GameStop Short-Sellers Lose Another $2 Billion Amid Retail Trading Resurgence
It appears that the Reddit army’s beloved meme stock, GameStop, is the subject of yet another price rally, causing short-sellers to lose an additional $1.9 billion in two days. The video game retailer’s shares soared by more than 100% on Wednesday, even prompting temporary trading halts due to sporadic volatility levels. However, according to analytics […]
Silver Is Too Big To Squeeze – The Daily Dive feat Ryan Giannotto of GraniteShares
Joining us for the final episode of The Daily Dive during the trading week is that of Ryan Giannotto, Director of Research for GraniteShares. Ryan joins us today to talk the silver market, the impact of social media on investing, oncoming stimulus, commodities and more. GraniteShares is an ETF provider that labels itself as being […]
Antibe: Canaccord Lowers Price Target After Co-Leading $40.4 Million Financing
Wednesday, Antibe Therapeutics (TSX: ATE) announced that they closed their bought deal financing. The bought deal was for 6.7 million units at a price of C$6, which includes a share plus one-half warrant at C$7.50 for total consideration of C$40.4 million. The company said they intend to use the proceeds to fully fund their Phase […]
Coinbase Files Listing To Go Public On Nasdaq Amid Bitcoin Boom
The largest US cryptocurrency exchange, Coinbase, has filed with US regulators to go public, as digital currencies continue to gain broader acceptance by mainstream financial institutions. According to a filing with the US Securities and Exchange Commission on Thursday, Coinbase plans to become a publicly traded company via direct listing, rather than raising proceeds prior […]
Cineplex Closes $250 Million Secured Note Financing
Cineplex Inc (TSX: CGX) has closed its previously announced offering of 7.5% senior secured second lien notes. The company managed to raise gross proceeds of $250 million through the offering. The notes bear interest at a rate of 7.5% per annum and have a maturity of five years from the date of issuance, being February […]
Northern Vertex Sees CEO Step Down A Week After Eclipse Gold Merger
Northern Vertex (TSXV: NEE) has seen its President and CEO exit the firm little more than a week after the completion of the controversial merger with Eclipse Gold. The company this morning issued the news in the early hours. Ken Berry has stepped down from his role as both President and Chief Executive Officer, however […]
Revive Therapeutics To Expand Clinical Sites For Covid-19 Related Phase 3 Study
Revive Therapeutics (CSE: RVV) this morning provided an update on the status of its phase 3 clinical trial for the use of bucillamine in the treatment of mild to moderate Covid-19. The company, following its recent financing, is slated to significantly expand clinical sites involved in the ongoing study. With the closing of the $23 […]
Cronos Group Posts Fourth Quarter Revenues Of $17.0 Million, Net Loss Of $111.7 Million
Cronos Group (TSX: CRON) (NASDAQ: CRON) this morning reported its fourth quarter and full year fiscal 2020 financial results. The company reported fourth quarter consolidated net revenue of $17.0 million, along with a loss of $111.7 million. For the full fiscal year, the company reported revenues of $46.7 million, along with a net loss of […]
NetCents Signs LOI To Bring DeFi Investing To Platform
NetCents Technology (CSE: NC) is getting involved in the world of decentralized finance, or DeFi. The company this morning entered an agreement with Vesto, Inc, which will enable the company to enter the realm of DeFi investing on its platform. Decentralized finance, as per the company effectively allows users to become lenders or borrowers in […]
Skylight Health Appoints Chief Financial Officer
Skylight Health Group (TSXV: SHG) this morning appointed Andrew Elinesky to the role of CFO of the company. Notably, it is unclear whom was performing the duties of chief financial officer prior to the appointment, with no financial officer listed on the firms website or investor presentation. Elinesky reportedly has had a long career in […]