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May 24, 2024

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Top 5 Gainers and Losers: AR.TO, VSBY.CN, RGX.CN

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

Argonaut Gold (AR.TO)

Market Cap ~ $425 million

Argonaut Gold Inc. engages in production and sale of gold, and mine development and exploration businesses in North America. It also explores for silver. The company’s flagship property is the 100% owned Magino mine property comprising seven patented mining claims, four leased mining claims, and 69 unpatented mining claims totaling 2,204.495 hectares located in Ontario, Canada.

The stock is up 30% on news that Alamos Gold is to buy Argonaut Gold for $325 million. Under the terms of the deal, each Argonaut common share would be exchanged for 0.0185 Alamos common shares and 1 share of SpinCo. The exchange ratio implies a total consideration of 40 Canadian cents per Argonaut share, the companies said.

TSX_DLY:AR Chart Image by Uncharted-FX

Not much to say as we have a buyout price at $0.40 which is where the stock is testing and finding resistance.

 

Infinitii ai Inc (IAI.CN)

Market Cap ~ $14 million

infinitii ai inc. engages in the provision of artificial intelligence driven predictive analytics for industrial and smart city infrastructure applications in Canada and the United States. The company provides predictive analytics software that collects, cleanses, organizes, stores, and analyzes data in time series applications, such as automated water system inflow and infiltration, predictive combined sewage overflow, and streaming analytics for data transformation that allows its customers to add logic and algorithms for real-time processing. Its predictive analytics software portfolio for smart city water infrastructure includes infinitii flowworks, infinitii flowworks pro, infinitii flowworks+, infinitii face, infinitii face pro, infinitii auto qa/qc, infinitii auto i&I, infinitii cso predict, infinitii flood risk forecast, infinitii api connect, and infinitii api pro.

The stock is up 29% on no news.

CSE:IAI Chart Image by Uncharted-FX

We have a strong break occurring right now but the daily close confirmation will give us the signal. Watch for a close above $0.115 for more continuation.

 

Xebra Brands (XBRA.CN)

Market Cap ~ $7.4 million

Xebra Brands Ltd. engages in the cultivation, processing, manufacturing, design, and delivery of cannabis products in Canada and Mexico. It provides cannabis infused beverages, including seltzers, soft drinks, iced teas, lemonades, waters, and energy and sport drinks; and wellness products that include capsules, tinctures, topicals, and intimate oils for personal care.

The stock is up 22% on no news. Yesterday, the Company announced a manufacturing agreement with restorative botanicals.

CSE:XBRA Chart Image by Uncharted-FX

The stock is continuing its uptrend with a breakout above recent highs. Resistance comes in at the $0.20 zone.

 

HYTN Innovations (HYTN.CN)

Market Cap ~ $19.5 million

HYTN Innovations Inc. engages in the sale and supply of cannabis products in Canada. The company offers edible cannabis, cannabis beverages, and cannabis flowers. Its products include sparkling cannabis-infused beverages in various flavors comprising rosewater lemonade, watermelon mint, lemongrass ginger, and blood orange products; and cannabis-infused nano gummies.

The stock is up 20% on no news.

CSE:HYTN Chart Image by Uncharted-FX

A nice bottoming pattern here and it appears like an inverse head and shoulders pattern has been triggered. Recent highs are being taken out which points to continuation.

 

Gold Flora Corporation (GRAM.NEO)

Market Cap ~ $115 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 up 17% on no news.

NEO:GRAM Chart Image by Uncharted-FX

A nice pop today but just want to point out that resistance is around the $0.40 zone. A strong close above this level would be bullish. Otherwise, we may just have a resistance retest.

 

Top 5 Losers

VSBLTY Groupe Technologies (VSBY.CN)

Market Cap ~ $6.8 million

VSBLTY Groupe Technologies Corp., a retail technology company, operates as a software provider of artificial intelligence security and retail analytics technology solutions. The company’s software modules include DataCaptor, a software module that leverages camera and sensor technology with artificial intelligence to provide real time analytics and audience measurement; VisionCaptor, a content management system; and VSBLTY Vector, a software module that interfaces with a local or remote database to detect persons or objects of interest within a camera’s field of view.

The stock is down 32% on no news.

CSE:VSBY Chart Image by Uncharted-FX

The stock is seeing a pullback after two strong days of price action. The breakout still remains intact as long as the price remains above $0.125.

 

Regenx Tech (RGX.CN)

Market Cap ~ $5.3 million

Regenx Tech Corp. engages in the exploration and development of mineral properties in Spain and North America.

The stock is down 40% on news of a rights offering and share consolidation.

CSE:RGX Chart Image by Uncharted-FX

New record lows for the stock and that downtrend remains intact. A recovery back above $0.03 would start to turn things around.

 

Pan American Energy (PNRG.CN)

Market Cap ~ $20.1 million

Pan American Energy Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. It holds 100% interest in horizon lithium property covering an area of 17,334 acres located in the Big Smoky and Monte Cristo Basins of Esmeralda County, Nevada; and holds 90% interest in Big Mack lithium project situated in the Paterson Lake Area, Ontario, Canada.

The stock is down 21% on no news.

CSE:PNRG Chart Image by Uncharted-FX

The stock is broke down below $0.375 and is continuing its move lower. The next support comes in at $0.125.

 

Carolina Rush (RUSH.V)

Market Cap ~ $6.9 million

Carolina Rush Corporation, a junior exploration company, engages in acquiring, exploring, and developing mineral properties in Canada. The company explores for gold and copper deposits. It holds interest in the Brewer gold project that covers an area of 1,000 acres located in Chesterfield County, South Carolina; and the right to acquire 100% interest in the Jefferson gold project that consists of 12 leases covering an area of 1,731 acres located in South Carolina. The company also holds an option to acquire the New Sawyer gold project that consists of 609 acres; and the Sawyer gold project covering an area of 135 acres located in Randolph County, South Carolina.

The stock is down 20% on news of reporting the remaining drill results at the Brewer Project.

TSXV_DLY:RUSH Chart Image by Uncharted-FX

The stock is dropping and it appears like it wants to test the major gap around $0.14. This tends to act as support but it the stock fills the gap, it would be a very bearish sign.

 

Organigram Holdings (OGI.TO)

Market Cap ~ $238 million

Organigram Holdings Inc., through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O’ Buds, Monjour, Trailblazer, SHRED’ems, Edison Cannabis Co., Edison JOLTS, Tremblant, and Laurentian brands.

The stock is down 19% on news of an overnight marketed public offering to sell 7,740,000 Units at a price of C$3.23 per Unit for total gross proceeds of approximately C$25 million.

TSX_DLY:OGI Chart Image by Uncharted-FX

The stock has been in an uptrend with higher lows and higher highs. Today’s price action is seeing the stock pullback to retest a support zone. As long as the stock remains above the current higher low at $2.50, the uptrend remains intact.

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