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May 23, 2024

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TOP STOCKS

Top 5 stock gainers and losers: BB.TO, FFOX.V, GAU.TO

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

OverActive Media (OAM.V)

Market Cap ~ $12.8 million

OverActive Media Corp. operates as a media, sports, and entertainment company. It operates in two segments, Team Operations and Business Operations. The company delivers sports, media, and entertainment products for fans with a focus on esports, videogames, content creation and distribution, culture, and live and online events. It also operates fan clubs, and other fan-related activities.

The stock is up 39% on no news.

TradingView Chart

The stock has been ranging between two trendlines. Today’s price action is seeing the stock breakout above the trendlines. A daily close confirmation is key to confirm a pattern break.

 

Firefox Gold (FFOX.V)

Market Cap ~ $11 million

FireFox Gold Corp. engages in the exploration and development of gold deposits in Finland. It holds a 100% interest in the Jeesiö gold project located in Lapland; and the Mustajärvi gold project situated in northern Finland.

The stock is up 36% on news that Agnico Eagle Mines has acquired  19,010,000 units of FireFox Gold Corp. in a non-brokered private placement at a price of $0.075 per Unit for total consideration of approximately $1,425,750.

TradingView Chart

A gap up with today’s news. The stock is testing resistance at the $0.08 zone. The uptrend can continue as long as the stock remains above $0.06.

 

Getchell Gold (GTCH.CN)

Market Cap ~ $14 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 up 25% on no news.

TradingView Chart

A basing and a reversal could be in play here. Watch for a daily close above the $0.14 zone.

 

Galiano Gold (GAU.TO)

Market Cap ~  $241 million

Galiano Gold Inc. engages in the exploration, development, and production of gold properties. The company’s primary asset is the Asanko Gold Mine located in Ghana, West Africa.

The stock is up 22% on news that it has entered into a binding share purchase agreement with subsidiaries of Gold Fields Limited. to acquire Gold Fields’ 45% interest in the Asanko Gold Mine. Upon completion of the Acquisition, Galiano will establish itself as a growing gold producer with robust financial strength, owning and operating one of the largest gold mines in West Africa.

TradingView Chart

A breakout above the key resistance zone of $1.00 with good news. The stock could pullback but as long as it remains above $1.00, the breakout can continue. $1.30 is the next resistance zone.

 

Filament Health (FH.NE)

Market Cap ~ $23.8 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 up 21% on no news.

TradingView Chart

The Company has had negative news this week and resulted in the stock dropping down to its major support zone. As discussed in yesterday’s Top 5 Gainers and Losers article, I mentioned that this is major support. The bulls did step in and this stock did hit $0.18 today.

 

Top 5 Losers

Barksdale Resources (BRO.V)

Market Cap ~ $32 million

Barksdale Resources Corp. engages in the acquisition and exploration of precious and base metal mineral properties in the United States and Mexico. It primarily explores for copper, zinc, lead, silver, and gold ores. The company’s primary asset is the Sunnyside property comprising of 286 unpatented mining claims covering approximately 5,223.71 acres located in the Patagonia Mountains of southern Arizona. It also holds interest in the San Antonio, the Four Metals, the Canelo, and the Goat Canyon projects located in Santa Cruz County, Arizona; and the San Javier property located in central Sonora, Mexico.

The stock is down 19% on news that it has entered into an agreement pursuant to which Cormark Securities Inc., as sole Agent, has agreed to sell, on a “best efforts” private placement basis, a minimum of approximately 5,000,000 common share units in the capital of the Company at a price of $0.40 per Unit for gross proceeds of $2.0 million.

TradingView Chart

A major breakdown of a support level… and it looks like we have printed and triggered a head and shoulders reversal pattern. The next support comes in at $0.28.

 

FendX Technologies (FNDX.CN)

Market Cap ~ $9 million

FendX Technologies Inc., a nanotechnology company, engages in the research, development, and commercialization of surface protection coating products in Canada. It develops REPELWRAP, a surface coating film to protect high contact surfaces from contamination to reduce the transmission of harmful pathogens.

The stock is down 15% on no news. Yesterday, the Company announced a non-brokered private placement at a price of $0.20 per Unit, for total gross proceeds of $500,000.

TradingView Chart

A downtrend and new record all time lows. The stock needs to show signs of selling exhaustion and needs to take back the $0.22 resistance zone as support.

 

BlackBerry (BB.TO)

Market Cap ~ $2.78 billion

BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including more than 235M vehicles.  Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems.

The stock is down 12% on Q3 fiscal 2024 earnings. Here are some numbers:

  • Total Revenue: $175 million, with growth in both IoT and Cybersecurity segments.
  • Non-GAAP Earnings Per Share: $0.01, surpassing expectations.
  • Gross Margin: Increased to 73%, reflecting improved profitability.
  • Cybersecurity Revenue: $114 million, marking a significant sequential and year-over-year increase.
  • IoT Revenue: $55 million, demonstrating continued momentum in the automotive sector.
  • Cash Position: Total cash, cash equivalents, and investments at $271 million.
  • Strategic Developments: Appointment of John Giamatteo as CEO and progress towards creating standalone IoT and Cybersecurity divisions.

TradingView Chart

The stock broke out above the $5.00 zone but after earnings, the stock is breaking back below confirming a fake breakout. The next support comes in at $4.50.

 

Independence Gold (IGO.V)

Market Cap ~ $38 million

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in Canada and North America. It explores for gold and silver deposits. It holds 100% interest in the 3Ts project comprising 15 mineral claims covering approximately 5,200 hectares located in the Nechako Plateau region of central British Columbia; and Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district, Yukon. The company also holds interests in the Moosehorn property that consists of 82 quartz mining claims covering an area of approximately 1,720 hectares located in the Whitehorse mining district, Yukon. In addition, it has an option to acquire 60% interests in Merit property that consists of four mineral claims covering an area of approximately 1,907 hectares located in the Spences Bridge Gold Belt, British Columbia; and Nicoamen property comprises of nine mineral claims covering approximately 3,332 hectares located in the Spences Bridge Gold Belt, British Columbia.

The stock is down 9.6% on no news. Yesterday the Company announced a financing of up to $1 million.

TradingView Chart

The uptrend continues with higher lows and higher highs. Today’s price action looks like a correction in an uptrend. A close below $0.18 is what nullifies the uptrend.

 

Else Nutrition Holdings (BABY.TO)

Market Cap ~ $27 million

Else Nutrition Holdings Inc. engages in the development, production, and sale of food and nutrition products for infants, toddlers, children, and adults in North America and Israel. It offers baby snacks; baby feeding accessories, such as feeding bottles and teats; plant-based baby formula products; toddler, children, and adult nutrition products; and complementary food products.

The stock is down 8% on no news. Yesterday the Company announced that one of the largest retailers in North America will be offering its Ready-to-Drink (RTD) Kids Shakes via its online store by the end of January 2024. 

TradingView Chart

No momentum after a large pop in November. The next support zone to be tested will be $0.16, which is the current all time record low.

 

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