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 Stocks
ME Therapeutics (METX.CN)
Market Cap ~ $141 million
ME Therapeutics Holdings Inc., a preclinical stage biotechnology company, engages in the development of cancer fighting drugs in the field of immuno-oncology.
The stock is up 135% on no news.
The stock is making a run and it going parabolic. New record highs but volume is low.
Sandfire Resources (SFR.V)
Market Cap ~ $143 million
Sandfire Resources America Inc. engages in the acquisition, exploration, and development of resource properties in the United States and Canada. The company explores for copper, cobalt, zinc, lead, and silver deposits. Its flagship property is the Black Butte copper project that consists of approximately 7,684 acres of fee-simple lands and 4,541 acres in 239 Federal unpatented lode-mining claims located in central Montana, the United States.
The stock is up 75% on news that the positive ruling by the Montana Supreme Court which reversed a 2021 district court decision and instructed the District Judge to have the Montana Department of Environmental Quality (MT DEQ) to completely reinstate Tintina Montana Inc.’s Mine Operating Permit, of the Black Butte Copper Project.
The stock is breaking out above a trendline. This is bullish especially since the stock has been ranging. Watch for a confirmed daily candle close above this trendline for a breakout confirmation. The next resistance comes in around the $0.19 zone.
Xebra Brands (XBRA.CN)
Market Cap ~ $2.7 million
Xebra Brands Ltd. engages in the cultivation, processing, manufacturing, design, and delivery of cannabis products in Canada and Mexico. It provides cannabis infused beverages, including seltzers, soft drinks, iced teas, lemonades, waters, and energy and sport drinks; and wellness products that include capsules, tinctures, topicals, and intimate oils for personal care.
The stock is up 42% on news it has been granted its first product authorization for the importation, launch and sale of its 250mg Tangerine Flavor CBD Tincture in Mexico.
A nice looking chart. A range has broken and it now looks like a new higher low will be formed. Technically, we need a close above the $0.075 zone to confirm this and the beginning of a new uptrend.
Frontier Lithium (FL.V)
Market Cap ~ $157 million
Frontier Lithium Inc. engages in the acquisition, exploration, and development of mining properties in North America. Its flagship property includes the PAK Lithium project, which covers approximately 27,069 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada. The company also holds interest in Spark Pegmatite project located in southeastern Ontario, Canada; and Pennock Pegmatite located in northwest Ontario, Canada; and Bolt Pegmatite located in Ontario, Canada.
The stock is up 27% on no news.
The stock seems to have bottomed after releasing Q3 financial statements. It is testing the resistance zone of $0.70. Watch for a daily close above this zone to confirm a reversal.
Black Mammoth Metals (BMM.V)
Market Cap ~ $4.3 million
Black Mammoth Metals Corporation, a natural resource company, engages in the acquisition and exploration of resource properties in the United States and Canada. Its holds 100% interest the Blanco Creek mineral property located in Central Idaho; and holds 100% interest in the Happy Cat Gold property covering an area of 1,113 hectares located in Lander County, Nevada.
The stock is up 25% on no news.
The stock is about to test a key resistance zone at $0.26. The stock has gapped up above the $0.20 zone and this going forward, will be the key support for the stock.
Top 5 Losers
Sendero Resources (SEND.V)
Market Cap ~ $22 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 20% on news of a technical update on the drill program at the Penas Negras Project.
The stock has been forming higher lows and higher highs in an obvious uptrend. Today’s break is crucial as it is occurring below a major support zone. The current higher low comes in at $0.24. If the stock closes below this price level, we can say the current uptrend is over.
Appia Rare Earths and Uranium (API.CN)
Market Cap ~ $17 million
Appia Rare Earths & Uranium Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Brazil. It primarily explores for rare earth elements (REE), uranium, and gallium deposits. The company owns 100% interests in the Elliot Lake property comprising 61 mining claims covering an area of approximately 13,008 hectares located in northern Ontario; and the Alces Lake property covering an area of 38,522.43 contiguous hectares, as well as the Eastside property that covers an area of 4,933 hectares; the Loranger property comprising 26,409 hectares; the North Wollaston property covering an area of 16,682 hectares; and Other side property comprising 27,291 hectares located in the Athabasca Basin area, northern Saskatchewan. It also holds the right to acquire a 70% the Cachoeirinha (PCH) project consists of 22 claims covering approximately an area of 40,963.18 hectares located in the Tocantins Structural Province in the Brasília Fold Belt, the Goiás State of Brazil.
The stock is down 13% on no news. Yesterday, the Company put out a press release reporting high grade total rare earth oxide results from its project in Brazil.
We can say that this is an important support zone for the stock. A close below would set us up to test the $0.06 zone again. And so far, it appears we are setting up for a daily close below $0.14.
C2C Metals (CTOC.CN)
Market Cap ~ $20 million
C2C Metals Corp. engages in the acquisition, exploration, and development of uranium, gold, copper, and other metals in the United States and Canada. It holds interests in the Codroy Uranium Project located in the western United States; the Lucky Joe property that consists of 548 claims covering 11,453 hectares of the Dawson Mining Division located in Dawson City, Yukon; and The Sonora Gulch property located to northwest of Carmacks, Yukon.
The stock is down 12% on no news.
Profit taking after a major uptrend. It appears as if the stock is about to form a head and shoulders pattern indicating a reversal. Technically, a close below the $0.17 zone would trigger this pattern.
Else Nutrition Holdings (BABY.TO)
Market Cap ~ $32 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 down 11% on no news.
The stock attempted to take out the $0.36 zone but failed. Support comes in at $0.24. Watch to see if buyers step in there and enter to attempt another breakout.
Delivra Health Brands (DHB.V)
Market Cap ~ $11 million
Delivra Health Brands Inc. through its subsidiaries, provides lifestyle and wellness products to consumers and patients in regulated markets worldwide. The company is involved in selling of cannabis, liquid sleep shots, sleep powder packets, gummies, and pain relief creams. It offers its products under LivRelief, Dream Water, and LivRelief infused brand names.
The stock is down 12% on news of Q2 2024 fiscal results.
Choppy price action but we have a break above the $0.025 zone which was resistance. Now the stock needs a close above $0.04 to confirm a higher low and thus a new uptrend.
