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June 13, 2024

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TOP STOCKS

Top 5 Gainers and Losers: WAM.V, CDR.TO, KNE.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

Bemetals Corp (BMET.V)

Market Cap ~ $22 million

BeMetals Corp. engages in the exploration and evaluation of mineral properties. It focuses on base and precious metal deposits. The company has an option agreement to acquire approximately 72% interest in the Pangeni copper project located in Zambia. It also holds interest in the Kazan Gold Project located in Japan.

The stock is up 19% on no news.

TSXV_DLY:BMET Chart Image by Uncharted-FX

The stock confirmed a breakout yesterday with a close above resistance at $0.10. Good continuation momentum today. The next resistance comes in at $0.15.

 

Condor Energies (CDR.TO)

Market Cap ~ $100 million

Condor Energies Inc., an oil and gas company, engages in the production of natural gas in Uzbekistan, Turkey, and Kazakhstan. It owns 100% interests in the Poyraz Ridge and Destan operating licenses and gas fields located in the Gallipoli Peninsula in western Turkey; and to operate an exploration license in Kazakhstan for mining solid minerals, including lithium.

The stock is up 16% on no news.

TSX_DLY:CDR Chart Image by Uncharted-FX

The stock remains in a flag pattern and saw a breakdown yesterday. It appears for now, that this breakdown was a fakeout. Buyers have stepped in to beat the bears and are forcing price back above $1.60. A close above $2.00 is the major resistance.

 

Thermal Energy International (TMG.V)

Market Cap ~ $47 million

Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control products, heat recovery systems, and condensate return solutions in North America, Europe, and internationally. Its products include GEM steam traps; FLUACE, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; DRY-REX, a low temperature biomass dryer; boiler feedwater economizer; vent condenser; boiler blowdown heat recovery; Heat Recovery Steam Generator; indirect contact condensing heat recovery; air to air heat exchange; and sofame products.

The stock is up 12% on no news.

TSXV_DLY:TMG Chart Image by Uncharted-FX

An important day for the stock. It is retesting what was once support at $0.26. So far the bulls are forcing a close back above resistance. Still a lot of trading left in the day for the bears to confirm the daily candle closes back below $0.26 pulling off a successful retest leading to a further drop next week.

 

Western Alaska Minerals (WAM.V)

Market Cap ~ $53 million

Western Alaska Minerals Corp. engages in the acquiring, exploring, and developing mineral properties in the United States. The company primarily explores for gold, silver, molybdenum, copper, lead, and zinc deposits. It holds a 100% interest in the Round Top Property that consists of 92 state mineral claims located in the Mount McKinley and Nulato mining districts of Alaska; the Honker Property that consists of 24 state mineral claims located in the Mount McKinley mining district of Alaska; and the Illinois Creek Mine Project covering a total area of approximately 73,000 acres located in Alaska.

The stock is up 14% on news it has appointed a new CFO.

TSXV_DLY:WAM Chart Image by Uncharted-FX

On breakout watch. Yesterday’s large candle is providing momentum today. The stock is now testing key resistance here at $0.90. Watch for a confirmed close to trigger the breakout.

 

Questor Technology (QST.V)

Market Cap ~ $16 million

Questor Technology Inc., an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.

The stock is up 11% on news of the sale of clean combustion unit in Canada.

TSXV_DLY:QST Chart Image by Uncharted-FX

Price action is looking good with a bounce at $0.50. We have a double bottom with a higher low second bottom forming. The trigger for this reversal pattern is a close above $0.65.

 

Top 5 Losers

Kane Biotech (KNE.V)

Market Cap ~ $16 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.

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

TSXV_DLY:KNE Chart Image by Uncharted-FX

Choppiness and the chart is indicating that the bulls are stepping in here. Likely an exhaustion of buying pressure. Watch for a close below $0.12 to confirm a triggered breakdown.

 

Premier Health of America (PHA.V)

Market Cap ~ $19 million

Premier Health of America Inc., together with its subsidiaries, engages in the provision of staffing and outsourced service solutions for healthcare needs in Canada. It operates in two segments, Per Diem and Travel Nurse. The company provides temporary or permanent resources, including registered nurses, registered practical nurses, registered therapists, and personal support workers for public and private hospitals, medical clinics, and retirement homes.

The stock is down 13% on news of Q2 2024 financial results.

TSXV_DLY:PHA Chart Image by Uncharted-FX

We have a major drop on earnings and the stock is now testing a critical support around $0.30. Buyers are here as can be indicated with the large wick.

 

PTX Metals (PTX.CN)

Market Cap ~ $10.3 million

PTX Metals Inc., together with its subsidiaries, acquires, explores for, evaluates, and develops mineral properties in Canada. It explores for gold, zinc, arsenic, barium, antimony, copper, mercury, molybdenum, tungsten, and platinum group element deposits.

The stock is down 14% on no news.

CSE:PTX Chart Image by Uncharted-FX

Choppy price action. The stock remains in a range and is seeing selling at the top portion of this range. Support comes in at $0.025.

 

Cytophage Technologies (CYTO.V)

Market Cap ~ $24 million

Cytophage is developing bacteriophages that will reduce and ultimately replace the use of antibiotics for illness prevention and growth enhancement in livestock, starting with poultry.

The stock is down 11% on no news.

TSXV_DLY:CYTO Chart Image by Uncharted-FX

A sell off at resistance at the $0.60 zone. However, I would be interested in watching the support test at $0.40 since the stock did recently break above this price level. Watch the retest.

 

Carolina Rush (RUSH.V)

Market Cap ~ $15 million

Carolina Rush Corporation, a junior exploration company, engages in acquiring, exploring, and developing mineral properties in Canada. The company explores for gold and copper deposits. It holds interest in the Brewer gold and copper project that covers an area of 1,000 acres located in Chesterfield County, South Carolina; and the right to acquire 100% interest in the Jefferson gold project covering an area of 44 acres located in Chesterfield County, South Carolina.

The stock is down 10% on no news.

TSXV_DLY:RUSH Chart Image by Uncharted-FX

A nice skeleton of an inverse head and shoulders here. The stock is now pulling back to retest the $0.225 zone. A close below would nullify this breakout.

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