Top 5 Gainers and Losers: PLC.TO, TLT.V, SKP.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

Park Lawn Corporation (PLC.TO)

Market Cap ~ $892 million

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.

The stock is up 58% on news the Company is going private in al all cash transaction for approximately $1.2 billion at a price of $26.50 per share.

Not much to say about this one as the price is moving to the purchaser price. The transaction is anticipated to be closed by August 2024.

Sage Potash (SAGE.V)

Market Cap ~ $15 million

Sage Potash Corp. engages in the acquisition, exploration, and development of mineral properties. It holds interest in the Sage Potash property located in the State of Utah.

The stock is up 21% on no news.

A new trend shift with the price bouncing at record lows and closing above the moving average and over the current lower high. A new uptrend is in play with the stock looking to breakout with today’s price action.

Theralase Technologies (TLT.V)

Market Cap ~ $40 million

Theralase Technologies Inc., a clinical stage pharmaceutical company, engages in the research and development of light activated photo dynamic compounds (PDCs) and their associated drug formulations to treat cancers, bacteria, and viruses in Canada, the United States, and internationally. It also designs, develops, manufactures, and markets patented and proprietary super-pulsed laser technology for the healing of chronic knee pain, as well as for off-label use to heal various nerve, muscle, and joint conditions.

The stock is up 17% on news that it’s lead compound, Ruvidar^TM, has been proven effective in the inactivation of various viruses.

The stock broke below support at $0.16 and today’s price action is seeing an important retest. News is helping the bulls force a close back over $0.16 to confirm a false breakdown. A close above $0.18 would get the stock heading back towards $0.22.

Cantex Mine Development (CD.V)

Market Cap ~ $15 million

Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.

The stock is up 12.5% on news that it has commenced drilling at its North Rackla project, Yukon. It has also arranged a one million one hundred thousand dollar non-brokered private placement.

The stock is bouncing at record lows. A nice engulfing candle is developing here. The stock does need to reclaim the $0.17 zone to turn things around.

Questerre Energy Corporation (QEC.TO)

Market Cap ~ $129 million

Questerre Energy Corporation, an energy technology and innovation company, acquires, explores, and develops non-conventional oil and gas projects in Canada. It produces tight oil, oil shale, shale oil, and shale gas. The company primarily holds 40,320 acres located in Kakwa, Alberta, including 25% working interest in 10,080 acres in Kakwa Central; 50% working interest in 4,480 acres in Kakwa North; 50% interest in 22,040 acres in Kakwa West; and 50% interest in 3,840 acres in Kakwa South. It also has 100% working interest in 11,316 acres located in Antler, Saskatchewan; and oil shale assets in Jordan.

The stock is up 11% on no news.

Nice gap up pop gainer days in the last few days. The stock is now testing key resistance here at the $0.31 zone. Watch for a daily confirmed close to trigger a breakout.

Top 5 Losers

Strikepoint Gold (SKP.V)

Market Cap ~ $11 million

StrikePoint Gold Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United Sates and Canada. The company explores for gold and silver deposits. It primarily holds a 100% interest in the Cuprite gold project that includes approximately 574 unpatented claims covering an area of approximately 44 square kilometers located within the Walker Lane Gold trend, Nevada.

The stock is down 46% on news of results from the inaugural drill program on the Cuprite Gold Project located in Nevada’s Walker Lane gold trend.

The market did not like the results from the drill program. A big sell off breaking below the support at $0.065. Major support comes in at $0.035. A close below would take the stock down to test previous record lows.

World Copper (WCU.V)

Market Cap ~ $45 million

World Copper Ltd., an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral resources in Chile and the United States. It primarily explores for copper. The company has an option to acquire 100% interests in the Escalones and Cristal projects located in Chile. It also has an option to acquire Zonia copper oxide project located in central Arizona.

The stock is down 15% on no news.

The stock has had a nice move given the recent copper run. The higher low at $0.20 is still holding meaning the uptrend remains intact. A close below would see a deeper pullback down to the $0.14 zone.

American Aires (WIFI.CN)

Market Cap ~ $59 million

American Aires Inc., a nanotechnology company, engages in the research, development, and implementation of innovative technology solutions that restructure and transform electromagnetic field haze into biologically-compatible form in Canada and internationally. Its products include the Lifetune One, a device specific solution that sticks directly onto electronic devices, offering immediate protection against harmful electromagnetic radiation solution for use with devices such as phones, tablets, and laptops; and the Lifetune Flex, a versatile electromagnetic fields (EMF) protection solution for constant coverage from electromagnetic radiation.

The stock is down 15% on no news.

A major breakdown with the stock closing below $1.00 and now taking out recent lows. The lower highs are obvious. Next support comes around the $0.50 zone.

Cabral Gold (CBR.V)

Market Cap ~ $53 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 14% on no news.

After hitting resistance at the $0.38 zone, the stock is now pulling back. The breakout retest comes at $0.22 where bulls will definitely be watching.

Niobay Metals (NBY.V)

Market Cap ~ $4.8 million

Niobay Metals Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for niobium, tantalum, titanium, and phosphate properties. It holds 100% interests in the James Bay niobium project that covers an area of 8,833 hectares located in the James Bay Lowlands in northeastern Ontario, Canada; and 72.5% interests in the Crevier niobium and tantalum project that covers 83 contiguous concessions covering a total of 4,645 hectares located to the north of Girardville, in the Lac Saint-Jean region, province of Quebec, Canada.

The stock is down 29% on no news.