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May 23, 2024

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Top 5 Gainers and Losers: KASH.CN, QIMC.CN, TGH.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

Tornado Global Hydrovacs (TGH.V)

Market Cap ~ $87 million

Tornado Global Hydrovacs Ltd., through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks in North America and China. It serves excavation service providers in the oil and gas sectors.

The stock is up 25% on news of audited consolidated financial results for the year ended December 31, 2023.

TSXV_DLY:TGH Chart Image by Uncharted-FX

Major breakout on the earnings report. Now, can the stock force a close above record highs to print new all time record highs? I like this above $0.56. A pullback can occur before attempting another all time high breakout run.

 

Quebec Innovative Materials (QIMC.CN)

Market Cap ~ $1.9 million

Quebec Innovative Materials Corp. engages in the acquisition and exploration of mineral resource properties. The company holds 100% interests in Charlevoix silica property covering an area of 923 hectares located in Clermont, Quebec. It also entered into property acquisition agreement to acquire the Roncevaux property consists of 27 designated claims covering approximately 1,551 hectares located in the Matapedia region, Gaspé; and the Martinville property, which comprises 36 designated claims covering 2,179 hectares located in the Eastern Township, Montreal.

The stock is up 25% on news of an effort to develop marketable initiatives in the fields of clean and renewable energy, the Company is pleased to present a strategic development of its St. Lawrence Hydrogen Project in Quebec.

CSE:QIMC Chart Image by Uncharted-FX

A potential reversal in play on the back of today’s news? Watch for a confirmed daily close above the $0.04 zone in upcoming days.

 

Hapbee Technologies (HAPB.V)

Market Cap ~ $13 million

Hapbee Technologies, Inc., a digital wellness technology company, develops, markets, and sells wearable wellness devices that delivers ultra-low radio frequency energy signals to produce mood-altering effects. Its products include Hapbee Neckband and Hapbee Smart Sleep Pad designed to produce sensations, such as happy, alert, relax, calm, sleep, and focus.

The stock is up 22% on no news.

TSXV_DLY:HAPB Chart Image by Uncharted-FX

There is something exciting to work with here. The stock could be starting a new uptrend with its first higher low about to be confirmed. Watch for a close above the $0.12 zone to confirm this and the beginning of a new uptrend.

 

Graphene Manufacturing Group (GMG.V)

Market Cap ~ $49 million

Graphene Manufacturing Group Ltd, a clean-technology, manufactures and supplies graphene powder. The company engages in the manufacture and sale of energy saving and energy storage solutions. Its products portfolio includes graphene aluminium-ion battery; THERMAL-XR, an HVAC coating system that enhance the conductivity of corroded heat exchange surfaces and maintain the performance of units; and G LUBRICANT, a graphene and lubricating oil.

The stock is up 20% on no news.

TSXV_DLY:GMG Chart Image by Uncharted-FX

The stock is in a strong downtrend but has seen a pop at the major psychological support zone at $0.50. For a reversal though, there is a lot of work to be done. The stock needs to close above $0.75 to take out the current lower high.

 

Intellabridge Technology (KASH.CN)

Market Cap ~ $14 million

Intellabridge Technology Corp., technology-based company provides financial solutions in the United States of America and internationally. It offers KarmaCard, a debit card with integrated cashback and donation solutions; Kash, a decentralized data and aggregation application; ChargaCard, a P2P payment processing platform for the informal credit markets; and BitDropGo, an augmented reality advertising platform.

The stock is up 18% on news of the launch of its iOS application. The app, which is now available for download on the Apple App Store, enables users to support global causes through everyday banking.

CSE:KASH Chart Image by Uncharted-FX

News is out but will it be enough to fill in the gap? The stock needs to close above $0.375 to fill this gap and reverse trends.

 

Top 5 Losers

Volcanic Gold (VG.V)

Market Cap ~ $9.8 million

Volcanic Gold Mines Inc. engages in the acquisition and exploration of resource properties. The company explores for gold and silver deposits. It holds an option to earn a 60% interest in Holly and Banderas gold-silver properties located in Guatemala.

The stock is down 14% on no news.

TSXV_DLY:VG Chart Image by Uncharted-FX

The stock looked like it was ready to continue higher with a breakout above $0.30 a few weeks ago. That breakout accounted for nothing and the stock remains in its range.

 

Dryden Gold (DRY.V)

Market Cap ~ $12 million

Dryden Gold Corp. is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX Venture Exchange (“DRY”) and traded on the OTC Pink Sheets under the symbol DRYGF. The Company has a strong management team and Board of Directors comprised of experienced individuals with a track record of building shareholder value through property acquisition and consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls a 100% interest in a dominant strategic land position in the Dryden District of Northwestern Ontario.

The stock is down 12% on news that it has intersected 3.17 g/t Gold over 4 metres. 

TSXV_DLY:DRY Chart Image by Uncharted-FX

It looked like the stock would find support at $0.14 to keep the double bottom pattern intact. This has not happened, and the stock is likely to instead find support near record lows at $0.10.

 

Vizsla Copper (VCU.V)

Market Cap ~ $11 million

Vizsla Copper Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in Western Canada. It primarily explores for copper, gold, and molybdenum. The company holds a 100% interest in the Redgold copper-gold project that consists of 58 mineral claims covering an area of 8,278 hectares located in south-central British Columbia; and Copperview copper-gold project, which consists of 40 claims covering an area of 37,466 hectares located in south-central British Columbia. It also holds an 100% interest of four exploration projects consisting of the Woodjam project, the Megaton project, the Magalloy project, and the Rand project. In addition, the company holds a 100% interest in the Blueberry project, as well as a 60% interest in the Carruthers Pass project.

The stock is down 12% on no news.

TSXV_DLY:VCU Chart Image by Uncharted-FX

I spot an inverse head and shoulders pattern here. The neckline comes in at $0.12. This is where the stock is selling off. Watch for a strong close above this level to initiate a new uptrend.

 

Valeo Pharma (VPH.TO)

Market Cap ~ $7.4 million

Valeo Pharma Inc., a specialty pharmaceutical company, engages in the acquisition, in-licensing brands, and sale of pharmaceuticals and hospital specialty products for unmet medical needs in Canada. Its product portfolio includes Enerzair Breezhaler, a LABA/LAMA/ICS fixed triple dose asthma drug; Atectura Breezhaler, a LABA/ICS dual combination asthma drug; Redesca, to treat and prevent deep vein thrombosis and pulmonary embolism; Onstryv, for the treatment of Idiopathic Parkinson’s disease; M-Eslon, extended-release morphine sulphate used for pain management; and Yondelis, a soft tissue sarcoma. It also offers Hesperco, a flavonoid formulation used for immune support; Ethacrynate Sodium; and Amikacin, an antibiotic. In addition, the company provides Ametop Gel 4% for skin anesthesia prior to injection or cannulation; Sabizabulin, an antiviral and anti-inflammatory agent for the treatment of hospitalized moderate-severe COVID-19 patients at high risk for acute respiratory distress syndrome (ARDS) and death; Simbrinza, ophthalmic drops to treat openangle glaucoma or ocular hypertension; Xiidra, a prescription based eye-drop to treat dry eye disease; and Allerject, a portable voice-activated epinephrine injector for emergency treatment of serious allergic reactions.

The stock is down 28% on no news.

TSX_DLY:VPH Chart Image by Uncharted-FX

New all time record lows for the stock. The stock will need to climb back above $0.125 to show signs of a reversal. Watch for a range to indicate selling exhaustion.

 

Century Lithium (LCE.V)

Market Cap ~ $101 million

Century Lithium Corp. engages in the acquisition, exploration, evaluation, and development of resource properties in the United States. It primarily explores for lithium. The company holds 100% interests in Clayton Valley project located in southwest Nevada; Dean lithium property in Clayton Valley, Nevada; Glory lithium property in Clayton Valley; and Gunman Project, White Pine Claims, Nevada, as well as interest in Enertopia Project.

The stock is down 10% on no news.

TSXV_DLY:LCE Chart Image by Uncharted-FX

The stock has bounced significantly from lows. It did form a higher low which is a bullish sign, however, price has not continued after breaking out. Now, we are developing a head and shoulders looking pattern here. Watch for the stock to remain above $0.60 to continue upside momentum.

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