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May 24, 2024

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Top 5 Gainers and Losers: NUMI.TO, FOBI.V, IDK.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

ThreeD Capital (IDK.CN)

Market Cap ~ $23 million

ThreeD Capital Inc. is a venture capital firm specializing in seed/startup, early venture, and growth capital opportunistic investments. The firm seeks to invest in industrials, health care, information technology; software, biotechnology; renewable technology, AI/Machine learning, blockchain, nanotechnology, electric vehicles, internet of things, electronic sports, junior resources with an emphasis on the precious-metal and battery-metal sectors; artificial intelligence with a focus on disruptive data science technologies, machine learning, and neuro networks; and blockchain sectors with a focus on blockchain assets.

The stock is up 14% on news that the Company has entered into a proposed Securities Purchase Agreement with Lophos Holdings Inc. Under the terms of the Agreement, Lophos will issue and sell 2,125,000 common shares and 2,125,000 common share purchase warrants to ThreeD at a price of $0.06 per Purchased Lophos Unit. In consideration, ThreeD will issue 150,000 common shares of the Company at a deemed price of $0.85 per common share.

CSE:IDK Chart Image by Uncharted-FX

The stock is testing a key support zone after giving up its gains from a breakout. Watch to see if buyers will step in here. A close back above $0.50 would be bullish.

 

Cybeats Technologies (CYBT.CN)

Market Cap ~ $31 million

Cybeats Technologies Corp., a cybersecurity company, offers built-in security solutions for software and IoT devices in Canada. It provides SBOM Studio to manage the lifecycle of software bill of materials; and RDSP IoT Security, an integrated security platform for connected devices.

The stock is up 67% on news for its SBOM Studio product with one of the largest European telecom providers with a $30 billion market cap.

CSE:CYBT Chart Image by Uncharted-FX

The stock has been ranging around all time lows after a major downtrend. Things could be turning with a breakout above $0.25 with this news acting as a catalyst. A new uptrend about to begin? Watch for a confirmed close above $0.25.

 

Ambari Brands (AMB.CN)

Market Cap ~ $8.8 million

Ambari Brands Inc., a skincare and consumer packaged goods company, develops and sells skincare products in the United States and internationally. The company offers Gold Profection22 masks, PM Active12 serums, Complex4 Hydrator creams, and AM Active10 essence products. It sells its products directly to consumers, luxury retailers, distributors, and wholesalers through e-commerce platform, select luxury retailers, and international distributors.

The stock is up 29% on no news.

CSE:AMB Chart Image by Uncharted-FX

Reversal watch. The stock is testing resistance at $0.175. Watch for a strong daily candle close above this level at the end of the day.

 

Green Bridge Metals (GRBM.CN)

Market Cap ~ $9.6 million

Green Bridge Metals Corporation engages in the acquisition and exploration of mineral properties in Canada. The company explores in copper, nickel, titanium, and platinum group element in the city of Duluth, Minnesota. It has an option to acquire a 100% interest in the Chrome-Puddy Property and the Danby Triangle Property located in Thunder Bay, Ontario.

The stock is up 20% on no news.

CSE:GRBM Chart Image by Uncharted-FX

The stock is in new uptrend mode. After breaking above resistance at $0.12, the stock began a new trend. A pullback to retest the breakout zone is possible. But bulls should watch for higher lows.

 

Gensource Potash (GSP.V)

Market Cap ~ $61 million

Gensource Potash Corporation, together with its subsidiaries, operates as a fertilizer development company in Canada. The company focuses on potash development activities. It holds various interests in the Tugaske Project located in Saskatchewan; and Vanguard Area, as well as the Lazlo projects located in central Saskatchewan.

The stock is up 17% on no news.

TSXV_DLY:GSP Chart Image by Uncharted-FX

A major pop with the stock now testing a key resistance zone here at $0.15. The higher low comes in at $0.09. The stock could pullback before breaking out. As long as the higher low holds, the uptrend remains intact.

 

Top 5 Losers

Spectra7 Microsystems (SEV.V)

Market Cap ~ $5.3 million

Spectra7 Microsystems Inc. operates as an analog semiconductor company in Canada and China. The company offers virtual reality (VR) products, including VR7050 to enable lightweight and ultra-thin active interconnects for gesture recognition and motion control backhaul; augmented reality (AR) -Connect, an integrated cable, connector, and embedded chipset product line for AR vision systems and wearable computing devices; and DreamWeVR, includes VR8181, VR8050, VR8200 and VR8300 chips to support high-bandwidth, near-zero latency VR head-mounted displays, and AR glasses. It also provides GaugeChanger that allows copper to extend much longer lengths without the cost and power penalty of optics that are used in data centers; and USB 3.2 consumer interconnects for use in ultra-thin laptops, tablets, mobile devices, solid-state disks, and wearable computing devices.

The stock is down 77% on news of preliminary 2024 Q1 revenue and a liquidity update.

TSXV_DLY:SEV Chart Image by Uncharted-FX

Bearish. A major red drop down and the stock is sinking into new all time record lows. The stock will need to reclaim $0.30 to begin to turn things around.

 

Numinus Wellness (NUMI.TO)

Market Cap ~ $20 million

Numinus Wellness Inc. provides psychedelic-assisted psychotherapy products and services in Canada and the United States. The company operates through Clinical Research Operations, Canadian Clinic Network, and U.S Clinic Network segments. The Clinical Research Operations segment offers clinical research management services to academic institutions and biotechnology companies. The Canadian Clinic Network segment provides clinical services, including traditional therapy and counseling, ketamine-assisted therapies for depression, psychedelic-assisted therapies, mindfulness programs, and virtual psychotherapy services, as well as neurological care services. The US clinic network segment offers psychedelic-assisted therapies, transcranial magnetic stimulation, and psychiatric and medical model management services.

The stock is down 20% on news of a corporate update. 

TSX_DLY:NUMI Chart Image by Uncharted-FX

A gap down into new all time record lows. Ouch. The stock will need to climb back above the $0.10 to regain broken support… and to fill the gap.

 

Usha Resources (USHA.V)

Market Cap ~ $6.2 million

Usha Resources Ltd., a mineral acquisition and exploration company, focuses on the development of battery and precious metal properties. Its portfolio of properties consist of Jackpot Lake, a lithium project in Nevada; White Willow, a lithium project in Ontario; and Lost Basin, a gold-copper project in Arizona.

The stock is down 16% on no news. 

TSXV_DLY:USHA Chart Image by Uncharted-FX

A bullish market structure with the breakout and successful retest at $0.09. The stock is correcting but as long as price remains above $0.09, the uptrend can continue.

 

Lithium South Developments (LIS.V)

Market Cap ~ $42 million

Lithium South Development Corporation, an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties in Argentina. Its flagship property is the Hombre Muerto North lithium brine project covering approximately 5,687 hectares in nine mining concessions located in Salta Province, Argentina.

The stock is down 15% on no news.

TSXV_DLY:LIS Chart Image by Uncharted-FX

The stock has been making higher lows and higher highs but has now sunk after breaking below the $0.50 zone. A confirmed end of day close below this zone would see a close below the current higher low.

 

Fobi AI (FOBI.V)

Market Cap ~ $14 million

Fobi AI Inc., together with its subsidiaries, operates as a technology and data intelligence company in North America and Europe. It provides software as a service; consulting and development services; and resells, refers, and licenses its products. The company also offers mobile wallet solutions, digital coupons, and customer insights solutions. It serves various industries, including the hospitality and tourism industries.

The stock is down 13% on news it has signed a two-year agreement with Thunderbird Show Park for the 2024 and 2025 show seasons. Throughout the multi-year agreement, Fobi will provide digital credentials for tbird show attendees, exhibitors, VIPs, and sponsors, along with a newly enhanced digital ticketing platform to support the sale of online event ticket purchases.

TSXV_DLY:FOBI Chart Image by Uncharted-FX

The stock is right at support. A close below $0.07 would trigger a breakdown. This is an area where bulls will want to defend.

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