Top 5 stock gainers and losers: ELMT.C, HSLV.C, PLRB.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

Element Nutritional Sciences (ELMT.C)

Market Cap ~ $6.8 million

Element Nutritional Sciences employs plant-based technology along with research based nutritional science to deliver high value products that enhances the health and wellness of our customers.

The stock is up 50% after the company released its quarterly financials for the three months ending September 30, 2023. Element reported $209,000 CAD for the quarter with $184,000 in net income.

Even though there has been a pronounced downtrend, the company’s positive financials for the quarter produced a bullish engulfing pattern that may continue if it can keep performing.

Highlander Silver Corp (HSLV.C)

Market Cap ~ $17.06 million

Highlander Silver is a mineral exploration company focused on the exploration of the Alta Victoria silver-polymetallic project in central Peru, as well as targeting the acquisition of additional mineral projects by leveraging the team’s significant experience in Peru and South America more widely.

The stock is up 47.4% on the company announcing it had entered into a share purchase agreement to acquire the bonanza grade San Luis Epithermal Gold-Silver Project in Peru.

The large green candlestick at the end of the chart takes this stock above its resistance level, so there may be some retracement, it looks like there is a reversal in the works.

Decklar Resources Inc (DKL.V)

Market Cap ~ $12.65 million

Decklar is an independent international oil & gas company focused on low-risk appraisal and development opportunities in the prolific West African region.

The stock is up 43.8% on the company announcing receipt of final approval and the commencement of production and sale of crude oil from the Oza Oil Field through the Trans Niger pipeline.

This stock is currently experiencing a consolidation phase and if it continues there is a possibility of a breakout.

Desert Gold Ventures (DAU.V)

Market Cap ~ $10.75 million

Desert Gold Ventures Inc. is an exploration and resource development company with gold projects in the tier one mining jurisdiction of West Mali.

The stock is up 37.5% on no news. The company released quarterly financials two days ago.

The most recent uptick shows an increase in volume which could signal growing buying interest or a potential reversal, though this would need further confirmation in subsequent weeks.

Clearmind Medicine (CMND.C)

Market Cap ~ $3.2 million

Clearmind Medicine develops breakthrough treatments for binge behaviour and mental health, including alcohol use disorder, binge eating and depression.

The stock is up 27% on no news. Two days ago, the company released results from its pre-clinical trial which indicate potential effect in various metabolic parameters including fat oxidation, weight loss and reduced appetite.

The latest green candle indicates a bullish engulfing pattern which upon confirmation over the next few days, may indicate a reversal in the offing.

Top 5 Losers

Pluribus Technologies (PLRB.V)

Market Cap ~ $3.83 million

Pluribus Technologies is dedicated to acquiring and enhancing small B2B software companies from owners and investors that are seeking a succession plan.

The stock is down 38.5% after the company released Q3 2023 financials yesterday which noted a 15% decline in revenue compared to the same period last year and a 19% increase in the company’s net loss compared to Q3 2022.

This isn’t a happy chart with lower highs and lower lows throughout. The latest plunge is like a dagger giving every indication this one hasn’t stopped bleeding.

POET Technologies (PTK.V)

Market Cap ~ $44.77 million

POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer™ a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor tech.

The stock is down 25.2% on the company announcing the pricing of a $1.4 million USD underwritten public offering of common shares and warrants.

The latest dip breached an important support level and doesn’t have any indication of a reversal.

GameOn Entertainment Technologies (GET.C)

Market Cap ~ $5.4 million

GameOn partners with the world’s biggest sports, media, and entertainment companies to launch brand-building, money-making NFT-based games.

The stock is down 23.8% on no news. The company released quarterly financials yesterday reporting a revenue of $1.0 million, up 456% from the same period last year, but also recorded a net loss of $2.56 million, only a 16% decrease from the same quarter last year.

SP has been ranging since almost the beginning of the year and in the last three months it has been struggling to keep at its support level. No signs of a reversal.

Tenet Fintech Group (PKK.C)

Market Cap ~ $17.1 million

Tenet is working on the development of an AI-powered network to provide SME entrepreneurs with the tools, resources and services they need to do business.

The stock is down 23.1% on no news. The company released quarterly financials yesterday reporting $9.2 million in revenues for the quarter with a net loss of $43.89 million for the same period.

Beyond the speculative peak this stock has ranged just above support unable to break resistance, looks like more of the same for the near future.

AnalytixInsight Inc (ALY.V)

Market Cap ~ $10.61 million.

AnalytixInsight is an AI company transforming data into knowledge. The company’s AI engine powers disruptive Finance Analytics and FinTech applications.

The stock is down 21.4% on no news. The company released quarterly financials yesterday reporting $93,932 in revenue with net and comprehensive loss of $926,260 for the quarter.