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April 18, 2024

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Top 5 stock gainers and losers: NILI.V, AMQ.CN, GRAT.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 Gainers

SouthGobi Resources (SGQ.V)

Market Cap ~ $280 million

SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia, Hong Kong, and China. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia. The company also holds interest in Zag Suuj and Soumber Projects. In addition, it engages in the logistics and trading of coal in Mongolia and China.

The stock is up 32% on no news.

TSXV_DLY:SGQ Chart Image by Uncharted-FX

The stock has been on a major run and today’s price action has caused a stir with a gap up and pop. The uptrend remains intact with higher lows and higher highs. The next major resistance zone comes in at $1.00.

 

Gratomic (GRAT.V)

Market Cap ~ $30 million

Gratomic Inc., a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Namibia, Brazil, and Canada. It explores for base and rare metals, industrial minerals, and precious metals. The company holds a 100% interest in the Aukam graphite project located in the district of Bethanie; and a 100% interest in the Buckingham graphite property that includes eight claim blocks covering an area of approximately 480 hectares located in the Quebec, Canada. It also holds Capim Grosso Property, which comprises an area of 426.03 hectares located in Capim Grosso, Brazil; and a 100% interest in the Jacobina & Igrapiuna Graphite project, which comprises an area of 2,782.09 hectares located in the State of Bahia, Brazil.

The stock is up 26% on no news.

TSXV_DLY:GRAT Chart Image by Uncharted-FX

Reversal pattern watch. It looks like a double bottom is forming and the trigger is a close above $0.165. Watch for a daily close above this price level for the start of a new uptrend.

 

Abitibi Metals (AMQ.CN)

Market Cap ~ $36 million

Abitibi Metals Corp. engages in the acquisition, exploration, and development of base and precious metal properties in Canada. The company primarily explores for gold deposits. Its flagship project is the 100% owned Beschefer project located in Quebec.

The stock is up 15% on news of an update on its drill program currently underway at the B26 Polymetallic Deposit.

CSE:AMQ Chart Image by Uncharted-FX

The stock is still in its uptrend and appears that it is ready to test the current recent highs around $0.65. Support comes in at the $0.50 psychological zone.

 

Surge Battery Metals (NILI.V)

Market Cap ~ $84 million

Surge Battery Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium and nickel. The company’s flagship property is the 100% owned Nevada North lithium project consisting of 243 mineral claims located in Elko County, Nevada.

The stock is up 13% on news of its highest grade lithium clay resource in its maiden mineral resource estimate. 

TSXV_DLY:NILI Chart Image by Uncharted-FX

The stock is gapping up above $0.50. A major psychological level, resistance zone and current lower high. A new uptrend could be in the works.

 

KDA Group (KDA.V)

Market Cap ~ $55 million

KDA Group Inc., together with its subsidiaries, provides solutions and services to pharmacies and pharmaceutical companies in Canada. The company operates through three segments: Pharmacy Services, Pharmaceutical Solutions, and Technology. It provides pharmacy staff replacement services, professional and continued medical training services, pharmacy re-engineering services, and pharmaceutical training services. The company also offers PREDICTIVE e-Prescriber software for assisting doctors; and KRx, a cloud-based solution that analyzes each user’s prescription pattern and displays the appropriate expected medication.

The stock is up 14% on news of the appointment of a General Manager and Chief Technology Operating Officer and a debt settlement.

TSXV_DLY:KDA Chart Image by Uncharted-FX

A breakout here and the stock continues its uptrend. The next major resistance comes in around the $0.40 zone.

 

Top 5 Losers

Draganfly (DPRO.CN)

Market Cap ~ $12 million

Draganfly Inc. manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quadcopters, fixed wing aircrafts, ground based robots, and handheld controllers, as well as software used for tracking, live streaming, flight training, and data collection. The company also offers custom engineering, training, consulting, spraying, flight, and geographic information systems data services. It serves public safety, agriculture, industrial inspections, security, and mapping and surveying markets.

The stock is down 52% on news of a US$3.6 million underwritten public offering. Each unit was sold at a public offering price of US$0.27.

CSE:DPRO Chart Image by Uncharted-FX

New all time record lows for the stock with a major gap down on the offering of US $0.27 per share. The stock is below the major $0.50 zone now and bulls would want to see this zone be regained.

 

Pacific Ridge Exploration (PEX.V)

Market Cap ~ $10 million

Pacific Ridge Exploration Ltd., an exploration stage company, acquires and explores for resource properties in Canada and the United States. The company primarily explores for gold and copper. Its flagship project is the Kliyul copper-gold project covering an area of approximately 6,000 hectares located in the northern Quesnel terrane, British Columbia.

The stock is down 20% on news of a financing of up to 9,400,000 units at a price of $0.08 per Unit and 6,300,000 flow-through units at a price of $0.095 per FT Unit in a non-brokered private placement for gross proceeds of up to $1,350,500. 

TSXV_DLY:PEX Chart Image by Uncharted-FX

The stock is breaking below major support. The next support comes in at $0.05. Watch for a range there to indicate the exhaustion of selling pressure.

Cascades Inc (CAS.TO)

Market Cap ~ $1.22 billion

Cascades Inc. produces, converts, and sells packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions comprising trays and accessories, produce baskets and boxes, clamshells, produce boxes, egg packaging solutions, pizza and insulated boxes, bulk bins, cup carriers, food grade films, and customized containers for the food sector; protective packaging, including die-cut boxes, handling and shipping solutions, protective materials, large format boxes, and shipping trays; e-commerce packaging solutions, which include e-commerce boxes, custom mailer boxes, custom printing, packaging optimization products, and cutter for multi-depth boxes, as well as the solution for faster packing and shipping tests; and various retail packaging products.

The stock is down 18% on Q4 and full year 2023 results.

TSX_DLY:CAS Chart Image by Uncharted-FX

It looks like a double top pattern has triggered with a close below $14.00. The stock is breaking down but there seems to be support here around the $12.00 zone.

 

Cerrado Gold (CERT.V)

Market Cap ~ $22 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 15% on no news.

TSXV_DLY:CERT Chart Image by Uncharted-FX

The downtrend continues with the stock printing new all time record lows. The lower high comes in at $0.30. The stock needs to close back above this level to nullify the current downtrend.

 

Condor Energies (CDR.TO)

Market Cap ~ $128 million

Condor Energies Inc., an oil and gas company, engages in the exploration, development, and production of oil and gas properties in Turkey and Kazakhstan. It owns 100% interests in the Poyraz Ridge and Destan operating licenses located in the Gallipoli Peninsula in western Turkey.

The stock is down 18% on no news.

TSX_DLY:CDR Chart Image by Uncharted-FX

Just a corrective move after the stock broke out above the $1.80 zone. Profits are likely being taken. The uptrend remains intact as long as price remains above $1.80.

 

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