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
Think Research Corporation (THNK.V)
Market Cap ~ $24 million
Think Research Corporation provides knowledge-based digital health software solutions in Canada, the United States, and internationally. The company’s products portfolio comprises order sets that structures clinical pathway at the point of care; eReferrals that allows physicians to find and refer specialists directly from EMR systems; Digital Front Door, a patient engagement platform that enables healthcare organizations to provide access to care and health information through a single digital service window; VirtualCare, which allows clinicians and allied health professionals to replace in-person appointments with virtual visits; and eForms, a real-time analytics to track resident volumes, signature adherence, and compliance; and COVID-19 clinical tools, as well as clinical support tools for long-term care.
The stock is up 87% on news that the Company will be acquired by Beedie Capital at $0.32 per common share.
The stock is testing the $0.32 zone which represents a 100% premium to the closing price of shares of February 15th 2024. We know that shareholders will receive $0.32 per common share hence this is the resistance until acquisition.
Pulse Oil (PUL.V)
Market Cap ~ $28 million
Pulse Oil Corp. engages in the exploration and production of oil and natural gas projects in Alberta. It owns 100% interests in the Bigoray assets covering approximately 3,909 net acres of land in the Bigoray area of Alberta; and the Queenstown assets covering approximately 4,781 net acres of land in the Queenstown area of Alberta.
The stock is up 28% on news of operational results and the imminent start of drilling.
The stock is in a range and is waiting for the $0.045 resistance to break. A close above would lead to a move to the $0.08 zone.
Gold Flora (GRAM.NEO)
Market Cap ~ $175 million
Gold Flora Corporation engages in the cultivation, manufacturing, extraction, distribution, and retailing of cannabis products in California. It offers disposable vape pens and gold flora flowers.
The stock is up 19% on no news.
The uptrend continues and the higher low is set to be confirmed at $0.40 with a daily close like this. The next resistance zone comes close to all time highs at $0.80.
FLYHT Aerospace (FLY.V)
Market Cap ~ $23 million
FLYHT Aerospace Solutions Ltd. provides real-time communications with aircrafts for the aerospace industry. It offers AFIRS, an automated flight information reporting system that is an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight; TAMDAR, a tropospheric airborne meteorological data reporting system that deliver airborne weather and humidity data in real-time; FLYHT-WVSS-II, a mounted aircraft sensor that detects and reports water vapour; AFIRS Edge, provides AID functions to supply aircraft’s data to the flight deck for EFB applications; FleetWatch, offers configurable fleet situational awareness platform; FuelSense, provides insight to an airline’s management and usage of fuel; and ClearPort, a clear view into the status of an aircraft.
The stock is up 26% on news that Transport Canada has issued FLYHT a Supplemental Type Certificate for the flange version of the AFIRS EdgeTM, the Company’s 5G wireless data communication device, for Airbus A320 aircraft.
The stock is ranging around the important $0.50 zone. A close above the $0.56 zone would get this one to turn around and make a move to the $0.72-$0.76 zone.
Benton Resources (BEX.V)
Market Cap ~ $32 million
Benton Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It explores for gold, silver, nickel, copper, platinum group elements, lithium, and cesium assets.
The stock is up 19% on no news.
The stock is ranging in a pattern between $0.15 and $0.22. Investors and traders are just waiting for a close to confirm the next leg.
Top 5 Losers
Tokens.Com (COIN.NEO)
Market Cap ~ $13 million
Tokens.com Corp. provides blockchain verification services through proof-of-stake technology. The company’s technology secures blockchain networks through proof-of-stake technology to support the growth of decentralized finance applications. It also provides web3 technology services for metaverses, non-fungible tokens, and ecomm3, as well as consulting services; and builds web3 games.
The stock is down 11% on no news.
The stock is ranging at a major support level. A close above $0.14 would see a turn around in the stock.
DFR Gold (DFR.V)
Market Cap ~ $8.2 million
DFR Gold Inc. engages in the exploration and evaluation of mineral properties in West Africa, Madagascar, Namibia, and worldwide. It holds 80% interest in the Cascades gold project in Burkina Faso; Kalaka gold project located in southeast of Bamako in South Mali; 100% interest in the Beravina zircon deposit located in Madagascar; Gurara JV located in Nigeria; and other gold projects in West Africa in Mali and Nigeria.
The stock is down 35% on no news.
The stock has dropped to a major support level. A close below $0.04 sets a move to test previous record lows around the $0.025 zone.
Pegmatite One Lithium (PGA.CN)
Market Cap ~ $883,000
Pegmatite One Lithium and Gold Corp. engages in the acquisition, exploration, and development of mineral properties in British Columbia. The company primarily explores for lithium and gold deposits. It holds a 100% interest in the Frazer Lake-Mound property that comprising 279 unpatented single cell mining claims located in Ontario, Canada. The company also holds a 75% interest in the Georgina property located in British Columbia.
The stock is down 16% on no news.
Could be one for bottom pickers. The stock is testing previous record lows. Buyers are stepping in as can be seen with the wick being formed currently. Watch for a range to indicate exhaustion of selling pressure. A close above $0.04 takes us back above the current lower high.
Defiance Silver (DEF.V)
Market Cap ~ $22.9 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 9% on no news.
The stock is in a channel and you can see it without drawing the trendlines. A close above $0.13 is what will turn things around for the stock.
American Eagle Gold (AE.V)
Market Cap ~ $56 million
American Eagle Gold Corp. engages in the acquisition and exploration of gold and copper deposits in North America. Its flagship is the NAK copper-gold property located in British Columbia.
The stock is down 7% on no news.
The stock is clearly in an uptrend with higher lows and higher highs. Today’s move is still a pullback in the uptrend. There is some support at $0.50 but the major higher low comes in at $0.45.
