Business Sentiment Remains Low Despite Economy Reopening, Bank of Canada Survey Finds
The Bank of Canada has recently released a report outlining the current business sentiment that exists across the country. According to a BoC report which surveyed various business executives between May 12 and June 5, there is a strong, negative business sentiment across many provinces and various sectors stemming from the coronavirus pandemic and the […]
Gold Spot And Futures Prices Hit New Highs On Atlanta Fed Comments
The spot price of gold has hit new multi year highs this morning, with the price of the precious metal reaching as high as $1795.94 per ounce while the August futures contract has moved as high as $1809.70 per ounce. The move comes following comments made by the Chief of the Atlanta Federal Reserve, Raphael […]
Probe Metals Discovers New Zone At Val-d’Or East Property
Probe Metals (TSXV: PRB) this morning released further results from its ongoing exploration programs, this time for its Monique Property in the Val-d’Or East region of Quebec. Results published are from a total of thirteen drill holes, totaling 4,763 metres. Included in the results is the discovery of a new gold zone, referred to as […]
Monterey Minerals Announces $1.5 Million Private Placement
Monterey Minerals (CSE: MREY) announced this morning that it will be conducting a non-brokered private placement for gross proceeds of up to $1.5 million. Each unit is to be sold at a price of $0.05 per unit, with the firm expecting to sell up to thirty million units. Each unit sold under the offering consists […]
Flower One CFO Departs For Personal Reasons Following Delayed Financials, Capital Raise
Flower One Holdings (CSE: FONE) has seen its chief financial officer step down for personal reasons effective July 15, 2020. The departure of CFO Geoff Miachika follows the company completing a $8.2 million financing on June 29, followed by the firm subsequently delaying its first quarter 2020 financials on July 3. Further justification for Miachika’s […]
Kirkland Lake Gold Produces 329,770 Ounces In Second Quarter
Kirkland Lake Gold (TSX: KL) (NYSE: KL) this morning announced its production results for both the first quarter and first half of 2020. By all accounts, the ongoing pandemic has not slowed the company down, with Kirkland announcing a 54% increase in production on a year over year basis for the second quarter, producing 329,770 […]
MediPharm Labs: Canaccord Resumes Coverage, Issues $2.25 Price Target
As a follow up to the earlier covered resumption of coverage by Canaccord Genuity on The Valens Company (TSX: VLNS), Canaccord has also resumed coverage on yet another cannabis focused extractor – MediPharm Labs (TSX: LABS). Canaccord Genuity resumed coverage on MediPharm Labs with a C$2.25 price target and Speculative Buy rating. Not only is […]
Market Movers: Sona Nanotech Moves On COVID-19 Antigen Test Validation
Sona Nanotech (CSE: SONA) is one of the largest movers and shakers of the last week, with the equity currently trading at $8.71 at the time of writing, up $1.74 per share, or just shy of 25% on heavy volume of 1.5 million. The equity has soared during today’s session, hitting a high of $9.40 […]
Canaccord Resumes Coverage On The Valens Company, Issues $6.50 Price Target
This morning Canaccord Genuity resumed coverage on The Valens Company (TSX: VLNS) with a C$6.50 price target and Speculative Buy rating, which is below the analyst estimate mean of C$7. However, the analyst is one of only two to have a strong buy rating on the company. Canaccord sings high praise for Valens, stating the […]
Fire & Flower Launches Pilot Program With Circle K In Alberta
Fire & Flower Holdings (TSX: FAF) is looking to make cannabis retail stores as common as a typical convenience store. The company announced this morning that in connection with significant investor Alimentation Couche-Tard (TSX: ATD.B), the firm has launched a pilot of co-located stores with that of Circle K in Alberta. The first two stores […]