Top 5 stock gainers and losers: BIG.V, STRR.V, LUR.CN

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

Willow Biosciences (WLLW.TO)

Market Cap ~ $18 million

Willow Biosciences Inc., a biotechnology company, develops, produces, and sells plant derived ingredients for consumer care, food and beverage, and pharmaceutical product industries in Canada. The company has a collaboration agreement with SUANFARMA to develop anti-infective API through precision fermentation.

The stock is up 45% on news that they are advancing their program to develop precise, concise manufacturing routes to advanced intermediates and high-value active pharmaceutical ingredients.

The stock seems to have printed a double bottom pattern. Resistance is approaching at $0.16.

Star Royalties (STRR.V)

Market Cap ~ $25 million

Star Royalties Ltd. operates as a precious metals and carbon credit royalty and streaming company. The company focuses on providing wealth creation through originating transaction structuring with alignment to both counterparties and shareholders. It specializes in bespoke and operator-friendly financing solutions, including originating and restructuring of royalties and streams in precious metals and in North American nature-based carbon offset projects.

The stock is up 54% on news of the closing of a strategic investment by Cenovus Energy Inc for a total consideration of C$21.2 million. Following this Strategic Investment, Cenovus will own 25.9% of the common shares of Green Star along with the right to invest alongside Green Star in high-integrity carbon projects.

The stock has been in a downtrend but now things could be shifting. We have positive fundamental news that the market likes, plus a technical break. The previous lower high at $0.26 has been taken out and a new uptrend could be in the works.

Burcon Nutrascience (BU.TO)

Market Cap ~ $19 million

Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. The company offers Peazazz and Peazac, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products. It provides Puratein, a canola protein isolate for use in meat alternatives, such as burgers, sausages, and nutrition bars; Supertein, a canola protein that is a light-colored powder for use in non-dairy frozen desserts, egg alternative, plant-based marshmallows and ready-to-mix beverages, whipped toppings, and plant-based bars; and Nutratein, a canola protein comprising a mixture of globulin and albumin proteins for use in meat and egg alternatives, and other plant-based functional foods.

The stock is up 34% on news that the Company has entered into a production agreement with its partner manufacturer to bring the world’s first high purity 95% hempseed protein isolate to market.

The stock is printing an inverse head and shoulders pattern. Watch for a break and close above $0.18 to trigger the neckline break. This is a reversal pattern so things could be turning around for the stock.

Latitude Uranium (LUR.CN)

Market Cap ~ $45 million

Latitude Uranium Inc. engages in the acquisition, exploration, and development of mineral properties in Labrador, Canada. It primarily explores for uranium. The company focuses on the Angilak Property located in Nunavut Territory, Canada.

The stock is up 33% on news that ATHA energy Corp will acquire all of the issued and outstanding common shares of Latitude.

Based upon ATHA’s reference price of C$1.00, the implied consideration per Latitude Share is C$0.28, representing a 68% premium to Latitude’s closing price on December 6, 2023.

Not much to say for this one as the implied consideration price is $0.28. This price level will be the resistance.

Hercules Silver (BIG.V)

Market Cap ~ $294 million

Hercules Silver Corp., a junior mining company, engages in the acquisition, exploration, and development of resource properties in the United States. The company explores for silver, lead, and zinc deposits. Its flagship property is 100% owned Hercules Silver Project located in Washington County, Idaho.

The stock is up 17% on no news. But, it is the top trending ticker on message boards.

The uptrend is continuing. The neckline of the head and shoulders pattern is $1.00. Buyers have stepped in above this zone and the uptrend can continue. Watch for a daily candle close above $1.30 to test previous record highs.

Top 5 Losers

Cat Strategic Metals (CAT.CN)

Market Cap ~ $2.8 million

CAT Strategic Metals Corporation engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for uranium, gold, silver, and copper deposits. The company holds a 100% interest in the South Preston Uranium property covering approximately 29,395 hectares located in Saskatchewan, Canada; and the Gold Jackpot property comprising 64 unpatented lode claims that covering an area of 535 hectares located to the southeast of Jackpot, Nevada.

The stock is down 33% on no news.

A move contained within a small range. The stock is near all time record lows.

Gensource Potash (GSP.V)

Market Cap ~ $29 million

Gensource Potash Corporation, together with its subsidiaries, operates as a fertilizer development company in Canada. The company focuses on potash development activities. It holds various interests in the Tugaske Project located in Saskatchewan; and Vanguard Area, as well as the Lazlo projects located in central Saskatchewan.

The stock is down 18% on news of key developments regarding the 2023 Vanguard North 3D Seismic Program and critical updates on project financing.

A breakdown of support and a gap down. Bearish. The next support level comes in at $0.04.

G2 Goldfields (GTWO.V)

Market Cap ~ $108 million

G2 Goldfields Inc. engages in the acquisition and exploration of gold deposits in Guiana. It primarily holds 100% interests in the properties located in the Oko Aremu District and Puruni District, Guyana.

The stock is down 13% on no news. Two days ago, the Company announced it had drilled 275 g/t Au over 0.8 m & 53 g/t Au over 5.7 m.

A big drop on this one with the stock closing below support yesterday. Support comes in close to the $0.50 zone.

Axis Auto Finance (AXIS.TO)

Market Cap ~ $8.5 million

Axis Auto Finance Inc. provides automotive lending services. It engages in the vehicle financing loans to customers who do not qualify through traditional sources. The company also offers equipment financing solutions, which includes industrial and manufacturing machinery,

The stock is down 12% on no news.

The stock is bouncing within a range. A close above $0.12 is what gives us the breakout.

Clearmind Medicine (CMND.CN)

Market Cap ~ $3 million

Clearmind Medicine Inc., a pre-clinical pharmaceutical company, develops novel psychedelic medicines to treat under-served health problems in Canada and internationally. It develops treatments for alcohol use disorders, binge drinking and eating disorders, as well as depression, binge eating, psychotherapy, mental health issues, and other binge behaviors.

The stock is down 11% on no news.