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May 25, 2024

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Top stock gainers and losers: FDGE.TO, LCR.C, STND.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

Farmers Edge (FDGE.TO)

Market Cap ~ $10 million

Farmers Edge Inc. develops digital agriculture solutions in Canada, the United States, Brazil, Australia, and internationally. It operates through two segments, Digital Agronomy Operations and E-commerce Operations. The Digital Agronomy Operations segment offers suite of digital agronomy solutions to growers. Its E-commerce Operations engages in the sale of crop inputs through online marketplace. It offers FarmCommand, a cloud-based analytics software platform, which makes easy to collect, visualize, analyze, and use farm data to support operations and measure the impact of every decision; and Smart Carbon solutions comprising low-carbon grain and verifiable carbon credit. In addition, the company provides laboratory services, such as zone, grid, and composite soil testing; and offers insurance and variable rate technology. Farmers Edge Inc. offers its platform solutions through a network of channel partners, including crop input manufacturers and retailers, seed and crop protection companies, equipment manufacturers, grain companies, insurance companies and agencies, and food manufacturers.

The stock is up 92% on news of a privatization offer from FairFax, by which Fairfax would acquire all of the common shares of the Company it does not already own for $0.25 per share. 

TradingView Chart

Not much to say as $0.25 is the key level that FairFax has pointed out. By the way, this would be 99% below the IPO…

 

Sendero Resources (SEND.V)

Market Cap ~ $17 million

Sendero Resources Corp. operates as an exploration company with focus on mineral potential of the Vicuña district in Argentina. It primarily explores for copper and gold. The company, through its subsidiary, Barton SAS, hold a 100% interest in the Peñas Negras Project encompassing a 120 square kilometers of exploration territory.

The stock is up 26% on no news.

TradingView Chart

The stock has broken above a resistance zone and has printed new all time record highs! Watch for a daily close above $0.235.

 

Defence Therapeutics (DTC.C)

Market Cap ~ $115 million

Defence Therapeutics Inc. engages in development of a biological drug enhancer platform that improves the efficacy and safety of a multitude of biological/biosimilar based pharmaceuticals used in the treatment of cancer and infectious diseases. The company focuses on development of vaccine for infectious disease and virus utilizing the ACCUMTM platform for drug delivery and effective treatments.

The stock is up 21% on no news. Three days ago, the Company announced it had successfully submitted on November 9, 2023 an Investigational New Drug (IND) application to the U.S. Food and Drug Administration (FDA) for its ACCUM-002TM Dimer CDCA-SV40 commonly named “AccuTOX®“, an injectable anticancer molecule, for the treatment of solid cancer tumors.

TradingView Chart

The stock is finding support near a major support level. The range is still standing and traders await a break for direction.

 

Sanatana Resources (STA.V)

Market Cap ~ $7.2 million

Sanatana Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. It explores for copper and gold. The company entered in an option agreement to acquire 80% interest in the Oweegee Dome project covering an area of approximately 31,077 hectares located in in Golden Triangle in British Columbia; and 100% interest in the Empress Property, as well as asset purchase agreement to acquire the Santoy Property comprising 32 cell mining claims covering an area of approximately 551 hectares located in in Ontario. It also holds interests in the Fortune Project consisting of 100% interest in the Enid property, which comprises 41 mineral claims in the Timmins, Ontario region.

The stock is up 18% on no news.

TradingView Chart

A reversal looks in play ever since the stock broke out above the $0.04 zone. Resistance is being tested here around the $0.11 zone.

 

Standard Uranium (STND.V)

Market Cap ~ $12 million

Standard Uranium Ltd., a junior exploration company, explores, acquires, evaluates, and develops uranium properties in Canada. Its flagship property is the Davidson River Project, which comprise 10 contiguous mineral dispositions covering an area of approximately 30,737 hectares located in the southwest part of the Athabasca Basin, Saskatchewan.

The stock is up 18% on no news. Two days ago, the Company announced a financing of up to $2 million.

TradingView Chart

A reversal began when the stock broke out above the $0.03 resistance zone. Now the uptrend is facing resistance at $0.07.

 

Top 5 Losers

Lancaster Resources (LCR.C)

Market Cap ~ $2.4 million

Lancaster Resources Inc. engages in the acquisition, exploration, and development of mineral properties and renewable energy projects. It has option to acquire a 100% interest in the Alkali Flat lithium brine project situated in Lordsburg, New Mexico, the United States.

The stock is down 21% on no news. Yesterday the Company announced a successful visit to its Alkali Flat Project and signaled it as a significant milestone in the derisking process.

TradingView Chart

The stock is respecting the downtrend line and this becomes a key technical zone. Since forming record lows, the stock has begun to range indicating a possible exhaustion of selling pressure.

 

BacTech Environmental (BAC.C)

Market Cap ~ $12 million

BacTech Environmental Corporation operates as an environmental technology company. It develops and commercializes BACOX, a proprietary bioleaching technology for the reclamation of mine waste and tailings. The company’s technology utilizes bacteria to extract precious and base metals, as well as to treat difficult-to-treat sulphide ores and concentrates. It holds interests in the projects in Ecuador and East Africa.

The stock is down 13% on no news.

TradingView Chart

This remains a range play with today’s drop taking the stock close to support.

 

Canada Silver Cobalt Works (CCW.V)

Market Cap ~ $9.1 million

Canada Silver Cobalt Works Inc., together with its subsidiaries, engages in the acquisition, evaluation, exploration, and development of mineral properties in Canada. The company primarily explores for silver, cobalt, nickel, gold, and copper, as well as platinum and palladium deposits.

The stock is down 12.5% on no news.

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The stock is basing in its range after printing record lows. A close above $0.045 is what the reversal traders would want to see.

 

Else Nutrition (BABY.TO)

Market Cap ~ $37 million

Else Nutrition Holdings Inc. engages in the development, production, and sale of food and nutrition products for infants, toddlers, children, and adults in North America and Israel. It offers baby snacks; baby feeding accessories, such as feeding bottles and teats; plant-based baby formula products; toddler, children, and adult nutrition products; and complementary food products.

The stock is down 8% on no news. Yesterday, the Company announced a $5 million financing.

TradingView Chart

The stock is now testing its recent higher low at $0.315. A break and close below would be bearish and would signal the end of the momentum from this recent spike.

 

TinOne Resources (TORC.V)

Market Cap ~ $4.3 million

TinOne Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Australia and New Zealand. It explores for gold and tin deposits.

The stock is down 9% on no news.

TradingView Chart

One to watch for reversal traders. $0.06 is key resistance and is looks like a bottoming pattern is forming.

 

 

 

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