Top 5 stock gainers and losers: AE.V, QCCU.V, NDM.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

American Eagle Gold Corp (AE.V)

Market Cap ~ $45 million

American Eagle Gold Corp. engages in the acquisition and exploration of gold and copper deposits in North America. Its flagship is the NAK copper-gold property located in British Columbia.

The stock is up 54% on news that hole NAK23-17 intersected 302 metres of 1.09% Copper Equivalent within 606 metres of 0.74% Copper Equivalent beginning at 98 metres downhole, west of the South Zone at its NAK Copper Gold porphyry project.

A huge gap up pop with the stock printing new all time record highs on this news. Good momentum and the stock is bullish above $0.32. Watch for some potential profit taking which may result in the stock correcting before continuing the uptrend.

Farmers Edge (FDGE.TO)

Market Cap ~ $14 million

Farmers Edge Inc. develops digital agriculture solutions in Canada, the United States, Brazil, Australia, and internationally. It operates through two segments, Digital Agronomy Operations and E-commerce Operations. The Digital Agronomy Operations segment offers suite of digital agronomy solutions to growers. Its E-commerce Operations engages in the sale of crop inputs through online marketplace. It offers FarmCommand, a cloud-based analytics software platform, which makes easy to collect, visualize, analyze, and use farm data to support operations and measure the impact of every decision; and Smart Carbon solutions comprising low-carbon grain and verifiable carbon credit.

The stock is up 36% on news it has received a revised non-binding proposal from its majority shareholder, Fairfax Financial Holdings Limited under which Fairfax would acquire all of the common shares in the capital of the Company other than those Common Shares already owned by Fairfax or its affiliates, at a purchase price of $0.35 per Share. The Revised Proposal, which was received following negotiations between Fairfax and the special committee of independent directors of the board of directors of Farmers Edge, represents an increase of 40% to the previously proposed purchase price of $0.25 per Common Share.

Not much to say for this one as we are just seeing an increase due to the increased proposed purchase price from $0.25 to $0.35.

QC Copper and Gold (QCCU.V)

Market Cap ~ $27 million

QC Copper and Gold Inc. engages in the exploration, development, and production of mineral properties in Canada. The company primarily explores for copper and gold deposits. It holds 100% interests in the Opemiska copper complex located in the Chibougamau region of Quebec. The company also holds an interest in the Scott property and Cooke Robitaille Property located in the region of Quebec.

The stock is up 29% on news of an updated mineral resource estimate, representing Canada’s highest grade open pit copper deposit.

The stock has been in a range which is a good bottoming sign but the trigger is always a breakout. We are seeing that breakout currently but a candle close above $0.14 is what triggers the move. The next major resistance comes in at the $0.18 zone.

Northstar Clean Technologies (ROOF.V)

Market Cap ~ $16 million

Northstar Clean Technologies Inc., a clean technology company, focuses on the recovery, repurposing, and reprocessing of asphalt shingles in North America. The company has developed a proprietary design process for taking discarded asphalt shingles or destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate sands, and fiber.

The stock is up 18% on news that IKO and Northstar, through its wholly-owned subsidiary Empower Environmental Solutions Calgary Ltd. have signed a binding five-year manufacturing waste asphalt shingle supply agreement for Northstar’s planned asphalt shingle reprocessing facility in Calgary, Alberta.

The stock just hovered above previous record lows. Today’s bid is positive on the news but for the stock to change the trend, it requires a daily close above the $0.14 zone.

Chakana Copper (PERU.V)

Chakana Copper Corp. engages in the acquisition, exploration, and development of mineral properties. It holds an option to acquire a 100% interest in the Soledad copper-gold-silver project located in Central Peru.

Market Cap ~ $10 million

The stock is up 33% on no news.

After recently printing new all time record lows, the stock began to range and is now breaking above the $0.05 zone. Resistance comes in at $0.07. Things look positive and we could be looking at a shift in trends.

Top 5 Losers

StrategX Elements (STGX.CN)

Market Cap – $3.5 million

StrategX Elements Corp. engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company explores for cobalt and other mineralization deposits. It holds interest in the Project 939 and EA South projects located in Northwest Territories; and Tasijuaq, NagVaak, and Mel project located in the Melville Peninsula, Nunavut.

The stock is down 44% on no news.

Choppy price action but the stock is within a range with $0.20 acting as resistance and $0.085 acting as support.

Urbanimmersive (UI.V)

Market Cap ~ $4.7 million

Urbanimmersive Inc. engages in the development and commercialization of real estate photography technologies and services in Canada. It operates through three segments: Software, Photography Equipment, and Service. The Software segment offers a Software-as-a-Service marketing platform to professional photographers and other immersive visual content providers.

The stock is down 38% on news that a couple of members of the Board of Directors have resigned.

The stock was slowly trending upwards, but it looks like a rising wedge pattern is about to trigger leading to more downside.

Northern Dynasty Minerals (NDM.TO)

Market Cap ~ $215 million

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.

The stock is down 22% news that the US Supreme Court has denied Alaska’s petition to review its claims that the EPA veto of the Pebble Project was illegal.

Traders are keeping this one in its range with a sell off occurring near resistance at $0.56. Note this is the third time price has sold off here cementing it as a major resistance. Support comes in around $0.40.

Rugby Resources (RUG.V)

Market Cap ~ $20 million

Rugby Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Colombia, Argentina, Chile, Australia, and the Philippines. It primarily explores for gold, silver, and copper deposits. The company holds an interest in the Motherlode gold-copper project that covers an area of 878 hectares located to the south of Surigao City in Surigao del Norte province, the Philippines; 100% interest the Colombia gold project; 100% interest in the Cobrasco copper project that covers approximately 3,000 hectares located in the Choco Region of Colombia; and Georgetown project comprising various exploration permits totaling 849 square kilometers located in North Queensland, Australia.

The stock is down 11% on no news.

The stock is pulling back today but it is doing so to retest a major support zone after a breakout. Watch to see if buyers step in to defend this zone.

Enthusiast Gaming (EGLX.TO)

Market Cap ~ $40 million

Enthusiast Gaming Holdings Inc., an integrated gaming entertainment company, engages in the media, content, entertainment, and esports businesses in Canada, the United States, England and Wales, and internationally. The company owns and operates video-gaming expo; owns and manages esports teams for various games comprising Apex Legends, Rocket League, World of Warcraft, Call of Duty: Mobile, Rainbow Six Siege, PlayerUnknown’s Battlegrounds, Call of Duty: Warzone, Super Smash Bros: Melee, and Super Smash Bros: Ultimate; and produces and programs approximately 20 weekly shows across advertising-based video on demand (AVOD) and over-the-top (OTT) channels, as well as represents approximately 500 gaming influencers on YouTube and Twitch.

The stock is down 13% on news that the CEO has resigned and a new interim CEO has been appointed.