Top 5 stock gainers and losers: BEX.V, CRC.C, BHS.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 Gainers

Canter Resources (CRC.C)

Market Cap ~ $5.3 million

Canter Resources Corp. focuses on the exploration for and development of base and precious mineral resources in Canada. It has an option to acquire a 60% interest in the Schotts Lake property consists of 12 MARS mineral claims covering an area of 2,160 hectares located to the northwest of Flin Flon, Manitoba.

The stock is up 462% on news of an amalgamation agreement with Altitude Ventures Ltd to acquire all of the issued and outstanding common shares of Altitude by way of a three-cornered amalgamation. Altitude holds the sole option to acquire a 100% interest of the 23,000 acre lithium exploration project located in the Columbus Salt Marsh Basin, Esmerelda County, Nevada, USA, being the “Columbus Lithium-Boron Project”. In addition, Altitude holds a 100% interest in certain Beaver Creek lithium occurrences located in the town of Lincoln, Montana, USA, being the “Beaver Creek Property”.

An amazing performance today and from a technical perspective, we have broken above the $0.125 resistance zone. Watch reaction at the psychological $0.50 zone.

Bayhorse Silver (BHS.V)

Market Cap ~ $10 million

Bayhorse Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties. It explores for silver, gold, zinc, copper, antimony, lead, and other metals. The company holds a 100% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon. It also entered into an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia.

The stock is up 33.3% on news that the Company is mobilizing for an underground drilling program at its Bayhorse Silver Mine in Oregon. The program will initially drill test the 300 foot strike length of the Big Dog zone hanging wall to test it to depth, and along strike using its existing drill rig.

The stock seems to have shifted trends. Lower highs and lower lows are turning to higher lows and higher highs. A break above $0.04 would give us a confirmation of the first higher low in a new uptrend.

Silver X Mining (AGX.V)

Market Cap ~ $38 million

Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. The company explores for silver, gold, lead, and zinc. It primarily holds interest in the Nueva Recuperada project located in Huancavelica, Peru. It also holds interest in the Coriorcco gold project located in Peru.

The stock is up 21% on news of an operational update for Q3 2023. Highlights include:

Since the announcement on September 19, 2023, the Company has successfully processed 230,444 ounces of silver equivalent (“oz AgEq“) in just 45 days, with an average head grade of 304.25 g AgEq/t (9.71 oz AgEq/t).
Processing of 90,303oz AgEq in September 2023;140,050 oz AgEq processed in October 2023.
Q3 2023 processed metal was reduced to 120,915 oz AgEq, due to the temporary halt of operations in July and August 2023.
Monthly metal throughput is currently back to the levels processed in Q3 2022 and Q4 2022 (before the temporary halt of operations in July and August 2023).

The stock remains in its range and awaits a breakout. Today’s surge came with news as the stock tested the major support zone in this range.

Wilton Resources (WIL.V)

Market Cap ~ $29 million

Wilton Resources Inc. operates as an oil and gas exploration and development company in Canada. It also focuses on acquiring oil and gas properties in the Middle East and Africa.

The stock is up 19% on news of insider buying:

The stock is bouncing at $4.30 support. Potential of a double bottom reversal play with a close above $4.50.

Benton Resources (BEX.V)

Market Cap ~ $29 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 23.3% on news that the Company continues to intersect copper rich semi/massive sulphides in drilling up to 25.42m thick at the Great Burnt Copper Gold Project in Newfoundland.

The stock continues its new uptrend it confirmed with a break above $0.06 with another higher low being formed as the stock takes out recent highs. Resistance comes in at $0.22.

Top 5 Losers

Inovalis Real Estate Investment Trust (INO-UN.TO)

Market Cap ~ $39.7 million

Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 13 assets.

The stock is down 47% on Q3 2023 results and the suspension of distributions.

A major gap down and new record lows for the REIT. It has a lot of work to do in order to turn things around.

Horizonte Minerals (HZM.TO)

Market Cap ~ $45 million

Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district.

The stock is down 46% on news that it is continuing to work closely with its senior lenders and its cornerstone shareholders on a financing solution for its Araguaia Nickel Project.

New record lows and a gap down. The stock must regain $0.25 in order to begin to turn things around.

Drone Delivery Canada (FLT.V)

Market Cap ~ $39 million

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company’s logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution. It serves governments; commercial and industrial applications, such as emergency services, medical, last-mile delivery, mining, oil and gas, agriculture, parcel delivery, postal mail, and military/security; and indigenous and non-indigenous remote communities.

The stock is down 30% after announcing Q3 2023 financial results. The Company recorded revenues of $216,090 for the three months ending September 30, 2023, representing a 13% decrease year-over-year. This was driven primarily by the conclusion of contracts with each of the University of British Columbia, DSV Air & Sea Inc. Canada, and Bell Mobility Inc. that concluded subsequent to September 30, 2022, partially offset by revenue from the contract announced on March 23, 2023, with the Government of Canada, and the previously announced Care by Air project.

New lows for the stock and a close above $0.24 is required to fill the gap.

Shawcor (MATR.TO)

Market Cap ~ $927 million

Shawcor Ltd., doing business as Mattr Infratech, operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Technologies, Connection Technologies, and Pipeline and Pipe Services. The Composite Technologies segment manufactures flexible composite that are used for oil and gas gathering, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets.

The stock is down 13% on Q3 2023 results.

A drop to the major support zone here at $13. Buyers are stepping in as evident by the wick on the current daily candle.

Antibe Therapeutics (ATE.TO)

Market Cap ~ $40 million

Antibe Therapeutics Inc., a biotechnology company, engages in developing novel therapeutics and medical devices in the areas of pain, inflammation and regenerative medicine in Canada, Europe, the United States, and internationally. The company’s pipeline includes therapies that seek to overcome the gastrointestinal (GI) ulcers and bleeding associated with nonsteroidal anti-inflammatory drugs (NSAIDs). Its lead compound is Otenaproxesul, an NSAID that releases hydrogen sulfide for treating post-operative pain, migraine, acute musculoskeletal pain, dysmenorrhea, gout, and dental pain.

The stock is down 13% on no news, however, the Company did release Q2 2024 results yesterday.