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June 20, 2024

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Top 5 Gainers and Losers: TLG.TO, KDK.V, AGMR.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

Optiva Inc (OPT.TO)

Market Cap ~ $55 million

Optiva Inc. provides cloud-native monetization and business support systems products to communication service providers (CSP) in Europe, the Middle East, Africa, North America, Latin America, the Caribbean, Asia, and the Pacific Rim. The company’s cloud-native real-time converged charging and billing platform delivers a software platform, such as real-time charging, rating, billing, product catalog, policy management, and customer care for any digital services of a CSP. Its solutions include Optiva Business Support System (BSS) Platform, an end-to-end digital cloud native BSS solution on the private and public cloud for CSPs, including mobile network operators, MVNEs, and mobile virtual network operators; Optiva Charging Engine, a convergent charging solution, which is a cloud native platform for private and public cloud; Optiva MVNO Hubs, a unified and multi-tenant BSS -as a Service for MVNO/Es; and Optiva Partner Monetization, an end-to-end partner lifecycle management platform to onboard and manage telco B2B2X partner ecosystems.

The stock is up 91% on no news.

TSX_DLY:OPT Chart Image by Uncharted-FX

The stock confirmed a double bottom breakout just recently and today’s price action is bouncing near the $4.00 neckline/support zone. Very strong price action today. Watch for a candle close above $7.00.

 

Torr Metals (TMET.V)

Market Cap ~ $6.8 million

Torr Metals Inc. engages in the exploration and development of mineral deposits in Canada. It holds a 100% interest in the Latham copper-gold project, which comprises 41 mineral claims covering an area of 49,694 hectares located in northern British Columbia.

The stock is up 35% on no news.

TSXV_DLY:TMET Chart Image by Uncharted-FX

The stock continues its breakout move after closing above $0.10. There is some resistance here at $0.20, and a close above this level takes us to test previous record highs.

 

Defiance Silver (DEF.V)

Market Cap ~ $95 million

Defiance Silver Corp., an exploration stage company, acquires, explores, evaluates, and develops mineral properties primarily in Mexico. It primarily explores for gold, copper, and silver deposits.

The stock is up 25% on no news.

TSXV_DLY:DEF Chart Image by Uncharted-FX

The uptrend continues as silver prices rise. The current higher low comes in at $0.225. Resistance is coming up at $0.40. There could be a pullback before continuing higher and the key zone remains the higher low I mentioned at $0.225.

 

Silver Mountain Resources (AGMR.V)

Market Cap ~ $31 million

Silver Mountain Resources Inc. engages in the acquisition, exploration, and development of mines and mineral deposits in Peru. The company primarily explores for silver. Its principal asset is the Castrovirreyna project located in the Huancavelica, Peru.

The stock is up 21% on news of positive preliminary PEA for its Reliquias Project in Peru.

TSXV_DLY:AGMR Chart Image by Uncharted-FX

The stock is in a range and is now testing the key support level. Watch for buyers here and the major breakout zone comes in around $0.15. Watch for a close above $0.10 to give us a nice jumpstart to the major resistance zone.

 

Kodiak Copper (KDK.V)

Market Cap ~ $35 million

Kodiak Copper Corp. focuses on the discovery of copper for a low carbon future by exploring its copper porphyry projects in Canada and the United States. The company’s advanced asset comprises the 100% owned MPD copper-gold porphyry project located in the prolific Quesnel Trough in southern British Columbia, Canada. It also holds 100% interests in the Mohave copper-molybdenum-silver porphyry project located in Arizona, the United States.

The stock is up 16% on news it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

TSXV_DLY:KDK Chart Image by Uncharted-FX

A nice bounce after ranging at the major support area at $0.40. The stock is currently above the $0.50 zone. Watch for a confirmed close above this level to climb above the major psychological zone.

 

Top 5 Losers

Troilus Gold (TLG.TO)

Market Cap ~ $118 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 21% on no news. Yesterday, the Company announced its feasibility study for the Troilus Project.

TSX_DLY:TLG Chart Image by Uncharted-FX

The stock gapped down hard on yesterday’s news. Now, the stock looks likely to close below the $0.50 higher low. A confirmed close below would mean a retest of the $0.30 zone.

 

KWESST Micro Systems (KWE.V)

Market Cap ~ $4.4 million

KWESST Micro Systems Inc. engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products.

The stock is down 27% on no news.

TSXV_DLY:KWE Chart Image by Uncharted-FX

Support is breaking here and is in danger of confirming a major breakdown with the today’s close. New record lows are being printed. A close back above $1.20 would turn things around.

 

Else Nutrition Holdings (BABY.TO)

Market Cap ~ $30 million

Else Nutrition Holdings Inc. focuses on the research, development, manufacturing, marketing, and sale of plant-based food and nutrition products for infants, toddlers, children’s, and adults in North America, Israel, Australia, and New Zealand. It offers baby and toddler snacks; baby feeding accessories, such as feeding bottles and teats; plant-based baby and toddler nutrition formula products; kids and adult nutrition products; and complementary food products for babies, as well as toddler drink for toddlers ages 12-36 months; and follow-on formula for infants.

The stock is down 16% on news of Q1 2024 financial results.

TSX_DLY:BABY Chart Image by Uncharted-FX

The stock is contained within a range with resistance at $0.35 and support at $0.225. Just await for a break but sellers are defending the resistance area.

 

International Battery (IBAT.CN)

Market Cap ~ $302 million

International Battery Metals Ltd., a technology company, engages in developing technologies for the extraction and processing of lithium from various sources. The company focuses on lithium brine extraction from salars and geothermal brines, as well as oil field brines for petro-lithium extraction projects. It also develops lithium resource properties.

The stock is down 15% on no news.

CSE:IBAT Chart Image by Uncharted-FX

The stock is pulling back and it looks like profits are being taken. The retest comes in at $1.20. Watch this zone to see if bulls can keep the uptrend breakout intact.

 

BriaCell Therapeutics (BCT.TO)

Market Cap ~ $38 million

BriaCell Therapeutics Corp. operates as a Phase 3 biotechnology company transforming cancer care with its novel cellular immunotherapies. It is conducting a pivotal Phase 3 clinical trial in advanced breast cancer with its Bria-IMT in combination with an immune check point inhibitor. It is also developing personalized off-the-shelf treatments for breast cancer, prostate cancer, and other cancers.

The stock is down 17% on news of a $5 million financing at a price per share of $2.00 for institutional investors and $2.215 for existing investors. 

TSX_DLY:BCT Chart Image by Uncharted-FX

A strong downtrend remains intact as can be seen with the lower highs and lower lows. Record lows are being printed. Perhaps there can be some support found at $2.00. But currently, the stock needs to take out $3.25 for a reversal.

 

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