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May 23, 2024

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Top 5 Gainers and Losers: IDK.CN, SANU.CN, OAM.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

Sanu Gold (SANU.CN)

Market Cap ~ $11 million

Sanu Gold Corp. engages in the acquisition, exploration, and development of gold projects in Guinea, West Africa. Its flagship project is the Banta Baye property, which covers a total surface area of 99.9 square kilometers located northwest of the Kouroussa township of Guinea.

The stock is up 45% on news of high grade gold results from the Daina Exploration Permit in Guinea, West Africa.

CSE:SANU Chart Image by Uncharted-FX

The stock printed record lows and is now bouncing higher. We have the market structure of a reversal pattern playing out here. Watch for a close above the $0.10 to trigger the breakout.

 

Aegis Brands (AEG.TO)

Market Cap ~ $31 million

Aegis Brands Inc. engages in the food and beverage business in Canada. It owns and operates coffeehouses under the Bridgehead and St. Louis Bar & Grill brand names. The company offers premium coffee, baked goods, and fresh food products.

The stock is up 24% on no news.

TSX_DLY:AEG Chart Image by Uncharted-FX

Another chart looking similar to the chart I just covered. We have the market structure of a reversal pattern playing out. A double bottom pattern and a close above $0.375 is required for the break.

 

K2 Gold (KTO.V)

Market Cap ~ $12 million

K2 Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates gold exploration projects in Canada and the United States. It also explores for silver metal. The company’s flagship property is the Mojave Gold project that covers an area of approximately 5,780 hectares located in California.

The stock is up 22% on no news.

TSXV_DLY:KTO Chart Image by Uncharted-FX

It seems we have a pattern here with the charts given the overall movement in markets. The major resistance at $0.10 is being tested here. Watch for the break!

 

Nuclear Fuels (NF.CN)

Market Cap ~ $27 million

Nuclear Fuels Inc. engages in the acquisition and exploration for mineral resource properties. The company primarily focuses on exploring for critical metals and uranium deposits. Its principal properties are the LAB Project that consists of an area of 53 non-contiguous mineral licences covering 1508 minerals claims totaling 37,700 hectares located in Newfoundland and Labrador, Canada; and the KC Property, which comprises 673 lode minerals claims and 17 state mineral leases covering an area of 24,026 acres situated in Wyoming, the United States.

The stock is up 20% on no news.

CSE:NF Chart Image by Uncharted-FX

A bounce at the $0.375 is seeing buyers buoy the price. The stock is still in a downtrend with lower highs and lower lows. Watch for $0.50 to be taken out.

 

ThreeD Capital (IDK.CN)

Market Cap ~ $34 million

ThreeD Capital Inc. is a venture capital firm specializing in seed/startup, early venture, and growth capital opportunistic investments. The firm seeks to invest in industrials, health care, information technology; software, biotechnology; renewable technology, AI/Machine learning, blockchain, nanotechnology, electric vehicles, internet of things, electronic sports, junior resources with an emphasis on the precious-metal and battery-metal sectors; artificial intelligence with a focus on disruptive data science technologies, machine learning, and neuro networks; and blockchain sectors with a focus on blockchain assets.

The stock is up 21% on news that the Company has acquired ownership and control of an aggregate of 750,000 common shares of Birchtree Investments Ltd. 

CSE:IDK Chart Image by Uncharted-FX

Yesterday the stock confirmed a major breakout. Today is seeing strong momentum continuation. Resistance is approaching around the $0.75 zone.

 

Top 5 Losers

OverActive Media (OAM.V)

Market Cap ~ $51 million

OverActive Media Corp. operates as a media, sports, and entertainment company. It operates in two segments, Team Operations and Business Operations. The company delivers sports, media, and entertainment products for fans with a focus on esports, videogames, content creation and distribution, culture, and live and online events. It also operates fan clubs, and other fan-related activities.

The stock is down 18% on news of a response to Riot Games’ proposed changes for League of Legends esports.

TSXV_DLY:OAM Chart Image by Uncharted-FX

Covered the trendline breakout when it happened and the stock is in a new uptrend. Some profits are being taken but the current higher low comes in around $0.36. As long as price remains above this zone, the uptrend continues.

 

Osisko Development (ODV.V)

Market Cap ~ $242 million

Osisko Development Corp., a gold development company, engages in the acquisition, exploration, and development of precious metals resource properties in North America. The company’s flagship asset is the Cariboo Gold Project covering an area of 155,089 hectares consisting of 415 mineral titles located in British Columbia, Canada.

The stock is down 14% on news of a mineral update for the Trixie deposit within the Tintic Project.

TSXV_DLY:ODV Chart Image by Uncharted-FX

The downtrend is continuing with a close below the $3.00 zone. Watch for support at $2.50.

 

Chesswood Group (CHW.TO)

Market Cap ~ $135 million

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of equipment finance broker firms in Canada. It also provides home improvement and other consumer financing solutions.

The stock is down 11% on news of fiscal year 2023 results.

TSX_DLY:CHW Chart Image by Uncharted-FX

The stock has gapped down hard on earnings. Buyers have stepped in around the $7.00 zone but has a gap to fill to go back bullish.

 

Novo Resources (NVO.TO)

Market Cap ~ $35 million

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada and Australia, and the United States. The company primarily explores for gold deposits. Its flagship property is the Beatons Creek property located in the Pilbara region of Western Australia. It also holds interest in Nullagine Gold Project located in the Pilbara region of Western Australia.

The stock is down 11% on no news.

TSX_DLY:NVO Chart Image by Uncharted-FX

The stock is ranging and it is about to test a key support level. A break down leads to a move into new all time record lows.

 

Cielo Waste Solutions (CMC.V)

Market Cap ~ $33 million

Cielo Waste Solutions Corp. operates as a waste-to-fuel environmental technology company in Canada. It converts and transforms waste feedstocks, including organic material and wood derivative waste into fuel, such as diesel, naphtha, and kerosene.

The stock is down 10% on no news.

TSXV_DLY:CMC Chart Image by Uncharted-FX

The stock has made a recent pop higher and is now looking to establish a higher low to cement a new trend. Nothing as of yet but the stock is beginning to range here which is a positive first sign.

 

 

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