Retail Investors in Frenzy to Purchase Bankrupt Hertz Stock
It appears the drama surrounding car rental company Hertz Global Holdings (NYSE: HTZ) is far from over, and you should probably grab some popcorn before you continue reading. Hertz has come under some serious trouble amid the coronavirus pandemic, which ultimately wiped out the entirely of the travel industry. As a result, Hertz missed substantial […]
CMHC Forecasts Housing Market Will Not Recover Until at Least 2022
The Canadian Mortgage and Housing Corporation (CMHC) has recently released a forecast for the remainder of 2020 and 2021. According to the report, house prices could further decrease between 9% to 18% compared to the first quarter of 2020, with no sign of recovery until at least the following year. Some regions which are heavily […]
Market Movers: Remark Holdings Sees Sudden Drop
Remark Holdings (NASDAQ: MARK) this afternoon saw its equity halted as a result of volatility in its share price, after having fallen 20.59% on the day. At the time of the halt, the company was down $0.70 per share to trade at a price of $2.70 on the Nasdaq. The halt itself came after over […]
JPMorgan Finally Determines Bitcoin’s Intrinsic Value, Putting Price Speculation to Rest
The last few years for Bitcoin have been somewhat of a roller coaster; the cryptocurrency gained significant traction in the beginning of 2017, hitting an all-time high price of nearly $19,000 by the end of that year. Shortly after however, Bitcoin’s volatility became evident, and the popular cryptocurrency’s price took a nosedive by over 80% […]
BC Craft Supply Blows Out Post-Consolidation Share Structure
BC Craft Supply Co (CSE: CRFT), formerly known as Pasha Brands, has already begun blowing out its share structure following the share consolidation it conducted on March 27. Only 16,216,615 common shares remained outstanding following the firms 1 for 12 share consolidation. However, that figure was -very- short lived. The company announced a number of […]
Kingman Prepares Technical Report For Mohave Project
Kingman Minerals (TSXV: KGS) has revealed that it is currently in the process of preparing a 43-101 compliant technical report on its Mohave Project, located in Arizona. The report is being completed in conjunction with work conducted by that of Burgex Mining Consultants. Earlier this year, Kingman contracted Burgex to determine accessibility of its historic […]
Canopy Rivers Announces Headcount Reduction, Reaffirms Share Buybacks
Canopy Rivers (TSX: RIV) announced this morning that it is conducting a series of operational changes to its organization, which includes a headcount reduction. However, the company would like investors to know that, rest assured, Canopy Rivers still intends to continue its previously announced share buybacks throughout the fiscal year. It’s unclear just how many […]
Xander Resources Acquires Option In Val-d’Or East Gold Camp
Xander Resources (TSXV: XND) this morning announced that is has acquired an option on the Senneville Group of claims property in the Val-d’Or Gold Camp. The property is contiguous to the north of the Probe Metals (TSXV: PRB) Val-d’Or East project, which is located 20 kilometres northeast of Val-d’Or, Quebec. The property itself consists of […]
Numinus Releases 2020 Operational Objectives
Numinus Wellness (TSXV: NUMI) released its near term 2020 objectives this morning related to its operational development. Described as addressing its “universal desire to heal,” the company identified several different objectives that it wishes to meet in the near term, chief among which is upgrading its lab and processing facilities. Little new information was contained […]
Canada Post Reports First Quarter Losses of $66 Million
Despite the significant increase in online shopping during the coronavirus pandemic, the revenue generated from parcel delivery was not enough to cover Canada Post’s costs, and as a result, the crown corporation reported a before tax loss of $66 million for the first quarter of 2020. Although the demand for mail services has increased, especially […]