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
Gama Explorations (GAMA.CN)
Market Cap ~ $8 million
Gama Explorations Inc., a mining exploration company, engages in the identification, acquisition, evaluation, and exploration of mineral properties located in British Columbia, Canada. The company has an option to acquire a 100% interest in the Big Onion Property that consists of 13 contiguous non-surveyed mineral claims covering an area of approximately 4,493.18 hectares located in northwest British Columbia. It also holds interest in Gatineau Property located in Havre St. Pierre, Quebec and Muskox Property located in Yellowknife.
The stock is up 50% on no news.
The stock is breaking out above the range and this is a sign a new uptrend is beginning. Watch for a confirmed close above $0.12.
Go Metals (GOCO.CN)
Market Cap ~ $2.6 million
Go Metals Corp., an exploration stage company, engages in the acquisition and exploration of mining properties in Canada. The company explores for nickel, copper, cobalt, gold, and PGE deposits. Its flagship project is the HSP property that consists of approximately 400 square kilometer land package located in north of Havre-Saint Pierre, Quebec, including Clyde and 98 properties.
The stock is up 120% on no news.
Another stock with a breakout of a range. The daily candle close confirmation above $0.08 gets this going.
BioNxt Solutions (BNXT.CN)
Market Cap ~ $69 million
BioNxt Solutions Inc. operates as a bioscience company in Germany, Switzerland, Austria, Israel, the United States, and Canada. It develops drug delivery methods, such as transdermal patches and oral dissolvable films designed for delivery of neurological medications; and psychedelic medicine to treat mental health-related medical conditions, including depression, anxiety, addiction, and trauma-related stress disorder.
The stock is up 20% on no news.
A strong breakout here above $0.60. The uptrend continues and the next resistance comes in at $0.83.
Sendero Resources (SEND.V)
Market Cap ~ $26 million
Sendero Resources Corp., through its subsidiary, operates as an exploration company in Argentina. It primarily explores for copper and gold. The company holds a 100% interest in the Peñas Negras project, it exhibits close geological similarities to neighboring deposits covering an area of 120 square kilometers located in Vicuna district of Argentina.
The stock is up 14% on no news.
The stock is recovering after a corrective move yesterday. The uptrend remains intact until the current higher low is nullified.
Ophir Gold (OPHR.V)
Market Cap ~ $13.5 million
Ophir Gold Corp. acquires, explores, and evaluates mineral property assets in the United States. The company explores for lithium, and precious and base metal deposits. It primarily holds 100% interest in the Breccia Gold property located in Lemhi County, Idaho; and the Radis Lithium property located in the James Bay region of Quebec, Canada.
The stock is up 12% on no news.
The stock is ranging after a downtrend. The reversal trigger is a close and break above $0.16.
Top 5 Losers
Nio Strategic Metals (NIO.V)
Market Cap ~ $8.4 million
Nio Strategic Metals Inc., a development stage company, engages in the exploration and development of mineral properties in Quebec. The company explores for niobium and iron ores. It holds interest in the Oka mining property comprising one mining lease and 98 claims covering an area of approximately 5,429 acres; and the Great Whale Iron property comprising 98 claims covering an area of approximately 11,964 acres located in the Hudson Bay territory.
The stock is down 19% on no news.
Choppy price action but support is clear. A break below $0.10 would see the stock fall to the $0.05 zone. Watch to see if buyers can step in and stop the bleeding.
Nuclear Fuels (NF.CN)
Market Cap ~ $24 million
Nuclear Fuels Inc. engages in the acquisition and exploration for mineral resource properties. The company primarily focuses on exploring for critical metals and uranium deposits. Its principal properties are the LAB Project that consists of an area of 53 non-contiguous mineral licences covering 1508 minerals claims totaling 37,700 hectares located in Newfoundland and Labrador, Canada; and the KC Property, which comprises 673 lode minerals claims and 17 state mineral leases covering an area of 24,026 acres situated in Wyoming, the United States.
The stock is down 16% on no news, but two days ago, the Company announced the increase of the size of the previously announced bought deal private placement from C$5.0 million to C$6.4 million.
The stock is breaking down and yesterday’s close below $0.63 was a sign of things to come with a close below the higher low. There is some support here at the major psychological $0.50 zone. A close back above $0.63 would turn things around.
BIGG Digital Assets (BIGG.CN)
Market Cap ~ $111 million
BIGG Digital Assets Inc. operates and invests in the cryptocurrency industry in Canada. It operates through two segments, Blockchain Technology Development and Digital Currency Sales Brokerage. The company develops QLUE, a blockchain-agnostic search and analytics engine that enables law enforcement, RegTech, regulators, and government agencies to visually track, trace, and monitor digital currencies transactions at a forensic level; and BitRank Verified that offers a risk score for digital currencies that enables RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.
The stock is down 9% on no news.
The stock is ranging at resistance at $0.40. A close below $0.325 triggers more downside.
NuLegacy Gold (NUG.V)
Market Cap ~ $6.4 million
NuLegacy Gold Corporation engages in the acquisition and exploration of mineral properties. The company explores for gold deposits. Its flagship property includes the Red Hill property consists of 1,363 unpatented lode mining claims covering approximately an area of 108 square kilometers located in Eureka County, Nevada.
The stock is down 60% on news it has suspended its 2024 exploration program due to the lack of meaningful results in the second hole of the 2023 program combined with the failure to fully complete the Sept 2023 common share offering which was seeking C$ 2.5 million.
The stock is hitting rock bottom by testing previous record lows of $0.01. Good news has to come out of this before buyers begin to consider jumping back in.
GRIID Infrastructure (GRDI.NEO)
Market Cap ~ $328 million
GRIID is a purpose-built American-based infrastructure company operating bitcoin mining facilities since 2019 utilizing low-cost, low-carbon energy.
The stock is down 18% on no news.
Not much to say on this stock as it recently began trading. Not much price action so those interested should see how the stock reacts at psychological number zones. $5.00 is one of those.
