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
ASEP Medical Holdings (ASEP.C)
Market Cap ~ $16 million
Asep Medical Holdings Inc., together with its subsidiaries, focuses on developing early diagnostic and therapeutic solutions for sepsis treatment. It also provides antibacterial peptide coatings to treat antibiotic-resistant infections.
The stock is up 30% on no news. Three days ago, the Company announced it is in the final stage of approval for a Nasdaq listing.
The stock is testing an important resistance zone. It is where the current lower high is located and the stock could fill a mini gap if it breaks out. It looks bullish given the stock bounced at $0.125 support.
Sanatana Resources (STA.V)
Market Cap ~ $8.7 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 27% on no news.
The stock has been in an uptrend after breaking out about $0.04 and printing an inverse head and shoulders pattern. Resistance comes in at $0.12. The trend is strong and it will be interesting to see how buyers react to corrective phases. Perhaps big news is upcoming.
Noble Mineral Exploration (NOB.V)
Market Cap ~ $11 million
Noble Mineral Exploration Inc., a junior exploration company, engages in the exploration and evaluation of mineral resources properties in Canada. The company primarily explores for nickel, cobalt, gold, copper, and PGM deposits. Its properties portfolio is the Project 81 that covers an area of approximately 25,000 hectares in the Timmins-Cochrane area of Northern Ontario. The company has options to acquire 307 mining claims in Mann, Hanna, Duff, and Reaume townships, which covers an area totaling approximately 6,539 hectares; and staked an additional 256 mining claims in Mann, Hanna, Duff, and Reaume townships totaling approximately 5,453 hectares. In addition, its Nagagami property consists of 677 claims covering an area totaling approximately 14,600 hectares; Holdsworth gold property located in the Wawa area of Ontario; holds a 100% interest in the Boulder property comprising 204 claim units in Way township; and Buckingham property totaling approximately 3,700 hectares. Further, the company owned Cere-Villebon property consisting of 15 claims covering an area totaling approximately 483 hectares; the Laverlochere property consisting of 12 claims covering an area totaling approximately 518 hectares; Havre St. Pierre property consisting of 188 claims covering an area totaling approximately 10,152 hectares; and Island Pond property consisting of 576 mining claims covering an area totaling approximately 14,400 hectares located in Central Newfoundland.
The stock is up 25% on news that it has mobilized a diamond drill in preparation for a November 27th start of a 2,000 meter drill program on the Kidd2/Carnegie Project near Timmins, Ontario.
The stock is up but remains range bound. A daily candle close above $0.05 gets the break out and some momentum going.
BacTech Environmental (BAC.C)
Market Cap ~ $15 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 up 23% on news the Company has received an environmental license by Ecuador’s Ministry of the Environment to begin development of a Bioleach processing facility in Tenguel.
The stock remains range bound and today’s news saw the stock gap up just after it was testing near the bottom portion of support.
American Eagle Gold (AE.V)
Market Cap ~ $25 million
American Eagle Gold Corp. engages in the acquisition and exploration of gold and copper deposits in North America. Its flagship is the NAK copper-gold property located in British Columbia.
The stock is up 11% and trending on news of a strategic investment from Teck Resources and well known BC Geologist C.J Greig.
Interesting price action here with the stock testing the major psychological $0.25 zone. We are also breaking above a resistance zone.
Top 5 Losers
Sonoro Energy (SNV.V)
Market Cap ~ $26 million
Sonoro Energy Ltd. explores for, appraises, develops, and produces oil and gas resources in Southeast Asia. The company holds a 25% interest in the Selat Panjang Production Sharing Contract covering an area of approximately 940 square kilometers located in Riau province, Central Sumatra.
The stock is down 24% on news of an operations update. That the 11-30-32-23W3 well was drilled to a depth of 897.5 meters and encountered the edge of the targeted Waseca Channel. The well did encounter oil shows in the Waseca and has been cased with thermal cement pending further review.
The stock is dropping but remains in the recent range. Support comes in around the $0.12 zone.
Quebec Nickel Corp (QNI.C)
Market Cap ~ $2.3 million
Québec Nickel Corp. engages in the acquisition, exploration, and development of mineral resource properties. The company explores for nickel, copper, and platinum group element deposits. It holds 100% in the Ducros property that comprises 282 contiguous mining claims covering an area of 15,261 hectares located in the Val d’Or area of Quebec, Canada.
The stock is down 33% on no news.
The stock is correcting after breaking out. Bulls would want to see the stock remain above $0.02 here to see a continuation of the breakout.
Bayhorse Silver (BHS.V)
Market Cap ~ $15 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 down 14% on news that it has added additional claims in Idaho to its Bayhorse Silver Mine Property in Oregon. The new claims extend over 1.6 km (1 mile) east from the Bayhorse Mine across the Snake River into Idaho along a south-east trend that historic geological mapping shows the presence of silver-hosting rhyolite.
The move looks more corrective in nature after a large gain. The stock has support at $0.05 and today’s daily candle shows that buyers did indeed step in at this zone.
AI-ML Innovations (AIML.C)
Market Cap ~ $3.1 million
AI/ML Innovations Inc. operates in the digital healthcare business using artificial intelligence (AI) and machine learning (ML). It offers a patent-pending personal health monitoring and management system for caregivers, patients, and healthcare professionals to access and utilize data for enhance recovery outcomes and healthy living, as well as digital health software and wearable technologies.
The stock is down 12% on no news.
The stock recently broke down below support at $0.10. The next support level comes in at the $0.05 zone.
MariMed Inc (MRMD.C)
Market Cap ~ $164 million
MariMed Inc. engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature’s Heritage brand; chewable cannabis-infused mint tablet under the brand Kalm Fusion. It also provides soft and chewy baked goods and a hot chocolate mix under Bubby’s Baked brand. In addition, the company offers vapes, and edible products under InHouse brand.
The stock is down 13% on news it has closed a $58.7 million secured credit facility with a U.S. chartered bank on November 17, 2023.
Choppy price action but the stock is near all time record lows which is acting as support. A range seems to be developing with bulls wanting to see a close above $0.50.
