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
Belmont Resources (BEA.V)
Market Cap ~ $5.5 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 75% on news that the Company intercepted a second 100+ meter mineralized zone.
With a close above $0.06 by the end of the day, the stock is set to confirm its first higher low in a new uptrend. Resistance comes in around the $0.095 zone.
Orford Mining (ORM.V)
Market Cap ~ $10 million
Orford Mining Corporation, a mineral resource company, primarily focuses on the acquisition, exploration, and evaluation of base and precious metal assets in Canada. The company explores for gold, copper, zinc, nickel, lithium, platinum, palladium, and cobalt. It owns 100% interests in Qiqavik gold exploration property comprising 946 mining claims covering an area of 38,717 hectares located in Nunavik, Quebec; Joutel-Omega Property covering an area of approximately 17,000 hectares located in Quebec’s Abitibi District; West Raglan property that consists of 1,734 mining claims covering an area of 71,301 hectares located in Nunavik, Quebec; and Nunavik lithium properties, which consists of 1,115 claims covering an area of 45,553 hectares located in Nunavik, Quebec.
The stock is up 42% on no news. Yesterday, the Company announced it had closed a $1 million financing.
One for those bottom pickers. We seem to have a double bottom set up. The trigger would be a close above $0.055. Momentum from that breakout could fill the gap which would be bullish.
Tactical Resources (RARE.V)
Market Cap ~ $1.96 million
Tactical Resources Corp. acquires, explores for, and develops mineral resource properties in Canada. It primarily explores for rare earth element deposits. The company’s flagship property is the Peak project situated within the Sierra Blanca Complex located to the southeast of El Paso, Texas. It also holds an option to acquire a 100% interest in the Lac Ducharme property covering 1,258 hectares located in the Cote-Nord region of eastern Quebec.
The stock is up 37% on no news.
Not much to say really on this chart as there is not sufficient price action. However, $0.055 is the zone that is acting as current resistance.
Microbix Biosystems (MBX.TO)
Market Cap ~ $42 million
Microbix Biosystems Inc., a life science company, develops and commercializes proprietary biological and technological solutions for human health and wellbeing in North America, Europe, and internationally. It manufactures a range of critical biological materials for the diagnostics industry, notably test ingredients for immunoassays and quality assessment and proficiency testing controls (QAPs) that support sample collection devices. The company also applies its biological expertise and infrastructure to develop other proprietary products, primarily viral transport medium (DxTM) to test for pathogens and Kinlytic Urokinase, a biologic thrombolytic drug used to treat blood clots.
The stock is up 27% on news its clot-buster drug is fully funded for a return to the US market.
A reversal is in play. The stock has taken out the previous lower high and is now testing the resistance zone around $0.33.
Kootenay Silver (KTN.V)
Market Cap ~ $40 million
Kootenay Silver Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Mexico and Canada. The company explores for silver, gold, lead, and zinc ores. It primarily holds interests in the La Cigarra silver project covering an area of approximately 18,000 hectares located within the Parral Mining District in the state of Chihuahua, north central Mexico; Promontorio and La Negra silver discoveries situated in Sonora, Mexico; Columba Silver project located in Chihuahua, Mexico; and Copalito Silver-gold project located in Sinaloa, Mexico.
The stock is up 25% on no news.
Another stock for the bottom pickers. The range remains in play, and a breakout above $1.00 is what triggers the new uptrend.
Top 5 Losers
Q2 Metals (QTWO.V)
Market Cap ~ $26 million
Q2 Metals Corp. engages in the acquisition, exploration, and development of mineral properties. It holds 100% interests in the Big Hill gold project that includes an exploration permit and mining licenses located in Queensland, Australia; and holds 100% interest in the titan gold project covering an area of in Queensland, Australia. It also holds interest in Peregrine Zinc Project located in British Columbia; Coral Zinc Project located in British Columbia; Round Pond Zinc Project located in Great Northern Peninsula of northwest Newfoundland and Labrador; Nevada Rose Precious Metals Property located in Nevada, USA; and Angelo Bell Precious Metals Property located in Nevada, USA.
The stock is down 29% on news of a drill program update at its Mia Lithium Property in Quebec.
A break below the support zone at $0.42. The stock did find buyers near the $0.25 psychological zone. The stock needs to regain $0.42 to turn things around.
PlanetFuel Life (FUEL.C)
Market Cap ~ $2.3 million
PlantFuel Life Inc., a plant-based wellness company, provides health supplements, nutraceuticals, and plant protein-based products under the PlantFuel brand name in the United States.
The stock is down 27% on no news.
After flirting with resistance, the stock has rejected it and hard. Some interim support here at $0.11.
Northwest Copper (NWST.V)
Market Cap ~ $22 million
NorthWest Copper Corp. acquires and explores for mineral properties in Canada. It primarily explores for gold, copper, and silver deposits. The company holds 100% interests in the Kwanika project, and the Stardust project located in north-central British Columbia. It also has 100% interests in the Lorraine-Jajay property; holds 90% interests in the Tam-Misty property; and the East Niv copper-gold prospective exploration target situated in north-central British Columbia. In addition, the company holds an option to acquire a 100% interest in the Top Cat project located in north-central British Columbia.
The stock is down 23% on a business update from the Company.
The stock has broken down below a major support zone but when one zooms out on the chart, there seems to be support around here at the $0.11 zone.
CubicFarm Systems (CUB.TO)
Market Cap ~ $5.3 million
CubicFarm Systems Corp., a local chain agricultural technology company, develops and sells food and livestock feed technologies for farmers worldwide. The company offers CubicFarm System and HydroGreen Grow System. Its systems help farmers to produce lettuce, basil, microgreens, nutraceutical ingredients, and animal feed.
The stock is down 20% on no news. Two days ago, the Company released Q3 financial results.
Quite the fall for a Company which was trading near $1.00 per share. With this drop, a retest of $0.015 might be in the cards.
Tembo Gold (TEM.V)
Market Cap ~ $16 million
Tembo Gold Corp., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Tanzania. The company primarily explores for gold deposits. Its flagship project is the Tembo gold property covering an area of 32 square kilometers located in the Lake Victoria goldfield district in northwest Tanzania.
The stock is down 18% on a press release describing the progress of Barrick’s exploration program on licenses acquired from Tembo Gold.
A volatile move in the stock but support at $0.10 did see bidders step in. We know there are a large amount of buyers as can be seen from the large wick on the daily candle.
