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
Global Hemp Group (GHG.CN)
Market Cap ~ $2.1 million
Global Hemp Group Inc. produces and processes industrial hemp in the United States. It focuses on the development of sustainable and green value-added industrial hemp products utilizing the processing of the hemp plant for multi-merchantable applications.
The stock is up 76% on no news.
The stock is facing an important resistance zone here at $0.10 and is so far, confirming a breakout. The stock needs a strong close above this zone by the end of the day.
Comprehensive Healthcare Systems (CHS.V)
Market Cap ~ $3.1 million
Comprehensive Healthcare Systems, Inc. engages in the development of customized healthcare administrative software solutions. The company offers NOVUS 360, a suite of applications, including benefits admin software, third party administrator, data and pricing transparency, medical management, pharmacy benefit management, and financial recovery. It provides licensing and maintenance services.
The stock is up 66% on news of a corporate update and strategic plan.
The stock is in a downtrend and is now forming a range. Watch for a close above the $0.03 zone to confirm a reversal.
Falcon Gold (FG.V)
Market Cap ~ $6.8 million
Falcon Gold Corp. generates, acquires, and explores mineral properties in the Americas. It explores for gold, silver, copper, and base metal deposits, as well as diamonds. Its flagship project is the Central Canada Gold Mine located approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit.
The stock is up 42% on news it has hired Centreline for drilling at the Great Burnt Project.
A lot of positives on this chart. A double bottom pattern about to trigger with a confirmed daily close above $0.05 and a break above the downtrend line. Many positive confluences here.
TrueContext Corporation (TCXT.V)
Market Cap ~ $140 million
TrueContext Corporation researches, develops, and markets mobile business solutions for enterprises to automate field sales, field service, and other field data collection business processes. It offers ProntoForms mobile workflow management app solution that enables remote workers to collect data on a mobile device; access company data in the field; and automatically share the results with back-office systems, cloud services, and people, as well as companies to track, analyze, and enhance processes. The company also provides solutions for installation and maintenance, safety audit and incident reporting, inspection and audit, and emergency management, as well as for field service, safety, fleet, and enterprise asset management.
The stock is up 36% on news that it will be acquired by Battery Ventures in an all-cash transaction for $1.07 per share.
The stock has been in a nice uptrend and today’s news is icing on the cake. We have a buyout price at $1.07. But this is an example of how technicals can hint at upcoming fundamentals.
Aclara Resources (ARA.TO)
Market Cap ~ $86 million
Aclara Resources Inc., a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions regions of Chile; and 369,410 ha of mining rights in Brazil. The company also holds 100% interests in the Carina Module mining rights comprises 8,490 hectares of mining rights located in the State of Goiás in central Brazil.
The stock is up 38% on news of an up to US $80 million strategic investment by Cap in its Chilean subsidiary and an option for an equity investment of up to 19.9%.
The stock has been ranging throughout all of 2023. Now with upcoming cash, it might be able to create a catalyst for a breakout above $0.60.
Top 5 Losers
Fathom Nickel (FNI.CN)
Market Cap ~ $9.7 million
Fathom Nickel Inc., a resource exploration and development company, engages in identifying, acquiring, and exploring the base and precious metals for use in electric vehicle and battery markets. The company primarily explores for nickel deposits. Its flagship project is the Albert Lake Project, which consists of 31 mineral claims covering an area of 90,460 hectares located in the La Ronge Mining District of Saskatchewan, Canada.
The stock is down 26% on news that it has completed drilling at its 100% owned Albert Lake Project and that drill, and crews have mobilized to the Gochager Lake Project. Drilling commenced at the Gochager Lake Project on March 12 and is expected to continue through mid-April 2024.
Major support is being tested. A close below $0.10 by the end of the day confirms a breakdown. And a move down to the $0.05 zone.
Pharmadrug (PHRX.CN)
Market Cap ~ $4.6 million
Pharmadrug Inc. operates as a specialty pharmaceutical company. It focuses on the research, development, and commercialization of controlled-substances and natural medicines, such as psychedelics, cannabis, and naturally-derived approved drugs. It also imports and distributes medical cannabis to pharmacies in Germany and rest of the European Union; and owns and operates Super Smart, an entity building to vertically integrated elevate the use of functional mushrooms and psilocybin mushrooms. In addition, the company engages in the researching and reformulating established natural medicines. It has a research agreement with the University of Michigan to evaluate N, N-dimethyltryptamine’s (DMT) potential role in normal, diseased, and altered states of consciousness, as well as an agreement with Southwest Research Institute for initiating non-clinical and clinical manufacturing of cepharanthine; and clinical trial agreement with Johns Hopkins University to conduct a clinical study comparing acute and enduring psychological and neural effects of DMT and an undisclosed potently active comparator molecule.
The stock is down 16% on news it has initiated work on a project to develop a novel manufacturing method for the commercial-scale manufacture of cocaine to support safe supply programs.
The stock is looking to breakout above resistance. So far sellers are taking charge. Watch for a close above the $0.07 zone for a breakout.
GMV Minerals (GMV.V)
Market Cap ~ $13 million
GMV Minerals Inc., an exploration stage company, engages in the sourcing and exploration of mineral properties in the United States. It primarily explores for gold and lithium deposits. The company holds a 100% interest in the Mexican Hat Gold Project that consists of 42 unpatented lode mining claims covering an area of approximately 4,800 acres located in Cochise County, Arizona. It also holds interest in the Daisy Creek Lithium project, consisting of eighty-two lode claims covering an area of 18 square miles and located in Lander County, north-central Nevada.
The stock is down 13% on no news.
The stock recently broke down after forming an uptrend with the close below $0.18. Today, sellers are stepping in on the retest of the $0.18 zone. The next support comes in at $0.12.
Hertz Energy (HZ.CN)
Market Cap ~ $11.2 million
Hertz Energy Inc. engages in the acquisition, exploration, and development of mineral properties in the United States, Canada, and Brazil. It primarily explores for lithium deposits. The company holds interest in the Lucky Mica project comprises 114 mineral claims covering an area of approximately 939 hectares located in the Arizona Pegmatite Belt in the Maricopa County, Arizona; and the AC/DC project that consists of 26,500 hectares located in the renowned James Bay Lithium District in Quebec, Canada. It also has an option agreement to acquire 100% interests in the Patriota Lithium project includes 2,963 hectares located in the Eastern Brazilian Pegmatite Province in Minas Gerais, Brazil; and the Cominco Uranium property located in Nunavut, Canada.
The stock is down 10% on no news.
The stock is beginning to test a major zone of $0.16. A close below this will lead to more weakness. A close above $0.24 sees a new uptrend with a confirmed first higher low.
Li-FT Power (LIFT.V)
Market Cap ~ $155 million
LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company’s flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. LIFT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group.
The stock is down 10% on news it has intersected 16m at 1.26% Li2O at its Echo Pegmatite, Yellowknife Lithium Project.
Breakdown on the drill results and the stock is now printing new all time record lows. Watch to see if the stock can attempt to regain the $4.00 zone.
