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
KWESST Microsystems (KWE.V)
Market Cap ~ $8.2 million
KWESST Micro Systems Inc. engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. The company non-lethal products, including PARA OPS devices and ARWEN products.
After ranging for weeks at all time record lows, the stock is gapping out and breaking above the range on really positive fundamental news. Looking at the current daily candle, profits are being taken. The $1.20 zone is the current lower high meaning the stock must take this zone out before confirming a new trend. Watch for this either today or in upcoming days.
Therma Bright (THRM.V)
Market Cap ~ $11 million
Therma Bright Inc. acquires, develops, manufactures, and markets proprietary healthcare and medical devices focused on respiratory diseases, vascular health, and consumer medical devices for consumer and institutional marketplace. The company’s products include AcuVid, an antigen and antibody rapid screening test for COVID-19; InterceptCS, a cold sore prevention system, which provides controlled topical heat without the risk of burning the skin; Benepod, a hot and cold contrast therapy device for pain relief without pain relieving medication; Venowave, a medical compression pump designed to treat and alleviate the symptoms associated with poor circulation; and TherOZap, a thermal therapy insect device that reduces the inflammatory response, as well as relieves the symptoms of pain, itching, and inflammation associated with insect bites and stings.
The stock is up 75% on news it has closed the first tranche of a financing. Under the First Tranche, Therma issued 85,450,000 units priced at $0.01 per unit for total proceeds of $854,500.
A very nice looking chart here showing clear market structure. A downtrend turned into a range. A range has been broken and the stock could be confirming its first higher low with today’s close above $0.025. Financing came in at $0.01. Those participating will have to hold until October 11th 2024. Now that the Company has raised cash at $0.01, it has the funds to initiate a catalyst.
Grounded People Apparel (SHOE.CN)
Market Cap ~ $25 million
Grounded People Apparel Inc. designs, produces, and sells shoes in Canada. It primarily offers high-top and low-cut canvas sneakers through stores and online.
The stock is up 66% on no news. Three days ago, the Company celebrated a record quarter of sales orders in 2024 representing a 6500% increase over the same period in 2023.
Some profits are being taken and the stock is testing the key $1.00 psychological zone. This is an important zone, and I would extend the upper portion to $1.10. Watch to see if buyers jump in here to defend this zone.
Green Impact Partners (GIP.V)
Market Cap ~ $74 million
Green Impact Partners Inc. provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities. The company also acquires, develops, builds, and operates renewable natural gas (RNG) projects; and distributes RNG, biofuel, and hydrogen.
The stock is up 22% on no news.
Now this is a chart that technical traders can work with. Looks like a triple bottom pattern is ready to go. The stock is making a big run today and is now testing the key resistance zone of $3.50. Watch for a strong break above this level to see if the stock can make a run to the $5.00 zone.
Resouro Strategic Metals (RSM.V)
Market Cap ~ $54 million
Resouro Strategic Metals Inc. engages in the exploration and development of mineral resource properties in Brazil. It explores for titanium, rare earths, and gold deposits. The company holds interest in the Novo Mundo gold project that covers an area of approximately 167 square kilometers located in the Alta Floresta gold province, central Brazil; and the Santa Angela gold project covering an area of 87 square kilometers. It also holds interest in the Tiros titanium and rare earth project that covers an area of approximately 450 square kilometers located in Minas Gerais, Brazil.
The stock is up 20% on no news.
A breakout is in play. Strong price action here and the next target resistance zone comes in at the $1.00 zone.
Top 5 Losers
Sendero Resources (SEND.V)
Market Cap ~ $6 million
Sendero Resources Corp., through its subsidiary, operates as an exploration company in Argentina. It primarily explores for copper and gold. The company holds a 100% interest in the Peñas Negras project, it exhibits close geological similarities to neighboring deposits covering an area of 120 square kilometers located in Vicuna district of Argentina.
The stock is down 21% on no news.
After printing new all time record lows, the stock did bounce finding some buyers. The sellers are stepping in again today. The lower high comes in at $0.12. A close above would lead to a new uptrend. We could be seeing an inverse head and shoulders pattern with todays drop. Keep an eye on this.
MedBright AI Investments (MBAI.CN)
Market Cap ~ $9.2 million
MedBright AI Investments Inc. invests in healthcare technology companies.
The stock is down 18% on no news.
The breakdown continues. Last week, I highlighted the breakdown below the $0.13 zone. We even had a retest of this zone before selling off even more. The next support zone comes in around $0.05.
MAX Resource Corp (MAX.V)
Market Cap ~ $13 million
Max Resource Corp. engages in the acquisition and exploration of mineral properties in South America and Canada. The company explores for silver and copper deposits. It holds 100% interest in the Cesar Copper-Silver project which consist of 20 mining concessions covering approximately an area of 188 square kilometers located in the northeastern Colombia.
The stock is down 16% on no news.
Yikes! On Friday the stock was halted and then opened with a gap down. The stock has taken out support at $0.09. A recovery above broken support must occur to have some bullish hopes. If not, the stock is set to print record lows.
Falco Resources (FPC.V)
Market Cap ~ $58 million
Falco Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in Canada. It explores for base and precious metals, as well as gold, zinc, copper, and silver deposits. The company owns mining claims and contractual rights in relation to mining concessions covering an area of approximately 70,000 hectares of land in the Rouyn-Noranda mining camp located in the Province of Québec. Its principal asset includes the Horne 5 Project located in the former Horne mine.
The stock is down 14% on no news.
A major breakdown is occurring and we even have a weird looking head and shoulders pattern. The neckline support is breaking. The next support comes in at $0.16.
KDA Group (KDA.V)
Market Cap ~ $57 million
KDA Group Inc., together with its subsidiaries, provides solutions and services to pharmacies and pharmaceutical companies in Canada. The company operates through three segments: Pharmacy Services, Pharmaceutical Solutions, and Technology. It provides pharmacy staff replacement services, professional and continued medical training services, pharmacy re-engineering services, and pharmaceutical training services. The company also offers PREDICTIVE e-Prescriber software for assisting doctors; and KRx, a cloud-based solution that analyzes each user’s prescription pattern and displays the appropriate expected medication.
The stock is down 13% on no news.
Another support here that is breaking. A close below $0.36 sets the stock up for a drop down to the $0.26 zone.
