TSX: Canada and U.S. stocks start the week strong as oil prices rise
Canada’s main stock market began the week on a positive note. The S&P/TSX Composite Index went up by 141 points, reaching 30,613.45. This rise came...
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Canada Market’s top losers: Enterprise Group Inc -15.07%, McCoy Global Inc -13.99%
Sol Strategies Inc (HODL) decreased by 11.33%, with a price of 1.33 CAD. Thinkific Labs Inc (THNC) also saw a dip of 10.77%, closing at 2.90 CAD, despite maintaining a strong buy status in the technology services sector.
Canada Market’s top gainers: Eastwood Bio-Med 26.67%, Molson Coors Canada Inc. 25.99%
ECN Capital Corp. (ECN) saw a 16.24% rise, trading at 2.76 CAD, as the finance sector stock benefits from market optimism despite negative earnings growth. Mattr Corp. (MATR) jumped 13.75% to 14.89 CAD, a leader in process industries, with a solid valuation and future growth potential.
Canada Market’s highest volume stocks: Enbridge Inc. −0.08%, BCE Inc. +1.78% at midday
With 59.993M CAD in volume, Telus rose +3.62% to 21.78 CAD. This telecommunications giant maintains a 7.28% dividend yield and continues to attract investor attention in a competitive market.
Canada Market’s most volatile stocks: Water Ways Technologies Inc. & Global Compliance Applications Corp. 100.00%
In the finance sector, Buzz Capital Inc. experienced an 88.89% decline, with a drop to 0.045 CAD, following a sharp fall in its trading volume. Meanwhile, US Critical Metals Corp. and Cascadia Blockchain Group Corp. saw declines of 75.00% and 60.00%, respectively.
Canada Market’s top gainers: Eastwood Bio-Med Canada Inc. +26.67%, Maxim Power Corporation +15.65%
Western Exploration Inc. (WEX) rose 9.77% to 1.46 CAD. This non-energy minerals stock, with a market cap of 49.353 million CAD, maintained investor interest despite lower trading volume.
Canada Market’s top losers: Enterprise Group-14.16%, BioHarvest Sciences -12.34%
Zentek Ltd. (ZEN), specializing in non-energy minerals, fell by 7.76% to 1.07 CAD. With an EPS of -0.11 CAD, Zentek has shown some recovery, with an EPS growth of 28.88%.
Canada Market’s highest volume stocks: Enbridge +1.55%, Royal Bank of Canada +0.91%
Tourmaline Oil Corp. (TOU) fell 3.01% to 63.16 CAD. Despite the decline, Tourmaline maintains a solid market cap of 23.453 billion CAD. Additionally, Bank of Montreal (BMO), one of Canada’s largest banks, recorded a slight decline of 0.46% to 129.21 CAD but remains robust with a market cap of 94.248 billion CAD.
Canada Market’s top indices: S&P/TSX down 0.28%, Smallcap drops 0.48%, Venture up 0.0011%
On a positive note, the S&P/TSX Venture index showed a minor uptick of 0.68 points, or 0.0011%, moving slightly higher to 614.11 before settling.
Canada Market’s most volatile stocks: Copperhead Resources -61.54%, Pedro Resources -54.55% at midday
Caprock Mining Corp. and Bengal Energy Ltd. are also facing fluctuations, with both dropping by 50.00%, while Total Helium Ltd. stands out with a 33.33% increase to 0.020 CAD.
Canada Market’s top gainers: Tethys Petroleum +23.97%, Aldebaran Resources +18.42% at midday
Taseko Mines, another standout with a 12.99% increase, now sits at 3.48 CAD per share. The company’s steady growth continues to make it an attractive choice for investors interested in non-energy minerals, and its market cap has hit 903.5 million CAD.
Canada Market stock’s top losers: Superior Plus -18.44%, Metavista3D -13.60% at midday
SolarBank Corporation (SUNN) - Down 12.20%, priced at 3.60 CAD, with a market cap of 200.942 million CAD. Despite the drop, it holds strong in the Utilities sector, with a strong buy rating.
Canada Market’s high volatility stocks: Tourmaline Oil -2.86%, Bank of Montreal -0.25% and more
Toronto-Dominion Bank (TD) rose by +0.43% to 79.11 CAD, with 94.08M CAD volatility and 1.19M shares traded. Royal Bank of Canada (RY) gained +0.72% to 172.33 CAD, with 76.57M CAD in volatility and 444.34K shares traded.
Canada Market’s most volatile stocks: NuLegacy Gold +100%, Prophecy DeFi +100%, Silver Spruce +100% and others
Other stocks with significant volatility include Lightspeed Discoveries Inc. (LSD.H) and Avila Energy Corporation (VIK), both down 50.00% to 0.025 CAD and 0.005 CAD, respectively, signaling market corrections.
Canada Market’s highest volume stocks: Golden Arrow Resources up 22%, Moovly Media soars 50%
Other stocks with notable trading volumes include FRNT Financial Inc. (FRNT), up 16.22% to 0.430 CAD, with a relative volume of 18.79, and Haivision Systems Inc. (HAI), which gained 5.04% to 5.00 CAD, recording a relative volume of 12.30.
Canada Market top losers: Superior Plus down 17%, Global Crossing Airlines drops 13%
In the transportation sector, Global Crossing Airlines Group Inc. (JET) fell 13.04% to 0.80 CAD on low trading volume. Metavista3D Inc. (DDD) also declined, down 12.80% to 1.09 CAD.
Canada Market’s top gainers: Trilogy Metals leads with 108% surge, Galaxy Digital and Bitfarms also rise
In the technology sector, Bitfarms Ltd. (BITF) rose 17.79% to 2.98 CAD, and Digihost Technology Inc. (DGHI) gained 15.87% at 2.41 CAD, both with “Strong Buy” ratings. HIVE Digital Technologies Ltd. (HIVE) also surged, up 12.06% to 5.67 CAD.