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
Osino Resources (OSI.V)
Market Cap ~ $234 million
Osino Resources Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold mining properties in Namibia. Its flagship project is the Twin Hills project that consists of 11 licenses covering 153,206 hectares located in Central Namibia; holds 100% interest in the Ondundu gold exploration property covering 19,969 hectares located in Namibia; and Otjikoto East gold project that consists of one license covering approximately 38,114 hectares located in Northern Namibia.
The stock is up 27% on news that Dundee Precious Metals will acquire Osino for a consideration consisting of C$0.775 in cash per Osino Share. The Consideration implies a value of C$1.55 per Osino Share and a total equity value of C$287 million on a fully-diluted in-the-money basis.
The acquisition price will be $1.55 so that is going to be the resistance for the stock.
Anaergia Inc (ANRG.TO)
Market Cap ~ $19 million
Anaergia Inc., together with its subsidiaries, provides solutions for the generation of renewable energy and conversion of waste to resources. It operates through three segments: Capital Sales; Services; and Build, Own, and Operate Projects. The company offers waste processing solutions that capture and process organic waste contained within mixed municipal solid wastes; anaerobic digestion solution for the production of clean energy, fertilizers, and recycled water from waste streams; membrane-based system to upgrade biogas and create pipeline; liquid treatment for water re-use and nutrient recovery; and residue treatment solutions.
The stock is up 26% on news of a $40.8 million strategic investment by Marny Investissement SA.
The stock is within a range and the resistance comes in at $0.375 above. Watch for that breakout!
Basin Uranium (NCLR.CN)
Market Cap ~ $7.3 million
Basin Uranium Corp., a junior exploration company, engages in the mineral exploration and development activities in Canada and the United States. It explores for uranium and gold ores. The company holds 100% interest in the Wray Mesa project covering 6,282 acres and located in the San Juan County, Utah. It also holds options to acquire 75% of the Mann Lake Uranium project covering 8,582 acres and located in the eastern Athabasca Basin in northern Saskatchewan; 90% interest in the Chord project covering approximately 3,037 acres and located in Fall River County, South Dakota; and 60% interest in the CHG project covering 3,606 hectares and located in British Columbia.
The stock is up 16% on no news.
The stock is showing signs of a cup and handle reversal pattern. Resistance comes in at $0.48 but watch the $0.50 zone as it is a major psychological zone.
Norseman Silver (NOC.V)
Market Cap ~ $7.1 million
Norseman Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of mineral properties in Canada and Argentina. It holds an option agreement to acquire a 100% interest in certain mining claims located in the Province of British Columbia; and a 100% interest in the Taquetren silver project covering an area of 285 square kilometers located in the Navidad-Calcatreau mining district, Argentina.
The stock is up 16% on no news.
The stock is breaking above the $0.10 zone. A daily close back above this level will be important for the stock.
Premier American Uranium (PUR.V)
Market Cap ~ $29 million
Premier American Uranium Inc. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for uranium and vanadium.
The stock is up 17% on no news.
Not much price data but the stock did tag previous all time highs at $1.90. A candle close above $1.75 would be considered a breakout as we would have a new record candle close.
Top 5 Losers
Ecolomondo Corporation (ECM.V)
Market Cap ~ $29 million
Ecolomondo Corporation operates as a clean tech company in Canada. It focuses on commercialization and implementation of thermal decomposition process using a pyrolysis platform that converts hydrocarbon waste into marketable commodity end-products, including carbon black substitute, oil, gas, and steel.
The stock is down 20% on no news.
The stock is printing new all time record lows. A close back above $0.17 would begin to turn things around.
Total Helium (TOH.V)
Market Cap ~ $8.7 million
Total Helium Ltd. operates as a helium exploration, production, and storage solutions company in the United States. It holds 50% interest in the Pinta South project located in the Holbrook Basin of Arizona; and the Helisium Project located in the State of Kansas.
The stock is down 26% on no news.
A strong downtrend with new all time record lows being printed. The stock needs to close above $0.14 to take out the current lower high keeping this downtrend going.
Gold Mountain Mining (GMTN.TO)
Market Cap ~ $5.7 million
Gold Mountain Mining Corp. engages in the acquisition, exploration, and development of gold and silver properties in Canada. The company owns 100% interest in the Elk Gold project that consists of 32 mineral claims covering 22,152 hectares and two mining leases covering 646 hectares located in South Central British Columbia, Canada.
The stock is down 18% on no news.
52 week lows with the stock breaking below an important support zone at $0.075. It must reclaim this support to begin to make reversal progress.
Morien Resources (MOX.V)
Market Cap ~ $19 million
Morien Resources Corp., a mining development company, engages in the identification and purchase of mineral projects in Canada. The company holds royalty interests in the Donkin coal mine located in Cape Breton, Nova Scotia; and the Black Point aggregate project, a granite deposit located in Guysborough County, Nova Scotia.
The stock is down 17% on no news.
This move could be a correction to retest a broken range. Let’s watch the retest of the $0.36 zone in the next few days and see if buyers jump in here.
Getchell Gold (GTCH.CN)
Market Cap ~ $12 million
Getchell Gold Corp., a junior resource exploration company, engages in the identification, acquisition, exploration, and development of precious and base metal mineral resource properties in the United States. The company primarily explores for gold, silver, and copper deposits. It has an option to acquire a 100% interest in the Fondaway Canyon property comprising 171 claims; and the Dixie Comstock property that consists of 28 claims located in the Churchill County, Nevada.
The stock is down 16% on no news.
The stock is within a range but this has occurred after a long downtrend. Selling pressure could be exhausting but the stock needs a breakout here.