DeFi
Top 5 winners and losers: CWB.TO, HPQ.V, DEFI.NE
In this summary report, we’ll take a quick look at the top 5 winners and losers up or down double digits in the Canadian stock markets.
Here’s a summary of the assets’ intraday action:
HPQ Silicon (HPQ.V)
Market capitalization ~$118 million
HPQ Silicon Inc., together with its subsidiaries, provides silica and silicon solutions in Canada. It is also developing a portfolio of silicon and silica-based products mainly intended for manufacturers of batteries and electric vehicles, Li-Ion batteries; and hydrogen applications. Additionally, the company is engaged in the development of PUREVAP quartz reduction reactors, a process for transforming quartz into metallic silicon; PUREVAP fumed silica reactors, a plasma-based technology that converts quartz raw material into fumed silica; and PUREVAP Nano Silicon Reactors, a process for manufacturing spherical nano-silicon powders and wires. In addition, it is involved in the manufacturing of nanoscale silicon materials.
The stock is up 18% following the announcement of latest steps taken in batteries by its subsidiary based in France, NOVACIUM SAS (“Novacium”). This announcement highlights the remarkable results achieved in initial 50-cycle testing of 18650 industrial batteries manufactured with Novacium’s unoptimized, second-generation advanced silicon-based anode material.
We confirmed an inverted head and shoulders pattern was triggered. Bullish. This trend actually started at yesterday’s close. We have a great sequel today with this news. The next resistance area lies at $0.40.
DeFi Technologies (DEFI.NE)
Market capitalization ~$693 million
DeFi Technologies Inc., a technology company, develops and lists exchange-traded products in Canada, Bermuda and the Cayman Islands. The Company provides asset management services, such as investment vehicles, indirect exposure to underlying cryptocurrencies, digital asset indices and other decentralized financial instruments. It also participates in decentralized blockchain networks by processing data transactions that contribute to network security and stability, governance and validation of transactions. Additionally, the company invests in decentralized finance companies in early-stage projects.
The stock is up 25% with no news. Yesterday, the The company announced that it has deployed a Core Chain validator node to act as an independent validator for the network. The node launch is part of the company’s DeFi Infrastructure business line, contributing to the mission of decentralized finance. The company will also stake 1,498 BTC on the Core Chain.
The stock is in a strong uptrend. We are currently testing the $2.40 zone. There is still room for upside. If the stock can close above $2.50, watch for a move toward $3.20.
Canadian Western Bank (CWB.TO)
Market capitalization ~$4.09 billion
Canadian Western Bank offers personal and commercial banking products and services in Western Canada. The company offers checking, savings, U.S. dollar, checking, flexible notice, organization, business trust and trust fund investment accounts. It also offers commercial lending and real estate products, equipment financing and leasing, aviation financing and dealership financing products; agricultural loan products and AgriInvest savings account; variable and fixed rate mortgages; credit line; registered retirement savings plan, consolidation and automobile loans; and credit cards.
The stock is up 70% following the announcement that it is bought by the National Bank for $3.6 billion. The buyer will pay the equivalent of CA$52.24 per share for Canadian Western, a premium of 110% over Tuesday’s target closing price.
The title reached new all-time highs following this big news. The buyout price is $52.24, but the approval of the Canadian government and two-thirds of CWB shareholders (who must vote at a special meeting in September) is still required for this transaction to be completed. concluded.
Mineral Showcase (SHOW.CN)
Market capitalization ~$16 million
Showcase Minerals Inc. engages in the identification, acquisition, exploration and development of mineral projects. The company mainly explores gold and vanadium deposits. It has interests in the Dixie Flats, which consist of 180 unpatented vein claims covering approximately 1,311 hectares; the North Star, which includes 56 unpatented vein claims covering 360 hectares; and Woodruff, which consist of 18 unpatented lode claims covering approximately 147 hectares located in Elko County, Nevada.
The stock is up 25% with no news.
A lovely engulfing candle was printed yesterday. The bulls made a strong statement in favor of a bottom and a trend reversal. The stock is testing the resistance zone at $0.78 here. Watch for a fence above this level.
Noram Lithium Corp (NRM.V)
Market capitalization ~$12 million
Noram Lithium Corp. is engaged in the acquisition, exploration and development of mineral properties in the United States. Its flagship property is the Zeus Lithium project consisting of 146 placer claims and 136 lode claims covering an area of approximately 1,113 hectares located in Clayton Valley, Nevada.
The stock is up 22% following the announcement of the closing of a updated mineral resource estimate for its 100% owned Zeus Lithium project.
The stock appears to have found support at $0.10 and is lagging behind today’s news. The market likes mineral resource estimates. The current high stands at $0.15. Watch for a close above this level to confirm a new trend.
KWESST Microsystems (KWE.V)
Market capitalization ~$6.8 million
KWESST Micro Systems Inc. is engaged in the development and marketing of tactical systems and munitions for the military, public safety agency and personal defense markets. The company produces non-lethal products, including PARA OPS devices and ARWEN products.
The stock is down 30% with no news. Two days ago, the Company announced that it had been obtained a subcontracting contract with Thales Canada. Under the subcontract, KWESST will provide specialized software services for work under the Canadian Department of National Defense’s C4ISR land contract series aimed at modernizing the capabilities of the Canadian Army through advanced command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). ) systems. A contract valued at $48 million.
We are seeing profit taking after a major two-day move. The stock confirmed a close above the lower high of $1.20, but selling pressure is strong and the stock is back below the key psychological zone of $1.00. Watch to see if the bulls will return to confirm a close above $1.00.
Genesis AI Corp (AIG.CN)
Market capitalization ~$6 million
Genesis AI Corp. has no significant activities. Previously, she was engaged in the development of cybersecurity and cryptocurrency software.
The stock is down 13% with no news.
The stock is pulling back in what could be a new uptrend after yesterday’s engulfing candle. There’s not much for the bulls to worry about unless the stock closes below $0.07.
Cannabix Technologies (BLO.CN)
Market capitalization ~$58 million
Cannabix Technologies Inc., a technology company, develops marijuana-based breathalyzers for employers, law enforcement, workplaces and laboratories in the United States. It is developing tetrahydrocannabinol breath analyzers, a point-of-care breath analysis tool for rapid detection of recent cannabis use; MS breath sampler; and a contactless breathalyzer, as well as breath collection units.
The stock is down 12% with no news.
Profits are made after the stock reaches the $0.85 area. The stock is currently testing the key psychological zone of $0.50. A close below would allow the stock to test the all-time high low at $0.45. A close below this level would see the stock fall to $0.30.
Resaas Services (RSS.V)
Market capitalization ~$28 million
RESAAS Services Inc. is dedicated to the development of web and mobile communications software for the real estate industry. The company offers a suite of tools that integrate with the platform, including a global referral network, lead generation engine, SEO management, customer engagement modules, customer relationship management tools , analytics, file sharing, a payment system and an advertising engine. Its solutions also include RealTimeMLS, a real-time listings solution and communications platform for real estate associations and multiple listing services (MLS); and BrokerOS, an online communications hub that ensures agents open, read and respond to emails and messages sent to them by users.
The stock is down 10% with no news.
The stock rejects the $0.44 area. A few support levels here, but the next major support stands at $0.30.
Leef Brands (LEEF.CN)
Market capitalization ~$12 million
Leef Brands Inc. operates as a manufacturer of branded cannabis products in the United States. It provides infused resins and pre-rolls. The Company offers its products under the brands Ganja Gold, Real Deal Resin, Heady and LEEF.
The stock is down 33% with no news.
At the low of support at $0.01. Lower pickers should watch for a strong green bodied candle to indicate buyers. This would be a range game with targets at $0.04.