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
Orford Mining (ORM.V)
Market Cap ~ $20 million
Orford Mining Corporation, a mineral resource company, primarily focuses on the acquisition, exploration, and evaluation of base and precious metal assets in Canada. The company explores for gold, copper, zinc, nickel, lithium, platinum, palladium, and cobalt. It owns 100% interests in Qiqavik gold exploration property comprising 946 mining claims covering an area of 38,717 hectares located in Nunavik, Quebec; Joutel-Omega Property covering an area of approximately 17,000 hectares located in Quebec’s Abitibi District; West Raglan property that consists of 1,734 mining claims covering an area of 71,301 hectares located in Nunavik, Quebec; and Nunavik lithium properties, which consists of 1,115 claims covering an area of 45,553 hectares located in Nunavik, Quebec.
The stock is up 100% on news Alamos Gold has agreed to acquire all of the issued and outstanding common shares of Orford not already owned by Alamos by way of a plan of arrangement, for deemed consideration of C$0.10 per Orford Share representing a total equity transaction value (on a 100% basis) of approximately C$24 million on a fully diluted, in-the-money basis.
If there was no buy out, this would have been a great range breakout. But we know Alamos Gold is buying the Company for $0.10 per share which will be where the stock will hover until the transaction closes.
Angold Resources (AAU.V)
Market Cap ~ $5.3 million
Angold Resources Ltd., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada, the United States, and Chile. The company explores for gold and copper. Its flagship properties include the Dorado property covering an area of approximately 14,770 hectares and the Cordillera property covering an area of approximately 1,680 hectares located in the Maricunga Gold Belt of Northern Chile, as well as holds 100% interest in Uchi project covering an area of approximately 7000 hectares located in Ontario, Canada.
The stock is up 47% on no news.
The stock is in a new uptrend with higher lows and higher highs. A breakout is occurring which will lead to the continuation of this uptrend. Watch for a test around the $0.20 zone.
Red White & Bloom Brands (RWB.CN)
Market Cap ~ $30.5 million
Red White & Bloom Brands Inc. manufactures, processes, and distributes cannabis products and accessories primarily in Michigan, California, and Florida. The company operates through Retail and Distribution segments. It also sells non-THC branded products, as well as branded and third-party cannabis products and accessories to the adult-use and medical markets.
The stock is up 30% on news that, in connection with the proceedings of Aleafia Health Inc. and certain of its subsidiaries under the Companies’ Creditors Arrangement Act the parties have successfully closed the previously announced sale transaction.
The stock was in a downtrend and it looks like things are turning. The breakout and close above $0.05 was the trigger. If price remains above this price level, the stock can continue its move higher.
Aston Bay Holdings (BAY.V)
Market Cap ~ $23 million
Aston Bay Holdings Ltd. acquires, explores for, and develops resource properties in the United States and Canada. The company explores for copper, lead, zinc, gold, silver, and precious metal deposits. It holds a 100% interest in the Storm Copper and Seal Zinc project that consists of 117 contiguous mining claims covering an area of approximately 302,725 hectares on Somerset Island, Nunavut, Canada; and the Blue Ridge Gold project covers an area of 4,445 hectares located in central Virginia, the United States.
The stock is up 31.2% on no news.
A very interesting chart for those who are market structure traders. We have an inverse head and shoulders pattern in play, and today’s candle so far is showing continuation. There is however a gap between $0.12 and $0.16. These tend to act as resistance. But if the stock can close above $0.16, it will fill the gap which translates to more upside.
Power Lithium (POWR.CN)
Market Cap ~ $12 million
POWR Lithium Corp. engages in the exploration and the development of mineral properties. It holds interest in the Halo lithium project that consists of 98 claims covering an area of 819 hectares located within the Big Smoky Valley in the Tonopah mining district in southern Nevada; and the ELi sediment-hosted lithium deposit property located in Nevada, the United States.
The stock is up 28% on no news. Three days ago, the Company announced the complete results from the four-hole, 2,899 feet (883.9-metre) maiden drilling program.
A good pop up and the stock is now testing a key resistance around the $0.275 zone. We do have a double bottom pattern which could also trigger on this breakout.
Top 5 Losers
Evergold (EVER.V)
Market Cap ~ $4.8 million
Evergold Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for gold, silver, and copper deposits. Its flagship properties include 100% interests in the Golden Lion property covering an area of approximately 5,099 hectares located in Toodoggone region of northcentral British Columbia, Canada, as well as an option agreement to purchase 100% interests in the Rockland property that comprises 71 unpatented claims covering approximately 594 hectares, including the past-producing Rockland mine and adjacent exploration claims located in the Walker Lane geological belt of western Nevada.
The stock is dropping hard and is approaching a ley support zone around the $0.04 zone. Here is where buyers could enter for a bid.
GameOn Entertainment (GET.CN)
Market Cap ~ $11 million
GameOn Entertainment Technologies Inc. provides white label game technologies. It offers prediction, fantasy, and NFT -based games. The company was formerly known as V2 Games Inc. and changed its name to GameOn Entertainment Technologies Inc. in January 2021.
The stock is down 23% on no news.
This is an interesting chart. We are selling off hard at resistance, but a flag pattern just broke out a few days ago. Buyers could be entering here to continue the breakout. A fall below $0.12 would nullify bullish momentum.
Neotech Metals (NTMC.CN)
Market Cap ~ $66 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 17% on no news.
A very hyperbolic/super nova like chart and looks like a pump and dump happened. The stock attempted to fill in the gap at $2.60 but failed to do so. A move down to $1.00 looks likely.
NowVertical Group (NOW.V)
Market Cap ~ $31 million
NowVertical Group Inc., together with its subsidiaries, operates as a big data, analytics, and vertical intelligence company in the United States, Argentina, the United Kingdom, and internationally. The company operates in two segments: Technology and Solutions. Its proprietary technologies include NOW Fusion was designed to create a flexible distributed data processing pipeline; NOW DataBench, a data science platform develop to level the analytic playing field and empower users with a complete set of tools to accomplish a myriad of analytic tasks with ease; NOW Affinio for Snowflake provides privacy-safe analytics and data collaboration on own data.
The stock is down 15% on news of the appointment of a new CEO.
The stock broke out above $0.28 which confirmed a new uptrend. The stock is making higher lows and higher highs and is currently testing the current higher low at $0.36.
DEFI Technologies (DEFI.NEO)
Market Cap ~ $149 million
DeFi Technologies Inc., a technology company, engages in the development and listing of Exchange Traded Products (ETPs). The company’s ETPs provide investment vehicles, indirect exposure to underlying cryptocurrencies, digital asset indexes, and other decentralized finance instruments. It also participates in decentralized blockchain networks by processing data transactions that contribute to network security and stability, governance, and transaction validation. In addition, the company invests in decentralized finance companies that seeks to operate as an alternative to the traditional financial system; and DeFi Infrastructure that offers node management of decentralized protocols to support governance, security, and transaction validation for their networks.
The stock is down 10% on no news.
We could be seeing a topping here with a triple top like pattern. A close back above $0.60 would turn things around.
