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

ThreeD Capital (IDK.CN)

Market Cap ~ $21 million

ThreeD Capital Inc. is a venture capital firm specializing in seed/startup, early venture, and growth capital opportunistic investments. The firm seeks to invest in industrials, health care, information technology; software, biotechnology; renewable technology, AI/Machine learning, blockchain, nanotechnology, electric vehicles, internet of things, electronic sports, junior resources with an emphasis on the precious-metal and battery-metal sectors; artificial intelligence with a focus on disruptive data science technologies, machine learning, and neuro networks; and blockchain sectors with a focus on blockchain assets.

The stock is up 28% on news  that it has reached a settlement concerning a lawsuit filed by the Company and 1313366 Ontario Inc. (together, the “Plaintiffs”) against Palisades Goldcorp Ltd., Collin Kettell, and New Found Gold Corp. (“NFG” together, the “Defendants”) in the Ontario Superior Court of Justice in Toronto, Ontario.

A nice gap up on the news and the stock is breaking above the range. A sell off in the day as bulls are taking profits. A daily close above $0.345 would trigger a range break.

 

European Energy Metals (FIN.V)

Market Cap ~ $12 million

European Energy Metals Corp. engages in the acquisition, exploration, and development of mineral property assets in Canada. It holds 100% interest in the Champ project that consists of 4 contiguous mineral claims totaling 1,054 hectares located in the Greenwood Mining District of British Columbia; and 80% interest in the Finland projects mineral rights of 5 exploration reservations located in the central Finland.

The stock is up 32% on no news.

A very nice looking technical set up. We had a break and close above the downtrend line yesterday, and momentum continues. The next resistance zone comes in at the $0.50 zone.

 

Bri-Chem Corp (BRY.TO)

Market Cap ~ $5.3 million

Bri-Chem Corp., together with its subsidiaries, engages in the wholesale distribution of oilfield chemicals for the oil and gas industry in North America. The company supplies, blends, and packages drilling fluid products in various weights and clays, lost circulation materials, chemicals, and oil mud products. It also offers completion, cementing, acidizing, stimulation, and production chemicals; and sells calcium nitrate, barite, silica fume, hydrated lime, bentonite, potash, sodium bicarbonate, calcium chloride, and soda ash. In addition, the company provides testing of drilling fluids for customers for various analyses, including viscosity, fluid loss, lubricity, and others.

The stock is up 21% on no news.

The stock seems to have support at the $0.16 zone as evident by the large wick printed here a few days ago. An engulfing candle could be printing here which would be a major bullish level.

 

DEFI Technologies (DEFI.NE)

Market Cap ~ $478 million

DeFi Technologies Inc., a technology company, develops and lists exchange traded products in Canada, Bermuda, and the Cayman Islands. The company provides asset management services, such as investment vehicles, indirect exposure to underlying cryptocurrencies, digital asset indexes, and other decentralized finance instruments. It also participates in decentralized blockchain networks by processing data transactions that contribute to network security and stability, governance, and transaction validation.

The stock is up 16% on news of a normal course issuer bid.

A strong uptrend with higher lows and higher highs. The next resistance zone comes in at the $2.00 zone.

 

Defiance Silver (DEF.V)

Market Cap ~ $84 million

Defiance Silver Corp., an exploration stage company, acquires, explores, evaluates, and develops mineral properties primarily in Mexico. It primarily explores for gold, copper, and silver deposits.

The stock is up 16% on no news.

Another strong uptrend here and the stock remains supportive as long as the price remains above $0.24. Watch for a close above $0.34 to make a push towards recent highs.

 

Top 5 Losers

Nevada Copper (NCU.TO)

Market Cap ~ $28.5 million

Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, gold, silver, and iron magnetite ores. It holds 100% interests in the Pumpkin Hollow Copper property that consist of approximately 28.8 square-mile land patented claims located in Yerington, Nevada.

The stock is down 77% on news of an update on financing efforts. At this time the Company has neither a binding offer for a transaction of this kind nor any offer of adequate and sufficient ordinary course funding to continue operations. In the absence of securing sufficient funding on an urgent basis, the Company will not be able to continue carrying on business and may have no alternative but to seek creditor protection.

Yikes! A major gap down drop with terrible news. Catching this is like catching a falling knife. I would wait for a range to develop but more importantly, wait for a clearer picture on the financing side of things.

 

Megawatt Lithium and Battery (MEGA.CN)

Market Cap ~ $1.17 million

MegaWatt Lithium and Battery Metals Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Australia. It explores for gold, silver, zinc, lithium, nickel, cobalt, copper, and rare earth elements deposits. It holds a 100% interest in the Cobalt Hill project located in the Trail Creek Mining Division in British Columbia and the James Bay Lithium mine located in James Bay Territory in Quebec.

The stock is down 20% on no news.

The stock attempted to continue momentum after a breakout above $0.14. Instead, we ranged for months. Now the stock is breaking back below support and is likely to test the $0.09 zone.

 

Golden Arrow Resources (GRG.V)

Market Cap ~ $6.5 million

Golden Arrow Resources Corporation, a natural resource company, engages in the acquisition, exploration, and development of mineral resource properties in South America. The company explores for iron, copper, gold, cobalt, and silver deposits. Its flagship project is the 100% owned San Pietro iron-copper-gold-cobalt project covering an area of approximately 18,500 hectares located in Chile.

The stock is down 25% on no news.

The stock is falling to key support at $0.045. We have some buyers stepping in on the retest as can be seen with the large wick.

 

79 North Inc (JQ.CN)

Market Cap ~ $2.7 million

79North Inc. engages in the acquisition, exploration, and development of gold and other mineral properties in Suriname. It holds interest in the Sela Creek Project located in Southern Suriname.

The stock is down 16% on no news. Yesterday, the Company announced it has executed a non-binding letter of intent with arm’s length party, Miata Metals Corp. pursuant to which Miata proposes to acquire all of the issued and outstanding shares of 79North.

The stock is contained within a range here. The upper portion at $0.03 is being tested and rejected.

 

St-Georges Eco-Mining (SX.CN)

Market Cap ~ $15 million

St-Georges Eco-Mining Corp. develops new technologies to solve common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The company explores for nickel and PGEs on the Manicouagan and Julie Projects on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project.

The stock is down 15% on no news.

A breakdown below the major support zone here at $0.06. The stock must retake this zone other wise it will test previous record lows.