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
Xybion Digital (XYBN.V)
Market Cap ~ $45 million
Xybion Digital Inc., a software-as-a-service company, provides software solutions for life sciences and health systems companies in the United States and internationally. Its software solutions include Pristima XD, an integrated digital laboratory execution system; Labwise XD, a laboratory operations software to manage GMP and non-GMP-compliant process flows; and digital pathology software solutions. The company also provides COVID-19 test management application; Savante, a data warehouse, analytics, and SEND management system; QMS suite, an end-to-end unified cloud platforms for research and development, laboratory information management systems, and workplace health and safety; Compliance Risk Predictor to predict compliance risks, mitigate, and eliminate; and Compliance Builder, a real-time compliance monitoring software. In addition, it offers Emidence XD, a total workforce health and safety solution; and ECM XD, a cloud-based digital platform for managing enterprise content.
The stock is up 56% on news it has announced a proposed go-private transaction for a cash consideration of $0.90.
The stock is hitting the cash consideration price. Not much to say on this one as price is reflecting the cash consideration price to go private.
IBC Advanced Alloys (IB.V)
Market Cap ~ $11 million
IBC Advanced Alloys Corp. develops, produces, and sells specialty alloy products in the United States and internationally. The company operates through Copper Alloys and Engineered Materials segments. It offers various copper alloys as castings and forgings, such as beryllium copper, chrome copper, oxygen-free high conductivity copper, and aluminum bronze in the form of plates, blocks, rounds, discs, bars, rings, tubes, rods, and other custom forgings, as well as specialty copper alloy forgings for plastic mold tooling and resistance welding applications. The company also provides beryllium-aluminum castings, beryllium-aluminum alloys, beryllium-copper alloys, high-strength beryllium-copper casting alloys, high-conductivity beryllium-copper casting alloys, and beryllium-nickel casting alloys.
The stock is up 42% on news of reporting record quarterly profits.
A very interesting pattern being formed here. I see the skeleton of an inverse head and shoulders pattern here. The trigger is a breakout above $0.12.
Coniagas Battery Metals (COS.V)
Market Cap ~ $4.2 million
Coiniagas is building the next world class critical metals project. Coniagas has secured the Graal in Saguenay, Québec. Drilling indicates a large, high-grade polymetallic deposit containing nickel, copper, and cobalt. Mining would allow proceeds from one metal to finance production of another.
The stock is up 27% on no news.
The stock has just begun trading in April, so we have limited price action. However, we can spot some important support and resistance levels. We have major support at $0.11 and a major resistance comes in at $0.16. A close above this price would set us up for a move back to previous record highs.
Bear Creek Mining (BCM.V)
Market Cap ~ $107 million
Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru and Mexico. It explores for silver, lead, zinc, and gold deposits. The company holds 100% interests in the Corani Silver-Lead-Zinc Project, which consists of thirteen mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru; and the Mercedes Gold Mine project that consists of 43 mineral concessions covering an area of approximately 69,284 hectares located in Sonora, Mexico.
The stock is up 22% on no news.
The first higher low is looking to be confirmed here. Watch for a daily close above $0.44 to confirm this by the end of the week. It would set up for a move up to $0.60 in the following weeks.
NorthX Nickel (NIX.CN)
Market Cap ~ $7.4 million
NorthX Nickel Corp. engages in the identification, acquisition, evaluation, and exploration of mineral properties. Its flagship asset is the Grasset nickel sulphide project that consists of 153 claims blocks covering an area of 81.81 square kilometers located in the Quebec, Canada. The company also holds 37 properties comprising 807 mining claims covering an area of 30,984 hectares located in the district of Sudbury; the Gargoyle project located in northwest Ontario; and the RUM project located to northeast of Matagami, Quebec.
The stock is up 25% on no news.
The stock is looking like it wants to attempt to make a run in filling the gap. We had a confirmed close above resistance at $0.30. The stock looks ready to climb and test $0.50. To fill the gap, the stock needs to confirm a close above $1.07.
Top 5 Losers
Defiance Silver (DEF.V)
Market Cap ~ $94 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 down 14% on no news.
The stock is in an uptrend with multiple higher lows and higher highs. There is some resistance here and this can be seen with the large wicks. The stock could pullback down to the $0.24 zone.
Copper Fox Metals (CUU.V)
Market Cap ~ $277 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 down 23% on no news.
The stock is rejecting resistance at $0.65. Some profits are being taken, but the stock remains in breakout mode and can form a higher low. The best way to play is to either wait for a breakout above recent highs, or wait for the retest of the $0.25 zone.
Bluestone Resources (BSR.V)
Market Cap ~ $91 million
Bluestone Resources Inc. engages in the exploration and development of precious metals. Its flagship asset is the Cerro Blanco gold project located in Southern Guatemala in the department of Jutiapa.
The stock is down 20% on news of results from the annual general and special meeting.
A retracement to the breakout zone. A retest is occurring now. Watch for buyers to step in and hold the $0.60 zone.
Lara Exploration (LRA.V)
Market Cap ~ $35 million
Lara Exploration Ltd., through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, silver, iron, phosphate, titanium, vanadium, tin, lead, and zinc deposits. It holds interest in the Planalto copper project located in the Carajás Mineral Province of northern Brazil. The company also holds interest in the Tocantins gold project in Central Brazil; and the Celesta copper mine and the Fofoca South gold project in Brazil.
The stock is down 17% on no news.
Looking to the left and we can see the stock has been ranging recently around a major resistance zone. The current higher low comes in at $0.80. Watch how the stock will react at this zone in order to increase the chance of a breakout.
GreenFirst Forest Products (GFP.TO)
Market Cap ~ $87 million
GreenFirst Forest Products Inc. engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.
The stock is down 16% on no news.
The stock is breaking into new record lows. It is bleeding hard and the downtrend remain intact. $0.50 is a major psychological zone. Perhaps the stock can range here. A range will be key in indicating selling exhaustion.
