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
Red Pine Exploration (RPX.V)
Market Cap ~ $19 million
Red Pine Exploration Inc. engages in the acquisition, exploration, and development of mining properties in Canada. Its flagship project is the Wawa Gold Project that covers an area of 7,182 hectares located to the east of the Town of Wawa in northern Ontario.
The stock is up 33% on news of updated assay results for the Wawa Gold Project.
The stock sold off hard last week as the Company withdrew previously announced assay results for the Wawa Project. Now, the updated results have caused the stock to pop but it has a lot to do in order to recover the gap.
NiCAN Limited (NICN.V)
Market Cap ~ $9 million
NiCAN Limited engages in the exploration, development, operation, and financing of mining assets in Canada. The company primarily explores for nickel and copper deposits, as well as by-products of copper, cobalt, and platinum group elements. It holds interest in the Wine project consisting of 24 mineral claims covering an area of 5,666 hectares; and the Pipy project comprised of 20 mineral claims covering an area of 3,913 hectares located within the lake greenstone belt of Manitoba.
The stock is up 22% on news of initial set of assays from the 2024 drilling program.
A nice pop higher last month with the range breakout. Technically, the stock is in process of forming the first higher low in a new uptrend as long as it remains above the $0.06 zone. Watch for the recent highs to be taken out to confirm the new uptrend.
Avanti Gold (AGC.CN)
Market Cap ~ $11 million
Avanti Gold Corp. operates as a mineral exploration company. It engages in the exploration of gold properties. The company holds agreement to acquire a 100% interest in the Black Dog Lake gold property, which comprises various contiguous mineral claims covering 1,319.4 hectares located in the James Bay region of Quebec; holds 100% interest in the Wing Shear property that comprises various claim units covering 7,000 hectares situated northeast of Gander, Newfoundland and Labrador; and holds interest in Misisi Gold Project located in the Fizi territory of South Kivu province in the Democratic Republic of the Congo.
The stock is up 39% on no news. Last week, the Company announced it has appointed the esteemed Sir Samuel Jonah as a Director and Chairman of the Board of the Company. Sir Samuel Jonah, former president of AngloGold Ashanti and a distinguished leader renowned for his groundbreaking contributions to the mining sector in Africa, brings a wealth of experience that will help propel the growth of the Company.
A good rally after the confirmed range breakout to close last week. Resistance does come in around the $0.25 zone. However, the stock could pullback before forming a higher low as long as it remains above $0.14.
Quebec Pegmatite Holdings (QBC.CN)
Market Cap ~ $4.3 million
Quebec Pegmatite is a North American mining exploration company that specializes in lithium with three 100% owned properties, in three separate and highly sought after lithium regions, Mazerac and James Bay in Quebec and Minas Gerais in Brazil.
The stock is up 25% on no news.
I had to zoom in to show the current price action. The stock is bouncing from record low levels. A double bottom in play? Bulls should watch for a close above the $0.42 zone. A lot of work to be done.
Exploits Discovery (NFLD.CN)
Market Cap ~ $13 million
Exploits Discovery Corp., a mineral exploration company, engages in the evaluating, acquiring, and exploring of mineral projects in Canada. The company primarily explores for gold deposits. It holds a portfolio of properties, including the Jonathan’s Pond, Dog Bay, Mount Peyton, True Grit, Middle Ridge, Valentine Lake Trend, Bullseye, True Grit, Great Bend, and Gazeebow projects covering an area of approximately 2,000 square kilometers of mineral tenements located in Newfoundland and Labrador.
The stock is up 21% on no news.
After printing new record lows, the stock is now in a range set up. Watch for a close above $0.10 to trigger some momentum. The big breakout comes from taking out $0.14.
Top 5 Losers
Edge Total Intelligence (CTRL.V)
Market Cap ~ $26 million
Edge Total Intelligence Inc. engages in the development, marketing, and sale of network management software in the United States and internationally. Its edgeCore, a real-time digital operations software that unites multiple software applicates and data sources into one immersive experience. The company’s platform provides results in the operational areas of technology operations and automation, enterprise performance and compliance, digital transformation, enterprise businesses, and intelligent automation. It also offers various systems engineering and business consulting services to accommodate information management requirements for commercial and government customers.
The stock is down 21% on no news.
The stock was printing higher lows and higher highs, but rejected $1.00 and is now in a downtrend with lower highs and lower lows. The major $0.50 zone is being tested. Let’s see if bulls can hammer a bottom here.
Hot Chili Limited (HCH.V)
Market Cap ~ $116 million
Hot Chili Limited operates as a mineral exploration company in Australia and Chile. The company explores for copper, gold, and molybdenum, as well as silver deposits. Its flagship property is the Cortadera Copper-Gold Project located along the Chilean coastal range, Chile. The company also holds option agreement to acquire 100% interest in the Cometa project in Chile.
The stock is down 11% on news of an AUD $24.9 million financing at an offer price of A$1.00 per Share.
A drop on the financing as price adjusts to the offer price. This is a major support area for the stock ($0.95-$1.00) zone. Currently, buyers are jumping in here as can be seen by the long wick candle.
Verde Agritech (NPK.TO)
Market Cap ~ $38 million
Verde AgriTech Limited, an agricultural technology company, produces and sells fertilizers in Brazil and internationally. The company offers multi-nutrient potassium fertilizer under the K Forte, BAKS, and Super Greensand brand names. It also holds a 100% interest in the Cerrado Verde project, which is the source of potassium silicate rock and a glauconitic siltstone material that includes 32 granted exploration permits covering an area of approximately 48,536 hectares located in the Alto Paranaiba region of Minas Gerais State, Brazil.
The stock is down 10% on no news.
The downtrend continues. There was signs of a range developing just above $0.80, but the range has broken. If the stock cannot find support around $0.75, the next support comes in at $0.50.
DLP Resources (DLP.V)
Market Cap ~ $37 million
DLP Resources Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and Peru. It explores for lead, zinc, copper, molybdenum, and cobalt deposits. The company holds 100% interests in the Aldridge 1 project consists of 48 claims covering an area of totaling 15,444.79 hectares located on the southwest of Cranbrook; the Aldridge 2 project consists of six claims covering an area of totaling 1,939.5 hectares located on the southwest of Cranbrook; the Hungry Creek property that consists of 74 claims covering an area of totaling 38,852.9 hectares located on the west of Kimberley; and the Redburn property comprising 7 claims blocks covering an area of totaling 3,365.22 hectares located in the northeast of Golden. It also holds the Copper Creek property that consists of 27 claims covering an area of totaling 11,296.5 hectares located on the north of Kimberley; the DD-Panda-Moby Dick and NZOU properties located in the Purcell range of British Columbia; and the Aurora is a porphyry copper-molybdenum project covering an area of totaling 5,600 hectares located in the Southern Peru; and the Esperanza is a porphyry copper-molybdenum project consisting of 4600 hectares located in the Southern Peru.
The stock is down 10% on no news.
A higher low is being tested here at the $0.32 zone. Seeing initial signs of buyers here with the large wick. A close below this zone would send the stock down to $0.26.
Talon Metals (TLO.TO)
Market Cap ~ $149 million
Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. The company owns a 51% interest in the Tamarack nickel-copper-cobalt project located in Minnesota, the United States. It has an option to acquire 80% interest in the mineral rights over a land package covering an area of approximately 400,000 acres located in the Upper Peninsula of the State of Michigan.
The stock is down 8% on no news.
I would not be worried just yet. The stock has broken above the range at $0.14 and is attempting to form its first higher low in a new uptrend. Watch for a candle close above the $0.17 zone to confirm this.
