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December 18, 2024

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MARKET MOVERS

Top 5 stock gainers and losers: PNRL.V, ROS.V, FKM.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

E-Power Resources Inc (EPR.CN)

Market Cap ~ $1.62 million

E-Power Resources Inc engages in exploration for mineral resources in Quebec, Canada. Its flagship property is the Tetepisca graphite property comprising 230 mineral claims covering 12,620 hectares located in the Abitibi region of western Québec; and Turgeon graphite project, that consists of 331 claims covering 18,366 hectares located in the Abitibi region of western Québec.

The stock is up 40% on no news.

TradingView Chart

A basing pattern could be in play with the stock ranging and looking to breakout above the $0.08 resistance zone.

 

Roscan Gold (ROS.V)

Market Cap ~ $65 million

Roscan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of gold properties in West Africa. It holds 100% interests in the Kandiole project comprising ten contiguous gold exploration permits covering an area of approximately 401.8 square kilometers located in Mali, West Africa.

The stock is up 32% on no news.

TradingView Chart

Another basing/reversal chart in play. It appears that we have an inverse head and shoulders pattern. The trigger for this reversal pattern is a breakout above the $0.125 zone.

 

VR Resources (VRR.V)

Market Cap ~ $10 million

VR Resources Ltd., a mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States and Canada. It primarily explores for rare earth metals, copper, silver, gold, and diamond deposits. The company’s principal properties include 100% owned Northway property consisting of 284 claims; and Hecla-Kilmer REE critical metals comprising 224 mineral claims in one contiguous block covering an area of 4,618 hectares located in northern Ontario, Canada.

The stock is up 28.57% on no news.

TradingView Chart

The pop occurs while the stock is in its range. A breakout above $0.105 is what bulls want to see.

 

Fokus Mining (FKM.V)

Market Cap ~ $5.6 million

Fokus Mining Corporation, a mining exploration company, acquires and explores for mining properties in Canada. The company primarily explores for gold, rare earth elements, and rare metals. It owns interest in the Galloway property located in Dasserat Township, Québec.

The stock is up 25% on news of a private placement. The Company is launching a private placement of up to 1,250,000 units at a price of $0.04 per Unit, for aggregate gross proceeds to Fokus of up to $450,000.

TradingView Chart

Just a pop within its basing pattern. A close above $0.05 is what triggers the breakout.

 

Capitan Silver (CAPT.V)

Market Cap ~ $11 million

Capitan Silver Corp. engages in the exploration and development of mineral properties in Mexico. It holds interest in the Cruz de Plata gold-silver project covering an area of 22.9 square kilometers in Durango, Mexico; and the Jesus Maria silver deposit in Mexico.

The stock is up 25% on no news.

TradingView Chart

Double bottom reversal pattern structure is developing. However the trigger of this reversal pattern is a breakout and close above $0.15.

 

Top 5 Losers

Jade Power Trust (JPWR.H)

Market Cap ~ $1.34 million

Jade Power Trust is a renewable energy company that relies on wind, solar, and hydropower generation assets.

The stock is down 50% on no news. The company announced five days ago that the final amount of €3.0 million held in escrow pursuant to the closing of the Trust’s sale of all its renewable energy operating assets to Enery Power Holding GmbH and its affiliate has been released from escrow.

TradingView Chart

Since the large drop last year, the stock is still ranging and trying to find some sort of catalyst to get things going. The stock did breakout above the $0.06 resistance zone recently. Now, it is testing this price level as support. If this move is a correction, then one would expect bulls to enter here.

 

San Lorenzo Gold (SLG.V)

Market Cap ~ $6.5 million

San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile.

The stock is down 14% on no news. 

TradingView Chart

The stock is battling at the $0.11 resistance zone. In the past few days, the stock has not been able to retake this resistance zone. This is a technical sell off.

 

Tethys Petroleum (TPL.V)

Market Cap ~ $58 million

Tethys Petroleum Limited acquires, explores for, and develops crude oil and natural gas fields in Kazakhstan. It holds 100% working interest in the Kyzyloi production contract covering an area of 449 square kilometers; Akkulka exploration licence and contract covering an area of 827 square kilometers; Akkulka production contract covering an area of 396 square kilometers; and Kul-Bas exploration and production contract covering an area of 7,632 square kilometers located in Kazakhstan.

The stock is down 18% on no news.

TradingView Chart

A choppy chart but we are seeing a breakdown below the $0.60 zone. There are multiple support levels here but the stock is currently testing the psychologically important $0.50 zone.

 

Fathom Nickel (FNI.CN)

Market Cap ~ $11 million

Fathom Nickel Inc., a resource exploration and development company, engages in identifying, acquiring, and exploring the base and precious metals for use in electric vehicle and battery markets. The company primarily explores for nickel deposits. Its flagship project is the Albert Lake Project, which consists of 31 mineral claims covering an area of 90,460 hectares located in the La Ronge Mining District of Saskatchewan, Canada

The stock is down 12% on news of a $4.5 million private placement. 

TradingView Chart

A stock that has shifted from an uptrend to now, a downtrend. The downtrend remains intact unless the stock can reclaim $0.14. The next major support comes in at $0.08.

 

Premium Nickel Resources (PNRL.V)

Market Cap ~ $170 million

Premium Nickel Resources Ltd., through its subsidiaries, engages in exploration and development of mineral properties in Botswana. The company also engages in the exploration and development of nickel-copper-cobalt-platinum group metals resources. It operates in Botswana, Greenland, Barbados, and Canada.

The stock is down 11.97% on news of a proposed $20 million equity and debt financing package.

TradingView Chart

A drop below interim support with major support coming in at $1.10, near the major psychological $1.00 zone.

 

 

 

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