Lordstown Motors: Speculative Electric Vehicle Play Has Declined About 70% Since Mid-February
Shares of Lordstown Motors Corp. (NASDAQ: RIDE), the Ohio-based manufacturer of the Endurance electric vehicle (EV) full-size pickup truck, peaked in February when investor interest in EV’s was unusually intense. The company has come under further selling pressure since a short seller published a scathing research report on March 12. Specifically, Hindenburg Research purports that […]
Taiga Motors: Canaccord Initiates Coverage With $23 Price Target
Canaccord recently intiated coverage on Taiga Motors (TSX: TAIG), a recently de-SPAC’d company with a buy rating and C$23 price target. Canaccord owns roughly 7.4% of the shares outstanding of the company as the SPAC was owned by Canaccord Genuity. Taiga Motors is a manufacturer and distributor of electric off-road vehicles and personal watercrafts. The […]
Canadian Auto Sales Jump 254% From Last Year’s Pandemic Low
Auto sales across Canada skyrocketed in April compared to the same month a year earlier, as consumers resumed vehicle purchases following the nadir at the beginning of the pandemic. According to estimates published by DesRosiers Automotive Consultants, Canadian auto sales rose from 45,833 units in April 2020 to 162,455 units last month, marking a 254% […]
Tesla Engineer Reveals Elon Musk Overstated Autopilot Capabilities
It appears that Tesla CEO Elon Musk has been overstating the capability of its self-driving technology, according to one of the company’s engineers. According to a series of documents from the California Department of Motor Vehicles (DMV) which were published by the legal-advocacy group Plainsite, CJ Moore, a director of Autopilot software, has revealed that […]
Champion Iron: A Low-Cost Producer Of High-Grade Iron Ore In High Demand
Iron ore prices continued their sharp rebound over the last twelve months, essentially reaching all-time highs last seen in early 2008 and early 2011. Growing global steel demand and an increasing environmental focus in China and elsewhere have been the main factors in the price move, particularly for higher-grade iron ore. Specifically, the introduction of high-grade iron […]
Cathie Wood, ARK ETF Manager, Says She Was in Business with Hwang
This evening Tesla (NASDAQ: TSLA) skeptics have found themselves with a juicy connection to ponder all weekend. Cathie Wood went on CNBC’s Closing Bell to help calm investors in her various ETF’s which are down between ~1.8% – 9.2% for the month. The same period where FOMO traders have begun moving into ‘investments’ like Dogecoin, […]
Credit Suisse Ceases Custodian Services Related to US Cannabis Stocks
Credit Suisse has been informing its customers over the past several months that it will cease executing transactions in shares of cannabis companies or hold them on the customer’s behalf, in a broader move to tighten its risk management procedures. According to Reuters, which cited a cannabis executive and other industry sources, Credit Suisse and […]
Enthusiast Gaming: Canaccord Updates Model Following Conference
Recently Canaccord Genuity sat down with Enthusiast Gaming’s (TSX: EGLX) C-suite to talk about the companies upcoming NASDAQ listing. Analysts said they came away with increased confidence, writing “We see continued upside despite recent share appreciation since the quarter due to momentum in direct sales wins, robust M&A pipe and greater visibility in the US, […]
Canada’s Unemployment Rate Jumps to 8.1% in April Amid Third Wave of Covid-19 Restrictions
Canada’s labour market recovery hit a standstill in April, as a third wave of Covid-19 infections and subsequent lockdowns led to employment losses across affected sectors. According to the latest Labour Force Survey published by Statistics Canada on Friday, the labour market lost a total of 207,100 jobs in April, forcing the unemployment rate to […]
Gold Producers Will Soon See Significant Cash Flows – The Daily Dive ft Tara Christie of Banyan Gold
Joining us today for the final episode this week of the Daily Dive is that of Tara Christie, whom is CEO of Banyan Gold (TSXV: BYN). Tara joins us to discuss the macro gold environment, and investor appetite for large gold producers. We then get in to the topic of Banyan, where she gives us […]