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
Boron One Holdings (BONE.V)
Market Cap ~ $26 million
Boron One Holdings Inc. engages in the acquisition, exploration, and development of mineral properties. The company explores for borate. It holds interests in the Piskanja project covering an area of approximately 3 square kilometers located to the south of Belgrade, Serbia.
The stock is up 100% on news its amended Geological Elaborate for its Piskanja Boron Project, has received approval from the Serbian Mining Ministry’s Independent Commission of local mining experts, as a requisite step in the mineral exploitation licensing process.
A big pop with the news, and a close above the $0.11 resistance zone. It looks like an inverse head and shoulders reversal pattern has triggered. A retest of $0.11 is possible before continuation.
MustGrow Biologics (MGRO.V)
Market Cap ~ $73 million
MustGrow Biologics Corp., an agricultural biotech company, focuses on development and commercialization of natural biopesticides, biofumigants, and bioherbicides derived from mustard seed. It provides preplant soil biofumigation, a technology to treat soil-borne diseases and pests for various crops, including fruit, vegetables, and other crops; and TerraMG, a mustard-derived soil biopesticide technology for use as a preplant soil biopesticide for soil-borne diseases and pests for various crops, such as fruits & vegetables, bananas, canola, and pulses.
The stock is up 38% on news that the Company has signed a commercial license agreement with Bayer for biocontrol technologies in Europe, the Middle East, and Africa.
Positive news, especially given where the chart is. Could this be the catalyst to initiate a new uptrend? First, bulls would want to see a candle close above the $1.60 zone to trigger the beginning of a potential reversal.
Tryp Therapeutics (TRYP.CN)
Market Cap ~ $5.8 million
Tryp Therapeutics Inc., a clinical-stage biotechnology company, focuses on developing psilocybin-related molecules. The company’s Psilocybin-For-Neuropsychiatric Disorders (PFN) program focuses on the development of synthetic psilocybin-related molecules as a new class of drug for the treatment of binge eating, chronic pain, and other indications. Its program candidate includes TRP-8803, a psilocybin-based drug product for the treatment of diseases with unmet medical needs through accelerated regulatory pathways.
The stock is up 33% on the news it has entered an arrangement agreement with Exopharm Limited.
The stock printed all time record lows recently but things could be turning around. We seem to have printed a first higher low which could lead to a break above $0.08. But the main resistance level comes in at the $0.10 zone.
Quebec Precious Metals (QPM.V)
Market Cap ~ $8.5 million
Quebec Precious Metals Corporation engages in the acquisition, exploration, and development of mining projects in Canada. The company explores for gold and rare earth metals. Its flagship project is the Sakami gold project that consists of 281 claims covering an area of 143 square kilometers located in Eeyou Istchee James Bay territory in Quebec.
The stock is up 28% on no news.
A nice strong engulfing candle being printed at support. Watch the resistance zone at $0.11.
Forza Petroleum (FORZ.TO)
Market Cap ~ $84 million
Forza Petroleum Limited engages in the acquisition, exploration, development, commercialization, and production of crude oil and natural gas in the Middle East. The company has a 65% participating and working interest in the Hawler license area located in the Kurdistan Region of Iraq.
The stock is up 27% on news the Company is going private for a 36% premium. For a consideration of CAD $0.15.
A strong pop near the $0.10 support zone. The stock is trading at $0.14 and $0.15 will be the cap given that is the consideration price.
Top 5 Losers
American Future Fuel (AMPS.CN)
Market Cap ~ $20 million
American Future Fuel Corporation engages in the acquisition, exploration, and development of interests in mining projects. It holds interest in the Ceboletta uranium project located in west-central New Mexico; and the Red Basin Uranium Project located in the Red Basin Pie Town Mining District of Catron and McKinley counties of New Mexico.
The stock is down 20% on news of a private placement for up to CAD $3 million.
The stock is about to test a key support zone at $0.25. If it closes below this level, the stock can drop below the $0.20 zone.
Quimbaya Gold (QIM.CN)
Market Cap ~ $7.8 million
Quimbaya Gold Inc., together with its subsidiaries, engaged in the acquisition, exploration, and development of mineral properties in Colombia. It explores for gold and silver deposits.
The stock is down 21% on no news.
The stock is within a range with resistance at $0.60. We are now testing a key support zone. Perhaps buyers jump in and continue to hold this range.
POSaBIT Systems (PBIT.CN)
Market Cap ~ $45 million
POSaBIT Systems Corporation operates as a financial infrastructure provider in Canada and the United States. It provides point-of-sale solutions and cashless payment services for cannabis retailers in the United States.
The stock is down 20% on no news.
The stock is down but holding a range. Key support is here at the $0.29 zone. A breakdown could take us down to the $0.125 support.
Tincorp Metals (TIN.V)
Market Cap ~ $16 million
Tincorp Metals Inc. operates as a mineral exploration company. It primarily explores for tin, gold, silver, and zinc deposits. The company holds a 100% interest in the Porvenir project, which covers an area of 11.25 square kilometers; and SF tin project covering an area of 2 square kilometers located in Bolivia. It also has a 100% interest in the Skukum gold project comprising 1,051 mining claims covering an area of approximately 170.3 square kilometers, including Skukum Creek, Goddell, and Mount Skukum mineral deposits located in the Yukon, Canada.
The stock is down 15% on no news.
After breaking below $0.32, the stock has been printing new all time record lows. Right now, it is like catching a falling knife. Wait for some sort of selling pressure exhaustion signals.
DMG Blockchains Solutions (DMGI.V)
Market Cap ~ $59 million
DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification; co-location hosting; data center optimization, and infrastructure consulting services. In addition, the company provides infrastructure consulting in various fields, including location and power infrastructure review, air flow and cooling contact, high and low voltage power design and engineering, and facility power distribution design and engineering.
The stock is down 14% on no news.
The stock is pulling back just as Bitcoin and other cryptos are pulling back. A support zone is approaching around the $0.32-$0.34 zone. Watch to see if buyers step in here.
