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May 16, 2024

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Top 5 stock gainers and losers: BLOX.CN, OMGA.CN, TGGL.CN

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

Omega Pacific Resources (OMGA.CN)

Market Cap ~ $12 million

Omega Pacific Resources Inc., a mineral exploration company, focuses on the exploration and development of mineral projects. It primarily intends to develop battery, base, and precious metal deposits. The company has an option agreement to explore the Lekcin property with five contiguous registered mineral tenures totaling approximately 2,436 hectares located in Southern British Columbia.

The stock is up 200% on news the Company has signed an option agreement to acquire a high potential copper-gold project from Copaur Minerals.

CSE:OMGA Chart Image by Uncharted-FX

Not much to say on the chart since we do not have much price action. New all time record highs are being printed. We can work with psychological numbers so $0.50 as support and $0.75 and $1.00 as resistance.

 

Cryptoblox Technologies (BLOX.CN)

Market Cap ~ $30 million

Cryptoblox Technologies Inc. focuses on developing and implementing blockchain products and services for use in financial services, battery technology and electric vehicle, phone and computer applications, and cryptocurrency sectors. It provides services for application programming interface with regards to operator look-up, customer look-up, IP information, and customer friendly user experience.

The stock is up 75% on no news.

CSE:BLOX Chart Image by Uncharted-FX

The new uptrend remains intact with multiple higher lows and higher highs. The major support zone comes in around the $0.30 zone if the stock retreats due to profit taking.

 

Toggle3D.ai (TGGL.CN)

Market Cap ~ $10 million

Toggle3D.ai Inc. provides generative AI CAD-3D design studio software. The company offers SaaS solution that utilizes generative AI to convert CAD files, apply 4K texturing, and enable publishing of 4K 3D models. It serves designers, artists, marketers, and eCommerce owners.

The stock is up 55% on no news.

CSE:TGGL Chart Image by Uncharted-FX

The stock is reversing after a breakout above a range. The next major resistance comes in at the psychological $0.50 zone.

 

SRQ Resources (SRQ.V)

Market Cap ~ $4.8 million

SRQ Resources Inc. engages in the base metal exploration and development business in Canada. The company explores for nickel, copper, and the platinum group elements. It owns 525 exploration claims located in Quebec.

The stock is up 41% on no news.

TSXV_DLY:SRQ Chart Image by Uncharted-FX

The stock is about to test a key technical level after bouncing from all time record lows. Watch for a close above this trendline to confirm a trend shift.

 

Sassy Gold (SASY.CN)

Market Cap ~ $4.6 million

Sassy Gold Corp., an exploration stage company, identifies, acquires, and explores for precious metal resources in Canada. It explores for gold and uranium deposits. The company holds 100% interests in the Foremore property covering an area of 14,585 hectares located in the Eskay Creek District of British Columbia; and the Gander properties located in Newfoundland. It also holds an option agreement to acquire 100% interest in the Highrock Uranium property located in Saskatchewan.

The stock is up 50% on news it will be acquiring advanced uranium properties in Utah and Colorado.

CSE:SASY Chart Image by Uncharted-FX

The stock is showing signs of a reversal. Watch for a close above the $0.065 resistance zone for a breakout trigger.

 

Top 5 Losers

Draganfly (DPRO.CN)

Market Cap ~ $11 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 17% on no news.

CSE:DPRO Chart Image by Uncharted-FX

The stock is ranging near all time record lows. There is still a large gap that needs to be filled before we can say a reversal is in play. So watch for a close back above $0.50.

 

Martinrea International (MRE.TO)

Market Cap ~ $920 million

Martinrea International Inc. designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.

The stock is down 16% on news of reporting record annual sales, free cash flow, and an announced dividend.

TSX_DLY:MRE Chart Image by Uncharted-FX

A major support area here is about to be tested. A close below the $11.25 zone continues the breakdown. However, if the range holds, watch for a few days of consolidation.

 

Mountain Valley MD Holdings (MVMD.CN)

Market Cap ~ $13.2 million

Mountain Valley MD Holdings Inc., through its subsidiary, Mountain Valley MD Inc., operates as a health and wellness company. It engages in the implementation and licensing of its technologies and formulations to deliver molecules for human and husbandry animal applications, including the development of products for pain management, weight loss, energy, focus, sleep, anxiety, and others.

The stock is down 12% on news of a business update and the appointment of a new CFO.

CSE:MVMD Chart Image by Uncharted-FX

The stock is moving up and down within a range. The resistance comes in at $0.04 and support at $0.025.

 

Guanajuato Silver (GSVR.CN)

Market Cap ~ $53 million

Guanajuato Silver Company Ltd. engages in acquiring, reactivating, mining, and producing precious metals in central Mexico. It produces silver and gold concentrates from the El Cubo Mine, Valenciana Mines Complex, and the San Ignacio mine located in the state of Guanajuato; and silver, gold, lead, and zinc concentrates from the Topia mine located in northwestern Durango.

The stock is down 11% on no news. Yesterday the Company announced an increased size of a gold loan credit facility to US $13.3 million.

TSXV_DLY:GSVR Chart Image by Uncharted-FX

The stock is continuing its downtrend and is breaking below recent support. The next major support comes in at $0.12.

 

Pampa Metals (PM.CN)

Market Cap ~ $13 million

Pampa Metals Corporation, a mineral exploration company, engages in the acquisition and exploration of base and precious metals projects in Chile. It owns an area of 47,400-hectare portfolio of seven projects for copper, molybdenum, and gold deposits located in Chile.

The stock is down 11% on no news.

CSE:PM Chart Image by Uncharted-FX

The stock is continuing its uptrend with multiple higher lows and higher highs. This pullback right now can be seen as corrective in nature.

 

 

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