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 Gainers
Intellabridge Technology (KASH.CN)
Market Cap ~ $9.1 million
Intellabridge Technology Corp., technology-based company provides financial solutions in the United States of America and internationally. It offers KarmaCard, a debit card with integrated cashback and donation solutions; Kash, a decentralized data and aggregation application; ChargaCard, a P2P payment processing platform for the informal credit markets; and BitDropGo, an augmented reality advertising platform.
The stock is up 47% on no news.
The stock recently gapped down to support and has seen a few days of basing at support at $0.10. The stock can make a run here but there is a lot of gap resistance. The stock needs to close above $0.375 to fill this gap.
Discovery Harbour Resources (DHR.V)
Market Cap ~ $1.23 million
Discovery Harbour Resources Corp. engages in the acquisition, exploration, and evaluation mineral properties in the United States and Canada. The company explores for gold. It holds an 100% interest in the Fortuity 89 property, which comprise 46 mineral claims located in southwestern Nevada.
The stock is up 30% on no news.
The stock is basing, but more importantly, we are seeing larger volume than normal in recent days. Preparing for a breakout? Watch for a strong close above $0.16.
Barksdale Resources (BRO.V)
Market Cap ~ $17 million
Barksdale Resources Corp. engages in the acquisition and exploration of precious and base metal mineral properties in the United States and Mexico. It primarily explores for copper, zinc, lead, silver, and gold ores. The company’s primary asset is the Sunnyside property comprising of 286 unpatented mining claims covering approximately 5,223.71 acres located in the Patagonia Mountains of southern Arizona. It also holds interest in the San Antonio, the Four Metals, the Canelo, and the Goat Canyon projects located in Santa Cruz County, Arizona; and the San Javier property located in central Sonora, Mexico.
The stock is down 22% on no news.
One for reversal traders to watch. The stock is clearly in a downtrend, but things could be turning. However, the stock must close above the gap with a close above $0.24.
Cannabix Technologies (BLO.CN)
Market Cap ~ $43 million
Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for employers, law enforcement, workplaces, and laboratories in the United States. It develops tetrahydrocannabinol breath analyzers, a point of care breath testing tool for the rapid detection of recent cannabis use; MS breath sampler; and contactless alcohol breathalyzer, as well as breath collection units.
The stock is up 11% on no news. Yesterday, the Company announced it will be presenting at the International Association for Chemical Testing (IACT) conference in April.
The stock triggered a breakout when it closed above the $0.275 zone. Very strong price action here. The next major resistance comes in at $0.50. A pullback is likely due, but the stock remains bullish above $0.275.
POET Technologies (PTK.V)
Market Cap ~ $92 million
POET Technologies Inc. designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques. It also develops photonic integrated components. The company serves the data center, telecommunications, Internet of things and industrial sensing, automotive LIDAR, optical coherence tomography for medical devices, and virtual reality systems markets.
The stock is up 11% on no news.
Love the set up. We have a double bottom pattern with a rising second bottom. The stock needs a breakout to confirm a reversal. The stock needs a close above $2.00 to trigger.
Top 5 Losers
Abound Energy (ABND.CN)
Market Cap ~ $2.5 million
Abound Energy Inc. develops and commercializes zinc-air flow batteries. Its zinc-air technology is designed to deliver power in the range 20kW – 50MW.
The stock is down 32% on no news.
The stock rejected resistance near $0.50. With a break below support, the stock looks likely to retest support now at $0.05.
Class 1 Nickel and Technologies (NICO.CN)
Market Cap ~ $16 million
Class 1 Nickel and Technologies Limited engages in the exploration and development of minerals and base metals in Canada. The company explores for nickel, copper, and cobalt sulphide deposits. Its flagship project is the Alexo-Dundonald project, which include 29 patented claims, 40 leased claims, 21 single cell mining claims, and five boundary cell mining claims that covers an approximately 1,895 hectares located to the northeast of Timmins, Ontario.
The stock is down 19% on no news.
Not anything for bulls to worry about currently. The stock is pulling back to retest the $0.07 zone. Watch to see if buyers will jump in here.
Canter Resources (CRC.CN)
Market Cap ~ $12 million
Canter Resources Corp. focuses on the exploration for and development of base and precious mineral resources in Canada. It has an option to acquire a 60% interest in the Schotts Lake property consists of 12 MARS mineral claims covering an area of 2,160 hectares located to the northwest of Flin Flon, Manitoba.
The stock is down 11% on news it is commencing a 10 hole drill program at the Columbus Lithium-Boron Project in Nevada.
The stock continues to drift down day by day. The support comes in at $0.125. However, this is a major gap test right now.
Nubeva Technologies (NBVA.V)
Market Cap ~ $29 million
Nubeva Technologies Ltd. develops and licenses software-based decryption solutions and TLS (SSL) network decryption solutions. It engages in the provision of cloud-based security software and services, as well as professional services.
The stock is down 10% on no news.
The stock is finding some interim resistance here at the $0.50 zone. If the stock can confirm a close above this level, it will lead to a retest of the $0.75 zone.
Optimi Health (OPTI.CN)
Market Cap ~ $27 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. It sells its products through www.optimilife.com, an e-commerce website platform; and Amazon marketplace, and distributors/brokers.
The stock is down 9% on news of a partnership with the Kwantlen Polytechnic University Applied Genomics Centre.
The stock is in good shape with a break above $0.26. A higher low could be setting up here with the beginning of a new uptrend. We are seeing some resistance sell off here at $0.34. Watch for a close above this level in the next few days.
