Barclays: Economic Reopenings Will Push Global Oil Demand Even Higher
As major economies around the world continue to reopen amid ongoing vaccination efforts, the global demand for crude oil is expected to rebound, especially as OPEC+ keeps its cautious supply approach intact. Although the prospects of Iran’s oil supply returning to the global market are increasing, coupled with a resurgence of Covid-19 across several key […]
Ascend Wellness: Canaccord Initiates With US$15 Price Target
Canaccord Genuity is the first investment bank to initiate coverage on Ascend Wellness (CSE: AAWH.u). Bobby Burleson initiated coverage on Ascend with a U$15 price target and speculative buy rating. He says that despite its expanding footprint in limited-license states while having one of the best track records for execution in the space, the company […]
Major Chinese Crypto Exchange Bans Bitcoin Mining Operations
In a further effort to curtail bitcoin mining and subsequent cryptocurrency use in China, a major Chinese cryptocurrency exchange has halted bitcoin mining services and sales of mining equipment in mainland China. According to the South China Morning Post, cryptocurrency exchange Huobi has become one of the first Chinese platforms to put a stop to […]
Psychedelics: Sector Tailwinds To Come – The Daily Dive feat Psyched Wellness CEO Jeff Stevens
Starting off the short Canadian trading week this week on the Daily Dive is that of Jeff Stevens, CEO of Psyched Wellness (CSE: PSYC). Jeff joins us to discuss the latest developments across the psychedelics sector as a whole and coming tailwinds, as well as the current progress that Psyched is making in commercializing the […]
Cresco Labs: Consensus First Quarter 2021 Estimates
Cresco Labs (CSE: CL) announced that they will be reporting their first quarter financials before market open on March 27th. Analysts have a consensus C$23.36 12-month price target on the company, via a total of 16 analysts, with four analysts having a strong buy rating, 11 have buy ratings and one analyst has a hold […]
Red Pine Exploration: Haywood Initiates Coverage Withy $1.40 Price Target
Haywood Securities last week initiated coverage on Red Pine Exploration (TSXV: RPX) with a buy rating and an C$1.40 price target, showing 97% upside to the current price. They are initiating coverage after the company consolidated 100% ownership of its Wawa Gold Project, saying that, “now the ownership of the Wawa gold project is consolidated […]
Lordstown Motors Significantly Cuts Production Guidance For 2021
Lordstown Motors (NASDAQ: RIDE) substantially decreased its production outlook for the Endurance electric truck this week, stating that the company needs to raise more capital. RIDE stock fell upon the release of the news. Lordstown substantially increased its 2021 expectations for operating expenses by $115 million, due to “significantly higher spending on vehicle validation tests, […]
Standard Uranium Mobilizes For 10,000 Metre Drill Program
Standard Uranium Ltd. (TSXV: STND) today announced the mobilization of the Geotech drilling crew and exploration team has commenced to the company’s flagship Davidson River Project in Northern Saskatchewan. The company has planned to drill 10,000 meters of diamond drill core to follow up on recent drilling. This program will examine the previously drilled Warrior […]
Montage Gold Indicates IRR Of 31% For Kone Project In PEA
Montage Gold Corp. (TSXV: MAU) shared today the results of its preliminary economic assessment for the Koné Gold project in Côte d’Ivoire. The results highlighted a US$652.2M after-tax NPV5% and 30.9% after-tax IRR at a base case price of US$1,600 per gold ounce. The company indicated this morning that potential total gold production as per […]
PharmaTher Files With FDA For Orphan Drug Designation In Use Of Ketamine For ALS
PharmaTher Holdings (CSE: PHRM) this morning announced that it has filed with the US FDA for orphan drug designation as it works to further study the uses of ketamine. The latest filing pertains to the use of ketamine to treat Lou Gehrig’s disease, which is formally known as ALS, or amyotrophic lateral sclerosis. Lou Gehrig’s […]