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July 24, 2024

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Top 5 Gainers and Losers: BB.TO, CUU.V, KC.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

Copper Fox Metals (CUU.V)

Market Cap ~ $274 million

Copper Fox Metals Inc. engages in the exploration and development of copper mineral properties in Canada and the United States. The company holds interest in the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. It also holds interest in the Eaglehead porphyry copper project located in the Liard Mining District of British Columbia; Van Dyke, an advanced stage in-situ copper recovery project located in the Globe-Miami Mining District, Arizona; Sombrero Butte project located in the northeast of Tucson, Arizona; and Mineral Mountain copper project, which is located in Florence, Arizona.

The stock is up 59% on no news.

TSXV_DLY:CUU Chart Image by Uncharted-FX

Copper stocks are running with copper breaking out on Druckenmiller’s comments about everyone’s favorite base metal. $0.50 is being tested as resistance. The next resistance comes in around $0.65.

 

Kutcho Copper (KC.V)

Market Cap ~ $35 million

Kutcho Copper Corp., a resource development company, engages in the acquisition and exploration of resource properties in Canada. It holds a 100% interest in the Kutcho copper-zinc-gold-silver project that consists of one mining lease and 72 mineral exploration claims covering an area of approximately 30,124 hectares located in northern British Columbia.

The stock is up 32% on no news.

TSXV_DLY:KC Chart Image by Uncharted-FX

Very nice looking bottoming chart. The first higher low is set to be confirmed with today’s close. The next resistance comes in around the $0.32 zone.

 

BlackBerry (BB.TO)

Market Cap ~ $2.93 billion

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE™, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.

The stock is up 17% on no news.

TSX_DLY:BB Chart Image by Uncharted-FX

The meme stocks are back! Raging Kitty is back! Yes, Gamestop and AMC stock are seeing most of the action, but BlackBerry was part of the meme stocks that the ‘apes’ were buying. It looks like they are back. We have a strong close above $4.40 and this would confirm a breakout if we get a strong close by the end of the day. This stock could see a monster rally as we know a certain group of buyers are back.

 

NTG Clarity Networks (NCI.V)

Market Cap ~ $20 million

NTG Clarity Networks Inc. provides telecommunications engineering, information technology, networking, and related software solutions worldwide. Its products include NTGapps, that designs to simplify the telecom digital transformation by providing digital application template; StageEM, an enterprise solution that covers project portfolio management, demand and capacity, analytic and dashboard, and decision-making using real-time data; Workflow Management solution, which enable organization to design, deploy, execute, monitor, and analyze their business process; Network Inventory Management solution that covers network, service, and resource for organization; and Partner Relationship Management solution, which covers the value chain of partnership and enable vendor to manage their strategic partner.

The stock is up 15% on no news.

TSXV_DLY:NCI Chart Image by Uncharted-FX

The stock looked like it wanted to pullback, with even a head and shoulders like pattern forming. Instead, we shoot upwards. A close above $0.46 is setting us up to retest recent highs.

 

Pinnacle Silver and Gold (PINN.V)

Market Cap ~ $2.5 million

Pinnacle Silver and Gold Corp., an exploration stage company, engages in the identification, acquisition, exploration, and development of precious and base metal projects in the Americas. It explores for gold and silver ores. The company holds a 100% interest North Birch project that covers an area of 3,850 hectares located in northwestern Ontario; and the Argosy gold mine located in the Red Lake Mining division of northwestern Ontario.

The stock is up 62% on no news.

TSXV_DLY:PINN Chart Image by Uncharted-FX

One to watch! The stock is breaking out above $0.07. A large gap to fill, but after months of basing, the stock could finally be ready to attract buyers.

 

Top 5 Losers

Champion Electric Metals (LTHM.CN)

Market Cap ~ $11 million

Champion Electric Metals Inc., a discovery-focused exploration company, engages in the acquisition and exploration of natural resources in Canada and the United States. It explores for lithium and cobalt deposits. The company holds a 100% interest in the Champion Electric lithium project that comprises of 980 claims covering an area of approximately 500.66 square kilometers located in Quebec, Canada. It also holds interest in the Idaho cobalt project that owns 622 claims covering an area of approximately 6,871 hectares located in northern Idaho.

The stock is down 25% on news of first lithium drill intersections from its property in James Bay, Quebec.

CSE:LTHM Chart Image by Uncharted-FX

The stock is held within a range, and the downside of the range is about to be tested. Support comes in at $0.04 where buyers are expected to hold the range.

 

Fennec Pharmaceuticals (FRX.TO)

Market Cap ~ $276 million

Fennec Pharmaceuticals Inc. operates as a biopharmaceutical company in the United States. The company’s product candidate includes PEDMARK, a formulation of sodium thiosulfate for the prevention of platinum-induced ototoxicity in pediatric cancer patients. It sells its products through regional pediatric oncology specialists and medical science liaisons.

The stock is down 24% on news of Q1 2024 financial results.

TSX_DLY:FRX Chart Image by Uncharted-FX

A large drop down to the $9.00 zone. Buyers are stepping in at this support zone as can be seen with the large wick being formed on the daily candle.

 

Troilus Gold (TLG.TO)

Market Cap ~ $155 million

Troilus Gold Corp. operates as a mineral exploration company in Canada. The company primarily explores for gold and copper. It holds 100% interest in the Troilus project located in Frotêt-Evans Greenstone Belt in Quebec.

The stock is down 15% on news of its feasibility study for the Troilus Project.

TSX_DLY:TLG Chart Image by Uncharted-FX

The uptrend is in danger of being broken. The higher low at $0.50 is being tested. A close below this zone, and we can say the uptrend is officially over.

 

Serabi Gold (SBI.TO)

Market Cap ~ $77 million

Serabi Gold plc engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil. The company explores for and produces gold and copper deposits. It primarily holds 100% interests in the Palito mining complex covering an area of approximately 56,631 hectares; and the Coringa Gold Project located in the Tapajos region of northern Brazil.

The stock is down 12% on news of the announcing of an annual general meeting.

TSX_DLY:SBI Chart Image by Uncharted-FX

Is the stock ready to roll over? The major psychological $1.00 zone is being tested. A close below would trigger a breakdown.

 

UniDoc Health (UDOC.CN)

Market Cap ~ $14 million

Unidoc Health Corp. operates as a healthcare services company in Canada. It offers Virtual eHealth Clinics, which connects patients in urban, rural, and remote locations with medical care. The company’s solutions include kiosks and self-test centers, remote lab testers, self-check in and testing with AI powered assistant, automatic pharma dispensing machines, and doctor and hospital networks.

The stock is down 8% on news it has expanded its AI capabilities to emergency room patients.

CSE:UDOC Chart Image by Uncharted-FX

The stock tried to garner momentum on the break above $0.65. Now, the stock is breaking below the current higher low. There is some support at $0.50, but the close below $0.60 may see a deeper pullback.

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