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
Nevis Brands (NEVI.CN)
Market Cap ~ $7.4 million
Nevis Brands Inc. engages in the development and sale of cannabis products in the United States. It offers cannabis infused beverage under the Major brand name.
The stock is up 39% on no news.
For the technical traders out there, we have the form of an inverse head and shoulders pattern here. A confirmed daily close above $0.15 triggers the breakout.
Walker River Resources (WRR.V)
Market Cap ~ $10.3 million
Walker River Resources Corp., an exploration stage company, engages in the identification, acquisition, exploration, and evaluation of mineral properties in Canada. It holds 100% interests in the Lapon Canyon gold project with 147 claims, which covers an area of approximately 2940 acres located in Nevada.
The stock is up 9% on no news.
A nice recovery back above $0.20 reclaiming support. The major breakout comes with a close above $0.30.
Altamira Gold (ALTA.V)
Market Cap ~ $28.5 million
Altamira Gold Corp. engages in the acquisition, exploration, development, and mining of mineral properties in Brazil and Canada. Its primarily explores for gold, copper, and silver deposits.
The stock is up 22% on news the Company drills 146 metres at 1 g/t Gold at its project in Brazil.
A nice gap up on the news. The stock is back above $0.12 which was resistance. A close above $0.14 would be even stronger. Currently, sellers are defending this resistance zone.
Drone Delivery Canada (FLT.V)
Market Cap ~ $71.7 million
Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company’s logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.
The stock is up 23% on no news. Yesterday, the Company announced a transformative merger with Volatus Aerospace.
The stock continues its momentum on yesterday’s big news. The merger is expected in Q3 2024. The stock is testing the resistance zone at $0.40. The support comes in at $0.25.
Europacific Metals (EUP.V)
Market Cap ~ $3.7 million
Europacific Metals Inc. engages in the acquisition and exploration of gold and copper assets in Portugal. The company holds brownfield gold, and copper-gold projects located in Portugal.
The stock is up 37% on news of initial assay results from the first drill hole, and the completion of the fifth drill hole of the 2024 exploration program at the Miguel Vacas mine area.
A basing pattern here and the stock is looking to confirm a body daily candle close above $0.05. A close above $0.06 would take us above the wick and trigger a stronger breakout.
Top 5 Losers
Copper Fox Metals (CUU.V)
Market Cap ~ $145 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 20% on news of an update for the mineral mountain project.
After a major breakout pop, the stock has given up those gains. We are now testing a crucial retest zone at $0.25. This is where bulls are expected to enter to keep the breakout intact with the retest. A close below $0.25 would intensify the bearish price action given the recent drop.
IM Cannabis (IMCC.CN)
Market Cap ~ $10 million
IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers medical cannabis dried flowers; and full-spectrum, strain-specific cannabis extracts under the IMC, BLKMT, WAGNERS, and LOT420 brands.
The stock is down 15% on no news.
The stock attempted to breakout above $1.60, but failed to do so. The stock is now in danger of closing below $0.70 which would take out the current higher low.
Golden Shield Resources (GSRI.CN)
Market Cap ~ $4.2 million
Golden Shield Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Guyana. The company explores for gold deposit. Its 100% owned flagship project is the Marudi Mountain Project that covers an area of 5,457 hectares located in southwestern Guyana.
The stock is down 13% on news of final results from drilling at the Marudi Mountain Property.
The stock just printed new all time record lows two days ago. A hammer candle with a large wick was printed which could mean the bulls are “hammering” a bottom. However, we need another strong green daily candle to confirm the bulls are wrestling back control from the bears.
Kane Biotech (KNE.V)
Market Cap ~ $17.1 million
Kane Biotech Inc., a biotechnology company, engages in the research, development, and commercialization of technologies and products that prevent and remove microbial biofilms in Canada and internationally. The company develops its products using coactiv+ technology, an antimicrobial wound gel platform; and DispersinB technology, a naturally occurring enzyme that cleaves the bacterial surface polysaccharide poly-b-1, 6-N-acetylglucosamine for treating wounds and otic infections. It offers revyve, an antimicrobial wound gel; and shampoos, shampoo bars, and scalp detoxifiers under the DermaKB brand.
The stock is down 13% on no news.
A major engulfing candle is being printed here at a major resistance zone. A daily close below $0.12 would trigger a reversal as it would confirm a close below the current higher low.
Koryx Copper (KRY.V)
Market Cap ~ $30 million
Koryx Copper Inc., a development stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, Namibia, and Zambia. It primarily explores for copper deposits. The company holds a 100% interest in the Haib project located in the south of Namibia. It also holds interest in the Zambia Copper property in Zambia.
The stock is down 13% on no news.
Just a pullback in an uptrend. The current higher low comes in at the $0.10 zone meaning the stock remains in an uptrend as long as the price remains above this price level.
