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May 28, 2024

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Top 5 Gainers and Losers: TMQ.TO, GLM.CN, AGMR.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

Golden Lake Exploration (GLM.CN)

Market Cap ~ $4.9 million

Golden Lake Exploration Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral property assets. It explores for gold, silver, lead, and copper deposits. Its flagship property holds a 100% interest in the Jewel Ridge project covering an area of 728 hectares located in the Eureka mining district, Nevada.

The stock is up 36% on news of a fully subscribed private placement.

CSE:GLM Chart Image by Uncharted-FX

The stock is breaking above a resistance zone and could be confirming a reversal pattern. Watch for a close above $0.07 and the Company will have some funds to initiate a positive catalyst.

 

Amarc Resources (AHR.V)

Market Cap ~ $33 million

Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It holds 100% interest in the IKE project covering an area of 462 square kilometers located in the Gold Bridge, south-central British Columbia; the DUKE project covering an area of 678 square kilometers located northeast of Smithers, central British Columbia; and the JOY project covering an area of 492 square kilometers located in the Toodoggone region of north-central British Columbia.

The stock is up 30% on no news. Yesterday, the Company announced a new JO porphyry copper-gold (Cu-Au) target, one of several new drill-ready targets discovered and delineated by the Company’s 2023 comprehensive exploration surveys across the prospective 722 km2 DUKE district.

TSXV_DLY:AHR Chart Image by Uncharted-FX

A very good looking chart. A nice breakout above recent highs confirming a higher low. The next resistance comes in at $0.17.

 

Sun Summit Minerals (SMN.V)

Market Cap ~ $11 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 19% on no news.

TSXV_DLY:SMN Chart Image by Uncharted-FX

This is setting up to be a runner! The stock recently closed above the resistance zone at $0.22. Yesterday saw the pullback retest, and today we are seeing the buyers step in on the retest. The next resistance comes in around $0.38.

 

Stallion Uranium (STUD.V)

Market Cap ~ $17 million

Stallion Uranium Corp. engages in the acquisition and exploration of mineral property assets in the United States and Canada. The company explores for uranium and gold deposits. It holds a 100% interest in the Horse Heaven project that includes 699 mining claims covering an area of 14,374 acres located in Valley County, Idaho. The company also holds an option to acquire a 100% interest in the Richmond Mountain property, which comprises 117 mining claims covering an area of 950 hectares situated on the prolific Battle Mountain-Eureka Trend, Nevada.

The stock is up 12% on news that it has encountered anomalous radioactivity in the second completed hole of the Company’s maiden drill program on its 100% owned Coffer Project in the prolific Southwestern Athabasca Basin.

TSXV_DLY:STUD Chart Image by Uncharted-FX

A nice pop, however the stock is trying to climb back above broken support. So far so good, but investors want to see a close above $0.125 by the end of the trading day. A close above $0.17 really gets this stock going.

 

Bear Creek Mining (BCM.V)

Market Cap ~ $89 million

Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, and gold deposits. The company holds 100% interest in Corani property that consists of various mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru; and holds 100% interest in Mercedes Gold Mine project consists of various mineral concessions covering an area of approximately 69,284 hectares located in Sonora, Mexico.

The stock is up 11% on news it produced 12,228 ounces of gold and 44,040 ounces of silver from the Mercedes Mine during the three months ended March 31, 2024.

TSXV_DLY:BCM Chart Image by Uncharted-FX

The stock broke out above the $0.25 zone confirming a breakout. Now, the first higher low is waiting to be formed. Today’s price action may spur a move above recent highs in upcoming days. Watch for this close above the $0.44 zone.

 

Top 5 Losers

Trilogy Metals (TMQ.TO)

Market Cap ~ $70 million

Trilogy Metals Inc., a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.

The stock is down 37% on news of an update on the Ambler Access Project. On April 16, 2024, the Alaska Industrial Development and Export Authority issued a press release in response to media reports indicating the Department of Interior plans to block access to the Ambler Mining District by issuing a “no action” decision.  

TSX_DLY:TMQ Chart Image by Uncharted-FX

The stock is gapping down hard on the news of the rejection of an access road. For the stock to reverse, we would want to see at least a move back above the $0.55 zone and the filling of the gap. However the fundamental news may be quite negative for the stock to regain technical levels so quickly.

 

Silver Mountain Resources (AGMR.V)

Market Cap ~ $27 million

Silver Mountain Resources Inc. engages in the acquisition, exploration, and development of mines and mineral deposits in Peru. The company primarily explores for silver. Its principal asset is the Castrovirreyna project located in the Huancavelica, Peru.

The stock is down 24% on news of a $7.5 million public offering.

TSXV_DLY:AGMR Chart Image by Uncharted-FX

A rejection at resistance around the $0.14 zone. Major support comes in at the $0.07 zone. The stock could find itself ranging until it gets a strong breakout.

 

HealWELL AI (AIDX.TO)

Market Cap ~ $124 million

Healwell AI Inc., a healthcare technology company, focuses on AI and data science for preventative care. It offers AI-enabled decision support platform for healthcare providers. Healwell AI Inc. has a strategic alliance agreement with WELL Health Technologies Corp to enhance the growth and development of AI-enabled healthcare technologies.

The stock is down 16% on news that its subsidiaries Khure Health Inc. and Pentavere Research Group Inc. will be presenting their breakthrough AI work at the following medical conferences in May 2024.

TSX_DLY:AIDX Chart Image by Uncharted-FX

An uptrend with higher lows and higher highs. A nice looking reversal pattern bottom too. The stock is pulling back and there is support to test around the $1.20 zone. Watch to see if buyers will jump in here to continue the uptrend.

 

Great Pacific Gold (GPAC.V)

Market Cap ~ $93 million

Great Pacific Gold Corp., a junior exploration company, engages in the acquisition and exploration of gold and copper deposits in Papua New Guinea and Australia. Its projects include the Arau Project which consists of two granted exploration licenses located in the Kainantu region, Eastern Highlands Province; and the Kesar Creek Project and Wild Dog Project located in Papua New Guinea.

The stock is down 15% on no news.

TSXV_DLY:GPAC Chart Image by Uncharted-FX

The breakout is seeing sellers jump in and is appears as if we will have a false breakout. Watch for the test of the $1.00 zone, a major psychological zone.

 

Dore Copper Mining (DCMC.V)

Market Cap ~ $13 million

Doré Copper Mining Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. The company primarily explores for copper and gold deposits. It holds 100% interest in the Corner Bay deposit, the Cedar Bay past producing mine, the Copper Rand past producing mine, the Joe Mann past producing mine, the Devlin deposit, the Copper Rand mill; and tailings management facility, and other deposits including Doré Ramp deposit and 50% of the Gwillim past producing mine.

The stock is down 13% on no news.

TSXV_DLY:DCMC Chart Image by Uncharted-FX

The stock is setting up a reversal pattern here at support but requires a close above $0.12 to trigger the breakout. Watch for the stock to remain above $0.095 otherwise it will continue to range.

 

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