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April 25, 2024

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Top 5 Gainers and Losers: HUT.TO, CDMN.NEO, CEQ.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

Canadian Manganese (CDMN.NEO)

Market Cap ~ $21 million

Canadian Manganese Company Inc. engages in the exploration and development of manganese properties in the province of New Brunswick, Canada. It owns interest in the Woodstock project located in New Brunswick.

The stock is up 115% on news it has agreed to sell a three percent gross revenue royalty on its Woodstock Manganese Project to Leventis Capital Pte. Ltd., an arm’s length party to the Company, for US$15,000,000 in cash. Completion of the transaction is expected to close on or about April 25, 2024.

NEO:CDMN Chart Image by Uncharted-FX

A very nice pop on today’s news showing an important breakout of a reversal pattern. A close above $0.11 is bullish by the end of the day. The next resistance comes in around $0.20.

 

Criterium Energy (CEQ.V)

Market Cap ~ $5.7 million

Criterium Energy Ltd. engages in the exploration and development of oil and gas. It focuses in the Bulu PSC offshore property located in the East Java, Indonesia.

The stock is up 66% on news of 2024 guidance and oil development activities. 

TSXV_DLY:CEQ Chart Image by Uncharted-FX

The stock recently bounced at a major support level pretty much at record lows. A strong close above the $0.08 zone will be a bullish statement as the current lower high will be taken out.

 

Bocana Resources (BOCA.V)

Market Cap ~ $1.52 million

Bocana Resources Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral resources in South America. The company primarily explores gold, silver, and copper deposits. It holds 100% interest in the Escala Project, which consists of 4 exploration concessions covering an area of 4,000 hectares located in Bolivia.

The stock is up 50% on news it has signed a non-binding Letter of Intent for the proposed acquisition of all of the outstanding shares of Empresa Minera Inti Raymi S.A.

TSXV_DLY:BOCA Chart Image by Uncharted-FX

The stock is bouncing around record lows. This could be the beginning of a major bounce but watch for a close above $0.02.

 

Appili Therapeutics (APLI.TO)

Market Cap ~ $6.1 million

Appili Therapeutics Inc., a biopharmaceutical company, focuses on the acquisition and development of novel medicines for unmet needs in the infectious disease in Canada. Its anti-infective portfolio includes ATI-1501, a taste-masked liquid oral suspension formulation of an antibiotic, metronidazole; ATI-1801, a novel topical formulation of paromomycin for the treatment of cutaneous leishmaniasis; and ATI-1701 is a live-attenuated vaccine for Francisella tularensis.

The stock is up 42% on news it will be acquired by Aditxt Inc.

TSX_DLY:APLI Chart Image by Uncharted-FX

A major gap up and to the buyout price. Not much to say on this chart as it is a buyout.

 

GoldQuest Mining (GQC.V)

Market Cap ~ $49 million

Goldquest Mining Corp., together with its subsidiaries, engages in the identification, acquisition, and exploration of mineral properties in the Dominican Republic. The company primarily explores for gold and copper deposits. It primarily owns a 100% interest in the Romero gold-copper project that comprises 2 mineral deposits covering an area of 3,997 hectares located to the south of the Central Cordillera of Hispaniola; and the Tireo property comprising 13 concessions covering an area of 20,076 hectares located in the province of San Juan de la Maguana, the Dominican Republic.

The stock is up 26% on no news.

TSXV_DLY:GQC Chart Image by Uncharted-FX

The stock is on a run after breaking out above $0.12. The next resistance comes in around the $0.22 zone.

 

Top 5 Losers

Temas Resources (TMAS.CN)

Market Cap ~ $2.5 million

Temas Resources Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for iron, titanium, and vanadium deposits. Its flagship property is 100% owned the La Blache property comprising 48 semi-contiguous minerals, which covers 2,653.25 hectares located in Quebec, Canada.

The stock is down 15% on no news.

CSE:TMAS Chart Image by Uncharted-FX

The stock is back at testing a key support level at the $0.17 zone. Watch to see if buyers jump in here.

 

Hut 8 Corp (HUT.TO)

Market Cap ~ $1.11 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 down 14% on no news.

TSX_DLY:HUT Chart Image by Uncharted-FX

The stock attempted a breakout above $15 but it failed. Now the stock is retreating and there is some support here around the $12 zone.

 

Sonoro Energy (SNV.V)

Market Cap ~ $27 million

Sonoro Energy Ltd. explores for, appraises, develops, and produces oil and gas resources in Southeast Asia. The company holds a 25% interest in the Selat Panjang Production Sharing Contract covering an area of approximately 940 square kilometers located in Riau province, Central Sumatra.

The stock is down 14% on no news.

TSXV_DLY:SNV Chart Image by Uncharted-FX

The stock is contained between $0.14 and $0.10. Traders and investors are just waiting for the breakout to give direction.

 

Showcase Minerals (SHOW.CN)

Market Cap ~ $23 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 13% on no news.

CSE:SHOW Chart Image by Uncharted-FX

The stock is selling off and has lost all of its gains in previous days. There is some support here around the $1.00 zone. A close below would see the stock fall to $0.60.

 

The Good Shroom (MUSH.V)

Market Cap ~ $8.1 million

The Good Shroom Co Inc. develops, manufactures, and sells instant wellness beverages in Canada and the United States. It offers a range of tea and coffee-based functional mushroom beverages under the Teonan brand; cannabis-infused functional mushroom beverages under the Velada brand; and hash products under the Nordique Royale brand.

The stock is down 13% on no news.

TSXV_DLY:MUSH Chart Image by Uncharted-FX

The stock is falling after testing resistance at the $0.19 zone. Watch for support at $0.13. A close below would see a drop to $0.10.

 

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