Opsens Inc. develops, manufactures, installs, and sells fiber optic sensors for cardiovascular interventions. The company operates in two segments, Medical and Industrial.
The stock is up 47.1% on major news that Haemonetics Corporation announced a definitive agreement to acquire Opsens Inc. Haemonetics will acquire all outstanding shares of OpSens for CAD $2.90 per share in an all-cash transaction representing a fully diluted equity value of approximately USD $253 million at current exchange rate.
TradingView Chart
Major gap up pop on this news of acquisition. Remember, the acquisition is for $2.90 a share, which is where the stock is finding resistance. The transaction is expected to close by the end of January 2024.
Hercules Silver Corp (BIG.V)
Market Cap ~ $59 million
Hercules Silver Corp., a junior mining company, engages in the acquisition, exploration, and development of resource properties in the United States. The company explores for silver, lead, and zinc deposits. Is flagship property is 100% owned Hercules Silver Project located in Washington County, Idaho.
The stock is up 26% on news of a major copper porphyry discovery at its Hercules Property. Hercules Silver Intersects 185 Meters of 0.84% Cu, 111 ppm Mo and 2.6 g/t Ag, Including 45 Meters of 1.94% Cu in First Deep Hole Drilled at Hercules.
TradingView Chart
A major move on the stock. A breakout. Not just any breakout, but a breakout taking the stock to new all time record highs. A retest of the $0.28 zone is possible before continuing higher. Or if buyers fail to hold on the retest, we would have a false breakout.
Chesapeake Gold Corp (CKG.V)
Market Cap ~ $119 million
Chesapeake Gold Corp., a mineral exploration and evaluation company, focuses on acquisition, evaluation, and development of gold-silver deposits in North and Central America. Its flagship project is the Metates project that includes 12 contiguous mining concessions covering an area of totaling 4,260.7 located in Durango tate, Mexico.
The stock is up 20.4% on no news however, a week ago, the Company announced a new gold discovery at its Lucy project, where drill results returned 6.1 g/t gold over 24 metres from surface.
TradingView Chart
The stock is in a range bouncing between $1.20 and the $1.90 zone here at the upside. The stock is testing the upper portion of this range currently. A breakout is what bulls want to see. This is a major resistance test for the stock.
Bettermoo(d) Food Corporation (MOOO.C)
Market Cap ~ $22 million
Bettermoo(d) Food Corporation operates as a beverage company in Canada. The company focuses on developing and delivering beverages through online and in-store retail platforms. It offers Moodrink, a plant-based dairy alternative beverage.
The stock is up 14.1% on no news, however, four days ago, the Company announced the successful completion of its first commercial production run for Moodrink™, its groundbreaking dairy-free beverage. Representing a key milestone for he Company.
TradingView Chart
The stock has recently bounced from all time record lows and is now in a basing phase. Resistance comes in at $3.50. A breakout is what would get the stock in a new uptrend.
Arbor Metals Corp (ABR.V)
Market Cap ~ $97 million
Arbor Metals Corp. identifies, acquires, explores for, and develops natural resource properties in Canada. The company holds interests in the Jarnet Lithium Project, which comprises forty-seven map designated mineral claims covering an area of approximately 3,759 hectares located in the James Bay Region of Quebec.
The stock is up 12.3% today on no news. On September 24th 2023, the Company announced it had identified new pegmatite outcrops at the Jarnet Lithium Project.
TradingView Chart
The stock has been on a major tumble with message boards talking about finding anything strange and asking “what the heck is happening”. The trend is apparent, and today’s price action could just be a dead cat bounce. For bulls looking for a revrsal, some sort of range developing would be a positive sign that selling pressure is exhausting.
Top 5 Losers
AmmPower Corp (AMMP.C)
Market Cap ~ $16 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 33.3% on no news. Five days ago, Aberdeen International Inc announced it had sold 2,767,000 common shares of AmmPower Corp during the period September 26, 2023 to October 4, 2023, which has resulted in Aberdeen’s ownership being reduced by 6.9%.
TradingView Chart
The stock recently printed record lows hitting $0.085 but quickly recovering. The stock is now in a range and some would say the stock is in a bottoming pattern. The breakout above $0.18 remains the key trigger.
Safe Suppy Streaming (SPLY.C)
Market Cap ~ $14 million
Safe Supply is the first world’s company investing in the burgeoning safe supply ecosystem and the third wave of drug policy reform.
The stock is down 20% on no news. It should be noted the stock only began trading a week ago.
TradingView Chart
The stock is showing some interesting levels. The $0.375 zone is key resistance, and the stock is pulling back to test the breakout zone around $0.15. This is a zone where bulls may re-enter.
Lavras Gold (LGC.V)
Market Cap ~ $52 million
Lavras Gold Corp. operates as a junior exploration company in southern Brazil. It engages in the exploration and development of the Lavras do Sul gold project covering an area of approximately 22,000 hectares located in Rio Grande do Sul, Brazil.
The stock is down 14.4% on no news. The stock is getting a lot of chatter on message boards.
TradingView Chart
A very nice looking chart with a major pop higher beginning in August, and the stock hitting record high. It appears some investors are taking profits as we look to print a double top pattern. Today’s close will be important. If we close below $1.35, then the pattern trigger and we will see if buyers hold the higher low at $1.10.
Maritime Resources Corp (MAE.V)
Market Cap ~ $16 million
Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties. It primarily explores for gold, silver, copper, lead, and zinc deposits. The company holds 100% interests in the Lac Pelletier project that consists of 16 mineral claims and 1 mining lease covering an area of 443 hectares located in Rouyn Noranda, Quebec; and Wright Property located in Temiscaming, Canada.
The stock is down 14.3% on no news.
TradingView Chart
The stock recently printed record lows at $0.03. Buyers would want to see a close back above the $0.035 zone to confirm a false breakdown. $0.05 is the next major resistance zone.
Baru Gold (BARU.V)
Market Cap ~ $6.7 millin
Baru Gold Corporation engages in the exploration and evaluation assets in Indonesia. The company holds a 70% interest in the Sangihe gold project located on the island of Sangihe covering an area of 42,000 hectares.
The stock is down 14.3% on no news.
TradingView Chart
The stock is looking to break above the $0.055 zone. However, sellers keep putting in the pressure. The next support comes in at $0.02.