Top 5 gainers and losers: BG.CN, BLOX.CN, CH.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

Big Gold (BG.CN)

Market Cap ~ $1.76 million

Big Gold Inc., a mineral exploration and development company, focuses on the acquisition and exploration of mineral properties. It holds 100% interest in the Martin Kenty Property consists of 264 mineral claims located in Kenora, Ontario.

The stock is up 50% on news that it has mobilized a geophysical crew to gather data in preparation for a 2024 core drilling program on the Tabor Property.

A breakout incoming? The upper portion of the range, resistance at $0.04, is being tested. Watch for a daily candle close above this level to confirm a breakout.

X1 Entertainment Group (XONE.CN)

Market Cap ~ $5.7 million

X1 Entertainment Group Inc. does not have significant operations. Previously, it was owned and operated RixGG, an esports franchise; X1 Talent, a boutique talent management group for digital content creators; ShiftRLE, an online news outlet focused on the popular video game Rocket League; and Octane.GG, an online fan statistics platform focused on the Rocket League video game.

The stock is up 38% on no news.

The stock has been in a range since last year February. In recent days, the stock has been garnering some volume. A confirmed daily candle close above $0.25 would trigger a breakout.

CloudMD Software and Services (DOC.V)

Market Cap ~ $37 million

CloudMD Software & Services Inc. offers healthcare services in Canada and the United States. The company operates in two segments: Digital Health Solutions and Enterprise Health Solutions. It offers enterprise health solutions, including mental health, virtual medical care, healthcare navigation, rehabilitation and assessments, education, employee and family assistance program, and absence management and occupational health.

The stock is up 26% on no news.

The stock has been in a downtrend as can be seen from the lower highs and lower lows and the general downwards slope of the market. In recent weeks, the stock closed above the $0.08 lower high, indicating a potential trend shift. Ideally, one would like to see a retracement and the formation of a higher low to indicate that a new uptrend has begun.

Charbone Hydrogen (CH.V)

Market Cap ~ $11 million

CHARBONE Hydrogen Corporation delivers hydropower solutions from small-scale hydroelectric power generation plants to green hydrogen production facilities. It also produces hydrogen for agriculture, paper, plastics, and metal treatment industries, as well as transportation and energy.

The stock is up 26% on no news.

A nice looking chart. The stock just blew past a resistance zone at $0.10. A retest is likely given the stock is testing current resistance at the $0.15 zone.

Rush Rare Metals (RSH.CN)

Market Cap ~ $5.3 million

Rush Rare Metals Corp., a mineral exploration company, explores for rare earth elements and uranium deposits. The company focuses on its Boxi Property located in Québec, Canada. It also owns the Copper Mountain Uranium Project comprises 52 mineral claims covering approximately 780 acres located in Wyoming, the United States.

The stock is up 26% on no news.

Not much to say other than new all time record highs for the stock. A retracement of the $0.12-$0.125 zone is possible before continuing higher.

Top 5 Losers

Cryptobox Technologies (BLOX.CN)

Market Cap ~ $34 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 down 28% on no news.

A retracement is going on as profits are being taken. The stock is currently testing the major gap, which is support. However, if the stock closes below $0.26 and fills the gap, it would be a bearish sign leading to a further drop.

Gold Mountain Mining (GMTN.TO)

Market Cap ~ $1.32 million

Gold Mountain Mining Corp. engages in the acquisition, exploration, and development of gold and silver properties in Canada. The company owns 100% interest in the Elk Gold project that consists of 32 mineral claims covering 22,152 hectares and two mining leases covering 646 hectares located in South Central British Columbia, Canada.

The stock is down 25% on news that the Company has received notice of default from Hedge Minerals Corp. after failing to make its payment obligations outlined under the Promissory Note dated September 13, 2023.

Bad news and management is currently attempting to negotiate possible solutions to restructure the terms of the Note to resolve the current default and breach. The stock continues to range between $0.01 and $0.03.

Conifex Timber (CFF.TO)

Market Cap ~ $23 million

Conifex Timber Inc. primarily manufactures and sells lumber products in the United States, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as residual products, such as wood chips, trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services.

The stock is down 20% on news of a financial update.

A breakdown of a major support but buyers are jumping in as can be seen with the long wick. If the stock confirms a strong close below support, the next major support area comes in around the $0.21 zone.

Riverside Resources (RRI.V)

Market Cap ~ $8.6 million

Riverside Resources Inc. engages in the acquisition, exploration, and evaluation of assets in Canada, the United States, and Mexico. It primarily explores for gold, silver, rare earth elements (REE), and copper deposits. The company holds 100% interests in the Oakes Gold project covering an area of approximately 5,600 hectares; the Pichette comprises 1,650 hectares; and the Longrose and Vincent projects in located northwestern Ontario, Canada, as well as Duc project covering an area of approximately 600 hectares located in Ontario, Canada; and the Revel project includes 1,100 hectares located in the north of Revelstoke, British Columbia. It also holds 100% interests in the La Silla property, the Ariel property, the Teco project, the Cecilia property, the Australia project, the Suaqui Verde property, and the La Union property located in Mexico. In addition, the company has an option agreement to acquire 100% interests in the Elly-Anika and Chilco projects; the Deer Park and Sunrise projects located in British Columbia, Canada; and the Los Cuarentas property located in northern Sonora, Mexico.

The stock is down 20% on no news.

The stock broke above the $0.11 zone recently and began a run. The stock is now pulling back and is retesting this zone. Watch to see if buyers jump in to form a higher low. If not, then the stock continues to range.

Enthusiast Gaming (EGLX.TO)

Market Cap ~ $29 million

Enthusiast Gaming Holdings Inc., an integrated gaming entertainment company, engages in the media, content, entertainment, and esports businesses in Canada, the United States, England and Wales, and internationally. The company owns and operates video-gaming expo; owns and manages esports teams for various games comprising Apex Legends, Rocket League, World of Warcraft, Call of Duty: Mobile, Rainbow Six Siege, PlayerUnknown’s Battlegrounds, Call of Duty: Warzone, Super Smash Bros: Melee, and Super Smash Bros: Ultimate; and produces and programs approximately 20 weekly shows across advertising-based video on demand (AVOD) and over-the-top (OTT) channels, as well as represents approximately 500 gaming influencers on YouTube and Twitch.

The stock is down 17% on news of a $10 million cost reduction program.