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
Zoomd Technologies (ZOMD.V)
Market Cap ~ $9.3 million
Zoomd Technologies Ltd. operates as a marketing technology user-acquisition and engagement platform worldwide. The company operates a mobile app user-acquisition platform that integrates with various digital media outlets. Its platform presents a unified view of various media sources to serve as a comprehensive user acquisition control center for advertisers and streamlines campaign management through a single point of contact.
The stock is up 58% on news of Q1 2024 financial results.
We have a nice large engulfing candle being printed here at support. I would watch for a daily close above $0.10 to trigger a breakout. There is some more resistance ahead at the $0.13 zone.
Cascadia Minerals (CAM.V)
Market Cap ~ $12 million
Cascadia Minerals Ltd. engages in exploration of copper and gold properties in Yukon and British Columbia. Its flagship property is the Catch project located in central Yukon. The company was incorporated in 2023 and is based in Vancouver, Canada. Cascadia Minerals Ltd. engages in copper and gold exploration.
The stock is up 45% on news of a drilling update for its Catch Copper-Gold Porphyry Project in the Yukon.
An excellent looking chat for market structure purposes. The downtrend ended with a range, which is now ending with today’s huge breakout candle. The stock is bullish above $0.22 but could pullback to form a higher low in this new uptrend. It also is popping on good exciting news.
CopperEx Resources (CUEX.V)
Market Cap ~ $17 million
CopperEx Resources Corporation operates as a copper and gold exploration company in Chile and Peru. It holds interests in three exploration assets, including the Exploradora Norte and Kio Buggy projects located in Northern Chile; and the La Rica property located in central southern Peru.
The stock is up 42% on news of drill results including 114 meters of 0.95 g/t Gold including 70m of 1.27 g/t Gold.
The stock is showing the outline of a double bottom pattern. Watch for a strong candle close above the $0.64 zone for a trigger breakout.
X1 Entertainment (XONE.CN)
Market Cap ~ $3.3 million
X1 Entertainment Group Inc. does not have significant operations. Previously, it was owned and operated RixGG, an esports franchise; X1 Talent, a boutique talent management group for digital content creators; ShiftRLE, an online news outlet focused on the popular video game Rocket League; and Octane.GG, an online fan statistics platform focused on the Rocket League video game.
The stock is up 41% on no news.
The stock broke below support at $0.22 and quickly bounced at the new support zone around $0.12. Now the stock is retesting $0.22. We must see a candle close above this level to confirm a reversal.
Torr Metals (TMET.V)
Market Cap ~ $7 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 company also holds interest in the Kolos copper gold project that covers an area of 13,957 hectares located in south-central British Columbia.
The stock is up 25% on no news. Yesterday, the Company announced it added multiple new exploration targets with a 75% expansion of the Kolos Copper-Gold Project.
The stock is breaking out and forming a new higher low. The uptrend continues after breaking out above the range at $0.06. The next target is the $0.28 zone.
Top 5 Losers
Noram Lithium (NRM.V)
Market Cap ~ $9.8 million
Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Its flagship property is the Zeus Lithium project consisting of 146 placer claims and 136 lode claims covering an area of approximately 1,113 hectares located in Clayton Valley, Nevada.
The stock is down 18% on no news.
The stock is breaking down here below the $0.15 zone. There is some support here at the $0.10 zone, but the major support comes in at $0.055… which is previous record lows.
Good Natured Products (GDNP.V)
Market Cap ~ $7.4 million
Good natured Products Inc., an earth-friendly product company, develops an assortment of plant-based products in Canada and the United States. It operates through Industrial, Packaging, General Merchandise, Commercial Business Supplies, and Services segments. The company offers bakery packaging products for cupcakes and muffins, cookies, brownies and bars, donuts, danishes and rolls, cakes, pies and loaves, and macarons and bite-sized treats; multi-purpose packaging products, including microwavable and tamper-evident containers under GoodToGo, Cold Grab & Go, Simply Secure, and GoodGuard brands; and fruit and veggie packaging products for leafy greens and microgreens, and herbs.
The stock is down 16% on news of Q1 2024 results.
The stock is bouncing within this range here with price action showing a breakdown in this trading session. A close below $0.025 would confirm the breakdown, otherwise the range play remains the game.
Cerro De Pasco Resources (CDPR.CN)
Cerro de Pasco Resources Inc., a natural resource company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for zinc, copper, lead, silver, and gold deposits. It holds 100% interests in the El Metalurgista mining concession covering an area of approximately 95.74 hectares located in Lima, Peru. The company also holds an 100% interest in Santander Pipe Mine, located in Cerro de Pasco, Peru.
The stock is down 11% on no news.
The stock is seeing a pullback here after a major breakout above the $0.11 zone. Price could pullback to retest the breakout zone before continuing higher.
Sales Force (CRM.NEO)
Market Cap ~ $284 million
Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company’s service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.
The stock is down 20% on news of guidance falling short of estimates.
A major breakdown and gapdown on the news today. Salesforces is now testing a support area here around $17. A lot of work is here to fill in the gap. Any bounces may be sold off given the breakdown. The best thing to do is to wait for a range to develop to indicate selling exhaustion.
Xanadu Mines (XAM.TO)
Market Cap ~ $78 million
Xanadu Mines Limited engages in the exploration and development of various mineral projects in Mongolia. The company primarily explores for copper and gold deposits. Its flagship project is the 38.25% Kharmagtai Copper-Gold project located in Omnogovi province to the southeast of Ulaanbaatar. The company also holds 100% interest in the Red Mountain copper-gold project located in the Dornogovi Province of southern Mongolia.
The stock is down 15% on no news.
The stock is breaking down below $0.06. Support comes in at $0.05. We technically remain in an uptrend given the breakout of the recent trendline. Watch for the stock to hold $0.05.
