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:

 

Mind Medicine (MMED.NEO)

Market Cap ~ $530 million

Mind Medicine (MindMed) Inc., a clinical stage biopharmaceutical company, develops novel products to treat brain health disorders. The company’s lead product candidates include MM-120, which is in phase 2 for the treatment of generalized anxiety disorder and attention deficit hyperactivity disorder; and MM-402, a R-enantiomer of 3,4-methylenedioxymethamphetamine for the treatment of core symptoms of autism spectrum disorder.

The stock is up 56% on news that FDA has granted breakthrough designation to its MM120 (lysergide d-tartrate) program for the treatment of generalized anxiety disorder (GAD).

The stock is on a tear. A major resistance zone was broken back around $7.00. The stock is moving on news and resistance does come in at $15, where we are seeing profits being taken.

 

Braille Energy Systems (BES.V)

Market Cap ~ $13 million

Braille Energy Systems Inc. engages in the battery-manufacturing and energy storage business in Canada and internationally. The company offers automotive lithium-ion starting batteries, as well as distributes a full multi-level line of batteries and accessories. It designs, manufactures, and sells integrated back-up power systems for residential and industrial applications; stand-alone energy storage systems; complete residential home systems; and lithium battery modules under the ELECTRAFY name.

The stock is up 45% on news it has entered the initial production phase for its Electrafy Home Back-up Power System.

A major range breakout back at $0.05 was the reversal trigger. We even saw a successful retest on the pullback. Now the stock is ripping and taking out more resistance with the news. $0.22 is the next major resistance zone.

 

VIQ Solutions (VQS.TO)

Market Cap ~ $11 million

VIQ Solutions Inc. operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates through two segments, Technology and Related Revenue, and Technology Services. The Technology and Related Revenue segment develops, distributes, and licenses computer-based digital solutions based on its technology.

The stock is up 25% on no news.

The stock is breaking out above the $0.25 zone. We appear to have a rising double bottom pattern. This is a bottoming pattern and a new trend could be starting.

 

Baylin Technologies (BYL.TO)

Market Cap ~ $24 million

Baylin Technologies Inc., together with its subsidiaries, researches, designs, develops, manufactures, and sells passive and active radio frequency (RF) products, satellite communications products, and supporting services. It offers embedded antennas for use in smartphones, tablets, and other mobile devices; device-specific antennas for Wi-Fi routers; gateway devices for smart home connectivity, set-top boxes, and land mobile radio products.

The stock is up 25% on news that its Galtronics Embedded Antenna business line has won a multi-year, multi-million dollar antenna design and build award for a Wi-Fi 7 Gateway and wireless range extenders from a Tier 1 US Internet service and fibre provider.

The stock attempted to breakthrough the $0.30 zone. If it does, we would have a cup and handle pattern indicating a new trend.

 

Pharmala Biotech Holdings (MDMA.CN)

Market Cap ~ $16 million

Pharmala Biotech Holdings Inc., doing business as PharmAla, focuses on the developing, manufacturing, and commercializing of substituted methylenedioxy-phenethylamines (MDXX) active pharmaceutical ingredients. It also provides MDXX class compounds, such as 1,3-Benzodioxolyl-Nmethylbutanamine (MBDB); and 3,4-Methylenedioxy-N-ethylamphetamine (MDEA/MDE), as well as formulations of MDXX compounds.

The stock is up 18% on no news.

One that looks interesting from a technical analysis perspective. The stock is retesting a major support and neckline of the inverse head and shoulders pattern. One would expect buyers to enter in this zone.

 

Top 5 Losers

Aero Energy (AERO.V)

Market Cap ~ $6.4 million

Aero Energy Limited, a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for uranium deposits. Its flagship optioned properties include the Sun Dog, Strike, and Murmac, as well as fully owned properties located in Athabasca Basin.

The stock is down 19% on no news. Yesterday, the Company announced a private placement.

The stock attempted a breakout continuation but could not close above $0.24. The stock is still in a reversal breakout as long as it stays above $0.145.

 

C3 Metals (CCCM.V)

Market Cap ~ $26 million

C3 Metals Inc., a junior minerals exploration company, engages in the identification, acquisition, exploration, and evaluation of mineral properties in Peru, Jamaica, and Canada. It explores for copper and gold deposits.

The stock is down 16% on no news.

The stock is testing a major key support zone. A close below this will take the stock to test previous record lows.

 

Gold Flora (GRAM.NEO)

Market Cap ~ $94 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 down 15% on no news.

A major technical breakdown can be confirmed today with a close below the $0.36 zone. The stock can fall back down to the $0.20 zone.

 

Graphene Manufacturing (GMG.V)

Market Cap ~ $67 million

Graphene Manufacturing Group Ltd, a clean-technology, manufactures and supplies graphene powder. The company engages in the manufacture and sale of energy saving and energy storage solutions. Its products portfolio includes graphene aluminium-ion battery; THERMAL-XR, an HVAC coating system that enhance the conductivity of corroded heat exchange surfaces and maintain the performance of units; and G LUBRICANT, a graphene and lubricating oil.

The stock is down 14% on no news.

A breakdown below $1.00 and strong sell off momentum. $0.50 is the next support zone.

 

Nanalysis Scientific Corp (NSCI.V)

Market Cap ~ $42 million

Nanalysis Scientific Corp. engages in the development, manufacture, and sale of magnetic resonance products in the United States, Canada, Europe, Asia, and internationally. The company operates through four segments: Nanalysis, RS2D, K’Prime, and Corporate. It offers nuclear magnetic resonance (NMR) spectrometers; software module packages; cutting-edge electronics components for precision analytical instruments; and services for its NMR technologies.

The stock is down 14% on news of a financing for $5 million.

The stock is testing a key support zone. A breakout occurred here which triggered a new uptrend. However, the momentum has not been strong. Now, the breakout is being retest. See if buyers will step in otherwise, the stock ranges or continues its downtrend.