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
West Red Lake Gold (WRLG.V)
Market Cap ~ $173 million
West Red Lake Gold Mines Ltd., acquires, explores for, and develops gold deposits in Canada. It holds interests in the West Red Lake project that comprising the NT Zone, the Mount Jamie Mine, the Rowan Mine, and Red Summit Mine properties covering an area of 3,100 hectares situated in the Red Lake Archean Greenstone Belt, Red Lake Gold District of Northwestern Ontario.
The stock is up 11% on no news.
The stock is looking to breakout above a major resistance zone which is about to be tested. However, I would also note the $1.00 zone being a major psychological level.
Sage Potash (SAGE.V)
Market Cap ~ $5.4 million
Sage Potash Corp. engages in the acquisition, exploration, and development of mineral properties. It holds interest in the Sage Potash property located in the State of Utah.
The stock is up 53% on no news.
The stock recently made new all time record lows and is now bouncing. But you can see the trend is apparent. We are still in a downtrend. A close above $0.12 would get the stock into reversal mode.
Sun Summit Minerals (SMN.V)
Market Cap ~ $6 million
Sun Summit Minerals Corp. engages in the acquisition, exploration, and development of precious metal properties in Canada. It primarily explores for gold, silver, and zinc deposits. The company has an option to acquire a 100% interest in the Buck property covering an area of totaling approximately 43,000 hectares located in north-central British Columbia.
The stock is up 42% on no news.
The stock is breaking out and printing a nice bottoming pattern. Watch for a close above $0.12 by market close to trigger a break and a move to test the $0.22 zone.
Hypercharge Networks (HC.V)
Market Cap ~ $17 million
Hypercharge Networks Corp. supplies electric vehicle (EV) charging stations and solutions light and medium duty in Canada and the United States. The company provides turnkey EV charging solutions for light and medium duty EVs through a managed charging network of EV charging stations. It serves multi-unit residential buildings; commercial locations, such as retail, workplace, hospitality, parking, municipal; and fleet operators.
The stock is up 29% on no news.
The stock does not have much price action to work with but we have printed new record highs. Watch for a candle close above $0.24.
Perpetua Resources (PPTA.TO)
Market Cap ~ $508 million
Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.
The stock is up 23% on news it received a Letter of Interest from the Export-Import Bank of the United States for potential debt financing of up to $1.8 billion through EXIM’s “Make More in America” and “China and Transformational Exports Program” initiatives.
Very positive and strong price action in the last few days. The market loves the news and the stock is breaking out above the $7.00 zone and it is a strong breakout. The next resistance zone comes in around the $11.00 zone.
Top 5 Losers
Taiga Motors (TAIG.TO)
Market Cap ~ $6.4 million
Taiga Motors Corporation engages in the research and development, design, production, marketing, and distribution of various electric powersport vehicles. It offers electric snowmobiles, personal watercrafts, and off-road vehicles.
The stock is down 24% on no news.
The stock continues to drop making new record lows. A range would be required to show the exhaustion of selling pressure.
Showcase Minerals (SHOW.CN)
Market Cap ~ $22.5 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 16% on no news.
A large dump but interestingly, the stock is now contained within a range just above the $1.00 zone. This could be a sign of selling pressure exhaustion, but bulls should watch for a close above $1.40 for some more upside momentum.
Avant Brands (AVNT.TO)
Market Cap ~ $24.7 million
Avant Brands Inc. cultivates, produces, and markets cannabis products in Canada. The company offers medical and recreational cannabis products under the BLK MKT, Tenzo, GreenTec, cognoscente, Treehugger, and Pristine brands. It distributes cannabis through medical and recreational sales channels, as well as an e-commerce website.
The stock is down 14% on news of its intention to conduct a non-brokered private placement to secure up to $3,888,888 million in gross proceeds.
The stock continues to range just above recent record lows. A close above $0.11 is what would turn things around.
I-80 Gold (IAU.TO)
Market Cap ~ $507.3 million
i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company’s principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County,
The stock is down 12% on news of an increase to the size of its previously announced bought-deal financing. i-80 will now issue 60,607,000 units of the Company at a price of C$1.65 per Unit for gross proceeds of C$100,001,550 . Each Unit is comprised of one common share and one-half of one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$2.15 for a period of 48 months following the closing of the Offering.
The stock has gapped down to print new all time record lows but there is signs of buying as indicated by the large wick candle. Watch for a close above $0.170 to regain support. A close above $1.80 is required to fill in the gap.
Kootenay Silver (KTN.V)
Market Cap ~ $62.5 million
Kootenay Silver Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Mexico and Canada. The company explores for silver, gold, lead, and zinc ores. It primarily holds interests in the La Cigarra silver project covering an area of approximately 18,000 hectares located within the Parral Mining District in the state of Chihuahua, north central Mexico; Promontorio and La Negra silver discoveries situated in Sonora, Mexico; Columba Silver project located in Chihuahua, Mexico; and Copalito Silver-gold project located in Sinaloa, Mexico.
The stock is down 11% on news it has increased the gross proceeds of its previously announced “best efforts” public offering to up to C$9,000,000 from the sale of up to 8,035,714 units of the Company at a price of C$1.12 per Unit.
The stock failed to break above resistance around the $1.35 zone. There is a gap down in today’s price action, but technically, the stock remains in an uptrend as long as it remains above the higher low at $0.95.
