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May 26, 2024

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Top 5 stock gainers and losers: LIO.V, SPRQ.V, MDP.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

Sparq Systems (SPRQ.V)

Market Cap ~ $33 million

SPARQ Systems Inc. designs, manufactures, and sells single-phase microinverters for residential and commercial solar electric applications. The company offers Quad inverters, a proprietary photovoltaic solution.

The stock is up 280% on news of the signing of a manufacturing and supply agreement with Jio Things Limited, a leading technology player in India and a subsidiary of Jio Platforms Limited India’s largest digital services player, dated February 7, 2024, whereby the parties will collaborate to develop, manufacture and distribute microinverters in India, and incorporate Sparq’s microinverters into Jio Things’ solutions globally.

TSXV_DLY:SPRQ Chart Image by Uncharted-FX

Big news and a big pop but note the stock does not see regular volume. This means the stock can be volatile as we see today, but also it may be tough to exit your position.

 

NurExone Biologic (NRX.V)

Market Cap ~ $36 million

NurExone Biologic Inc., a pharmaceutical technology company. It engages in the development of an off-the-shelf, non-invasive, and novel treatment for the reversal or reduction of paralysis following spinal cord injury using membrane-bound extracellular vesicles technology, as well as to treat brain trauma injury, and other brain and neurological indications.

The stock is up 51% on no news.

TSXV_DLY:NRX Chart Image by Uncharted-FX

The stock confirmed a breakout close yesterday, and today is seeing momentum continue. The power of technicals. Resistance comes in around $0.80. The stock can continue its uptrend as long as it remains above $0.32.

 

Crest Resources (CRES.CN)

Market Cap ~ $3.1 million

Crest Resources Inc. engages in the acquisition, exploration, and evaluation of mineral property assets in Canada, Australia, and Peru. It holds interests in the Split Dome Copper property located near Hazelton, British Columbia; the To Do and Lions Den Gold properties, the Belle property, and the More Creek property located in the northwestern British Columbia; the Untapped property, the Lone Mountain property, and the Williams property in the British Columbia; the JD property located in the Omineca Mining Division in northern British Columbia; and the Bently property located in the Toodoggone district in north central British Columbia.

The stock is up 35% on no news.

CSE:CRES Chart Image by Uncharted-FX

The stock could be beginning a new uptrend with a confirmed higher low. Resistance at $0.115 is being taken out. A confirmed close would be bullish.

 

Edge Total Intelligence (CTRL.V)

Market Cap ~ $43 million

Edge Total Intelligence Inc. engages in the development, marketing, and sale of network management software in the United States and internationally. Its edgeCore, a real-time digital operations software that unites multiple software applicates and data sources into one immersive experience. The company’s platform provides results in the operational areas of technology operations and automation, enterprise performance and compliance, digital transformation, enterprise businesses, and intelligent automation.

The stock is up 14% on news of a one-year subscription renewal of edgeCore platform by Idaho Environmental Coalition, LLC.

TSXV_DLY:CTRL Chart Image by Uncharted-FX

The stock is forming a new uptrend. Today’s confirmed close over $0.75 would confirm a second higher low in this uptrend pretty much cementing a new trend. Resistance comes in at $1.00.

 

FE Battery Metals (FE.CN)

Market Cap ~ $15 million

FE Battery Metals Corp., a junior resource company, engages in the exploration and development of mineral properties in Canada. It explores for silver, gold, cobalt, tungsten, zinc, lithium, and molybdenum deposits. The company’s flagship property is the 100% owned Augustus Lithium property consisting of 21 mineral claims covering an area of approximately 900 hectares located in the Abitibi area of Western Quebec.

The stock is up 17% on no news.

CSE:FE Chart Image by Uncharted-FX

Do we have a cup and handle forming? Buyers are stepping in at $0.25. A close above $0.375 gets the pattern triggered.

 

Top 5 Losers

Medexus Pharmaceuticals (MDP.TO)

Market Cap ~ $39 million

Medexus Pharmaceuticals Inc. operates as a specialty pharmaceutical company in Canada and the United States. The company focuses on the therapeutic areas comprising oncology, hematology, rheumatology, auto-immune diseases, allergy, and dermatology. Its primary products are IXINITY, an intravenous recombinant factor IX therapeutic for use in patients 12 years of age or older with hemophilia B; Rasuvo and Metoject, a formulation of methotrexate designed to treat rheumatoid arthritis and other auto-immune diseases; Rupall, a prescription allergy medication; and Gleolan, an optical imaging agent indicated in patients with glioma as an adjunct for the visualization of malignant tissue during surgery.

The stock is down 29% on fiscal Q3 2024 results.

TSX_DLY:MDP Chart Image by Uncharted-FX

A major gap down on earnings. The market expected better results. The stock is finding support at the $1.70 zone. If sellers push the price below this level, it would nullify the uptrend breakout zone.

 

Stem Holdings (STEM.CN)

Market Cap ~ $898,000

Stem Holdings, Inc. operates as a vertically-integrated cannabis products and technology company. It engages in the production, distribution, and sale of cannabis and cannabis-infused products. The company’s brands include TJ’s Gardens, TravisxJames, and Yerba Buena flower and extracts. As of September 30, 2022, it had ownership interests in 23 state issued cannabis licenses, including 9 licenses for cannabis cultivation; 3 licenses for cannabis processing; 2 licenses for cannabis wholesale distribution; 3 licenses for hemp production; and 6 cannabis dispensary licenses.

The stock is down 33% on no news.

CSE:STEM Chart Image by Uncharted-FX

Not much to say on this one. Not much volume and the stock needs to take out $1.00 to turn things around.

 

Nevada Copper (NCU.TO)

Market Cap ~ $101 million

Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, iron magnetite, gold, and silver ores. It holds 100% interests in the Pumpkin Hollow property that consist of approximately 24,300 acres of contiguous mineral rights located in northwestern Nevada, the United States.

The stock is down 28% on news of an update on restart activities at its Pumpkin Hollow underground mine.

TSX_DLY:NCU Chart Image by Uncharted-FX

The stock is getting smashed. The downtrend has continued, the stock began making record low after record low, and now it is tanking. Bottom players need to watch for a range to develop to confirm signs of selling exhaustion.

 

Lightspeed Commerce (LSPD.TO)

Market Cap ~ $3.15 billion

Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc. The company’s cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers’ efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, order-ahead and curbside pickup functionality, loyalty, and customer management solutions.

The stock is down 22% on news of Q3 2024 results.

TSX_DLY:LSPD Chart Image by Uncharted-FX

The stock is breaking below its major higher low. The uptrend looks likely to be over. A close back above $24 is required to turn things around.

 

Lion One Metals (LIO.V)

Market Cap ~ $120 million

Lion One Metals Limited engages in the acquisition, exploration, and evaluation of mineral resources in Fiji. The company’s principal property is the 100% owned Tuvatu Gold project, which comprise four special prospecting licenses covering an area of approximately 13,613 hectares located on the island of Viti Levu in Fiji.

The stock is down 20% on news of an overnight marketed offering. 

TSXV_DLY:LIO Chart Image by Uncharted-FX

A major breakdown. The stock has gapped down hard and the next support comes in at the $0.50 zone.

 

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