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
Cascadia Minerals (CAM.V)
Market Cap ~ $17 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 stock is up 31% on news of a fully-subscribed non-brokered private placement of up to approximately $3,200,000. Offering will come at prices of $0.42 and $0.475.
We have talked about this stock a few times last week after its move with the breakout above $0.22. The stock is now testing a key resistance zone around the $0.42 zone.
Carbon Streaming (NETZ.NE)
Market Cap ~ $43 million
Carbon Streaming Corporation a carbon credit streaming and royalty company focused on creating shareholder value primarily through the acquisition and sale of carbon credits. It provides capital to carbon projects globally, primarily by entering into or acquiring streaming, royalty or royalty-like arrangements for the purchase of carbon credits.
The stock is up 85% on no news.
A nice pop on no news. Three days ago, the Company announced board and management changes. The stock has found support and is bouncing at the important psychological $0.50 zone. Another major zone at $1.00 has been tested with today’s pop. A close above this price level would be extremely bullish.
Hemostemix Inc (HEM.V)
Market Cap ~ $5.6 million
Hemostemix Inc., a clinical stage biotechnology company, develops, manufactures, and commercializes blood-derived stem cell therapies for medical conditions in Canada. Its lead product is ACP-01, an autologous cell therapy, which is in Phase II clinical trial for the treatment of vascular diseases, such as cardiovascular disease, peripheral arterial disease, angina pectoris, and ischemia. The company also develops NCP-01, which is preclinical trial to evaluate effect on neuropathic pain and motor function recovery.
The stock is up 62.5% on news of a strategic partnership with CytoImmune Therapeutics and $1.8 million in financing commitments.
The stock has been ranging at record lows and is finally breaking out with today’s price action. A close above $0.045 triggers the breakout and the next resistance area comes in at the $0.07 zone.
Resouro Strategic Metals (RSM.V)
Market Cap ~ $45 million
Regency Silver Corp., together with its subsidiaries, engages in the identification, evaluation, acquisition, and exploration of mineral properties in Mexico and Peru. The company explores for silver and gold projects. Its flagship property is the Dios Padre project located in Sonora, Mexico. The company also holds interest in the El Tule property that consists of 6 concessions covering an area of 10,000 hectares located in Northern Nayari, Mexico; and the La Libertad project located in the La Libertad mining district in north-central Peru.
The stock is up 8% on no news.
A gap up popper today on no news but the stock is potentially pulling off an important move technically. A close above $0.58 would trigger a major breakout since the stock has been ranging since September of 2023.
NTG Clarity Networks (NCI.V)
Market Cap ~ $29 million
NTG Clarity Networks Inc. provides telecommunications engineering, information technology, networking, and related software solutions worldwide. Its products include NTGapps, that designs to simplify the telecom digital transformation by providing digital application template; StageEM, an enterprise solution that covers project portfolio management, demand and capacity, analytic and dashboard, and decision-making using real-time data; Workflow Management solution, which enable organization to design, deploy, execute, monitor, and analyze their business process; Network Inventory Management solution that covers network, service, and resource for organization; and Partner Relationship Management solution, which covers the value chain of partnership and enable vendor to manage their strategic partner.
The stock is up 24% on no news.
The uptrend continues after breaking out above $0.25. The stock is now testing resistance at $0.80. Watch for a breakout for momentum continuation.
Top 5 Losers
Metasphere Labs (LABZ.NE)
Market Cap ~ $74.4 million
Metasphere Labs Inc., a digital agency, engages in the design, development, and sale of non-fungible tokens (NFTs) in Canada and internationally. The company offers 3D digital assets for existing NFT communities; NFT minting services; merchandise sales; utility services; and advertising and sponsorship services, as well as creates digital assets, such as additional clothing for avatars or tools to be used by the avatars within the House of Kibaa (HOK) origins metaverse.
The stock is down 27% on news on its innovative carbon aware routing protocol initiative. In response to the significant environmental impact of the Internet’s growing energy demands, Metasphere Labs has chosen to build the reference design for its carbon aware routing protocol with a focus on NVIDIA-based GPU clusters and their typical data center architectures.
The uptrend remains intact even with today’s drop. The stock is testing the current higher low zone at $2.60. A close below would end the uptrend. You can see buyers are here with yesterday’s large wick and today’s large wick.
Zacatecas Silver (ZAC.V)
Market Cap ~ $21 million
Zacatecas Silver Corp. engages in the acquisition, exploration, and development of mineral properties in Mexico. The company primarily explores for silver and gold deposits. It holds 100% interests in the Zacatecas Property that consists of 149 mining concessions covering approximately an area of 7,826.3 hectares located in the Zacatecas Mining District; and the Esperanza Project, which consists of 7 mining concessions covering approximately an area of 4,649 hectares located in the State of Morelos.
The stock is down 18% on no news.
The stock attempted to breakout above recent highs of $0.29 after a pullback. The move stalled at $0.25 and we are seeing a break below $0.20. Support comes in at $0.16.
Cabral Gold (CBR.V)
Market Cap ~ $59 million
Cabral Gold Inc. operates as a mineral exploration and development company with primary focus on gold properties in Brazil. Its flagship holds 100% interests in the Cuiú Cuiú gold project located in the state of Para in northern Brazil.
The stock is down 15% on no news.
A pullback today as profits are being taken. The uptrend is strong and support comes in at $0.22. Watch for a higher low to form with this pullback.
Fortune Minerals (FT.TO)
Market Cap ~ $42 million
Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories.
The stock is down 15% on no news.
The stock is pulling back as profits are being taken. A higher low zone here at $0.085 is being tested. A close below would lead to a move down to the $0.06 area.
Sona Nanotech (SONA.CN)
Market Cap ~ $30 million
Sona Nanotech Inc. operates as a nanotechnology life sciences company. It develops targeted hyperthermia therapy for cancer treatment; and nanomedical therapy for the treatment of colorectal cancer. The company also develops gold nanoparticle products; lateral flow assay rapid tests; bovine TB tests; and concussion screening tests.
The stock is down 14% on no news.
The stock confirmed a double topping pattern with a close below $0.40. The downtrend is continuing with a rejection at $0.34. A close below recent lows at $0.28 would confirm a lower high and the continuation of this downtrend down to $0.24.
