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
Ynvisible Interactive (YNV.V)
Market Cap ~ $11 million
Ynvisible Interactive Inc. develops and sells electrochromic displays in Europe and North America. The company also provides contracted research, development, prototyping, pilot production, contract electronics development, and contract manufacturing printing services, as well as roll-to-roll printed electronics services. In addition, it offers various solution, such as digital signage, smart monitoring labels, authenticity and security, and retail signage and labels.
The stock is up 41% on news it has achieved a significant milestone by completing the mass production and delivery of 25,000 large-format digital signs for Fortech S.r.l., Italy’s leading provider of bespoke solutions for the fuel retail sector.
The stock is bouncing from a key support level. Not only this, but today’s gap up pop is taking us above a downtrend line and above the current lower high. Things look bullish.
Medicenna Therapeutics (MDNA.TO)
Market Cap ~ $133 million
Medicenna Therapeutics Corp., an immunotherapy company, engages in the development and commercialization of Superkines and empowered Superkines for the treatment of cancer and other diseases. It develops MDNA55, an interleukin- 4 (IL-4) EC for the treatment of recurrent glioblastoma, as well as for brain tumors. The company also develops MDNA11, an enhanced version of IL-2 to activate and proliferate the immune cells needed to fight cancer; MDNA209, an IL-2 antagonist for autoimmune diseases, such as multiple sclerosis and graft versus host disease; MDNA413, a dual IL-4/IL-13 antagonist to treat cancer immunotherapies; and MDNA132, an IL-13 Superkine for solid tumors.
The stock is up 27% on news of updated clinical results from the monotherapy dose escalation and ongoing expansion portions of the Phase 1/2 ABILITY-1 (A Beta-only IL-2 ImmunoTherapY) study evaluating MDNA11, a long-acting ‘beta-enhanced not-alpha’ interleukin-2 (IL-2) super-agonist, in patients with advanced solid tumors, at the 2024 Annual Meeting of the American Association for Cancer Research (AACR) held in San Diego, CA, on April 9th, 2024.
The uptrend remains intact with higher lows and higher highs. Watch for a close above recent highs to confirm the third higher low in this uptrend.
Cordoba Minerals (CDB.V)
Market Cap ~ $44 million
Cordoba Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties in Colombia and the United States. The company explores for copper, silver, and gold deposits. It primarily holds a 100% interest in the San Matias project with exploration licenses covering 146.62 square kilometers and has an additional 893.91 square kilometers of mining titles under application located in the municipality of Puerto Libertador, Department of Cordoba, Colombia.
Market structure is showing a shift. A new uptrend is beginning and the stock could trigger an inverse head and shoulders pattern. This will be confirmed if the stock can close above the $0.44 zone.
Palisades Goldcorp (PALI.V)
Market Cap ~ $122 million
Palisades Goldcorp Ltd., a resource investment company and merchant bank, focuses on investing in junior companies in the resource and mining sector.
The stock is up 20% on news that New Found Gold Corp., a significant equity investee of Palisades, has announced the results from 51 diamond drill holes that were completed as part of a drill program designed to expand and further define domains of high-grade gold mineralization at the K2 Zone at New Found’s 100%-owned Queensway project in Newfoundland and Labrador.
We have another inverse head and shoulders chart set up. Today’s close above $2.20 triggers this pattern, and a new uptrend.
NextSource Materials (NEXT.TO)
Market Cap ~ $128 million
NextSource Materials Inc. acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its flagship property is the 100% owned Molo graphite mine project located in the Southern Madagascar Region, Madagascar.
The stock is up 16% on news of progress with the development of its Battery Anode Facility (BAF) in the Freeport Zone of the port of Port-Louis, Mauritius.
Selling pressure has exhausted with the range that has developed. Watch for a close above $0.84 for a breakout confirmation and trend reversal.
Top 5 Losers
Treasury Metals (TML.TO)
Market Cap ~ $40 million
Treasury Metals Inc. operates as a gold exploration and development company in Canada. The company focuses on its 100%-owned Goliath Gold Complex, which includes the Goliath Project, Goldlund Project, and Miller Project.
The stock is down 12% on no news.
Some profits are being taken as the stock tests resistance. However, a higher low is possible given the breakout zone comes in at $0.18. Watch for a retest there.
Victoria Gold Corp (VGCX.TO)
Market Cap ~ $447 million
Victoria Gold Corp. acquires, explores, and operates mineral properties in Canada and the United States. The company primarily explores for gold deposits. Its flagship property is 100% owned Dublin Gulch property, which hosts the Eagle and Olive Gold deposit covering an area of approximately 555 square kilometers located in central Yukon, Canada.
The stock is down 11% on Eagle Gold Mine Q1 2024 operational highlights.
A gap down on operational highlights but the stock is testing some key support here at the $6.50 zone. You can see the neckline of the inverse head and shoulders here. Watch to see if buyers will step in here to continue the uptrend… especially given the price action in gold.
Bell Copper (BCU.V)
Market Cap ~ $10.6 million
Bell Copper Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and evaluation of mineral properties in North America. The company explores for copper and molybdenum deposits. It has interests in the Perseverance project that covers an area of approximately 14,100 acres; and the Big Sandy porphyry copper-molybdenum project that comprises approximately 5,733 acres of mineral tenures located in northwestern Arizona.
The stock is down 15% on no news.
The stock broke above the range with resistance at $0.08. We are seeing a pattern here with many stocks breaking out and today, pulling back to retest their breakout zones. Watch to see if buyers step in here.
AmmPower Corp (AMMP.CN)
Market Cap ~ $4.7 million
AmmPower Corp., a clean energy company, engages in the manufacturing and selling of green ammonia to farmers, and distributors and retailers of anhydrous ammonia used in fertilizer in Canada and the United States. It owns the Whabouchi South lithium exploration property located in the James Bay/Eeyou Istche region of Quebec.
The stock is down 33% on no news.
The stock has tried to reverse things but today’s price action is bearish. It looks like the stock will test the support once again at $0.02.
Honey Badger Silver (TUF.V)
Market Cap ~ $3.4 million
Honey Badger Silver Inc. acquires, explores for, and develops mineral properties in Canada. It primarily explores for silver, cobalt, gold, zinc, and lead deposits. The company’s Thunder Bay Silver project covering an area of 16,800 hectares located in Ontario. It also holds a 100% interest in the Clear Lake deposit that comprises 121 contiguous claims covering an area of approximately 2,479 hectares located in the Whitehorse Mining District of the Yukon; and Nanisivik project that comprises 3 claims covering an area of approximately 4,850 hectares located in Nunavut.
The stock is down 15% on no news.
The stock is contained within a broad range and the stock is seeing some sell off here. There is some support here at $0.08 which may see buyers given the price action on silver.
