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 ~ $22 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 42% on news of further details on the proposed transactions to acquire certain assets from KOI and Movistar Riders.
This stock was on the Market Mover list last week where I discussed the testing of the upper portion of the trendline. The stock did confirm a close above this trendline and triggered the breakout. Resistance comes in around the $0.35 zone.
Mink Ventures (MINK.V)
Market Cap ~ $3.7 million
Mink Ventures Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for battery metals comprising nickel, copper, and cobalt deposits. It entered into an option agreement to acquire an 80% interest in the Montcalm project, which consists of a contiguous block comprising 196 claim units covering approximately 3,964 hectares located in Montcalm township, Ontario, Canada.
The stock is up 33% on no news.
The stock is held within a large range with today’s big move coming from the bottom portion of this range. Major resistance comes in around the $0.25 zone and support at $0.12.
QC Copper and Gold (QCCU.V)
Market Cap ~ $32 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 15% on no news. Yesterday, the Company announced an updated mineral resource estimate, representing Canada’s highest grade open pit copper deposit.
The stock is continuing its momentum move from yesterday. We are now testing a key resistance zone. We should expect some profit taking here, but if the buying pressure remains strong, we could see a breakout above this zone meaning further momentum.
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 ~ $11 million
The stock is up 30% on no news.
This stock was on yesterday’s Market Movers list and I talked about the stock breaking out above the $0.05 zone. The momentum is continuing and the stock is now set to get a strong close above $0.05. Watch for some interim resistance around $0.07.
Scandium International (SCY.TO)
Market Cap ~ $8.8 million
Scandium International Mining Corp., an exploration stage company, focuses on the exploration, evaluation, and development of specialty metals assets in Australia. Its principal project is the Nyngan scandium project located in New South Wales, Australia.
The stock is up 25% on news of an update to shareholders, specifically on the on goings at the Nyngan Scandium project in NSW Australia.
The stock is in a strong downtrend and hit record lows at $0.015. The current lower high comes in at $0.025, where the stock is testing right now. Watch for a close above this zone for a continuation higher.
Top 5 Losers
Neotech Metals (NTMC.CN)
Market Cap ~ $44 million
The Company is a mineral exploration company based in Vancouver, B.C., which owns 40 rare earth mineral claims comprising the TREO Property, located in Northern, British Columbia. Canada. The Company also holds options on the EBB nickel-cobalt property located in British Columbia, Canada and 22 mining claims comprising the Thor REE Project, a mid-stage exploration property located in the eastern Mojave Desert Region, approximately 119 kilometers south of Las Vegas.
The stock is down 70% on no news. It has been halted earlier this morning. A few days ago, the Company clarified that the technical disclosure relating to its TREO Property contained in its news releases dated November 9, 2023, December 1, 2023, and December 12, 2023, in its 2023 investor presentation, and on its website which the Company retracted and / or clarified in its December 28, 2023 news release, is also retracted in full from any and all disclosures about the Company made by the Company’s marketing services provider, The Financial Star News.
Now that is a major stock dump. The stock has tumbled from $4.00 to below $1.00. There is some support here at the $0.80 zone. A break below this would take us down to the $0.60 zone.
Cannabix Technologies (BLO.CN)
Market Cap ~ $23 million
Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for employers, law enforcement, workplaces, and laboratories in the United States. It develops tetrahydrocannabinol breath analyzers, a point of care breath testing tool for the rapid detection of recent cannabis use; MS breath sampler; and contactless alcohol breathalyzer, as well as breath collection units.
The stock is down 20% on no news.
The downtrend is continuing as sellers have stepped in at the lower high and resistance around the $0.25 zone. Further downside expected unless bulls can confirm a close above $0.25.
Horizonte Minerals (HZM.TO)
Market Cap ~ $61 million
Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district.
The stock is down 18% on no news.
A sell off as the stock tested resistance at the lower high. A close above $0.375 is needed for a a reversal.
AJN Resources (AJN.CN)
Market Cap ~ $10.5 million
AJN Resources Inc. engages in the exploration and evaluation of mineral properties. The company entered into an option agreement to acquire 100% interests in the Salt Wells Lithium project located in Nevada, the United States; and binding term sheet to acquire 75% interests in exploration permits of the Kabunda South project located in the Manono Territory, Tanganyika Province, the Democratic Republic of the Congo.
The stock is down 16% on no news.
The stock is within a broad range. The stock is battling near a major support level, but a close above $0.375 and then $0.50 is what the bulls want.
Black Swan Graphene (SWAN.V)
Market Cap ~ $33 million
Black Swan Graphene Inc. engages in the production and commercialization of patented graphene products for polymers, concrete, Li-ion batteries, and other sectors.
The stock is pulling back after confirming a breakout yesterday. This looks like a retest. Watch to see if buyers will step in around this support around $0.10 to keep the breakout momentum going.
