Top 5 Gainers and Losers: NUR.CN, GMG.V, IMCX.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

Tribeca Resources (TRBC.V)

Market Cap ~ $27 million

Tribeca Resources Corporation operates as a copper exploration company that focuses on discovering and developing assets in the Coastal IOCG Belt of northern Chile. It holds a 100% interest in the La Higuera Iron Oxide Copper-Gold (IOCG) project consisting of 41 mineral exploitation and two exploration concession covering an area of 4,174 hectares located in Chile.

The stock is up 69% on no news.

A big move on the stock with large volume. From a technical perspective, the stock is testing a key resistance level at the $0.50 zone. A nice daily close confirmation above this level will be huge for the stock.

Interra Copper (IMCX.CN)

Market Cap ~ $4.1 million

Interra Copper Corp., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company holds interest in the Thane gold, copper, and silver property that covers an area of 50,904 acres located in Quesnel Terrane of northcentral British Columbia. In addition, it holds an option agreement to acquire interest in the Chuck Creek property that covers an area of 8,293 acres situated in central British Columbia.

The stock is up 70% on news of an update on the Rip Copper Project.

A move at record lows. The stock must close above the $0.20 zone to reclaim the broken support level. This will be the first step in reversing trends.

Lexston Mining (LEXT.CN)

Market Cap ~ $2.9 million

Lexston Mining Corporation operates as a mineral exploration company that focuses on the acquisition and development of mineral projects.

The stock is up 46% on news of a $400,000 private placement at $0.06 per unit.

The stock is showing market structure of a cup and handle reversal pattern. The trigger for bulls will be a close above $0.12. This could occur with the Company having funds from the financing to trigger a catalyst.

Salazar Resources (SRL.V)

Market Cap ~ $19 million

Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily explores for copper, zinc, lead, gold, and silver, as well as volcanogenic massive sulfide deposits. It holds a 100% interest in the Curipamba project that consists of seven concessions located in Ecuador. The company also holds interests in the Pijilí project that consists of five concessions covering an area of 3,254 hectares located in Azuay, Ecuador; the Macara project which includes Macara Mina concession covering an area of 288 hectares, and Bonanza mining concession which covers an area of 1,519 hectares; two concessions in the Rumiñahui project; a single concession covering 229 hectares in the Los Osos Project; and a single concession covering an area of 2,350 hectares in the Santiago Project.

The stock is up 31% on no news.

No news but a nice chart here. An inverse head and shoulders ready to trigger? Watch for a daily close above $0.09 to end the week to set up a bullish week ahead.

Nuran Wireless (NUR.CN)

Market Cap ~ $6.3 million

Nuran Wireless Inc., together with its subsidiaries, engages in the research, development, manufacture, marketing, and operation of digital electronic circuits and wireless telecommunication products in Canada, the United States, Europe, Africa, and internationally. The company’s products include GSM LiteCell, a GSM base station for rural and roadside coverages, low density villages, remote sites, developing countries/emerging markets, and private networks; OC-2G, a carrier-grade GSM base station; Litecell-xG, a 2G, 3G, and 4G multi-standard base station; Nexus Core Network, a 2G, 3G, and 4G soft core network for small to medium-sized operations, including regional and rural mobile, as well as enterprise private networks; and network as a service.

The stock is up 29% on news of entering into a US $5 million loan facility for the purpose of financing the construction of renewable energy assets for mobile network infrastructure in respect of existing and new Network as a Service (“NaaS”) agreements with the intention of accelerating the build of NaaS sites primarily in Cameroon and DRC.

A strong gap up to $0.175 resistance with sellers stepping in here. The stock needs a close above this level going forward. This is on track as long as the stock remains above $0.125.

Top 5 Losers

Cannabix Technologies (BLO.CN)

Market Cap ~ $51 million

Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for employers, law enforcement, workplaces, and laboratories in the United States. It develops tetrahydrocannabinol breath analyzers, a point of care breath testing tool for the rapid detection of recent cannabis use; MS breath sampler; and contactless alcohol breathalyzer, as well as breath collection units.

The stock is down 24% on no news. Yesterday, the Company announced that its breath Logix alcohol device has delivered positive impact to private monitoring agency in Montana.

Profit taking after multiple green days. Technically, the uptrend remains as long as the price is above $0.275. The stock has good news backing up the breakout so I expect buyers will enter on pullbacks.

Graphene Manufacturing (GMG.V)

Market Cap ~ $36 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 down 15% on news or a marketed unit offering. The Company will issue 4,762,000 Units at a price of $0.42 per Unit for aggregate gross proceeds to the Company of approximately $2,000,040.

The stock has been in a major downtrend and was testing the key support at $0.50. With today’s news on financing, we got a move bel0w this major psychological zone. Not looking too good.

Cerrado Gold (CERT.V)

Market Cap ~ $20 million

Cerrado Gold Inc. operates as a gold mining and exploration company in South America. The company primarily explores for gold and silver deposits. It owns 100% interests in the Minera Don Nicolas project covering an area of approximately 333,400 hectares located in Santa Cruz province, Argentina; Monte Do Carmo gold project that consists of 21 exploration permits covering an area of 82,541 hectares located in Tocantins, Brazil; and Minera Mariana, including the Las Calandrias and Los Cisnes projects located in Argentina.

The stock is down 14% on news of the possible late filing of its annual financial statements.

A drop down to the major support level at $0.16. The wick is showing that buyers are stepping in here. We are developing a range so watch for a break above $0.28 to turn bullish.

Guanajuato Silver (GSVR.V)

Market Cap ~ $68 million

Guanajuato Silver Company Ltd. engages in reactivating, mining, and producing precious metals in central Mexico. It produces silver and gold concentrates from the El Cubo Mine, Valenciana Mines Complex, and the San Ignacio mine located in the state of Guanajuato; and silver, gold, lead, and zinc concentrates from the Topia mine located in northwestern Durango.

The stock is down 13% on news of a LIFE financing at a price of C$0.20 per unit for minimum aggregate gross proceeds of C$6,000,000 and a maximum of up to C$8,625,000.

An inverse head and shoulders pattern triggered but with today’s news, the stock below the $0.20 neckline. A close below this zone would invalidate the reversal pattern.

Neotech Metals (NTMC.CN)

Market Cap ~ $17 million

Neotech Metals Corp. is a mineral exploration company dedicated to discovering and developing valuable mineral resources in promising regions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties.

The stock is down 8% on no news.