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July 24, 2024

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TOP STOCKS

Top 5 stock gainers and losers: USGD.CN, BTCW.V, GMTN.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

Genesis AI Corp (AIG.CN)

Market Cap ~ $8.7 million

Genesis AI Corp. does not have significant operations. Previously, it was engaged in the development of cyber security and cryptocurrency software.

The stock is up 40% on no news.

TradingView Chart

The stock is currently testing a key support zone and is seeing a nice bid indicating buyers are defending this zone.

 

American Pacific Mining (USGD.CN)

Market Cap ~ $67 million

American Pacific Mining Corp., a gold exploration company, engages in the exploration and development of mineral properties in the Western United States. The company primarily explores for gold and silver deposits. It owns interest in the Gooseberry project, which consist of 42 unpatented claims covering an area of approximately 708 acres located in Storey Nevada, the United States. In addition, the company holds interest in Palmer Project located in Haines, Alaska; Madison Project located in Montana; and Gooseberry Project located in Nevada. Further, it holds interest in Tuscarora Project, Red Hill Project, and South Lida Project located in Nevada.

The stock is up 30.7% on news of the Most Significant Copper Drill Intersections To-Date at Its Palmer VMS Project, Including 43.8 Metres of 6.54% and 23.9 Metres of 9.03% Copper.

TradingView Chart

The stock triggered a reversal with a break above $0.20. Now, the stock is making higher lows and higher highs and today’s news has confirmed the first higher low in a new uptrend.

 

Silver Sands Resources (SAND.CN)

Market Cap ~ $1.04 million

Silver Sands Resources Corp. engages in the acquisition and exploration of mineral property assets in Canada. It holds an interest in the Corner Pocket copper-zinc-silver massive sulfide project covering an area of 6,400 hectares located in Newfoundland.

The stock is up 20% on no news.

TradingView Chart

The stock is attempting to breakout above a range. A close above $0.12 confirms the breakout.

 

Aritzia (ATZ.TO)

Market Cap ~ $2.86 billion

Aritzia Inc., together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.

The stock is up 18% on Q3 2024 financial results.

TradingView Chart

A reversal pattern has triggered. For those with astute market structure eyes, you can see the inverse head and shoulders pattern.

 

Bitcoin Well (BTCW.V)

Market Cap ~ $15 million

Bitcoin Well Inc. acquires, owns, and operates cryptocurrency ATM machines in Canada. It provides online and in-person solutions to buy and sell bitcoin and other cryptocurrencies. The company also operates non-custodial Online Portal to buy, sell, and use bitcoin online.

The stock is up 50% on no news.

TradingView Chart

The stock is breaking above a resistance zone of $0.06. There is some resistance ahead around the $0.10 zone. Watch for a retest and then continuation if price pulls back to $0.06.

 

Top 5 Losers

Clearmind Medicine (CMND.CN)

Market Cap ~ $1.35 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 company has a collaboration with SciSparc Ltd. to conduct a study evaluating the companies combination treatment for obesity and metabolic syndrome.

The stock is down 44% on news that it has entered into definitive agreements with institutional investors for the purchase and sale of Common Shares and pre-funded warrants in a registered direct offering. In a concurrent private placement, the Company also agreed to sell to the same investors Common Warrants. Aggregate gross proceeds to the Company from both transactions are expected to be approximately $2.4 million.

TradingView Chart

After a gap up pop yesterday, the stock is now printing new all time record lows on today’s news. The stock needs to retake the $4.00 lower high to turn things around.

 

Sienna Resources (SIE.V)

Market Cap ~ $5.9 million

Sienna Resources Inc. engages in the identification, acquisition, and exploration of mineral properties in Canada, Finland, Norway, and the United States. It primarily explores for platinum, palladium, and lithium deposits. The company also holds an option to acquire a 100% interest in the Elko lithium project that covers an area of 1200 contiguous acres in Elko County, Nevada.

The stock is down 12.5% on news it has increased its acreage for a total of 1,839 contiguous acres on its “Elko Lithium Project” in Elko County, Nevada. 

TradingView Chart

A breakdown of support and the stock is set to drop to previous record lows around the $0.015 zone.

 

WonderFi Technologies (WNDR.TO)

Market Cap ~ $153 million

WonderFi Technologies Inc. owns and operates crypto asset trading platforms comprising Bitbuy, Coinsquare, CoinSmart, and Coinberry. The company provides SmartPay, a digital asset payment processing platform. It also offers digital asset trading ecosystems comprising a range of products and services, including advanced traders, institutions and corporate clients, and retail clients, as well as staking and corporate crypto services.

The stock is down 12.9% on no news, but three days ago, the Company provided a corporate update and Q4 2023 guidance.

TradingView Chart

The stock is pulling back after breaking out above the $0.25 zone. There seems to be a lot of buyers around $0.20 and we can tell this by the large wick candle.

 

Bitfarms (BITF.TO)

Market Cap ~ $1.13 billion

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees.

The stock is down 12.8% on no news.

TradingView Chart

The stock is held within a range and traders should be watching for the break. Support comes in at $3.50. A close below this level would see a larger drop down to $3.00.

 

Gold Mountain Mining (GMTN.TO)

Market Cap ~ $1.3 million

Gold Mountain Mining Corp. engages in the acquisition, exploration, and development of gold and silver properties in Canada. The company owns 100% interest in the Elk Gold project that consists of 32 mineral claims covering 22,152 hectares and two mining leases covering 646 hectares located in South Central British Columbia, Canada.

The stock is down 25% on news that its 2 subsidiaries holding the Elk Gold mining project concessions, have received “demand for payment” letters from two of its mine site contractors. The demand is for a total of approximately $5.6 million for contract work on the Elk gold mining project. $4.7 million of this amount is related to expenses incurred by its mining contractor and a notice of enforcement of security has also been received from this contractor regarding a previously announced and executed general security agreement (GSA). 

TradingView Chart

A strong downtrend with the stock making new all time record lows. It is not looking good both technical wise and news wise for the stock.

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