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
Generation Mining (GENM.TO)
Market Cap ~ $59 million
Generation Mining Limited, a mineral exploration and development stage company, focuses on base and precious metal deposits in Canada. It explores for molybdenum, tungsten, palladium, copper, platinum, gold, and silver deposits. The company holds 100% interest in the Marathon Palladium and Copper project covering an area of 22,000 hectares located in north-western Ontario. It has an option to acquire a 100% interest in the Davidson molybdenum project located in British Columbia.
The stock is up 25% on no news.
The stock is set to close confirming a breakout above the $0.26 zone and confirming a double bottom pattern. Resistance comes in around the $0.36 zone. The stock could pullback but watch for buyers to jump in around the $0.26 support.
Chesapeake Gold (CKG.V)
Market Cap ~ $160 million
Chesapeake Gold Corp., a mineral exploration and evaluation company, focuses on acquisition, evaluation, and development of gold-silver deposits in North and Central America. Its flagship project is the Metates project that includes 12 contiguous mining concessions covering an area of totaling 4,260.7 located in Durango State, Mexico. The company also holds 100% option to purchase in the El Duraznito project comprising one concession located in n Durango, Mexico; and 68% interest in Gunpoint properties, which includes the Talapoosa project comprising 535 unpatented lode mining claims and seven additional fee land sections covering an area of 10,780 hectares located in the State of Nevada, the United States of America.
The stock is up 20% on no news.
A strong popper with momentum continuing from Friday’s breakout. The stock is now above $2.00 with resistance comes in around $2.50.
Gatekeeper Systems (GSI.V)
Market Cap ~ $54 million
Gatekeeper Systems Inc. designs, manufactures, markets, and sells video security solutions for mobile and extreme environments in Canada and the United States. The company offers interior and exterior cameras, and mobile data collectors; G4 Viewer that revolutionizes video management for fleet monitoring; AI Dash Cam, an AI-based dash cam that offers driver status monitor and advanced driver assistance systems; wireless systems, such as access points, mobile wireless modules, mobile Wi-Fi systems, and yard guards; and CLARITY, an integrated video and passenger counting school bus operating platform. It also provides Automated Lane Enforcement, a video and data analytics solution that provides automatic enforcement of transit lane violations; school bus student protector solution that automatically enforces stop-arm violations; and intelligent temperature sensing system, a health monitoring panel that measures the body temperature of individuals entering a transportation vehicle or building, as well as on-site system maintenance and repair, testing, troubleshooting, system installation, training, and warranty support services.
The stock is up 18% on news of financial results:
Highlights for First Fiscal Quarter Ended November 30, 2023
- Revenue was $9,824,743 which compares to $4,885,058 for the same prior year comparable period, representing an increase of 101%;
- Gross margin was $4,778,045 which compares to $1,546,118 for the same prior year comparable period, representing an increase of 209%. Gross margin as a percentage of revenue was 49%, compared to 32% for the same prior year comparable period;
- Total comprehensive income was $2,341,112, or $0.02 per share, which compares to total comprehensive loss of $86,014, or $(0.00) per share for the same prior year comparable period; and
- At November 30, 2023, the Company had working capital of $15,189,418, no borrowed-money debt, and approximately 92 million shares outstanding.
There is a major resistance zone around $0.65 and the stock is finding some sellers there. Earnings caused a gap up pop so the stock is bullish above $0.52.
GRIID Infrastructure (GRDI.NE)
Market Cap ~ $721 million
Griid Infrastructure Inc., a bitcoin mining company, develops low-cost and low-carbon energy mix to manage and operate vertically integrated bitcoin mining facilities in Ohio.
The stock is up 16% on news that it will begin trading on the Nasdaq under the ticker GRDI.
Not much to work with as we don’t have much price action. However, there is a gap which needs to close above $12.00, and support comes in around $9.50.
Nuran Wireless (NUR.CN)
Market Cap ~ $4.5 million
Nuran Wireless Inc., together with its subsidiaries, engages in the research, development, manufacture, marketing, and operation of digital electronic circuits and wireless telecommunication products in Canada, the United States, Europe, Africa, and internationally. The company’s products include GSM LiteCell, a GSM base station for rural and roadside coverages, low density villages, remote sites, developing countries/emerging markets, and private networks; OC-2G, a carrier-grade GSM base station; Litecell-xG, a 2G, 3G, and 4G multi-standard base station; Nexus Core Network, a 2G, 3G, and 4G soft core network for small to medium-sized operations, including regional and rural mobile, as well as enterprise private networks; and network as a service.
The stock is up 15% on no news.
A reversal in the works? The stock has been in a long downtrend, even printing new all time record lows. A range has formed with today’s price action showing a break above the range above $0.10. Bulls should watch for a confirmed daily close above $0.12 since this is the lower high the stock is working with.
Top 5 Losers
Razor Energy (RZE.V)
Market Cap ~ $6.7 million
Razor Energy Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in western Canada. The Company produces primarily light oil, natural gas, and natural gas liquids in Alberta. It operates assets in the Swan Hills area covering 155,520 gross acres of total land and the Kaybob area covering 84,320 gross acres of total land located in the west central Alberta, as well as the District South area covering 79,093 gross acres of total land located in the southern Alberta.
The stock is down 62.7% on no news.
A major drop after making some progress in a new uptrend with higher highs and higher lows. Resistance came in at $0.55 and this is where the stock sold off hard.
E-Power Resources (EPR.CN)
Market Cap ~ $2.7 million
E-Power Resources Inc engages in exploration for mineral resources in Quebec, Canada. Its flagship property is the Tetepisca graphite property comprising 230 mineral claims covering 12,620 hectares located in the Abitibi region of western Québec; and Turgeon graphite project, that consists of 331 claims covering 18,366 hectares located in the Abitibi region of western Québec.
The stock is down 17% on no news.
The stock is breaking below the $0.13 support level. Support comes in around $0.08.
Sokoman Minerals (SIC.V)
Market Cap ~ $14.3 million
Sokoman Minerals Corp., an exploration-stage company, explores for mineral properties in Canada. The company explores for gold and iron deposits. Its flagship project includes Moosehead gold project that consists of 98 claims covering an area of 2,450 hectares located in north-central Newfoundland, Canada.
The stock is down 16% on news it received final regulatory approval and has closed both its flow-through and non-flow-through private placement financings issuing 53,892,847 flow-through units and 3,200,000 non-flow-through units at CAD$0.065 each for aggregate gross proceeds of CAD$3,711,035.
The stock is breaking below the major support level at $0.05. If buyers can turn things around by the end of the day, then bulls will have held support. But a breakdown takes us lower.
Bluestone Resources (BSR.V)
Market Cap ~ $62 million
Bluestone Resources Inc. engages in the exploration and development of precious metals. Its flagship asset is the Cerro Blanco gold project located in Southern Guatemala in the department of Jutiapa.
The stock is down 14% on no news.
The stock gapped up on the 18th on news of the approval of environmental permit amendment for the Cerro Blanco Project. Profits have been taken and there is a major support coming in around the $0.36 zone. A major gap down to $0.25 should provide strong support.
Defiance Silver (DEF.V)
Market Cap ~ $24 million
Defiance Silver Corp., an exploration stage company, acquires, explores, evaluates, and develops mineral properties primarily in Mexico. It primarily explores for gold, copper, and silver deposits.
The stock is down 12% on no news.
The stock is in a flag pattern and support comes in at $0.10. The stock did test this zone today and saw a nice strong bid. A close above $0.12 will get things above the flag and confirm a breakout.
