Top 5 stock gainers and losers: CMC.V, DM.V, CCMI.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

Tower Resources (TWR.V)

Market Cap ~ $22 million

Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which include 10 mineral tenures totaling 2,975 hectares in the Nechako Plateau Region of central British Columbia; the Belle copper-gold porphyry project consisting of seven claims totaling 1691 hectares located in the Toodoggone district; and the More Creek project comprising 5 mineral tenures totaling 6,430 hectares situated in the Golden Triangle District of northwest British Columbia.

The stock is up 20% on no news. Yesterday, the Company announced it had completed a follow-up drill program at Rabbit North.

The stock has a set up which will interest reversal traders. Tower Resources has been in a long range and it appears that the upper portion of resistance at $0.16 is set to be tested. A close above leads to a breakout and the chance to fill the gap up to $0.24.

Canadian Critical Minerals (CCMI.V)

Market Cap ~ $7.7 million

Canadian Critical Minerals Inc., an exploration stage company, acquires, develops, and explores for mineral properties primarily in Canada. The company explores for gold, copper, nickel, platinum, palladium, and silver deposits. Its principal project is the 100% owned Bull River Mine located in the Cranbrook, British Colombia; and the Thierry project that covers approximately 4,700 hectares located in the west of Pickle Lake, Ontario.

The stock is up 20% on no news. But two days ago, the Company announced it had accepted delivery of an ore sorter at the Bull River Mine from Bayhorse Silver Inc.

The stock recently printed record lows hitting $0.02, but the downtrend remains intact. A close above $0.04 gets things turned around.

NICAN Limited (NICN.V)

Market Cap ~ $4.5 million

NiCAN Limited engages in the exploration, development, operation, and financing of mining assets in Canada. The company primarily explores for nickel and copper deposits, as well as by-products of copper, cobalt, and platinum group elements. It holds interest in the Wine project consisting of 24 mineral claims covering an area of 5,666 hectares; and the Pipy project comprised of 20 mineral claims covering an area of 3,913 hectares located within the lake greenstone belt of Manitoba.

The stock is up 18% on no news.

The stock is in its range and there appears to be a reversal pattern in development. Watch for a breakout above $0.08.

Kesselrun Resources (KES.V)

Market Cap ~ $3.3 million

Kesselrun Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company owns a 100% interest in the Bluffpoint gold project that includes 280 mining claims covering an area of approximately 8,857 hectares located in the Kenora mining division of northwestern Ontario. It also holds a 100% interest in the Huronian gold project, which comprises 290 contiguous unpatented mining claims and four patented mining claims covering an area of approximately 5,160 hectares located in Moss Township, Thunder Bay Mining Division, Ontario.

The stock is up 16% on no news.

Another stock with the same theme of potential reversal after basing. A close above $0.04 would fill up this small gap here.

Genesis AI (AIG.C)

Market Cap ~ $8.5 million

Genesis AI Corp. does not have significant operations. Previously, it was engaged in the development of cyber security and cryptocurrency software.

The stock is up 16% on no news.

The stock recently found support at the $0.10 zone. This remains key support as the stock attempts to break above the current lower high at $0.16.

Top 5 Losers

Onyx Gold Corp (ONYX.V)

Market Cap ~ $8.2 million

Onyx Gold Corp. engages in gold mining and exploration activities. It holds interest in the Munro-Croesus Gold, Golden Mile, and Timmins South properties located in Timmins, Ontario; and other properties located in the Selwyn Basin in western Yukon.

The stock is down 46% on news of its maiden drill program at the King Tut Project.

The stock has hit new record lows. Right now it is like catching a falling knife. The best approach would be to wait for selling pressure to exhaust. This usually comes in the form of a range or base.

Rubicon Organics (ROMJ.V)

Market Cap ~ $22 million

Rubicon Organics Inc. produces and sells organic cannabis for the recreational and medical-use markets in Canada. The company processes and sells organic cannabis under its wholly owned and other licensed brands.

The stock is down 36% on Q3 2023 financial results.

The stock actually broke out above resistance before the earnings news caused a fakeout. This is a good example of why it is risky to trade when a high risk event is upcoming. You just never know how the market will react even when the chart looks bullish.

Cielo Waste Solutions (CMC.V)

Market Cap ~ $41 million

Cielo Waste Solutions Corp. operates as a waste-to-fuel environmental technology company in Canada. It converts and transforms waste feedstocks, including organic material and wood derivative waste into fuel, such as diesel, naphtha, and kerosene.

The stock is down 25% on no news.

It actually looks like today’s move is a pullback after the stock broke out of a downward sloping trendline. Watch for buyers to hold this $0.045 zone.

Datametrix AI (DM.V)

Market Cap ~ $10 million

Datametrex AI Limited, together with its subsidiaries, provides collecting, analyzing, and presenting structured and unstructured data using its patented machine learning and artificial intelligence in Canada and South Korea. The company operates through two segments, AI and Technology and Health Security. It offers health security services, such as COVID-19 related, concierge medical, and telemedicine services, as well as big data, artificial intelligence, and system integration services. The company also sells Covid-19 test kits. In addition, it provides AnalyticsGPT, an AI technology solution; NexaSecurity, a social media discovery and monitoring platform; and Medi-Call, a subscription service that connects its clients with a primary care team to address all health and wellness needs.

The stock is down 16% on news of its successful completion of its previously announced, on August 4, 2023, $375,000 Purchase Order (P.O.) from LOTTE Auto Lease (‘LOTTE’).

A big breakdown and the stock is looking to test support around the $0.01 zone. The stock will have to regain $0.06 to turn things around.

Horizonte Minerals (HZM.TO)

Market Cap ~ $39 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 12% on no news, but yesterday, the Company announced that it is continuing to work closely with its senior lenders and its cornerstone shareholders on a financing solution for its Araguaia Nickel Project.