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May 24, 2024

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Top 5 Gainers and Losers: WEED.TO, SHOW.CN, ARIC.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:

 

Pharmala Biotech (MDMA.CN)

Market Cap ~ $15 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 12% on news that allowance has been granted for the Composition of Matter of its PharmAla-1 (P-1) molecule by the US Patent and Trademark Office (USPTO).

CSE:MDMA Chart Image by Uncharted-FX

The stock is testing a key support zone and a demand zone as a major pop occurred here. The stock is seeing a battle between the bulls and the bears and a break above $0.22 is what gets the stock going.

 

Awale Resources (ARIC.V)

Market Cap ~ $22 million

Awalé Resources Limited engages in the identification and exploration of precious metal projects. The company primarily explores for gold and copper deposits. It holds interest in Bondoukou project that includes three permits covering 1,191.5 square kilometers in the northeast of Côte d’Ivoire; and Odienné project that includes four permits covering 1,600 square kilometers in the northwest Denguèlé Region of Côte d’Ivoire.

The stock is up 16% on no news.

TSXV_DLY:ARIC Chart Image by Uncharted-FX

The stock is continuing its uptrend with a breakout above the $0.20 zone. If the stock closes above $0.40, we have a gap fill which will lead to a much larger move.

 

Canopy Growth (WEED.TO)

Market Cap ~ $555 million

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company’s products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel.

The stock is up 16% on no news.

TSX_DLY:WEED Chart Image by Uncharted-FX

The stock has seen a few days of a strong bounce. A resistance zone is being tested here. Watch for a breakout.

 

Nevada Copper (NCU.TO)

Market Cap ~ $162 million

Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, iron magnetite, gold, and silver ores. It holds 100% interests in the Pumpkin Hollow property that consist of approximately 24,300 acres of contiguous mineral rights located in northwestern Nevada, the United States.

The stock is up 41% on no news.

TSX_DLY:NCU Chart Image by Uncharted-FX

The stock is in a downtrend but recently it began to range. Now, the stock is breaking out but the downtrend remains intact unless the stock closes above $0.12.

 

Robex Resources (RBX.V)

Market Cap ~ $131 million

Robex Resources Inc. operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.

The stock is up 34% on no news.

TSXV_DLY:RBX Chart Image by Uncharted-FX

The stock gapped down to major support around the $0.11 zone. Buyers are stepping in currently but it is too early to tell whether this is a major reversal. If the $0.19 gap is filled, we may have something to work with.

 

Top 5 Losers

Showcase Minerals (SHOW.CN)

Market Cap ~ $30 million

Showcase Minerals Inc. engages in the identification, acquisition, exploration, and development of mineral projects. The company primarily explores for gold and vanadium deposits. It owns interests in the Dixie Flats which consist of 180 unpatented lode claims covering approximately 1311 hectares; the North Star which consist of 56 unpatented lode claims covering 360 hectares; and Woodruff claims which consist of 18 unpatented lode claims covering approximately 147 hectares located in Elko County, Nevada.

The stock is down 29% on no news.

CSE:SHOW Chart Image by Uncharted-FX

The stock has made up all the gains it made in the last few weeks. Now, we are testing a major support zone here around the $1.40 zone. Watch to see if buyers can jump in.

 

Alvopetro Energy (ALV.V)

Market Cap ~ $168 million

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.

The stock is down 16% on news of year end 2023 financial results.

TSXV_DLY:ALV Chart Image by Uncharted-FX

A major breakdown at the $5.00 zone. The next support comes in at $4.00.

 

Impact Analytics (PACT.CN)

Market Cap ~ $39 million

Impact Analytics Inc., an intelligent risk assessment platform company, operates as a financial services company focusing on building an AI-powered risk assessment engine to govern and optimize organizational decision making. Its risk assessment model is designed to reimagine traditional finance in a meaningful way.

The stock is down 11% on no news. Yesterday, the Company announced a change in business and the announcement of an expiration of an interim cease trade order.

CSE:PACT Chart Image by Uncharted-FX

The stock say buyers jump in after a major drop yesterday. Will the stock do the same today? Major support comes in at the $1.00 zone.

 

BriaCell Therapeutics (BCT.TO)

Market Cap ~ $52 million

BriaCell Therapeutics Corp. operates as a Phase 3 biotechnology company transforming cancer care with its novel cellular immunotherapies. It is conducting a pivotal Phase 3 clinical trial in advanced breast cancer with its Bria-IMT in combination with an immune check point inhibitor. It is also developing personalized off-the-shelf treatments for breast cancer, prostate cancer, and other cancers.

The stock is down 11% on no news.

TSX_DLY:BCT Chart Image by Uncharted-FX

The stock is printing new all time record lows after taking out the $3.50 zone. If the stock can close back above this level, then we would have a false breakdown.

 

Americas Gold and Silver (USA.TO)

Market Cap ~ $61 million

Americas Gold and Silver Corporation, together with its subsidiaries, engages in the exploration, development, and production of mineral properties in North America. It explores for gold, silver, zinc, lead, and other by-products. The company holds 100% interests in the Cosalá Operations consisting of 67 mining concessions that covers approximately 19,385 hectares located in the state of Sinaloa, Mexico; and the San Felipe development project in Sonora, Mexico. It also owns a 60% interest in the Galena Complex located in the northern Idaho Silver Valley, Idaho; and a 100% interest in the Relief Canyon mine located in the Pershing County, Nevada, the United States.

The stock is down 11% on news it has entered into an agreement with Eight Capital, pursuant to which the Eight Capital has agreed to act as agent, on a “best efforts” basis, in connection with a private placement of up to 21,667,000 units of the Company at a price of C$0.30 per Unit for gross proceeds of up to C$6,500,100.

TSX_DLY:USA Chart Image by Uncharted-FX

The stock is contained within a range and is about to test the $0.275 lower portion of the range. Watch for buyers to step in around this zone.

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