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
Exro Technologies (EXRO.TO)
Market Cap ~ $223 million
Exro Technologies Inc. focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.
The stock is up 8% on news that its Cell Driver™ stationary energy storage system has achieved UL certification status.
What a pop and a nice break over $0.50. However, profits are being taken. There is a gap which will be support, but bulls should watch for a close above $0.80 for further momentum.
MCF Energy (MCF.V)
Market Cap ~ $39 million
MCF Energy Ltd. operates as an upstream oil and gas company in Europe. It engages in the identification, exploration, and development of proven and unproven oil and gas reserves.
The stock is up 19% on news of the receipt of a final permit from the Southern Bavaria Mining Authority for exploratory drilling of the Kinsau 1A well, located in the Lech Concession. Drilling and completion are scheduled to start in September 2024.
The stock is gapping up on the news, however there is major resistance at $0.17. Sellers are stepping in here as can be seen with the large wick. Watch for a strong close above to confirm more momentum.
POET Technologies (PTK.V)
Market Cap ~ $188 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 26% on no news.
A pop and the stock is contained within a range. A close above $3.00 sends this stock moving to $3.50 and higher.
Boat Rocker Media (BRMI.TO)
Market Cap ~ $55 million
Boat Rocker Media Inc., an entertainment company, creates, produces, and distributes television and film content in Canada, the United States, and internationally. The company operates through three segments: Television, Kids and Family, and Representation. The Television segment engages in the creation and distribution of scripted and unscripted television content production, and owned IP distribution activities under the Boat Rocker Studios, Scripted, Proper Productions, Insight Productions, and Matador Content brands.
The stock is up 26% on news that it has sold its stake in talent management company Untitled Entertainment LLC for proceeds comprised of cash in the amount of approximately $51.6 million CAD.
The stock is bouncing after printing new all time record lows. A close above $1.00 will be a major break out of a major psychological zone.
SATO Technologies (SATO.V)
Market Cap ~ $24 million
SATO Technologies Corp., a blockchain company, engages in the cryptocurrency mining in Canada. The company engages in the business of utilizing equipment to solve computational problems to validate transactions on the blockchain and other; and provision of compute power for bitcoin mining. It also offers hosting services, including mining equipment; and operates a data center for digital asset mining.
The stock is up 18% on no news.
We have a V bottom reversal here but there is a chance of an inverse head and shoulders pattern if we get a pullback. $0.35 is the major resistance zone.
Top 5 Losers
UniDoc Health (UDOC.CN)
Market Cap ~ $19 million
Unidoc Health Corp. operates as a healthcare services company in Canada. It offers Virtual eHealth Clinics, which connects patients in urban, rural, and remote locations with medical care. The company’s solutions include kiosks and self-test centers, remote lab testers, self-check in and testing with AI powered assistant, automatic pharma dispensing machines, and doctor and hospital networks.
The stock is down 23% on no news.
Just a pullback after a major breakout into new all time record highs. Buyers should be entering at this support. A close below $0.70 would be seen as bearish.
AmmPower Corp (AMMP.CN)
Market Cap ~ $3.2 million
AmmPower Corp., a clean energy company, engages in the manufacturing and selling of green ammonia to farmers, and distributors and retailers of anhydrous ammonia used in fertilizer in Canada and the United States. It owns the Whabouchi South lithium exploration property located in the James Bay/Eeyou Istche region of Quebec.
The stock is down 20% on no news.
The stock printed new all time record lows but the stock remains in a range. Bulls should watch for a close above $0.035.
Nike Inc (NKE.NE)
Market Cap ~ $157 billion
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
The stock is down 19% on news the Company is projecting larger sales decline than expected in 2025.
A major breakdown here and Nike is making headlines when it comes to the strength of the consumer. Bulls should watch for a range to develop, or for a major pinbar/hammer candle to indicate selling exhaustion.
Firefox Gold (FFOX.V)
Market Cap ~ $7 million
FireFox Gold Corp. engages in the exploration and development of gold deposits in Finland. Its flagship properties include in the Jeesiö Gold Project covering an area of approximately 76 square kilometers located in Lapland; and the Mustajärvi Gold Project situated in northern Finland.
The stock is down 11% on no news.
The stock is approaching a major support zone. We do have a bit of a range here which could develop. The stock will need to hold above the $0.04 support to keep this range play validated.
Perimeter Medical Imaging (PINK.V)
Market Cap ~ $22 million
Perimeter Medical Imaging AI, Inc., a medical technology company, provides advanced imaging tools that address unmet medical needs. The company offers Perimeter S-Series optical coherence tomography (OCT) imaging system that delivers resolution margin visualization of excised tissue specimens in the operating room. It also develops Perimeter B-series OCT with ImgAssist artificial intelligence technology for patients undergoing breast conservation surgery.
The stock is down 10% on no news.
The stock has printed new all time record lows today. From a technical analysis perspective, the range still is intact as long as the daily candle does not close below recent lows. We could see a small wick form to keep the stock in its range with $0.45 being upside resistance.
