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July 18, 2024

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Top 5 stock gainers and losers: PM.CN, NTAR.CN, ENW.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 Stocks

Pampa Metals (PM.CN)

Market Cap ~ $7.6 million

Pampa Metals Corporation, a mineral exploration company, engages in the acquisition and exploration of base and precious metals projects in Chile. It owns an area of 47,400-hectare portfolio of seven projects for copper, molybdenum, and gold deposits located in Chile.

The stock is up 32% on news of assay results from the PIU16-DDH01 diamond drillhole (920.2 m) completed at the Piuquenes Project in the 2015-2016 season. 

Results include:
– 558.2 m (362-920.2 m EOH) @ 0.38% Cu & 0.42 g/ Au & 2.4 g/t Ag (0.73% CuEq)
Including:
– 296 m (362-658 m) @ 0.5 % Cu & 0.5 g/t Au & 2.7 g/t Ag (0.91% CuEq),
– 180 m (362-542 m) @ 0.71% Cu & 0.61 g/t Au & 3.8 g/t Ag (1.22% CuEq) and
– 130 m (362-492 m) @ 0.81% Cu & 0.6 g/t Au & 4 g/t Ag (1.31 % CuEq)

TradingView Chart

A nice pop from the bottoming pattern. Now, the next level of resistance comes in at $0.28. A close above this level would begin a new uptrend.

 

Nextech3D AI (NTAR.CN)

Market Cap ~ $18 million

Nextech3D.AI Corporation provides augmented reality technologies, wayfinding technologies, and 3D model services. It focuses on creating 3D WebAR photorealistic models for the prime ecommerce marketplace, as well as other online retailers.

The stock is up 20% on news of a new AI tool from its largest customer, Amazon. The AI tool will be used for speeding up the Quality Assessment (QA) for 3D models.

TradingView Chart

After printing record lows, the stock began to range. Now, with today’s news, we may have a catalyst to breakout. Watch for a daily close above $0.16, but the major resistance comes in at $0.21.

 

EnWave Corporation (ENW.V)

Market Cap ~ $40 million

EnWave Corporation designs, constructs, markets, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States. The company operates through EnWave and NutraDried segments. It also offers radiant energy vacuum (REV) platforms, such as nutraREV for dehydration of fruits, vegetables, herbs, dairy products, meats, and seafood; and quantaREV designed for low-temperature dehydration of solid, liquid, and granular or encapsulated food or cannabis products.

The stock is up 19% on news it has provided conditional acceptance of the Company’s normal course issuer bid, subject to the Company meeting all of the requirements of the TSXV. EnWave may acquire up to 10,799,564 common shares, representing 10% of the public float of EnWave as of December 5, 2023.

TradingView Chart

One for the breakout traders and investors. The stock broke out above the $0.30 resistance and has successfully played out the retest. This is very bullish. Resistance comes in around the $0.42 zone.

 

Pulsar Helium (PLSR.V)

Market Cap ~ $19 million

Pulsar Helium Inc. engages in the acquisition, exploration, and development of helium properties in the United States and Greenland. Its flagship project is the Topaz Project covering an area of 3,132.45 acres and located in Lake County, Minnesota.

The stock is up 19% on news the Company that the processing of the passive seismic survey at the Company’s wholly owned Topaz helium project in Minnesota, is complete.

TradingView Chart

A shift in trend could be in play as can be seen by the slope of the chart. The downtrend seems to be broken and a new uptrend could be in the works. Watch for the stock to hold above the $0.25 zone for more momentum.

 

4Front Ventures (FFNT.CN)

Market Cap ~ $124 million

4Front Ventures Corp. owns and manages licensed cannabis facilities in state-licensed markets in the United States. The company operates in two segments, THC Cannabis and CBD Wellness. THC Cannabis segment engages in the cultivation, production, manufacturing, and distribution of THC cannabis products to owned dispensaries and third party retailers; and provision of ancillary services.

The stock is up 15% on no news.

TradingView Chart

Looks to be more of a bounce and retracement in a breakdown. The stock needs to reclaim $0.22 in order to regain bullish momentum.

 

Top 5 Losers

Optiva Inc (OPT.TO)

Market Cap ~ $20 million

Optiva Inc. provides cloud-native monetization and revenue management software to communication service providers (CSP) in Europe, the Middle East, Africa, North America, Latin America, the Caribbean, Asia, and the Pacific Rim. The company’s monetization products enable real-time charging, rating, billing, product catalog, policy management, and customer care for any digital services of a CSP.

The stock is down 17% on no news.

TradingView Chart

The stock has broken below support and has printed new all time record lows. This is like catching a falling knife unless the stock can climb back over $6.00.

 

Headwater Gold (HWG.CN)

Market Cap ~ $15 million

Headwater Gold Inc. engages in the acquisition and exploration of precious metal properties in the United States. The company primarily explores for gold. It holds interests in a portfolio of mineral properties located in the states of Idaho, Nevada, and Oregon.

The stock is down 14% on news of an exploration update. 

TradingView Chart

A breakdown and this looks bearish. A head and shoulders market structure adds to the bearishness.

 

Viscount Mining (VML.V)

Market Cap ~ $23 million

Viscount Mining Corp., an exploration stage company, engages in the acquisition, evaluation, and exploration of mineral properties in the United States. It primarily explores for gold, silver, and base metal deposits. The company’s flagship property is the 100% owned Silver Cliff project that consists of 96 lode claims covering an area of approximately 944 hectares located in Colorado. It also holds a 100% interest in the Cherry Creek project that consists of over 578 unpatented and 41 patented claims, as well as mill rights located in White Pine County, Nevada.

The stock is down 13% on no news.

TradingView Chart

It looks like this price action is profit taking and a correction after the stock broke out above resistance at $0.20.

 

Prospera Energy (PEI.V)

Market Cap ~ $32 million

Prospera Energy Inc., a natural resources company, acquires, explores for, and develops petroleum and gas properties in Canada. It primarily holds interests in the Pouce Coupe and Red Earth properties in Alberta and Cuthbert; and Hearts Hill and Luseland properties in Saskatchewan.

The stock is down 11% on no news.

TradingView Chart

With oil falling energy stocks are following along. We have a major support here around the $0.08 zone. Watch to see if buyers will jump in here.

 

Titan Medical (TMD.TO)

Market Cap ~ $10 million

Titan Medical Inc., a medical technology company, focuses on the development and commercialization of robotic assisted surgical technologies for application in minimally invasive surgery. It is developing the Enos system, a robotic single access surgical system that includes a surgeon-controlled patient cart comprising a 3D high-definition vision system and multi-articulating instruments for performing surgical procedures; and a surgeon workstation that provides the surgeon with ergonomic interface to the patient cart and a 3D endoscopic view inside the patient’s body during surgical procedures.

The stock is down 10% on no news.

TradingView Chart

The stock is rejecting resistance at $0.12. A break below will print new all time record lows.

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