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
Railtown AI Technologies (RAIL.CN)
Market Cap ~ $27 million
Railtown AI Technologies Inc. develops artificial intelligence (AI) based platform for software developers in Canada. It offers Railtown AI, an AI-driven platform that preforms a variety of functions comprising understanding the root cause of every issue at the earliest stage of the development pipeline, knowledge around the history of documentation, builds, deployments, assigned tasks, and engineering performance, as well as velocity to preforming tasks comprising automated progress reports, and ticket and documentation generation.
The stock is up 15% on no news.
A major breakout could be triggered with a daily close above $0.28 today. A lot of room to the upside if this triggers!
PlasCred Circular Innovation (PLAS.CN)
Market Cap ~ $11 million
PlasCred Circular Innovations Inc. engages in the recycling of plastic. It operates PlasCred process and PlasCred Primus.
The stock is up 9% on no news.
The stock continues its downtrend but signs of potential bottoming here with a range developing above $0.125. Watch for a break above $0.25 for a reversal pattern to trigger.
InnoCan Pharma (INNO.CN)
Market Cap ~ $83 million
InnoCan Pharma Corporation, a pharmaceutical technology company, focuses on the development of various drug delivery platforms combining cannabidiol (CBD) with other pharmaceutical ingredients in the United States, Canada, Europe, and internationally. The company operates in two segments, Pharmaceuticals and Consumer Wellness. It engages in the research and development of CBD loaded exosomes, as well as operates LPT CBD-loaded liposome platform that facilitates exact dosing and the prolonged and controlled release of CBD into the blood stream for epilepsy and pain management.
The stock is up 8% on no news.
The stock remains bouncing in its range. Watch for a close above the $0.33 zone to confirm the breakout and a move up to $0.40.
Hispania Resources (ESPN.V)
Market Cap ~ $8.4 million
Hispania Resources Inc., an exploration and development company, engages in acquisition, exploration, and development of properties in Spain. The company focuses on exploring zinc, copper, lead, and silver deposits. It holds 100% interest in the Herrerias Property comprising 299 contiguous mining blocks covering an area of 90 square kilometers located in east-southeast of Badajoz, Spain.
The stock is up 11% on no news.
The stock is also contained within a range. It has been since 2023. A close above $0.20 gets the stock moving with a breakout trigger.
Bayhorse Silver (BHS.V)
Market Cap ~ $29 million
Bayhorse Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties. It explores for silver, gold, zinc, copper, antimony, lead, and other metals. The company holds a 100% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon. It also entered into an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia.
The stock is up 16% on no news.
A breakout and a gap up as silver rises. The next resistance comes in around the $0.14 zone.
Top 5 Losers
American Aires (WIFI.CN)
Market Cap ~ $53 million
American Aires Inc., a nanotechnology company, engages in the research, development, and implementation of innovative technology solutions that restructure and transform electromagnetic field haze into biologically-compatible form in Canada and internationally. Its products include the Lifetune One, a device specific solution that sticks directly onto electronic devices, offering immediate protection against harmful electromagnetic radiation solution for use with devices such as phones, tablets, and laptops; and the Lifetune Flex, a versatile electromagnetic fields (EMF) protection solution for constant coverage from electromagnetic radiation.
The stock is down 20% on news of a $3 million private placement at a price of $0.95 per share.
A gapdown as the stock adjusts to the private placement price. This is a huge support zone for the stock. A candle close below $0.95 would lead to a breakdown.
Timberline Resources (TBR.V)
Market Cap ~ $26 million
Timberline Resources Corporation explores, evaluates, acquires, and develops mineral properties in the United States. It primarily explores for gold, silver, and copper deposits. The company’s flagship property is the Eureka project, which covers an area of approximately 18,464 acres located in the southern part of the Eureka mining district, Nevada. It also holds interest in the Paiute project covering an area of approximately 1,346 acres located in the Battle Mountain mining district, Lander and Humboldt Counties, Nevada; Seven Troughs project covers 3900 acres in Lovelock in Pershing County, Nevada; and acquires Wolfpack Gold properties.
The stock is down 9% on no news.
The stock did confirm a daily close higher a few days ago but with no momentum higher. See if the stock can hold above the higher low level at $0.135.
Standard Uranium (STND.V)
Market Cap ~ $8.7 million
Standard Uranium Ltd., a junior exploration company, explores, acquires, evaluates, and develops uranium properties in Canada. Its flagship property is the Davidson River Project, containing 10 contiguous mineral dispositions covering an area of approximately 30,737 hectares located in the southwest part of the Athabasca Basin, Saskatchewan. The company also holds interests in Atlantic, Canary, Ascent, Corvo, and Rocas Projects, comprising twenty-three mineral claims covering an area of approximately 29,520 hectares located in the eastern Athabasca Basin, Saskatchewan. In addition, it holds 100% interests in the Cable Bay SW project, consisting of two mineral claims covering an area of 3,158 hectares; the Ox Lake project, consisting of one mineral claim covering an area of 397.5 hectares; and the Brown Lake project, consisting of one mineral claim covering an area of 312 hectares, located in Athabasca Basin region, northern Saskatchewan.
The stock is down 9% on no news. Yesterday, the Company announced it began its inaugural drill program at the Canary Project.
A breakdown below support at $0.22 and the stock did retest the support now turned resistance zone. Typical breakdown and retest price action with the stock heading lower. There is some interim support around $0.14.
Basin Uranium (NCLR.CN)
Market Cap ~ $8 million
Basin Uranium Corp., a junior exploration company, engages in the mineral exploration and development activities in Canada and the United States. It explores for uranium and gold ores. The company holds 100% interest in the Wray Mesa project covering 6,282 acres and located in the San Juan County, Utah. It also holds options to acquire 75% of the Mann Lake Uranium project covering 8,582 acres and located in the eastern Athabasca Basin in northern Saskatchewan; 90% interest in the Chord project covering approximately 3,037 acres and located in Fall River County, South Dakota; and 60% interest in the CHG project covering 3,606 hectares and located in British Columbia.
The stock is down 6% on news of announcing its maiden mineral resource estimate at its Chord Uranium Project.
A big move down after a breakout. It looks like profits are being taken. The stock is pulling back to retest the major breakout zone around $0.45. Watch to see if buyers will step in here.
The Cannabist Company (CBST.NE)
Market Cap ~ $174 million
The Cannabist Company Holdings Inc. engages in the cultivation, development, production, home delivery, and dispensary of cannabis products in the United States and internationally. The company provides flower, concentrates, edibles, and/or accesories, and medicinal cannabinoid capsules and tablets, as well as confections, chocolate, drink mixes, condiments, kief, shatter, and wax/crumble, under the Seed & Strain, Classix, and Triple Seven brand names.
The stock is down 8% on news of Q1 2024 results.
Another stock with a failed breakout with the stock gaining no momentum with the break above $0.50. The close below $0.50 confirmed a false breakdown. Some support comes in at $0.345, with major support coming in at $0.30.
