Source: Perk Labs Inc.

Stock markets are off to the races for 2023, with the TSX logging a win streak of nine positive closes before ending in the red, while the Dow also recently snapped a four-day win streak after Goldman Sachs posted its biggest earnings whiff in more than 10 years and executed the largest swath of jobs cuts across Wall Street.

Canada’s main stock index reached a new monthly high this week, thanks to gains led by the utilities sector, followed by the energy market. Industrials was not far behind thanks to a boost from Bombardier after the airplane manufacturer raised its outlook. However, the mining sector ended the day in the red. Data showed that domestic inflation eased in December.

U.S. stock markets have been mixed during this holiday-shortened, but earnings-heavy week in the U.S. Investors continue to track financial updates from companies to learn if inflation will drain corporate profits.

At The Market Herald, investor focus is on companies whose valuations seem a little more firmly rooted in down on planet Earth. When it comes to the most popular stocks over the previous week, three names are dominating, especially where the mining sector is concerned ….

The recent market rally has been pushed significantly by gains among metal and mining shares. KWG Resources Inc. (CSE:KWG, Forum) was at the forefront of investor chatter this week following news the company will soon begin a magnetotelluric survey on its Black Horse Project in Ontario.

A magnetotelluric survey maps out geology in 3D by measuring apparent resistivity contrast among rock varieties.

The survey of the chromite project, located in the Ring of Fire, will cover the previously drilled area and the undrilled potential target area toward the south boundary with KWG’s Big Daddy joint venture with Ring of Fire Metals.

Source: KWG Resources Inc.

Quantec Geoscience will begin to collect data this week to further define the continuity of mineralization for potential drilling.

KWG believes the Black Horse resource is a deeper, laterally-faulted and displaced part of the Big Daddy and Black Thor deposits occurring near surface to the north.

PyroGenesis Canada Inc. (TSX-V.PYRForum), a high-tech company that designs, develops, manufactures and commercializes plasma-based processes, has signed an emissions reduction contract with a lithium-ion battery recycler.

The North American client will receive a 4,000 Nm3/h system to decontaminate the dust generated during the battery recycling process. 

Subsidiary Pyro Green-Gas will design and fabricate the system, which aims to minimize energy use, resulting in reduced operating costs and environmental impact.

PyroGenesis can confirm that the contract value is between $500,000 and under $1 million. Delivery is scheduled for June 2023.

Cannabis producer HEXO Corp. (TSX:HEXOForum) has launched its new TnT Cannabis strains under the Redecan and Original Stash Brands labels across Canada.

The launch includes three new products from HEXO’s popular Redecan line and two new strains under the Original Stash Brand.

Redecan’s cannabis features a THC range of 23 to 35 per cent and high terpene profiles. The new TnT cannabis strains will feature extremely dense buds covered in trichomes:

  • Sex Panther (flower), an Indica hybrid strain
  • Violet Fog (flower), a purple reign Indica strain
  • Animal Rntz (flower) is a combination of Canada’s popular Animal Cookie and California’s RNTZ strains

The new strains added to the Original Stash Brand line-up leverage Canada’s broadest licensed producer’s cultivation capabilities and include:

  • Atomik Sour Haze (flower)
  • Ghost Gelato (flower), an Indica strain

January has already given us a wild market ride and some small-cap stocks that the Bullboards have gotten excited about. Next week will probably bring more of the same, and the weekly Buzz on the Bullboards review will be here to bring you some more stocks worth your time.

Get “Buzz on the Bullboards” delivered to your inbox every Thursday!

Buzz on the Bullboards | Sign Up Here

More From The Market Online

@ the Bell: TSX reverses course for positive territory

Canada’s main stock index rose on Thursday led by mining and energy growth while losses in the health segment capped further gains on the…

AKITA Drilling: A picks-and-shovels oil stock in deep value territory

AKITA Drilling is a North American land drilling contractor producing consistent profits during oil demand's expected upswing through 2030.

@ the Bell: TSX gives back more gains

The TSX fell further on Wednesday, tracking a decline in commodity prices as investors assessed more big bank earnings.

A real-deal lithium success story

Lithium stocks are on a trajectory for more growth and one manufacturer and recycler has a unique hold on the business.