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
VSBLTY Groupe Technologies (VSBY.CN)
Market Cap ~ $9.1 million
VSBLTY Groupe Technologies Corp., a retail technology company, operates as a software provider of artificial intelligence security and retail analytics technology solutions. The company’s software modules include DataCaptor, a software module that leverages camera and sensor technology with artificial intelligence to provide real time analytics and audience measurement; VisionCaptor, a content management system; and VSBLTY Vector, a software module that interfaces with a local or remote database to detect persons or objects of interest within a camera’s field of view.
The stock is up 57% on no news.
A range breakout was confirmed yesterday and the momentum is continuing today. The stock can confirm another breakout with a close above $0.19 by the end of the day.
Marimed (MRMD.CN)
Market Cap ~ $174 million
MariMed Inc. engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature’s Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby’s Baked brand; and drink mix under Vibations brand. It also offers chewable cannabis-infused mint tablet under the brand Kalm Fusion; and flower, vapes, and edibles under InHouse brand.
The stock is up 12% on no news.
A choppy chart here but a range is being built here around support. Watch for a close above $0.50 for the next move.
Canopy Growth (WEED.TO)
Market Cap ~ $960 million
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company’s products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands.
The stock is up 25% on no news.
This is looking good for bulls. Some profits were taken yesterday at resistance, but buyers are re-entering today. Watch for a close above these highs for a major breakout.
Excellon Resources (EXN.TO)
Market Cap ~ $11 million
Excellon Resources Inc. engages in the acquisition, exploration, and advancement of mineral properties. It primarily explores for silver, lead, zinc, and gold deposits, as well as base metals. The company holds 100% interests in the Platosa property covering an area of approximately 11,000 hectares located in Durango State, Mexico; the Evolución property that covers an area of 31,280 hectares situated in the states of Durango and Zacatecas, Mexico; and the Silver City project totaling an area of 340 square kilometers in Saxony, Germany. It also holds 100% interests in the Kilgore project comprising 789 unpatented federal lode claims that covers an area of 6,788 hectares located in Clark County, eastern Idaho; and the Oakley project covering an area of 2,833 hectares in Oakley, Idaho. In addition, the company has an option to acquire the La Negra project located in Querétaro State, Mexico.
The stock is up 25% on no news.
A continuation with a higher low formed and an uptrend in motion. Some sellers around the psychological $0.25 zone. Watch for a close above this zone but the stock looks good above $0.14.
Cardiol Therapeutics (CRDL.TO)
Market Cap ~ $159 million
Cardiol Therapeutics Inc., a clinical-stage life sciences company, focuses on the research and development of anti-fibrotic and anti-inflammatory therapies for the treatment of cardiovascular disease (CVD). Its lead product CardiolRx, which is in Phase II/III multi-national, randomized, double-blind, and placebo-controlled study to evaluate the efficacy and safety of CardiolRx for patients hospitalized with COVID-19, as well as for the treatment of recurrent pericarditis and acute myocarditis. The company is also developing subcutaneous formulation of CardiolRx for the treatment of fibrosis and inflammation in the heart that is related with the development and progression of heart failure.
The stock is up 23% on no news.
The uptrend is intact and the stock saw buyers jump in around the $2.00 zone. The continuation comes with the close above recent highs.
Top 5 Losers
Nine Mile Metals (NINE.CN)
Market Cap ~ $6.9 million
Nine Mile Metals Ltd. engages in the acquisition, development, and exploration of mineral properties. The company holds interests in Black Point Property located in Eureka County, Nevada. It also holds interest in the Nine Mile Brook and the Canoe Landing Lake West mining projects located in New Brunswick, Canada.
The stock is down 16% on news it has received certified assays for drill hole WD-24-02 at the Wedge Mine situated in the renowned Bathurst Mining Camp, New Brunswick.
The assays turned out to not be the catalyst to propel the stock further in its uptrend. However, support still remains at $0.09.
Showcase Minerals (SHOW.CN)
Market Cap ~ $28 million
Showcase Minerals Inc. engages in the identification, acquisition, exploration, and development of mineral projects. The company primarily explores for gold and vanadium deposits. It owns interests in the Dixie Flats which consist of 180 unpatented lode claims covering approximately 1311 hectares; the North Star which consist of 56 unpatented lode claims covering 360 hectares; and Woodruff claims which consist of 18 unpatented lode claims covering approximately 147 hectares located in Elko County, Nevada.
The stock is down 26% on no news.
Most of the gains have been given back as profits have been taken. The stock has support at $1.20 and attempted to bounce. Sellers are stepping in once again.
Metal Energy (MERG.V)
Market Cap ~ $2.6 million
Metal Energy Corp. engages in the acquisition and exploration of mineral properties in Canada. It explores for nickel and copper deposits, as well as platinum group elements. The company’s flagship project is the Manibridge project that comprises approximately 4,368 hectares located in Manitoba on the Thompson Belt.
The stock is down 28% on news of results at the SourceRock Project.
New record lows have been printed for the stock. Watch for a range here or a close back above $0.03 to see the return of buyers.
Golden Rapture Mining (GLDR.CN)
Market Cap ~ $4.8 million
Golden Rapture Mining Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds 100% interest in the Phillips Township gold property that consists of 236 claim cells covering an area of approximately 10,000 acres located in the Kenora mining division, NW Ontario. It also holds an option to earn a 100% interest in the Fulford Township Hutchison/Maylac gold mine property with 60 claim cell units totaling approximately 2,800 acres located on the northern border of the town of Geraldton, northwestern Ontario.
The stock is down 20% on no news.
Not much to say with the limited amount of price data. However, thus far, the candle is closing below the previous body low at $0.25. A close below this level will likely send us down to lower body candles.
Perpetual Energy (PMT.TO)
Market Cap ~ $32 million
Perpetual Energy Inc. engages in the exploration, production, and marketing of oil and natural gas in Canada. The company’s portfolio of assets includes liquids-rich natural gas assets located in deep basin of west central Alberta; heavy crude oil and shallow conventional natural gas assets in Eastern Alberta; and undeveloped bitumen leases located in Northern Alberta.
The stock is down 14% on news of year end 2023 financial and operating results.
Some profit taking after the news but the chart setup is still looking good. Breakouts tend to see a pullback for a retest providing another entry for bulls. Keep an eye around this $0.45 zone for buyers.
