Top 5 Gainers and Losers: HUT.TO, DN.TO, HZM.TO

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

Delta 9 Cannabis (DN.TO)

Market Cap ~ $11 million

Delta 9 Cannabis Inc., together with its subsidiaries, operates as an integrated cannabis company. The company engages in the cultivation, processing, extraction, wholesale distribution, retail, and sale of medical and recreational cannabis products. Its products include dried cannabis flowers, pre-rolls, and dried sift cannabis, as well as oils, and extracted and derivative products.

The stock is up 37% on news that year end 2023 financial results will be released on April 1st 2024.

A very good continuation with the stock breaking out above the downtrend line and initiating a new uptrend. We may have the first higher low confirmed with a daily close above $0.05 by the end of the day.

Rakovina Therapeutics (RKV.V)

Market Cap ~ $9.1 million

Rakovina Therapeutics Inc. engages in the research and development of new cancer treatments based on novel series of small-molecule DNA-damage response inhibitors (DDRi). Its preclinical product pipeline include kt-2000, a next generation oral targeted small molecule PARP inhibitors; kt-3000, a bi-functional small-molecule drug candidate; and kt-4000, a DNA-damaging DDR inhibitors.

The stock is up 36% on news that it will be pivoting to AI.

It seems like a inverse head and shoulders reversal pattern is forming. Watch for a bit of a sell off here at resistance before breaking out above $0.14. There was a major pinbar too which indicates a bottom.

Group Eleven Resources (ZNG.V)

Market Cap ~ $44 million

Group Eleven Resources Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Ireland. The company primarily explores for zinc, lead, and silver deposits. It owns 100% interest in the Silvermines project comprising two prospecting licenses (PLs) covering an area of 43.0 square kilometers located in the northern County Tipperary; the PG West project that consists of 22 PLs covering an area of 650 square kilometers located in the Limerick region. The company also holds 60% interest in the Ballinalack project, which comprises 5 PLs covering an area of 169.0 square kilometers located in northeast Ireland; and 76.56% interest in the Stonepark project comprising 6 PLs covering an area of 183.6 square kilometers located in County Limerick, Ireland.

The stock is up 25% on no news.

A major breakout is happening here. Watch for a confirmed close above $0.20 by the end of the day and the stock has a lot of room to run to the upside.

Golden Minerals (AUMN.TO)

Market Cap ~ $8 million

Golden Minerals Company, a precious metals exploration company explores for mineral properties. It explores for gold, silver, copper, zinc, lead, and other minerals. The company holds a 100% interest in the Rodeo gold mine situated in Durango State, Mexico; and a 100% interest in the Velardeña and Chicago gold-silver mining properties and associated oxide and sulfide processing plants located in the State of Durango, Mexico. It also holds a 100% interest in the El Quevar advanced exploration silver property situated in the province of Salta, Argentina; Yoquivo property situated in Chihuahua State, Mexico; Sarita Este gold-copper property situated in the province of Salta, Argentina; and diversified portfolio of precious metals and other mineral exploration properties located in Argentina, Nevada, and Mexico.

The stock is up 26% on no news. The Company announced yesterday that Barrick Gold Corporation notified the Company it is withdrawing from an Earn-In Agreement on the El Quevar silver project which the two parties signed in April 2020. The termination will be effective on April 20, 2024.

The stock printed record lows but is now bouncing from those levels. If the stock can confirm a close above $0.50, this would be a good start to take out $0.75.

Hut 8 Corp (HUT.TO)

Market Cap ~ $1.42 billion

Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers.

The stock is up 19% on news of operating and financial results for the six months ended December 31st 2023.

A breakout is occurring here with a nice strong close above $15.00. There is some resistance around $18, but a continuation should see a move up to $25.

Top 5 Losers

Horizonte Minerals (HZM.TO)

Market Cap ~ $8 million

Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district.

The stock is down 60% on news of a corporate update.

Not looking too good for the stock as it prints new all time record lows.

Quest Critical Metals (BULL.CN)

Market Cap ~ $4.4 million

Quest Critical Metals Inc., a minerals exploration company, engages in the exploration and evaluation of mineral properties. It has an option agreement to acquire 100% interest in the East Bull Palladium Property that comprise 992 hectares located in the Sudbury mining division, Ontario.

The stock is down 16% on no news.

The stock is drifting lower and lower and it is testing the $0.25 zone. Lows come in at the $0.20 zone.

Generation Uranium (GEN.V)

Market Cap ~ $4 million

Generation Uranium Inc. engages in the exploration and development of mineral properties. It has an option agreement to acquire a 60% interest in the Arlington property that comprises five mineral claims located in the Arrow Boundary District of south-central British Columbia, Canada; and holds a 100% interest in the YATH Uranium Property comprises five mineral claims that totaling approximately 8,438 hectares located in the territory of Nunavut.

The stock is down 13% on no news.

The stock is seeing a selloff at resistance. A range is developing up here and it looks like some profits are being taken. Watch to see if the stock closes below $0.235 for more lows.

Arrow Exploration (AXL.V)

Market Cap ~ $109 million

Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada.

The stock is down 13% on news of announcing year end reserves and an operations update.

The stock has been in a nice uptrend and it looks like profits are now being taken. There is some support here so buyers could step in for continuation.

Cubicfarm Systems (CUB.V)

Market Cap ~ $6.3 million

CubicFarm Systems Corp., a local chain agricultural technology company, develops and sells food and livestock feed technologies for farmers worldwide. The company offers CubicFarm System and HydroGreen Grow System. Its systems help farmers to produce lettuce, basil, microgreens, nutraceutical ingredients, and animal feed.

The stock is down 12% on no news.