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
Sintana Energy (SEI.V)
Market Cap ~ $282 million
Sintana Energy Inc. engages in petroleum and natural gas exploration and development activities. It holds five onshore and offshore petroleum exploration licenses in Namibia, as well as in Colombia’s Magdalena Basin.
The stock is up 53% on news of information regarding the ongoing exploration campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as one of the world’s most prospective oil and gas regions.
The market loves this news. New all time record highs. $1.00 is the major resistance zone to watch as it is a psychological zone. A pullback to retest $0.60-$0.65 can occur before the stock continues this uptrend.
Adyton Resources (ADY.V)
Market Cap ~ $17 million
Adyton Resources Corporation focuses on the development of gold and copper resources in Papua New Guinea. The company’s flagship project is the Feni Gold project located in New Ireland.
The stock is up 29% on no news.
A very nice looking chart showing all three forms of market structure; downtrend, range and an uptrend. A major breakout has been confirmed above $0.08. There is some resistance around $0.12. Watch for higher lows to develop on pullbacks.
Galleon Gold (GGO.V)
Market Cap ~ $15 million
Galleon Gold Corp. engages in acquiring, exploring, and developing mineral properties in Canada and the United States. The company primarily explores for gold, silver, platinum group elements, copper, nickel, and associated base and precious metals. Its flagship project is the West Cache Gold project that consists of 265 cell mining claims, 11 patented mining claims, and two mining licenses of occupation covering an area of approximately 3,476 hectares located in west of Timmins, Ontario. In addition, the company holds interest in Neal Gold Project located in southeast of Boise, Idaho; Golden Harker located in Cochrane, Ontario; and Eastford Lake located in Ontario.
The stock is up 21% on no news.
An inverse head and shoulders was confirmed with a close above $0.14. Now, the new uptrend is looking for a higher low. We have a nice move above $0.20. Watch for strong continuation above $0.26.
Canterra Minerals (CTM.V)
Market Cap ~ $19 million
Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor. It also holds an option agreement to acquire a 100% interest in the East Alder gold project located in central Newfoundland.
The stock is up 18% on news of prospecting results from its Victoria Project, located in the central Newfoundland Mining District.
A basing pattern breakout? Watch for a close above $0.12 by the end of today’s trading day. Resistance comes in around $0.22.
JZR Gold (JZR.V)
Market Cap ~ $13 million
JZR Gold Inc., a junior mining resource company, engages in the exploration and development of mineral properties. Its flagship property is the Vila Nova gold development project located in Amapa, Brazil.
The stock is up 40% on no news.
Ideally, I would like to see a bit of a pullback here before forming a higher low and breaking out above $0.24. This would confirm an inverse head and shoulders pattern and the beginning of a new uptrend.
Top 5 Losers
Labrador Gold (LAB.V)
Market Cap ~ $28 million
Labrador Gold Corp. engages in the acquisition and exploration of gold properties in the Americas. It explores for copper and silver deposits. The company owns a 100% interest in the Borden Lake property that comprises 219 claims located in Chapleau, Ontario; and the Scotch property consists of 21 claims located near Sussex, New Brunswick. It also holds 100% interest in the Kingsway property consisting of 264 claims in three licenses covering approximately 77 square kilometers located near Gander, Newfoundland; and the Hopedale property that comprises 998 claims in five licenses covering an area of approximately 249 square kilometers located in Florence Lake greenstone belt.
The stock is down 17% on news of the sale of its Kingsway Project to New Found Gold.
The stock is correcting and is now retesting the new support zone which was resistance. Watch to see if buyers will step in here to continue the reversal uptrend.
Royal Helium (RHC.V)
Market Cap ~ $33 million
Royal Helium Ltd. engages in the exploration and development of helium properties in Canada. It holds approximately 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta.
The stock is down 17% on no news.
A major breakdown of support and the stock is continuing lower. The next support zone comes in at $0.08.
ESE Entertainment (ESE.V)
Market Cap ~ $8.9 million
ESE Entertainment Inc., an entertainment and technology company, focuses on gaming and esports in Europe and internationally. It operates through two segments, Digital Media and Entertainment, and Telecommunications and Call Center Services. The company operates its own ecommerce channels, esports teams, and gaming leagues. It also develops technology and data; builds bespoke simulators; and offers turnkey simulator packages. In addition, the company engages in the media and product infrastructure company that focuses on the video game industry, which creates and executes esports and gaming events, broadcasts, and media content.
The stock is down 21% on no news.
The stock did breakout last week but no momentum above $0.13. Now, the stock could be nullifying the breakout forming a false breakout which would lead to a move back down to $0.08.
Nevada Copper (NCU.TO)
Market Cap ~ $141 million
Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, gold, silver and iron magnetite ores. It holds 100% interests in the Pumpkin Hollow Copper property that consist of approximately 28.8 square-mile land patented claims located in Yerington, Nevada.
The stock is down 19% on news of a financing update.
A sell off on the news, but we have the structure of a cup and handle pattern. As long as $0.08 is held, this reversal pattern can trigger. Watch for a close above $0.135 to trigger this reversal pattern.
Viva Gold (VAU.V)
Market Cap ~ $14 million
Viva Gold Corp. engages in the acquisition, exploration, and development of precious metal properties in the United States. It holds 100% interest in the Tonopah gold project comprising 508 unpatented mineral claims covering an area of approximately 10, 200 acres located in the Walker Lane Trend in Western Nevada.
The stock is down 14% on no news.
Retesting a major support zone here around $0.12. There is a lot of support here including the large gap. Watch to see if buyers can defend and start a new trend from here.
