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
Sanu Gold (SANU.CN)
Market Cap ~ $16 million
Sanu Gold Corp. engages in the acquisition, exploration, and development of gold projects in Guinea, West Africa. Its flagship project is the Banta Baye property, which covers a total surface area of 99.9 square kilometers located northwest of the Kouroussa township of Guinea.
The stock is up 64% on news that drilling has begun at the Company’s flagship Bantabaye Project.
We have a very interesting market structure pattern here. The stock is showing the skeleton of a cup and handle pattern and we are testing the resistance neckline. Watch for a close above $0.115 to confirm the breakout.
Omineca Mining and Metals (OMM.V)
Market Cap ~ $23 million
Omineca Mining and Metals Ltd., a junior resource company, explores for and develops mineral resources in Canada. Its flagship project is the Wingdam gold project covering an area of 50,000 hectares located in the prolific Barkerville gold camp in central British Columbia.
The stock is up 23% on no news.
The stock is moving higher and has started forming higher lows and higher highs. Watch for a close above $0.15 to trigger more upside. The stock remains in an uptrend as long as the price is above $0.085.
Nevada Copper (NCU.TO)
Market Cap ~ $175 million
Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, iron magnetite, gold, and silver ores. It holds 100% interests in the Pumpkin Hollow property that consist of approximately 24,300 acres of contiguous mineral rights located in northwestern Nevada, the United States.
The stock is up 13% on no news.
With copper prices rising, this stock looks like it wants to join the party. This is the type of set up I like. We have a major downtrend and now the stock is looking to reverse. We have a cup and handle reversal pattern forming and the stock needs to close above $0.13 to confirm the breakout.
Libero Copper (LBC.V)
Market Cap ~ $9.6 million
Libero Copper & Gold Corporation engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, Argentina, and Colombia. It explores for copper and gold deposits. The company owns 100% interest in the Mocoa porphyry copper-molybdenum deposit located in the Eastern Cordillera of Colombia. It also has an option to acquire a 100% interest in the Big Red porphyry copper-gold property comprising 20 contiguous claims covering an area of 26,000 hectares in northwestern British Columbia; and a 70% interest in the Esperanza Porphyry gold-copper project located in San Juan, Argentina.
The stock is up 12% on no news.
The stock is testing a key support level after a breakout. Buyers are stepping in however the stock has ranged here on the retest for some time. Not the best sign of bullish momentum but the stock is still holding support. Watch for a close above $0.65.
Sendero Resources (SEND.V)
Market Cap ~ $13 million
Sendero Resources Corp., through its subsidiary, operates as an exploration company in Argentina. It primarily explores for copper and gold. The company holds a 100% interest in the Peñas Negras project, it exhibits close geological similarities to neighboring deposits covering an area of 120 square kilometers located in Vicuna district of Argentina.
The stock is up 11% on no news.
Major support is being tested and the stock is bouncing. Interesting one for reversal traders. At support and we could be forming a larger base here. Watch for a close above $0.22 for a breakout.
Top 5 Losers
GoviEx Uranium (GXU.V)
Market Cap ~ $85 million
GoviEx Uranium Inc., a mineral resources company, engages in the acquisition, exploration, and development of uranium properties in Africa. The company’s principal asset is the Madaouela project which holds 80% interest located in north-central Niger. It also owns 100% interest in the Muntanga project that consists of 3 mining licenses situated to the south of Lusaka, Zambia; and the Falea project, which consists of three exploration licenses located in Mali.
The stock is down 16% on news the Company is currently in discussions with the Government of the Republic of Niger regarding the commencement of its mining operations. The Company has received notice that it must commence mining at its Madaouela uranium project by 3 July 2024, failing which there is a risk of revocation of its mining permit.
The stock is gapping down and is breaking down below support. The stock will need to confirm a daily close above $0.105 to prevent a breakdown and a subsequent move to $0.08. However, there is work to be down with the gap down.
South Pacific Metals (SPMC.V)
Market Cap ~ $7 million
South Pacific Metals Corp. operates as a gold mining company in Papua New Guinea. It also explores for copper and precious metals. The company’s property portfolio includes the May River and the Kili Teke projects, as well as the SPMC North and South projects located in the Kainantu region, Papua New Guinea.
The stock is down 27% on no news. Yesterday, the Company announced t has closed its previously announced private placement financing of C$1,500,000 at a price of C$0.20 per share.
The stock rejected the $0.50 zone. There is some support around $0.25, but the stock remains in a range here, just awaiting a breakout.
Reyna Silver (RSLV.V)
Market Cap ~ $24 million
Reyna Silver Corp. operates as a silver exploration company in Mexico and the United States. The company explores in silver and gold properties. Its flagship property includes 100% owned Guigui Property, which consists of 7 concessions covering an area of 4,553.7034 hectares located in Chihuahua, Mexico.
The stock is down 15% on no news. Yesterday, the Company announced a private placement of up to 6,250,000 units of the Company at a price of $0.16 per Unit for gross proceeds of up to $1,000,000.
A gap down here which is unfortunate as the stock recently broke out. However, the stock can still form a higher low here. It must remain above the $0.14 zone.
Kobo Resources (KRI.V)
Market Cap ~ $25 million
Kobo Resources Inc., a junior exploration and mining development company that acquires, explores, and develops gold property assets in Côte d’Ivoire. It holds an 100% interest in the Kossou gold project that covers 147.365 square kilometers located in the Yamoussoukro, Côte d’Ivoire; and the Bongouanou area project, which covers 301.75 square kilometers located in the Birimian Dimbokro-Abengourou belt.
The stock is down 16% on no news.
Not much to say on this chart. The range is apparent and the stock is likely to head lower to retest the support around $0.25.
BonTerra Resources (BTR.V)
Market Cap ~ $32 million
Bonterra Resources Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores primarily for gold and silver deposits. The company’s primary projects include the Gladiator, Moroy, and Barry deposits.
The stock is down 13% on no news. Yesterday, the Company announced a “best efforts” private placement of up to 16,000,000 units of the Company at a price of $0.25 per Unit for aggregate gross proceeds of up to $4,000,000.
A uptrend is intact with higher lows and higher highs. The stock is now testing a major and key support level here around $0.24. See if bulls will be able to step in here to continue the upwards momentum.
