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May 23, 2024

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TOP STOCKS

Top 5 stock gainers and losers: NTMC.CN, DEFN.V, FH.NEO

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

Ecolomondo Corporation (ECM.V)

Market Cap ~ $34 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 up 24% with no news.

TradingView Chart

This is a recovery… or perhaps a dead cat bounce, as the stock printed new 52 week lows yesterday. The stock must take out $0.22 in order to turn things around and begin a new trend.

 

Neotech Metals (NTMC.CN)

Market Cap ~ $182 million

The Company is a mineral exploration company based in Vancouver, B.C., which owns 40 rare earth mineral claims (the “TREO Property”) and holds an option on the EBB nickel-cobalt property, all of which are located in British Columbia, Canada.

The stock is up 26% on no news. Four days ago, the Company announced a strategic option for the Thor REE Project.

TradingView Chart

The stock is in parabolic move. Major gap up and pop higher. We don’t have set resistance so in this case, one should watch the $4.00 zone.

 

VIQ Solutions (VQS.TO)

Market Cap ~ $9.6 million

VIQ Solutions Inc. operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates through two segments, Technology and Related Revenue, and Technology Services. The Technology and Related Revenue segment develops, distributes, and licenses computer-based digital solutions based on its technology.

The stock is up 20% on no news.

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The downtrend is apparent with the slope of the trend. Today’s price action is promising but note the large wick candle indicating a sell off. Watch for a daily close confirmation above $0.175 for a close above the current lower high.

 

Defense Metals (DEFN.V)

Market Cap ~ $54 million

Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It has 100% interest in the Wicheeda project consisting of 9 mineral claims covering an area of 4,244 hectares located in British Columbia.

The stock is up 20% on no news, but the stock was halted this morning due to pending company contact and the reason was not specified.

TradingView Chart

A very nice pop with strong volume after a halt. The range has been broken with a move above $0.17. The stock is seeing profits being taken at the $0.23 resistance. A close above $0.23 gets this going but the range breakout is big. The stock can print a higher low as long as it remains above $0.17.

 

Fobi AI (FOBI.V)

Market Cap ~ $21 million

Fobi AI Inc., operates as a data intelligence company worldwide. The company offers artificial intelligence, automated marketing, contact tracing, and contactless solutions to the brick-and-mortar space. It also provides Fobi, a plug and play hardware or software that offers real-time, detailed insights and automated, and personalized engagement. The company serves telecom, casino gaming, sports and entertainment, hospitality, and retail industries.

The stock is up 20% on no news.

TradingView Chart

A new trend about to begin? A nice pop after the stock printed new 52 week lows. A close above $0.12 by the end of the day would get us over the current lower high.

 

Top 5 Losers

Filament Health (FH.NE)

Market Cap ~ $22.4 million

Filament Health Corp. operates as a clinical-stage natural psychedelic drug development company. The company propagates psychedelic plants and fungi; conducts genetic research; develops manufacturing technology; generates intellectual property; conducts in-house trials; and distributes drug candidates to drug developers, researchers, and other licensed parties.

The stock is down 36% on news that the Company has terminated the proposed business combination with Jupiter Acquisition Corporation. 

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Two bad press releases in two days and the stock is dumping. The brief positive? We have tanked down to the major support zone at $0.05 where selling pressure could exhaust.

 

C3 Metals (CCCM.V)

Market Cap ~ $38.3 million

C3 Metals Inc. engages in the identification, acquisition, exploration, and evaluation of copper and gold deposits in Peru, Jamaica, and Canada. Its flagship property is the 100% owned Jasperoide copper-gold project that consists of 49 claims covering an area of 263 km2 located in Southern Peru, as well as has an option agreement to earn a 100% interest in two concessions covering an area of 5 sq km.

The stock is down 10% on no news. 

TradingView Chart

After a major pop the stock has closed below support at $0.85 and is retreating further. Watch the $0.60 zone since this is where the breakout occurred.

 

RIWI Corp (RIWI.V)

Market Cap ~ $12 million

RIWI Corp. operates as a trend-tracking and prediction technology firm in the United States, Canada, Europe, and internationally. Its patented cloud-based software solution provides global digital intelligence platform to clients seeking real-time citizen sentiment data. The company offers subscription products, such as RIWI compass to gauge the extent of political, macroeconomic, and geopolitical risks.

The stock is down 7% on no news. Six days ago, the Company launched a new Canadian Consumer Confidence Index.

TradingView Chart

The stock recently broke out and formed a higher low double bottom pattern which is actually a strong reversal pattern. Watch to see if the buyers can defend the $0.60 zone.

 

Golden Shield Resources (GSRI.CN)

Market Cap ~ $7.9 million

Golden Shield Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Guyana. The company explores for gold deposit. Its 100% owned flagship project is the Marudi Mountain Project that covers an area of 5,457 hectares located in southwestern Guyana.

The stock is down 7% on no news.

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The stock has printed new all time record lows today briefly before bouncing. The stock could range here but a close above $0.16 is what gets a reversal.

 

Labrador Gold (LAB.V)

Market Cap ~ $23.8 million

Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas. The company owns a 100% interest in the Borden Lake property located in Chapleau, Ontario. It has an option to acquire 100% interest in the Kingsway property consisting of 264 claims in 3 licenses covering approximately 77 square kilometers located near Gander, Newfoundland; and the Hopedale property that comprises 998 claims in 5 licenses covering 249 square kilometers.

The stock is down 6% on no news.

TradingView Chart

It seemed like we had a breakout but the stock is now breaking down. Watch this $0.14 level. A close below this would be a false breakout and more lows.

 

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