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May 23, 2024

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TOP STOCKS

Top 5 stock gainers and losers: WEED.TO, RHT.V, SB.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

Stratabound Minerals (SB.V)

Market Cap ~ $7.7 million

Stratabound Minerals Corp. engages in the exploration and evaluation of mineral resource properties in North America. The company primarily explores for lead, zinc, silver, copper, gold, and cobalt deposits. Its flagship project is the Fremont Gold project located in the Mariposa County, California; and the Dingman Gold project consists of certain mineral claims that located in the north of Belleville, Ontario. The company holds 100% interest in the McIntyre Brook Project located in New Brunswick; and Bathurst Group property comprising one mining lease in the Bathurst base metal mining camp in New Brunswick, Canada, as well as holds option to acquire 100% interest in the Golden Culvert property that comprising 431 mineral claims located in the southeast Yukon Territory.

The stock is up 75% on news of a new discovery on its Win Gold Project in the southern Tombstone Gold Belt.

TradingView Chart

This could be the catalyst for a trend reversals. The stock was ranging after printing record lows, and now, we are seeing a break above the range and above the downtrend line. Resistance comes in at $0.04. Watch for a close above resistance for further momentum.

 

Quimbaya Gold (QIM.CN)

Market Cap ~ $10 million

Quimbaya Gold Inc., together with its subsidiaries, engaged in the acquisition, exploration, and development of mineral properties in Colombia. It explores for gold and silver deposits.

The stock is up 28% on no news.

TradingView Chart

The stock is within a range with resistance at $0.60 and support down around $0.40. We just tested a key support zone and saw buyers jump in. A breakout above the range is what bulls should watch for next.

 

InnoCan Pharma (INNO.CN)

Market Cap ~ $83 million

InnoCan Pharma Corporation, a pharmaceutical technology company, focuses on the development of various drug delivery platforms combining cannabidiol (CBD) with other pharmaceutical ingredients in the United States, Canada, Europe, and internationally. It engages in the research and development of COVID-19 and other condition treatment by using CBD loaded exosomes; and CBD loaded liposomes to pain relief and treatment of epilepsy and other central nervous system disorders and other indications. The company offers its products under the Shir and Relief & Go brand names.

The stock is up 21% on news on the establishment of a specialized team to prepare the Company’s submission to the United States Food and Drug Administration (the “FDA”) for the human application of its LPT CBD platform.

TradingView Chart

The stock just broke below a support zone but with today’s price action, the stock is recovering back above broken support leading to a false breakdown. $0.42 remains key resistance.

 

Sirona Biochem (SBM.V)

Market Cap ~ $27 million

Sirona Biochem Corp., a cosmetic ingredient and drug discovery company, develops and sells cosmetic and pharmaceutical active ingredients in Canada and France. Its programs include cosmetic skin lightener and diabetes drug; and other projects include the development of an anti-aging/cell protection library, novel anti-wrinkle compound, and anti-viral program.

The stock is up 31% on no news. Two days ago, the Company announced the trademarking of its groundbreaking anti-aging and anti-wrinkle molecule, TFC-1326, as GlycoProteMim™.

TradingView Chart

The stock has bounced at the $0.075 zone and even printed a double bottom pattern. If today’s close is confirmed above $0.10 we would have a trigger of this reversal pattern.

 

Reliq Health Technologies (RHT.V)

Market Cap ~ $69 million

Reliq Health Technologies Inc., a healthcare technology company, develops secure telemedicine and virtual care solutions for the healthcare market. It offers iUGO Care platform, a software as a solution that allows complex patients to receive care in the home.

The stock is up 21% on news hat it has signed new contracts with ten physician practices in Florida, Nevada and Texas. These practices are expected to add over 10,000 patients to Reliq’s iUGO Care platform by mid-2024. Onboarding has already begun.

TradingView Chart

The stock is battling at the major psychological $0.25 support. Buyers are stepping in on the news. There is still a gap to be filled with a close above $0.35 accomplishing this.

 

Top 5 Losers

PJX Resources (PJX.V)

Market Cap ~ $15 million

PJX Resources Inc. engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold, silver, zinc, lead, cobalt, and copper deposits. Its flagship mineral property is the Dewdney Trail property covers an area of approximately 10,000 hectares located in northeast of Cranbrook, British Columbia. It also holds 100% interest in the Vine, the Gold Shear, the DD, the Eddy, the Parker Copper, the Zinger, and the West Basin projects located in the Cranbrook area of British Columbia, Canada.

The stock is down 25% on no news. Two days ago, the Company announced the closing of a private placement for $551,250.

TradingView Chart

A major drop but we can see that buyers are stepping in at the $0.08 support zone. If today’s candle closes below this zone, then expect a further drop.

 

Canopy Growth (WEED.TO)

Market Cap ~ $572 million

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company’s products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes.

The stock is down 25% on news that the Company’s board of directors has approved the consolidation of the Company’s issued and outstanding common shares on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares.

TradingView Chart

After it appeared the stock was making a progress in turning things around, we are seeing a deep dive and interim support likely being broken leading to a test of support at the $0.50 zone.

 

Condor Gold (COG.TO)

Market Cap ~ $59 million

Condor Gold Plc, together with its subsidiaries, operates as a gold exploration and development company in the United Kingdom and Nicaragua. It also explores for silver mines. The company owns a 100% interest in the La India project that comprises 12 concessions covering an area of 588 square kilometers located in the La India Gold Mining District, Nicaragua. It also holds 100% interests in Rio Luna concession covering an area of 43 square kilometers located in Central Highlands, Nicaragua; and Estrella concession covering an area of 18 square kilometers located in Nicaragua.

The stock is down 16% on no news. Yesterday, the Company announced a signed notice for the exercise of warrants which will result in the issue of 6,666,667 New Ordinary Shares at 15p for a consideration of £1M.

TradingView Chart

A new shift in trend possibly? Today’s price action would just be a correction and a pullback. Watch for the stock to remain above $0.25 to further continue upside momentum.

 

Deveron Corp (FARM.V)

Market Cap ~ $24 million

Deveron Corp. provides data collection and analytics services to the agricultural industry in Canada and the United States. It offers data acquisition services and data analytics based on digital recommendations and data interpretations. The company provides data collection services, including data collection for soil sampling, drone data, etc. It also offers services in the areas of fertility sampling, agronomic insights, lab sciences, carbon, soil health, and field imagery.

The stock is down 16% on no news.

TradingView Chart

The stock is down after filling in a mini gap. Not a bullish sign but watch to see if the stock can hold above $0.14.

 

Regulus Resources (REG.V)

Market Cap ~ $87 million

Regulus Resources Inc. operates as a mineral exploration company. Its flagship project is the AntaKori copper-gold-silver project comprises 20 mineral concessions that cover an area of 438 hectares located in the Yanacocha-Hualgayoc mining district in the Department of Cajamarca, Northern Peru.

The stock is down 11% on no news. 

TradingView Chart

The stock is down and has closed back below $0.75 which was a major zone for the stock. $0.65 is the next support level.

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