Top 5 Gainers and Losers: RHC.V, VG.V, PEI.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

Cannabix Technologies (BLO.CN)

Market Cap ~ $66 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 28% on news its breath Logix alcohol device has delivered positive impact to private monitoring agency in Montana.

This stock has been covered in multiple previous days of Top Stocks. A new uptrend is intact after the stock broke out of its basing pattern back around $0.25. Very bullish and investors should watch for a pullback due to profit taking.

Auric Resources (RES.V)

Market Cap ~ $6.1 million

Auric Resources Corp. does not have significant operations. It intends to identify and evaluate assets or businesses with a view to complete a transaction.

The stock is up 19% on no news.

Not much to say other than some very big volume today. Perhaps some news is coming down the pipeline?

MAX Resource (MAX.V)

Market Cap ~ $42 million

Max Resource Corp. engages in the acquisition, exploration, and development of mineral properties. It explores for gold, silver, and copper. The company holds interest in the Cesar copper-silver project situated in Colombia. It also has an option to acquire a 100% interest in the RT Gold property that includes two contiguous mineral concessions located within the district of Tabaconas, Peru.

The stock is up 14% on no news.

Market structure that I love. An inverse head and shoulders pattern was triggered, and the stock is now confirming a higher low with a break above recent highs. The next resistance zone comes in around $0.28.

Hercules Resources (HERC.CN)

Market Cap ~ $8.5 million

Hercules Resources Corp. engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for gold deposits. It has an option to acquire a 51% interest in the P3 property located at Ponce Enriquez Mining District, Province of Azuay, La Independencia Parish, the Republic of Ecuador.

The stock is up 13% on no news.

Not much to say other than the stock is bouncing around a major resistance zone up here close to the $0.36 zone. Watch for a breakout and support at $0.30 to hold.

Newcore Gold (NCAU.V)

Market Cap ~ $38 million

Newcore Gold Ltd., a mineral exploration, engages in the acquisition, advancement, and development of mineral properties in Ghana. It holds 100% interest in the Enchi gold project covering 216 square kilometers located in southwest Ghana, as well as holds seven prospecting licenses.

The stock is up 12% on news of a positive updated PEA for the Enchi Gold Project in Ghana.

A higher low is set to be confirmed with today’s daily close taking out recent highs. The next major resistance zone comes in at the $0.30 zone.

Top 5 Losers

Volcanic Gold (VG.V)

Market Cap ~ $9.8 million

Volcanic Gold Mines Inc. engages in the acquisition and exploration of resource properties. The company explores for gold and silver deposits. It holds an option to earn a 60% interest in Holly and Banderas gold-silver properties located in Guatemala.

The stock is down 17% on no news.

The stock is set to confirm a major breakdown with a close below $0.18. Watch for the gap fill too. Support comes in at $0.12.

Midnight Sun Mining (MMA.V)

Market Cap ~ $27 million

Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, and gold deposits. It owns a 60% interest in the Solwezi licenses located in Zambia.

The stock is down 16% on news of a $3.3 million private placement at a price of $0.22 per share.

The stock is within a large range between $0.33 and $0.19. Just wait for the break, but most likely the range will remain in play.

Prospera Energy (PEI.V)

Market Cap ~ $25 million

Prospera Energy Inc., a natural resources company, acquires, explores for, and develops petroleum and gas properties in Canada. It primarily holds interests in the Pouce Coupe and Red Earth properties in Alberta and Cuthbert; and Hearts Hill and Luseland properties in Saskatchewan.

The stock is down 14% on a 2024 corporate update.

The stock broke below the $0.08 zone and is now about to test the critical $0.05 zone. See if buyers will enter here.

Royal Helium (RHC.V)

Market Cap ~ $22 million

Royal Helium Ltd. engages in the exploration and development of helium properties in Canada. It holds approximately 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta.

The stock is down 15% on news of a $6 million bought deal financing at a price per unit of $0.09.

It is not looking too good for the stock. In no man’s land. The next support comes in at $0.02. The stock needs to climb back above $0.14 to show signs of a reversal. Watch for a range to develop to indicate the exhaustion of selling pressure.

Turnium Technology (TTGI.V)

Market Cap ~ $7.3 million

Turnium Technology Group Inc. develops and commercializes software-defined wide area networking (SD-WAN) platform in Canada. Its Turnium SD-Access platform is used to build single location business-grade connectivity; Turnium SD-Light, a platform to link hosted applications and communications; and SD-WAN platform is used to build communication networks that connect a business’ multiple branches or locations to each other, as well as to multiple cloud-hosted applications. The company offers security and VPN solutions for data and voice services. In addition, it offers professional IT and support services; sells hardware; and resells third party services to corporate clients.

The stock is down 26% on no news.