Copper Fox: GT Gold Transaction Indicates Company May Be Undervalued
Last week, Newmont Corporation (TSX: NGT) announced that it is acquiring GT Gold Corp. (TSXV: GTT) for $3.25 per share in an all-cash transaction. The deal values GT Gold at an enterprise value (EV) of around $414 million and represents a 38% share price premium to GT Gold’s 20-day volume-weighted average price. The Newmont-GT Gold transaction […]
Hindenburg Does it Again: Short-Seller Accuses Lordstown Motors of Fake Order ‘Mirage’
Shares of Lordstown Motors Corp (NASDAQ: RIDE) suffered the worst plunge in nearly five months, after short-seller Hindenburg Research revealed it has taken a short position against the electric-truck startup. “Lordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production […]
Green Thumb: Fourth Quarter Analyst Consensus Estimates
Green Thumb Industries (CSE: GTII) announced that they will be reporting their fourth quarter and year end financials after hours on March 17th. Analysts have a consensus C$49.69 12-month price target on the company, via a total of 14 analysts, with three analysts having a strong buy rating and the other 11 have buy ratings. […]
Gareth Soloway: Breaking Down Trade Ideas – The Daily Dive
For our Saturday edition of The Daily Dive, we sit down with Gareth Soloway of InTheMoneyStocks.com. Gareth joins us this afternoon to discuss the impact of the yield curve on his strategy, the importance of inflation data, and finally, to walk us through some trade ideas of his own. InTheMoneyStocks.com is a trading room founded […]
Households Amassed a Pile of Excess Cash in 2020. Will it Fuel the Economic Recovery?
The economic restrictions imposed during the height of the second world war make today’s pandemic-induced controls on indoor dining and mandatory face coverings appear soft. In America, the government rationed nearly everything— gasoline, milk, shoes— even prohibited the production of bicycles and fridges. In fact, the economic restrictions at the time were so stringent, that […]
Tesla’s Texas Tea: Elon’s Big Battery Bet
It’s been a tough 2021 for Tesla Inc. (NASDAQ:TSLA), which fell below its 50 day moving average in February, and has been fighting hard against a downward trend that threatens to take it below its 220 day moving average, presently sitting around $470/share. Tesla closed Wednesday down $5.52 (-0.8%) at $668.06. At its one year […]
Ayr Wellness Guides To US$725 Million In Revenues, EBITDA of US$325 Million For 2022
Ayr Wellness (CSE: AYR.a) this evening provided guidance for fiscal year 2022 following the release of its 2020 financials earlier this week. The company has skipped providing guidance for 2021, as it deems it “a transitional year.” The company is currently guiding towards targeting revenues of US$725 million for fiscal 2022, along with adjusted EBITDA […]
QYOU Media Secures Investment From Investment Arm Of The Times Group
QYOU Media (TSXV: QYOU) this afternoon had a major announcement, with the release of the news that Brand Capital International has agreed to invest up to US$8.0 million into the firm. Brand Capital is the strategic investment arm of Bennett, Coleman & Co Ltd, whom is more commonly known as The Times Group, the largest […]
Canada’s Unemployment Rate Falls To 8.2% In February
Coinciding with the ongoing vaccine rollout and easing of restrictions, Canada’s labour market added 259,000 jobs in February, nearly erasing all losses accumulated over the past two months. According to Statistics Canada, the unemployment rate declined by 1.2%, settling at 8.2% last month— the lowest rate since March 2020. Likewise, the labour underutilization rate, which […]
G. Scott Paterson: Choppy Times For Equity Markets Ahead – The Daily Dive
For the final episode of The Daily Dive this trading week, we sit down again with G. Scott Paterson, whom is Chairman of Qyou Media (TSXV: QYOU), and formerly Chairman and CEO of Yorkton Securities. Scott joins us this morning to discuss the volatility in markets as of late, the risk of inflation, trading in […]