By Miika Makela | WBN News Global, WBN News, WBN News Vancouver, WBN Finance| Jun 17, 2025 | CANADA

TSX:  Surge Energy Inc. (SGY) led the TSX today with a gain of approximately 6.4%, closing around C$6.48. The sharp increase appears linked to a combination of rising global oil prices and investor confidence in mid-cap Canadian energy producers. Recent developments in the Middle East have contributed to concerns over supply disruptions, pushing crude oil prices higher. Surge Energy, which has a strong portfolio of light and medium oil assets in Western Canada, is well positioned to benefit from these pricing trends. Additionally, market sentiment has improved around domestic energy stocks due to better-than-expected production reports and anticipation of stronger cash flows in the upcoming quarter. These factors combined to fuel today’s momentum in Surge Energy’s stock.

TSX:  Ballard Power Systems Inc. (BLDP) was the Toronto Stock Exchange’s largest decliner today, sinking about 10.4% to close at C$2.16, on trading volume exceeding one million shares . The steep drop likely reflects renewed investor concerns over hydrogen fuel cell market headwinds, possibly triggered by softer-than-expected earnings guidance or broader sector weakness. Profit-taking also appears to have played a role, following a recent rally that had elevated the stock above more conservative levels. Indicators point to investor sensitivity in the clean-energy segment, as macro uncertainties and shifting policy expectations can quickly swing sentiment. Ultimately, a combination of valuation reassessment and hydrogen-sector caution pushed Ballard to lead TSX losers today.

TSX-V:  Green Rise Foods Inc.  (GRF.V) delivered the TSX‑V’s strongest performance today, soaring about 44.4% to roughly C$0.65, with unusually high trading volume . The surge appears tied to renewed interest in the agriculture/ag‑tech space, possibly driven by speculative momentum or anticipation of project updates—though no formal announcement was released today. The broader commodity rally and favourable sentiment around specialty food producers likely amplified investor enthusiasm. A combination of sector-wide tailwinds and elevated trade volume pushed Green Rise Foods to emerge as the Venture Exchange’s top gainer among stocks closing above $0.20.

TSX-V:  NEO Battery Materials Inc. (NBM.V) emerged as the TSX‑V’s largest decliner today among stocks closing above C$0.20, plunging roughly 32.8% to C$0.41. The sharp drop coincided with substantial volume—over 1.5 million shares changing hands—indicating strong selling pressure. While specific company announcements were lacking, the selloff may reflect investor concerns about recent financial performance, tightening market sentiment in the battery and metals sector, or profit-taking after a prior rally. Given the stock’s exposure to the electric-vehicle supply chain, broader market weakness or shifts in sentiment toward green-energy juniors likely intensified the decline. Deep trading and sector headwinds combined to make NBM today’s standout laggard on the Venture Exchange.

Miika Makela, CFA

 https://www.linkedin.com/in/miika-makela-cfa-24aa056/   

#Canadian Stocks #Market Movers #Equity Markets #TSXV #Stock Market Update #Investor News #Canadian Markets

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