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

Razor Energy (RZE.V)

Market Cap ~ $17 million

Razor Energy Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in western Canada. The Company produces primarily light oil, natural gas, and natural gas liquids in Alberta. It operates assets in the Swan Hills area covering 155,520 gross acres of total land and the Kaybob area covering 84,320 gross acres of total land located in the west central Alberta, as well as the District South area covering 79,093 gross acres of total land located in the southern Alberta.

The stock is up 31% on the news that as a result of ongoing disputes with the operator of the Judy Creek Gas Plant, the operator continues to restrict access and will not process Razor’s Swan Hills natural gas production. As indicated in Razor’s press release on December 27, 2023, effective December 24th, 2023, a significant portion of Razor’s production was shut-in indefinitely.

This stock was on the list yesterday, and I talked about watching for a daily close above $0.305. This happened and the stock is seeing continuation. Resistance comes in around $0.63.

 

LSL Pharma Group (LSL.V)

Market Cap ~ $43 million

LSL Pharma Group Inc. engages in the development, manufacture, and distribution of natural health products and dietary supplements in solid dosage forms and sterile ophthalmic pharmaceutical products.

The stock is up 20% with no news.

The stock is held within a range and it looks like a breakout could be in play. Watch for a daily close above $0.50.

 

Numinus Wellness (NUMI.TO)

Market Cap ~ $40 million

Numinus Wellness Inc. provides psychedelic-assisted psychotherapy products and services in Canada and the United States. The company operates through Clinical Research Operations, Canadian Clinic Network, and U.S Clinic Network segments. The Clinical Research Operations segment offers clinical research management services to academic institutions and biotechnology companies.

The stock is up 20% on no news.

The stock is basing and forming a double bottom like pattern. The stock is breaking out above $0.15. Watch for a strong close above this level.

 

Helium Evolution (HEVI.V)

Market Cap ~ $22 million

Helium Evolution Incorporated engages in the exploration and production of helium in southern Saskatchewan.

The stock is up 18% on no news.

Strong price action. We do have a nice bottoming pattern with a double bottom and there was a close above $0.18 yesterday. Resistance does come in around $0.30.

 

Metal Energy (MERG.V)

Market Cap ~ $6 million

Metal Energy Corp. engages in the acquisition and exploration of mineral properties in Canada. It explores for nickel and copper deposits, as well as platinum group elements. The company’s flagship project is the Manibridge project that comprises approximately 4,368 hectares located in Manitoba on the Thompson Belt.

The stock is up 18% on news it has been selected  to receive up to $200,000 from the Ontario Junior Exploration Program to further advance its exploration efforts at the SourceRock lithium brine project near Thunder Bay, Ontario.

The stock is testing the resistance of the double bottom neckline at $0.07. Watch for a close above this zone for a further move higher.

 

Top 5 Losers

Vortex Energy (VRTX.CN)

Market Cap ~ $39 million

Vortex Energy Corp., a junior mineral exploration company, engages in the business of acquiring, exploring, staking, and evaluating natural resource properties in North America. The company explores for halite road salt and Uranium. It holds 100% interest in the Robinsons River Salt Property in Newfoundland and Labrador, Canada; and an option to acquire up to 100% interests in the Fire Eye Lake uranium property with a mineral claim covering approximately 4,497 hectares located in Saskatchewan, Canada.

The stock is down 20% on no news.

The stock recently broke out above a range and now is pulling back to retest this range. Upward momentum is still possible as long as buyers step in on the retest.

 

Smooth Rock Ventures (SMRV.V)

Market Cap ~ $2.5 million

Smooth Rock Ventures Corp. engages in the acquisition, exploration, and evaluation of mineral properties. The company has an option to purchase agreement to acquire a 100% undivided interest in Palmetto Project comprising of 116 unpatented mining claims covering an area of 2117 acres located in Esmeralda County, Nevada.

The stock is down 16% on no news.

A flag pattern has recently triggered and the stock is now correcting. As long as the stock remains above $0.08, more upside is possible.

 

DIRTT Environmental Services (DRT.TO)

Market Cap ~ $49 million

DIRTT Environmental Solutions Ltd. operates as a interior construction company in Canada. Its ICE software provides the industrialized construction system to design, visualize, organize, configure, and install the job. The company offers interior solutions to doors, casework, timber, electrical, networks, access floors, solid, glass, combination, leaf folding, and headwalls. It serves retail, technology, hospitality, manufacturing, energy, healthcare, education, government, military, professional, and financial service sectors.

The stock is down 12% on news of forming a strategic alliance to transform the interior construction procurement process.

The stock broke out above $0.50 but is not gaining any momentum. It appears we are set to confirm a false breakout which is bearish. Next support comes in at $0.40.

 

Independence Gold (IGO.V)

Market Cap ~ $32 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 stock is down 12% on no news.

We do have a reversal pattern here about to trigger. The stock has been in an uptrend and a double topping pattern is forming. A close below $0.20 triggers this pattern.

 

Midwest Energy Emissions (MEEC.V)

Market Cap ~ $123 million

Midwest Energy Emissions Corp., an environmental services and technology company, engages in developing and delivering solutions to the power industry in the United States and internationally. It provides mercury capture solutions. Its Sorbent Enhancement Additive (SEA) technology provides total mercury control with solutions that are based on a thorough scientific understanding of actual and probable interactions involved in mercury capture in coal-fired flue gas.

The stock is down 11% on no news.

Another possible double topping pattern here about to trigger. Watch for a close below $1.15.