Starr Peak Exploration: Anticipated Drill Results Expected In Q1 2021
Starr Peak Exploration (TSXV: STE) is set to actively commence drilling in January, with a drill program for at least 5,000 meters deep into areas that have known mineralization. In theory there is less risk of disappointing investors with it’s plans, given that Starr Peak has confirmed grades and favourable historic results for the area […]
Air Canada Makes Further Job Cuts, Reduces Capacity Amid Renewed Covid-19 Restrictions
As a new wave of lockdown restrictions sweeps across many regions in Canada, the demand for air travel continues to remain low. As a result, Air Canada has announced it will cut 1,700 jobs and cancel additional routes in an effort to reduce its operations in the new year. The 25% contraction in the airline’s […]
Cresco Labs: Canaccord Bumps Price Target Up To $20.50
Wednesday, Canaccord came out with their updated valuations for the large three multi-state operators. With respect to Cresco Labs (CSE: CL), they raised their 12-month price target to C$20.50 from C$16 while reiterating their Speculative Buy rating on the company. Cresco Labs currently has 15 analysts covering the company with a weighted 12-month price target […]
Tesla’s Chinese Market Share in Jeopardy as Competitors Ramp up EV Production
Competition in China’s EV market is being shaken up again, as Tesla makes plans to release its new Model Y at a reduced price, causing a run of advanced orders. In the new year, Tesla announced it will officially launch its Model Y SUV at its Shanghai factory, with deliveries slated to commence before the […]
Monument Mining: Market Ignores Recent Shareholder-Friendly Project Divestitures
On January 10, 2021, Monument Mining Limited (TSXV: MMY; equity market cap of C$39.5 million) reached an agreement to sell its 100% interest in the Mengapur Copper and Iron Project to Singapore-based Fortress Minerals Limited for US$30 million (C$38.1 million) plus 1.25% of gross revenues of all products produced at the project. Mengapur is not expected […]
Canadian Households Focusing on Retaining Savings and Paying Off Debt, Not Consumption
It appears that an increasing number of Canadians have been focusing on either paying off debt or increasing their savings level amid the pandemic, rather than spend their income. According to a poll conducted by Nanos Research Group and Bloomberg, three out of four Canadian households said that their main financial priority is to reduce […]
Curaleaf: Canaccord Raises Price Target To $23.50
Wednesday, Canaccord came out with their updated valuations for the large three multi-state operators. In doing so, they raised their 12-month price target on Curaleaf Holdings (CSE: CURA) to C$23.50 from C$18.50, while reiterating their Speculative Buy rating on the company. Curaleaf currently has nine analysts covering the company with a weighted 12-month price target […]
WestJet Threatens More Route Cuts in Response to Trudeau’s Covid-19 Rules
With coronavirus cases continuing to rise across Canada, Prime Minister Justin Trudeau recently announced that travellers will need to provide negative Covid-19 tests before boarding flights bound for Canada. The new rules took effect Thursday, and it appears that they are not sitting well with some of the country’s major airlines. After the latest travel […]
Pacemakers: Penumbra Is Out Of The Blocks Quickly In 2021
Feature image by Flickr user Wayne England. Embattled medical devices company Penumbra Inc. (NYSE: PEN) was quietly having an impressive 2021, market wise, before it got loud about it Monday, releasing aggressive revenue guidance ahead of its yet-to-be-scheduled Q4 earnings call. The company then followed up with a tour-de-force performance at the JP Morgan Healthcare […]
Canadian Home Sales Soared to Record Levels in December
Canada’s housing market finished off a record-breaking 2020 on a strong note, as potential homebuyers continued to flood the market in December amid historically-low mortgage rates. According to monthly data released by the Canadian Real Estate Association (CREA), December’s national home sales rose by 7.2% from the prior month, causing total transactions for 2020 to […]