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April 25, 2024

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Top 5 stock gainers and losers: DEF.V, VG.V, KALO.V

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 Stocks

Kalo Gold (KALO.V)

Market Cap ~ $3.8 million

Kalo Gold Corp. engages in the exploration of minerals. Its flagship project is the 100% owned Vatu Aurum Gold Project located in Fiji’s North Island, Vanua Levu.

The stock is up 50% on news the Company has identified the potential for increased gold values within 300m of surface at the Vatu Aurum Gold Project.

TSXV_DLY:KALO Chart Image by Uncharted-FX

The stock is within a range here and today’s pop did break above resistance at $0.035. For a confirmed breakout, we would require a daily candle close above this price resistance.

 

Defiance Silver (DEF.V)

Market Cap ~ $26 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 up 35% on news a Mexican Court has confirmed Defiance ownership of the Tepal Project.

TSXV_DLY:DEF Chart Image by Uncharted-FX

The stock is gapping up just after it previously broke below a major support zone. The lower high comes in at $0.13 which is where the stock is seeing some resistance. $0.09 is the support zone the stock is working with.

 

Canadian Premium Sand (CPS.V)

Market Cap ~ $31 million

Canadian Premium Sand Inc., an exploration stage company, explores for and develops silica sand deposits in Canada. It intends to manufacture patterned solar glass at a facility to be constructed in Selkirk, Manitoba.

The stock is up 31% on news of the acknowledgement of support for its project from the Province of Manitoba. 

TSXV_DLY:CPS Chart Image by Uncharted-FX

Another stock with a major gap up a day after the stock broke below support. The bearish trend could be shifting. I would watch to see if the stock can confirm a daily close above the $0.40 zone.

 

Medicenna Therapeutics (MDNA.TO)

Market Cap ~ $78 million

Medicenna Therapeutics Corp., an immunotherapy company, engages in the development and commercialization of Superkines and empowered Superkines for the treatment of cancer and other diseases. It develops MDNA55, an interleukin- 4 (IL-4) EC for the treatment of recurrent glioblastoma, as well as for brain tumors. The company also develops MDNA11, an enhanced version of IL-2 to activate and proliferate the immune cells needed to fight cancer; MDNA209, an IL-2 antagonist for autoimmune diseases, such as multiple sclerosis and graft versus host disease; MDNA413, a dual IL-4/IL-13 antagonist to treat cancer immunotherapies; and MDNA132, an IL-13 Superkine for solid tumors.

The stock is up 30% on no news. Yesterday, the Company announced Q3 fiscal 2024 financial results.

TSX_DLY:MDNA Chart Image by Uncharted-FX

Major breakout momentum. The stock is riding the breakout from the $0.60 zone. It is taking out the major psychological $1.00 zone. Watch for a daily close above $1.00 for continued momentum, although with this sort of move, one should expect some profit taking.

 

Volcanic Gold Mines (VG.V)

Market Cap ~ $13 million

Volcanic Gold Mines Inc. engages in the acquisition and exploration of resource properties. The company explores for gold and silver deposits. It holds an option to earn a 60% interest in Holly and Banderas gold-silver properties located in Guatemala.

The stock is up 30% on news the Company is commencing drilling at the Mila Gold Discovery in Guatemala.

TSXV_DLY:VG Chart Image by Uncharted-FX

A gap up breakout occurring with a triangle pattern break. $0.26 is support in case the stock pulls back. A close above $0.30 gets the stock going further.

 

Top 5 Losers

Showcase Minerals (SHOW.CN)

Market Cap ~ $22 million

Showcase Minerals Inc. engages in the identification, acquisition, exploration, and development of mineral projects. The company primarily explores for gold and vanadium deposits. It owns interests in the Dixie Flats which consist of 180 unpatented lode claims covering approximately 1311 hectares; the North Star which consist of 56 unpatented lode claims covering 360 hectares; and Woodruff claims which consist of 18 unpatented lode claims covering approximately 147 hectares located in Elko County, Nevada.

The stock is down 14% on no news.

CSE:SHOW Chart Image by Uncharted-FX

The stock is volatile but yesterday’s major daily candle did not close below the $1.75 support zone. Buyers are stepping in and defending this zone. This remains major support.

 

Bluestone Resources (BSR.V)

Market Cap ~ $50 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 13% on no news.

TSXV_DLY:BSR Chart Image by Uncharted-FX

The gap is being tested. This is important if the stock wants to maintain its bullish momentum. A close in the gap takes us below the lows of the major pop green candle. But it also could set us up for a filling of the gap. This would be very bearish.

 

SolGold (SOLG.TO)

Market Cap ~ $330 million

SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, Chile, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Cascabel Project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.

The stock is down 12% on news of interim financial results for the half year ended 31 December 2023. 

TSX_DLY:SOLG Chart Image by Uncharted-FX

A gap down and new all time record lows for the stock. A close back above $0.12 would be a starting point to turn things around.

 

MTY Food Group (MTY.TO)

Market Cap ~ $1.26 billion

MTY Food Group Inc. operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners.

The stock is down 11% on news of Q4 and fiscal 2023 results.

TSX_DLY:MTY Chart Image by Uncharted-FX

A major drop and the next major zone for support comes in around the $50 zone.

 

Burcon Nutrascience (BU.TO)

Market Cap ~ $24 million

Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. The company offers Peazazz and Peazac, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products. It provides Puratein, a canola protein isolate for use in meat alternatives, such as burgers, sausages, and nutrition bars; Supertein, a canola protein that is a light-colored powder for use in non-dairy frozen desserts, egg alternative, plant-based marshmallows and ready-to-mix beverages, whipped toppings, and plant-based bars; and Nutratein, a canola protein comprising a mixture of globulin and albumin proteins for use in meat and egg alternatives, and other plant-based functional foods.

The stock is down 11% on no news. Yesterday, the Company announced Q3 fiscal 2024 results.

TSX_DLY:BU Chart Image by Uncharted-FX

The stock has attempted to break above $0.25 to retest recent highs. No luck. Major support comes in at $0.18. A close below would nullify a lot of the bullish momentum.

 

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