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
Emerge Commerce (ECOM.V)
Market Cap ~ $4.32 million
Emerge Commerce Ltd. owns and operates a portfolio of e-commerce marketplaces in Canada and the United States. The company’s marketplace and subscription e-commerce properties provide pet products, meat/ grocery, and golf products. Its principal operating e-commerce brands include WholesalePet.com, truLOCAL.ca, UnderPar.com, JustGolfStuff.ca, WagJag.com, BeRightBack.ca, BattlBox.com, and CarnivoreClub.co.
The stock is up 40% on news the Company has entered into a share purchase agreement dated January 23, 2024, with Tiny Fund I, LP pursuant to which EMERGE US intends to sell to the Buyer all of the issued and outstanding shares in the capital of WSP.
The downtrend is beginning to turn. the past few days has seen a pop above the range. The close above $0.02 was key. As long as the stock remains above this zone, the uptrend can continue.
MediaValet (MVP.TO)
Market Cap ~ $73 million
MediaValet Inc. develops and delivers enterprise cloud software to manage the digital media assets for companies in various industries. The company offers Enterprise Digital Asset Management (DAM) platform that helps to create, find, work with, manage, and share digital assets; CreativeSPACES, a hybrid cloud/on premise tool for collaborating between team members, the core DAM, and other media creation software; and other modules for advanced artificial intelligence, audio/video intelligence engine, active directory single sign-on module, CDN linking, branded portals, Office 365 connector, mobile support, content publishing, and open application programming interface developer tools.
The stock is up 27% on news that is is to be acquired by an affiliate of STG for $1.71 per share for a premium of 30%.
Not much to say on this chart as we have a closing acquisition price of $1.71.
Biorem (BRM.V)
Market Cap ~ $22 million
BioRem Inc., a clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). It offers biofilters for the removal of odors, H2S, VOCs, and HAPs; and biotrickling filters for applications of high levels of H2S or other water-soluble VOCs.
The stock is up 23% on no news.
A very strong momentum candle on the recent breakout. There is not much resistance until we hit the $1.80 zone.
Trillion Energy (TCF.CN)
Market Cap ~ $27 million
Trillion Energy International Inc. operates as an oil and gas exploration and production company with assets in Turkey and Bulgaria. It owns 49% interests in the SASB natural gas field covering an area of 12,387 hectares; 19.6% ownership interest in the Cendere oil field; and 50% operating interest in the Bakuk gas field located near the Syrian border.
The stock is up 21% on no news.
The stock has been in a downtrend likely due to the geopolitical news. Now, after making recent lows, the stock is beginning to turn things around. The current lower high comes in at $0.27. This zone needs to be taken out for a reversal.
Koryx Copper (KRY.V)
Market Cap ~ $15 million
Koryx Copper Inc., a development stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, Namibia, and Zambia. It primarily explores for copper deposits. The company holds a 100% interest in the Haib project located in the south of Namibia. It also holds interest in the Zambia Copper property in Zambia.
The stock is up 15% on news of first assay results from its 2023/2024 drilling program at its Haib Copper project in southern Namibia.
A breakout of a flag pattern. The stock will maintain this uptrend as long as it holds above $0.065. Resistance comes in around the $0.11 zone.
Top 5 Losers
K9 Gold (KNC.V)
Market Cap ~ $1.8 million
K9 Gold Corp. engages in the identification, acquisition, and exploration of mineral interests. The company holds 100% interests in the Stony Lake East Gold project consisting of 8 mineral licenses covering an area of 13,625 hectares located in the Grand Falls province of Newfoundland. It also owns interests in the Desert Eagle project comprising 97 lode claims covering an area of 2,004 acres located in Garfield County, Utah.
The stock is still holding between a price range. A breakout above the $0.035 zone needs to be taken out for upside momentum.
BlackBerry (BB.TO)
Market Cap ~ $2.28 billion
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylancePROTECT, an endpoint protection platform and mobile threat defense solution; CylanceOPTICS, an endpoint detection and response solution; CylanceGUARD, a managed detection and response solution; CylanceGATEWAY, an AI-empowered zero-trust network access solution; CylancePERSONA, a user and entity behavior analytics solution; BlackBerry unified endpoint management, a central software component for secure communications platform; BlackBerry Dynamics, a development platform and secure container for mobile applications; and BlackBerry Workspaces solutions.
The stock is down 19% on news of a proposed private offering of $160 million of convertible senior notes.
It is not looking good for BlackBerry. A major support zone is being taken out. Next support comes in around the $2.00 zone. the stock will need to close back above $4.30 to nullify this bearish breakdown.
Nevada Sunrise Metals (NEV.V)
Market Cap ~ $7.1 million
Nevada Sunrise Metals Corporation, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Nevada, the United States. The company explores for gold, copper, cobalt, nickel, and lithium deposits. It holds interests in the Kinsley Mountain property located in White Pine County; the Gemini and Jackson Wash situated in Esmeralda County; the Coronado VMS property in Pershing County; and the Lovelock mine property and the Treasure Box property located in Churchill County.
The stock is down 18% on no news. Yesterday, the Company released its maiden resource estimate of 7.1 million tonnes LCE on its Gemini Lithium Project in Nevada.
The stock was a top gainer yesterday and today, the stock is pulling back. As long as the price remains above $0.06, the new uptrend still has legs.
NorthStar Gaming Holdings (BET.V)
Market Cap ~ $14 million
NorthStar Gaming Holdings Inc., through its subsidiaries, operates an online betting platform in Canada. It own’s and operates NorthStar Bets, a casino and sportsbook gaming platform with pre-live and live markets with monthly sports betting markets, and slot, live, table and jackpot casino games including slot games, blackjack, roulette, and baccarat.
The stock is down 16% on no news, but two days ago, the Company reported preliminary Q4 and full year 2023 results.
The stock was ranging at record lows, but earnings caused a stir. The stock had a nice 85% pop on earnings, and momentum continued the day after. There seems to be some resistance around $0.10. The stock is now pulling back today. Perhaps to retest the $0.05 zone. The breakout remains intact as long as price remains above $0.05.
Good Natured Products (GDNP.V)
Market Cap ~ $22 million
Good natured Products Inc., an earth-friendly product company, develops assortment of plant-based products in Canada and the United States. It operates through Industrial, Packaging, General Merchandise, Commercial Business Supplies, and Services segments. The company offers bakery packaging products, such as cupcakes and muffins, cookies, brownies and bars, donuts, danishes and rolls, cakes, pies and loaves, and macarons & bite-sized treats; multi-purpose packaging products, including hot and cold grab & go, compostable take-out containers, plates, hot cups and lids, soup bowls, carry out boxes, and cutleries; and fruit & veggie packaging products, such as leafy greens and microgreens, herbs, berries, and tomatoes.
The stock is down 15% on no news.
A major support zone is being tested. Bulls need to hold the price above $0.08 for the upside momentum and recent breakout to continue.
