Emerita Resources Launches Initial 5,000 Metre Drill Program At Iberia West
Emerita Resource Corp (TSXV: EMO) has begun mobilization for its diamond drill program at its Iberia West Project, located in Spain. The program, which has now seen permitting approved following the thirty day notification period, is expected to see drilling begin in the near term. The drill program assembled by Emerita consists of an initial […]
Superior Gold Sees Production Improve To 17,603 Ounces In Q1 2021
Superior Gold (TSXV: SGI) this morning released production results for the first quarter of 2021, reporting a total of 17,603 ounces of gold were produced. The production figure represents an 11% increase over the prior quarter. Production was up on a quarter over quarter basis, with a total of 17,603 ounces produced as compared to […]
Aphria Reports Q3 Revenues Of $153.6 Million, Net Loss Of $361.0 Million
Aphria Inc (TSX: APHA) (NASDAQ: APHA) this morning reported their third quarter financial results. The company reported net revenues of $153.6 million, a decline from the prior quarter, along with a net loss of $361.0 million, strongly missing consensus estimates from analysts. Net revenues declines 4.3% from the prior quarter’s $160.6 million figure, with the […]
Week Ahead: Big Name Earnings To Dominate The Headlines
The upcoming week is going to be a busy one, as markets await first quarter earnings from a number of major US banks, as well as the Bureau of Labour Statistics March CPI print. On Monday, Aphria Inc, a Canadian-based cannabis company, is expected to release its first quarter earnings before market open, as analysts […]
Biden Administration Proposes $1.52 Trillion Budget to Address Inequality, Climate Change
In a broader attempt to redefine the federal government’s role in America, the Biden administration has proposed yet another spending plan for the upcoming fiscal year: this time, to the tune of $1.52 trillion. According to an outline released by the White House on Friday, the Biden administration is proposing to increase non-emergency funding by […]
Janet Yellen Unveils $2.5 Trillion ‘Made in America Tax Plan’
On Tuesday, Janet Yellen provided further details into the Biden administration’s ambitious corporate tax plans, which are expected to increase government revenue, and help pay for the administration’s proposed $2.25 infrastructure package. US Treasury Secretary Janet Yellen provided additional insight into “The Made in America Tax Plan,” which is supposed to remove incentives for companies […]
Verano Holdings: Canaccord Reiterates $35 Price Target
On April 8th, Verano Holdings (CSE: VRNO) announced their full year 2020 and fourth quarter results, with the results being their first quarterly report as a public company and they did not disappoint. The company reported full year pro-forma revenue of $355 million, a ~200% increase year over year. They had a 63% gross profit […]
Robinhood Failed to Report All Trade Executions to Public Data Feed
Robinhood appears to be embroiled in yet another potential controversy, after it failed to disclose certain OTC trades it executed for customers in 2020 to a public data feed. According to a source familiar with the matter, as well as regulatory data analyzed by Reuters, Robinhood did not report OTC trades in fractional shares that […]
US Trade Deficit Hits Record US$71.1 Billion in February
The US trade deficit continued to widen in February, hitting a record high as consumer and business demand kept imports at elevated levels relative to export shipments. According to data published by the Commerce Department on Wednesday, America’s trade gap of both goods and services soared to a record-breaking $71.1 billion in February, up by […]
Bitcoin: Futures Point To Continued Bullishness
Bitcoin continues to perform well, defying the predictions of many that it has moved too far, too fast and that a significant correction is needed. Two trading characteristics in the financial markets and an operating decision by several Bitcoin miners are constructive for cryptocurrency and could allow the rally to persist. Structure of the Bitcoin Futures […]