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
Troy Minerals (TROY.CN)
Market Cap ~ $43 million
Troy Minerals Inc., a mineral exploration company, engages in the identification, acquisition, exploration, and evaluation of mineral properties. It holds an option to earn a 100% undivided interest in the Lake Owen property that consists of 91 mineral claims located in the southwest of Laramie, Wyoming; and 75% beneficial interest in the Green Gold property that consists of 12 mineral claims that covers an area of approximately 7,587 hectares located near Prince George, British Columbia. It also holds 100% interest in the Tick Tock property covering an area of approximately 1,065 hectares located within the prolific Golden Triangle region of British Columbia, Canada; and Lac Jaques property.
The stock is up 23% on news of results from the first two drill holes completed in Fall of 2023 at the Lac Jacques rare earth element (REE) property.
The stock has printed all time record highs and sold off hard on no news. Likely profit taking. It has closed below the $1.25 support zone which isn’t too bullish. Today’s news is giving a bounce, but it looks like more sellers will drive the price down.
Pharmala Biotech (MDMA.CN)
Market Cap ~ $29 million
Pharmala Biotech Holdings Inc., doing business as PharmAla, focuses on the developing, manufacturing, and commercializing of substituted methylenedioxy-phenethylamines (MDXX) active pharmaceutical ingredients. It also provides MDXX class compounds, such as 1,3-Benzodioxolyl-Nmethylbutanamine (MBDB); and 3,4-Methylenedioxy-N-ethylamphetamine (MDEA/MDE), as well as formulations of MDXX compounds.
The stock is up 21% on no news. Five days ago, the Company reported Q1 interim financial statements.
One of the better looking chart patterns I have seen in the last few days. The stock has confirmed a reverse head and shoulders pattern with a close above $0.18. The stock has now confirmed its first higher low meaning a new uptrend is in play. The next resistance comes in around $0.42.
Vext Science (VEXT.CN)
Market Cap ~ $90 million
Vext Science, Inc., through its subsidiaries, operates as an integrated agricultural technology, services, and property management company in the cannabis industry in the United States. It is involved in the cultivation, extraction, manufacture, and sale of THC and CBD cartridges, concentrates, and edibles. The company also engages in the retail dispensary activities; and wholesale distribution of cannabis THC and hemp CBD products under the Vapen, Pure Touch, and Herbal Wellness brands.
The stock is up 12% on no news.
Another stock that looks good to go. Today’s close can confirm a major breakout above $0.375. The next resistance comes in around the major psychological zone of $0.50.
Britannia Life Sciences (BLAB.CN)
Market Cap ~ $16 million
Britannia Life Sciences Inc. provides product testing, safety assessment, and compliance services primarily to the cosmetics, nutraceutical, and consumer packaged goods industries in the United Kingdom and internationally.
The stock is up 11% on no news.
A bottoming pattern is in place, and the next resistance comes in at the $0.14 zone.
Clearmind Medicine (CMND.CN)
Market Cap ~ $8.9 million
Clearmind Medicine Inc., a clinical pharmaceutical company, develops novel psychedelic medicines to treat under-served health problems in Canada and internationally. It develops treatments for alcohol use disorders, mental health disorder, binge drinking, obesity and metabolic disorder, and eating disorders, as well as depression, binge eating, psychotherapy, and other addiction and binge behaviors.
The stock is up 10% on news that it has been granted divisional patent approval by the China National Intellectual Property Administration.
The stock may have bottomed but we cannot confirm this just yet as the previous lower high at $3.00 needs to be taken out. Will today’s news be enough to cause a break? The stock will need much more volume than it has now to make a break.
Top 5 Losers
Arway Corporation (ARWY.CN)
Market Cap ~ $13 million
ARway Corporation engages in developing and operating intellectual property applications in Canada. It offers ARway, a mobile app no code Metaverse creation tool with self-generating AR mapping solutions for consumers and brands. The company also provides ARwayKit SDK; creator portal; and smart glasses operated using artificial intelligence.
The stock is down 22% on news the Company will present live at the Small-Cap Growth Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on February 7, 2024.
The stock is breaking below a major support zone at $0.63. The next support comes in around the $0.375 zone.
Sigma Lithium (SGML.V)
Market Cap ~ $1.95 billion
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil. It serves electric vehicle industries worldwide.
The stock is down 19% on no news.
The stock has been tanking after breaking below $30.00. The next support area is coming in close as you can see by looking to the left. Watch the $17.50 zone to see if buyers jump in.
American Lithium (LI.V)
Market Cap ~ $206 million
American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on the TLC Lithium Project located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.
The stock is down 15% on no news.
The stock is breaking down below $1.00. The next support comes in at $0.50. Looks like lithium stocks in general are getting hit today.
Cerrado Gold (CERT.V)
Market Cap ~ $30 million
Cerrado Gold Inc. operates as a gold mining and exploration company in South America. The company primarily explores for gold and silver deposits. It owns 100% interests in the Minera Don Nicolas project covering an area of approximately 333,400 hectares located in Santa Cruz province, Argentina; Monte Do Carmo gold project that consists of 21 exploration permits covering an area of 82,541 hectares located in Tocantins, Brazil; and Minera Mariana, including the Las Calandrias and Los Cisnes projects located in Argentina.
The stock is down 13% on no news.
The stock is making new lows. The next psychological zone comes in at $0.25.
Neotech Metals (NTMC.CN)
Market Cap ~ $29 million
Neotech Metals Corp. is a mineral exploration company dedicated to discovering and developing valuable mineral resources in promising regions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties. The Company is a mineral exploration company based in Vancouver, B.C., and owns 100% of its TREO Rare Earth Element Property, comprising 37 mineral claims, located 90 km northeast of Prince George, British Columbia. The Company also holds options on the EBB nickel-cobalt property in British Columbia, Canada and 22 mining claims comprising the Thor REE Project, an early-stage exploration property in the eastern Mojave Desert Region, approximately 119 km south of Las Vegas.
The stock is down 13% on no news.
The stock broke below $0.80 and the next major support comes in around $0.50. The stock will need to close back above $0.80 to begin to turn things around.
