic Fox Lithium Corp. operates as a junior mining exploration company in Canada. The company explores for lithium and copper. It holds an option to acquire 60% right, and interest in the Spius copper porphyry property located in the Nicola and New Westminster mining divisions, British Columbia.

The stock is down 25% on no news.

The stock is down but still above its support zone, which was previous record lows, around $0.045. Bulls should watch the $0.10 resistance zone.

Altus Group (AIF.TO)

Market Cap ~ $1.71 billion

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE).It operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, and advisory solutions primarily for CRE asset valuations for the purpose of performance, development, and investment management; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.

The stock is down 23% after announcing Q3 2023 financial results and a quarterly dividend.

A major breakdown below support zones and a major gap down. The stock will have a lot to do before regaining bullish momentum. However, the stock is testing a support zone so watch for selling exhaustion.

Freeport Resources (FRI.V)

Market Cap ~ $3.1 million

Freeport Resources Inc., a junior mineral exploration company, engages in the exploration and evaluation of mineral properties in Papua New Guinea. The company holds a flagship property Yandera copper project located in Papua New Guinea.

The stock is down 20% on no news.