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
CopperCorp Resources (CPER.V)
Market Cap ~ $7.3 million
CopperCorp Resources Inc. engages in the acquisition, exploration, and evaluation of mineral resources in Australia. The company primarily explores for copper and gold deposits. It holds interests in the Alpine project and Skyline project located in West Tasmania.
The stock is up 21% on news of channel sampling with intersections of up to 9.0m @ 2.92% Cu, 1.79 g/t Au and 10.17 g/t Ag, confirm historically reported high-grade Cu-Au mineralization at the prospect.
Record lows were printed this month, and the stock is now finding itself within a range. Generally a sign that selling pressure has exhausted. However, bulls should watch for a break above the $0.10 zone. Today’s news could be the catalyst for the technical break.
Cerro De Pasco Resources (CDPR.CN)
Market Cap ~ $43 million
Cerro de Pasco Resources Inc., a natural resource company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for zinc, copper, lead, silver, and gold deposits. It holds 100% interests in the El Metalurgista mining concession covering an area of approximately 95.74 hectares located in Lima, Peru.
The stock is up 19% on no news.
Strong price action today. The stock has broken out above $0.11. Now, resistance is being tested at $0.13. The break remains intact as long as the price remains above $0.11.
Railtown AI Technologies (RAIL.CN)
Market Cap ~ $33 million
Railtown AI Technologies Inc. develops artificial intelligence (AI) based platform for software developers in Canada. It offers Railtown AI, an AI-driven platform that preforms a variety of functions comprising understanding the root cause of every issue at the earliest stage of the development pipeline, knowledge around the history of documentation, builds, deployments, assigned tasks, and engineering performance, as well as velocity to preforming tasks comprising automated progress reports, and ticket and documentation generation.
The stock is up 16% on no news.
Breakout mode. Wow. Strong price action and record highs is the next resistance zone. The stock has support around the $0.26 zone. A pullback with profit taking can occur but these dips are likely to be bought given the strong momentum here.
Falco Resources (FPC.V)
Market Cap ~ $95 million
Falco Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in Canada. It explores for base and precious metals, as well as gold, zinc, copper, and silver deposits. The company owns mining claims and contractual rights in relation to mining concessions covering an area of approximately 70,000 hectares of land in the Rouyn-Noranda mining camp located in the Province of Québec. Its principal asset includes the Horne 5 Project located in the former Horne mine.
The stock is up 16% on news of the opening of Espace Falco located at 157 rue Principale in Rouyn-Noranda. This new space is dedicated to meeting citizens, groups and organizations wishing to learn about the Falco Horne 5 project.
A bounce on the news and technical traders will like the break back above $0.30 This area was resistance after the recent breakdown. If the stock can hold this close by the end of the trading day, we can make a run back to recent highs.
Copper Fox Metals (CUU.V)
Market Cap ~ $145 million
Copper Fox Metals Inc. engages in the exploration and development of copper mineral properties in Canada and the United States. The company holds interest in the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. It also holds interest in the Eaglehead porphyry copper project located in the Liard Mining District of British Columbia; Van Dyke, an advanced stage in-situ copper recovery project located in the Globe-Miami Mining District, Arizona; Sombrero Butte project located in the northeast of Tucson, Arizona; and Mineral Mountain copper project, which is located in Florence, Arizona.
The stock is up 23% on no news.
Copper price is up today while gold and silver are down. This is why there are plenty of top copper stocks moving today. Copper fox had a nice retest of the $0.19 zone. Recent highs are being tested. Bulls should await the breakout confirmation.
Top 5 Losers
MAX Resource Corp (MAX.V)
Market Cap ~ $26 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 down 30% on news it has entered into an Earn-In Agreement with Freeport-McMoRan Exploration Corporation, a wholly owned-affiliate of Freeport-McMoRan Inc. relating to Max’s wholly-owned Cesar Copper-Silver Project in Northwestern Colombia. Freeport has been granted a two-stage option to acquire up to an 80% ownership interest in the Cesar Project by funding cumulative expenditures of C$50 million and making cash payments to Max of C$1.55 million.
A dump on the news and as profits are being taken. Technically, the breakout retest occurs at $0.12. There is some support here at $0.14 which is also being respected evident by the wick on the daily candle. There are some buyers here.
T2 Metals (TWO.V)
Market Cap ~ $7.2 million
T2 Metals Corp., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Canada and the United States. The company primarily holds a 90% interest in the Sherridon copper-zinc-silver-gold property that includes 28 mining claims and 1 mineral lease covering an area of 4,968 hectares located in the Sherridon mining district, Manitoba. It also holds 100% interests in the Cora copper project, which consists of 46 granted lode mining claims covering an area of 3.84 square kilometers situated in Pinal County, Arizona; and Lida copper project that includes 58 granted lode mining claims covering an area of 2.75 square kilometers located in Esmeralda County, Nevada.
The stock is down 19% on no news.
After beginning a new trend by breaking out above $0.16, the stock has yet to form its first higher low. The support area around $0.25 is being tested. A close below would lead to a deeper pullback towards the $0.16 zone.
Element79 Gold Corp (ELEM.CN)
Market Cap ~ $16 million
Element79 Gold Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mining properties in Canada, the United States, and Peru. It primarily explores for gold, silver, and associated metals.
The stock is down 11% on no news.
The stock broke below the range at $0.28 and is now confirming the retest with more recent lows. Watch for the next support area around $0.15 to be tested.
Star Royalties (STRR.V)
Market Cap ~ $19 million
Star Royalties Ltd. operates as a precious metals and carbon credit royalty and streaming company. The company focuses on providing wealth creation through originating transaction structuring with alignment to both counterparties and shareholders. It specializes in bespoke and operator-friendly financing solutions, including originating and restructuring of royalties and streams in precious metals and in North American nature-based carbon offset projects.
The stock is down 6% on no news.
An attempt to breakout above $0.29 has failed and the stock rejected this resistance zone. Perhaps a right shoulder can be formed here before breaking out to initiate an inverse head and shoulders pattern.
Oroco Resource (OCO.V)
Market Cap ~ $118 million
Oroco Resource Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico. It explores for gold, silver, and copper deposits. The company primarily focuses on the Santo Tomas porphyry copper project located in Sinaloa State. It also holds 100% interests in the Xochipala project that includes Celia Gene and Celia Generosa contiguous mineral concessions covering an area of 193 hectares located in Guerrero; and the Salvador property that covers an area of 100 hectares located in Guerrero.
The stock is down 10% on no news.
After forming the first higher low in a new uptrend, the stock is lacking momentum. Now, the higher low coincides with the important psychological $0.50 zone.
