Top 5 stock gainers and losers: PMET.V, FIND.V, DEC.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

Commander Resources (CMD.V)

Market Cap ~ $3 million

Commander Resources Ltd. engages in the acquisition, exploration, and development of moineral properties in Canada and Mexico. The company explores for gold, copper, nickel, and zinc deposits. It holds 100% interests in the Flume property located in Yukon; Henry Lee, Omineca, Mt. Polley, and October Dome properties located in British Columbia; and the First Loon and the Sabin properties located in Ontario, as well as interests in Burn property located in British Columbia; Nepisiguit property located in New Brunswick; South Voisey’s Bay property located in Labrador; and Pedro property located in Mexico.

The stock is up 40% on news that it has entered into a royalty purchase agreement dated January 22, 2024 to sell a portfolio of its royalty interests to a subsidiary of Taurus Mining Royalty Fund L.P., for total consideration of US $4.1 million in cash (CDN $5.5 million).

The stock printed new all time record lows and then formed a range. Today’s news has caused a gap up pop and the stock remains in breakout mode as long as it stays above the $0.065 zone.

Patriot Battery Metals (PMET.V)

Market Cap ~ $1.03 billion

Patriot Battery Metals Inc. engages in the identification, evaluation, acquisition, and exploration of mineral properties. The company primarily explores for gold, copper, silver, platinum, and lithium deposits. Its flagship properties include Corvette- FCI project comprising 417 claims totaling 21,357 hectares located in Quebec.

The stock is up 14% on news that the Board of Directors has unanimously agreed to revisions to both the Board and Company’s Executive team in support of the further rapid progress of the Company’s Corvette Project.

A nice pop after a major drop. Still however in pullback mode in this downtrend. A close back above $8.75 needs to be confirmed for a reversal.

Else Nutrition (BABY.TO)

Market Cap ~ $27 million

Else Nutrition Holdings Inc. engages in the development, production, and sale of food and nutrition products for infants, toddlers, children, and adults in North America and Israel. It offers baby snacks; baby feeding accessories, such as feeding bottles and teats; plant-based baby formula products; toddler, children, and adult nutrition products; and complementary food products.

The stock is up 15% on news that its toddler products and Ready-to-Drink (RTD) Kids Shakes in both Chocolate and Vanilla flavors in a prominent supermarket chain with over 100 stores throughout the Northeast. This marks a significant step in the brand’s U.S. expansion and the debut of Else Nutrition’s RTD products in U.S. brick-and-mortar stores.

The stock is back around a major support zone. Watch for a strong close above $0.24 to get things going. Look at the price action that occurred here in the past.

Collective Metals (COMT.CN)

Market Cap ~ $7.4 million

Collective Metals Inc. operate as a resource exploration company, focuses on the acquisition and exploration of mineral properties in Canada. The company had an option to acquire a 100% interest in the Up Town Gold project comprising six mineral claims, totaling 3,267.24 hectares located in the Northwest Territories.

The stock is up 16% on no news.

A very nice looking chart. Today’s close could confirm a nice breakout above $0.20 and be the turn around the stock has been looking for.

Razor Energy (RZE.V)

Market Cap ~ $18 million

Razor Energy Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in western Canada. The Company produces primarily light oil, natural gas, and natural gas liquids in Alberta. It operates assets in the Swan Hills area covering 155,520 gross acres of total land and the Kaybob area covering 84,320 gross acres of total land located in the west central Alberta, as well as the District South area covering 79,093 gross acres of total land located in the southern Alberta.

The stock is up 15% on no news.

The stock is continuing its uptrend and it has made a higher low and is now testing the key $0.50 resistance zone. Watch for a strong close here for continuation.

Top 5 Losers

Decade Resources (DEC.V)

Market Cap ~ $4.9 million

Decade Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company holds a 65% interest in the Red Cliff property in north of Stewart, British Columbia; a 100% interest in the Goat property that consists of 8 claims totaling 1210.40 hectares located in British Columbia; and an option to earn a 100% interest in the Terrace property covering 48 contiguous mineral claims situated in British Columbia. It also holds an option agreement to acquire up to 75% interest in the Del Norte property comprising 5,830.16 hectares in 13 separate claims located in east British Columbia; and a 100% interest in the Grassy property that contains approximately 830.20 hectares in 2 separate claims situated in north of Stewart, British Columbia.

The stock is down 60% on news it has received the assays from the recent drill program at the Nobody Knows No 1 and Nobody Knows No 2 zones at the Copper River project.

Not a good reaction from the news. The stock printed new all time record lows. There is some support at $0.05 so bulls should watch to see if a range develops here. However, there is a lot the stock needs to do to make up the new gap down.

MedBright AI (MBAI.CN)

Market Cap ~ $18 million

MedBright AI Investments Inc. invests in healthcare technology companies. The company was formerly known as Vinergy Capital Inc. and changed its name to MedBright AI Investments Inc. in November 2023.

The stock is down 18% on news it has entered into an agreement with Canaccord Genuity Corp. to act as sole bookrunner and lead agent in connection with the Offering of up to 6,994,887 units of the Company at a price of C$0.20 per LIFE Unit for gross proceeds of up to C$1,398,977.40.

An uptrend has ended with the close below the recent higher low. If the stock regains $0.24, it can turn things around. $0.16 is the next support zone.

Reflex Advanced Materials (RFLX.CN)

Market Cap ~ $11 million

Reflex Advanced Materials Corp. engages in the exploration of mineral properties in Canada. The company explores in battery metals space. It has an option agreement to acquire 100% interests in the Ruby Graphite project covering approximately 2,000 acres and 96 federal lode mining claims located in Beaverhead County, Montana; and the Zig-Zag Lake Lithium Property that consists of eight mining claims totaling approximately 2,710 hectares located in Thunder Bay Mining Division, Crescent Lake Area, Ontario.

The stock is down 16% on no news.

The stock broke above resistance at $0.20. Today, the stock is retesting this zone. This is where bulls should step in if the stock is to continue higher. If it does not, then we have had a false breakout.

Spectra7 Microsystems (SEV.V)

Market Cap ~ $16 million

Spectra7 Microsystems Inc. operates as an analog semiconductor company in Canada and China. The company offers virtual reality (VR) products, including VR7050 to enable lightweight and ultra-thin active interconnects for gesture recognition and motion control backhaul; augmented reality (AR) -Connect, an integrated cable, connector, and embedded chipset product line for AR vision systems and wearable computing devices; and DreamWeVR, includes VR8181, VR8050, VR8200 and VR8300 chips to support high-bandwidth, near-zero latency VR head-mounted displays, and AR glasses.

The stock is down 16% on no news. Yesterday, the Company announced they successfully achieved robust performance testing and will demonstrate their latest 800Gbps product offerings at this year’s annual DesignCon Conference Exhibition in Santa Clara, California from Jan 31-Feb 1, 2024.

The stock is rejecting the $0.50 resistance zone. It looks like the downtrend is set to continue with this rejection.

Baselode Energy (FIND.V)

Market Cap ~ $54 million

Baselode Energy Corp. engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for uranium, silver, and cobalt deposits. The company holds interests in the Mann project located in the Shining Tree district of Ontario; and Shadow, Hook, and Catharsis projected located in the Athabasca Basin area of northern Saskatchewan.

The stock is down 15% on news of a CAD $5 million bought deal private placement.