Top 5 Stock Gainers and Losers: HEAT.CN, WIFI.CN, DEFI.NE

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

Hillcrest Energy Technologies (HEAT.CN)

Market Cap ~ $25 million

Hillcrest Energy Technologies Ltd. engages in developing power conversion technologies and digital control systems for powertrains, and grid-connected renewable energy generation systems. It offers electric vehicle traction inverter, power module, grid inverter, and powertrain solutions, as well as develops a zero voltage switching inverter technology platform.

The stock is up 29% on no news. Yesterday, the Company announced the completion of a joint development agreement with Ocean Batteries AS for the delivery of 300kVA | 800V Hillcrest ZVS inverter prototypes.

In yesterday’s post, I mentioned that a close above $0.275 would signal a break above resistance. This happened and the momentum on the break makes the stock one of the top performers on the Canadian markets. The next resistance comes in around the $0.40 zone.

American Aires (WIFI.CN)

Market Cap ~ $35 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 up 31% on news that Aires achieved a 47% year-over-year increase in order volume in April, followed by an impressive 98% surge in May. This continues the strong growth trajectory seen in previous years, with 128% YoY growth from 2021 to 2022 and 79% YoY growth from 2022 to 2023.

A very good looking set up here. Yes, the stock has tumbled, but it has hit a major support level at $0.25. We also printed a hammer candle two days ago. A daily candle close above this hammer would set up a move up to the $0.50 zone.

NurExone Biologic (NRX.V)

Market Cap ~ $57 million

NurExone Biologic Inc., operates as a pharmaceutical technology company. It is developing an off-the-shelf, non-invasive, and novel treatment for the reversal or reduction of paralysis following spinal cord injury using membrane-bound extracellular vesicles technology, as well as to treat brain trauma injury, and other brain and neurological indications.

The stock is up 38% on no news.

Another nice set up. A double bottom was confirmed with a break above $0.55. The stock continues to ramp up and the downtrend line is very likely broken. The target? The $1.10 zone.

TeraGo (TGO.TO)

Market Cap ~ $49 million

TeraGo Inc., together with its subsidiaries, provides connectivity services for businesses primarily in Canada. It owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, and Internet protocol communications network that provide Internet access, private interconnection, and data connectivity services.

The stock is up 25% on no news.

The stock is slowly continuing its uptrend and you can see the higher lows and higher highs. The stock has support at $2.00, and a close above $2.60 gets the momentum going.

Xplore Resources (XPLR.V)

Market Cap ~ $3.2 million

Xplore Resources Corp. is a mining exploration company, which engages in the acquisition and development of copper and gold properties. Its projects include Valk, Pringle Lake, Upper Red Lake and Perrigo Lake.

The stock is up 22% on no news.

Just a bounce at support. A close above $0.12 by the end of the day would be significant and would allow the stock to test levels above $0.16.

Top 5 Losers

DeFi Technologies (DEFI.CN)

Market Cap ~ $720 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 down 20% on news that its subsidiary Valour Inc. has introduced the world’s first and only yield-bearing Bitcoin ETP to German investors in collaboration with the Core Foundation, an organization dedicated to the development of the Core blockchain network.

The stock has had a major run and profits are being taken. Also, the crypto market is taking a bit of a hit right now. The current higher low comes in at $2.20. Watch this zone for support.

BTQ Technologies (BTQ.NE)

Market Cap ~ $62 million

BTQ Technologies Corp. engages in the research and development of computer-based technology related to post-quantum cryptography for applications in blockchain and related technologies. It offers a range of post quantum products, including custom-built languages and compilers to cloud-accessible software solutions and dedicated hardware.

The stock is down 21% on no news.

The stock is pulling back but is still in breakout mode. A retest will occur when the stock pulls back to the $0.45-$0.50 zone.

Vital Battery Metals (VBAM.CN)

Market Cap ~ $4.9 million

Vital Battery Metals Inc. engages in the acquisition and exploration of mineral property assets. The company explores for copper deposits. It has an option to acquire approximately 100% interests in the Vent property that consists of two contiguous claims totaling approximately 1,561.12 hectares land in one claim block located in Vancouver Island, British Columbia, Canada.

The stock is down 15% on no news.

The stock is testing record low levels. Will this zone become support with a double bottom pattern? Watch for large wicks or large green body candles. A close below sets up a move to new all time record lows.

Lexston Mining (LEXT.CN)

Market Cap ~ $3 million

Lexston Mining Corporation operates as a mineral exploration company that focuses on the acquisition and development of mineral projects.

The stock is down 13% on no news.

The stock is testing a key resistance zone. This could be the third rejection here. Support comes in at $0.08. Wait for a break in either direction.

Optimi Health (OPTI.CN)

Market Cap ~ $31 million

Optimi Health Corp. engages in the research, cultivation, processing, extraction, and distribution of psilocybin, psilocin, other psychedelic substances, and functional mushrooms for health and wellness markets in Canada and internationally. The company offers raw mushroom biomass, mushroom extracts, and mushroom supplements, as well as a range of fungi varieties, including Lion’s Mane, Chaga, Reishi, Turkey Tail, and Cordyceps.

The stock is down 10% on no news.