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
Neotech Metals (NTMC.CN)
Market Cap ~ $81 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 up 109% on no news and has been halted this morning. Five 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.
Lot of talk of a pump and dump on market boards. People smell (or see!) something fishy. A major gap and resistance at $2.00. If the stock was to keep up the crazy price action to the upside, a break above $2.00 would be key.
ESE Entertainment (ESE.V)
Market Cap ~ $8.5 million
ESE Entertainment Inc., an entertainment and technology company, focuses on gaming and esports in Europe and internationally. It operates through three segments: Digital Media and Entertainment; Telecommunications and Call Center Services; and Advanced Simulation Racing Infrastructure, Technology, and Support. The company operates its own ecommerce channels, esports teams, and gaming leagues. It also develops technology and data; builds bespoke simulators; and offers turnkey simulator packages. In addition, the company engages in the media and product infrastructure company that focuses on the video game industry, which creates and executes esports and gaming events, broadcasts, and media content.
The stock is up 40% on news that it is implementing a normal course issuer bid to purchase, for cancellation, up to 4,000,000 of its common shares, representing approximately 4.9% of the Company’s 81,052,663 current issued and outstanding common shares and approximately 6.9% of the 57,980,125 common shares.
The stock is in a range and today’s price action is promising. Watch for a close above $0.10 to confirm the breakout. The next resistance comes in around the $0.17 zone.
Clearmind Medicine (CMDN.CN)
Market Cap ~ $2.3 million
Clearmind Medicine Inc., a pre-clinical pharmaceutical company, develops novel psychedelic medicines to treat under-served health problems in Canada and internationally. It develops treatments for alcohol use disorders, binge drinking and eating disorders, as well as depression, binge eating, psychotherapy, mental health issues, and other binge behaviors.
The stock is up 38% on news it has completed a Type A meeting with the U.S. Food and Drug Administration (FDA) to discuss the Company’s clinical trial of its proprietary MEAI-based, CMND-100 compound, for the treatment of Alcohol Use Disorder treatment (AUD) using its novel psychedelic- based therapy.
The stock recently printed new all time record lows and is now gapping up on today’s news. A close above $4.30 would take the price over the current lower high and set up a potential reversal.
Sintana Energy (SEI.V)
Market Cap ~ $112 million
Sintana Energy Inc. engages in the exploration, development, and production of crude oil and natural gas resources in Colombia. The company’s principal assets are private participation interests of 25% unconventional and 100% conventional in the hydrocarbon resources of Valle Medio Magdalena 37 Block, which covers an area of approximately 43,158 gross acres located in the Middle Magdalena Basin.
The stock is up 28% on news of an update regarding the ongoing exploration campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as the one of the world’s most prospective oil and gas regions.
A major breakout with the stock taking out the $0.38 zone. Profit is being taken but watch for the retest of the $0.38 zone.
Quantum Emotion Corp (QNC.V)
Market Cap ~ $8.1 million
Quantum eMotion Corp. engages in the development of cryptographic solutions based on quantum random number generators in Canada. It develops and markets encrypted data and communication solutions for financial, military, mobile, and internet telecommunication sectors.
The stock is up 20% on news of the formation of Quantum eHealth Inc., a wholly owned subsidiary dedicated to the development and commercialization of healthcare applications for its cutting-edge cybersecurity platform.
A shift in trends could be in the works. The stock is awaiting a nice candle close above $0.05. Today’s candle might just do it to trigger the reversal move.
Top 5 Losers
Cryptostar (CSTR.V)
Market Cap ~ $28 million
CryptoStar Corp., together with its subsidiaries, engages in cryptocurrency mining operations with data centers in Canada and the United States. The company operates through three segments: Self-Mining, Hosting, and Miner Sales. It operates in the distributed ledger technology space by utilizing specialized equipment to perform computationally intensive cryptographic operations to validate transactions on the Blockchain, as well as receives digital currencies primarily Bitcoin and Ethereum.
The stock is down 13% on no news.
The stock is red but it looks like this move is part of a pullback or correction move. The stock broke out above the $0.05 zone and bulls are probably there to keep the move going.
Noram Lithium (NRM.V)
Market Cap ~ $28 million
Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Its flagship property is the Zeus Lithium project consisting of 146 placer claims and 136 lode claims covering an area of approximately 1,113 hectares located in Clayton Valley, Nevada.
The stock is down 11% on no news.
A continuation move with the stock breaking below $0.375 support and sellers stepping in on the retest driving the price lower. This move is expected to continue lower.
Foremost Lithium (FAT.CN)
Market Cap ~ $17 million
Foremost Lithium Resource & Technology Ltd., an exploration stage company, engages in the hard-rock exploration and acquisition of lithium properties in Canada. Its lithium properties cover approximately 43,000 acres in Snow Lake, Manitoba, and hosts a Lac Simard South property in a lithium camp situated on approximately 11,400 acres in Quebec. The company’s flagship lithium lane projects, as well as its Lac Simard South project are located at the tip of the NAFTA superhighway. It also has Winston gold/silver property in New Mexico, the United States.
The stock is down 5% on news it received a multi-year work permit for its Jean Lake Lithium/Gold Project from the Mining Permit Office of the Manitoba Government, valid until April 30th of 2026.
Not too worried as bulls have stepped in to prevent a double digit loss on the day (for now!). This looks like a retracement and a double bottom reversal could be in play.
Elevation Gold Mining (ELVT.V)
Market Cap ~ $11 million
Elevation Gold Mining Corporation acquires, explores for, develops, and operates precious metal properties in the United States. The company explores for gold and silver deposits. It has 100% interest in Moss Gold-Silver mine located in Mohave County, Arizona; and holds title to the Hercules exploration property located in Lyon County Nevada.
The stock is down 9% on news of Q4 2023 production results.
The stock is held within a range and a breakout gives us the next move.
Gama Explorations (GAMA.CN)
Market Cap ~ $11 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 down 9% on no news. Yesterday, the Company announced the discovery of multiple massive titanium-vanadium-scandium occurrences via groundwork on the Company’s 100%-owned, 625 km2 Tyee Critical Mineral Project.
Just profit taking. This chart looks bullish as it just confirmed a breakout above $0.12.
