Galaxy Digital To Acquire BitGo For $1.2 Billion
Galaxy Digital (TSX: GLXY) this morning announced that it has enetered into an arrangement to acquire BitGo in a transaction pegged at $1.2 billion in total consideration. BitGo is an independent digital assets infrastructure provider. Justification for the massive transaction is predicated on the acquisition making Galaxy Digital the “leading global full-service platform for institutions […]
Kontrol Tech To Move Listing To The Neo
Kontrol Technologies (CSE: KNR) last night announced that it has received approval to uplist to the Neo Exchange. The move will also see the company concurrently delist from the Canadian Securities Exchange. The company expects to see its shares begin trading under the symbol “KNR” on the Neo as of May 6, 2021, following a […]
Janet Yellen Admits Interest Rate Hike May be Imminent Amid Overheating Economy
US Treasury Secretary Janet Yellen finally conceded that interest rates may need to modestly increase in response to an economy that is showing signs of significant overheating. In a pre-recorded interview presented by the Atlantic, Yellen admitted that interest rates will need to rise in order to tame the economy’s burgeoning growth amid unprecedented government […]
Canada Posts Trade Deficit of $1.1 Billion Amid Higher Imports
Following what were two consecutive months of trade surpluses, Canada’s merchandise trade balance has reverted back to a deficit status of $1.1 billion in March. On Tuesday, Statistics Canada reported that Canada’s trade balance moved from a surplus of $1.4 billion in February to a deficit of $1.1 billion, as imports rose significantly amid higher […]
Lyft: Analysts Expect Consensus $556.4 Million In Q1 Revenues
Lyft Inc (NASDAQ: LYFT) will be reporting its first quarter financial results today after market close. Analysts have a consensus $67.60 12-month price target on the company, via a total of 41 analysts, with eight analysts having strong buy ratings. 16 analysts meanwhile have buy ratings, 15 analysts have hold rating and two analysts have […]
Bright Minds: The Next Revolution In Mental Health Care – The Daily Dive
Today on the Daily Dive, our host Cassandra Leah sits down with Ian McDonald, CEO of Bright Minds Biosciences (CSE: DRUG). Ian joins us today to give the two minute elevator pitch for his company, to give his take on what separates the real operators from the pretenders within the psychedelics space, and to discuss […]
Activision Blizzard Consensus First Quarter Estimates
Activision Blizzard (NASDAQ: ATVI) will be reporting its first-quarter financial results on May 4th after market close. Analysts have a consensus $113.29 12-month price target on the company, via a total of 34 analysts, with eight analysts having strong buy ratings. 21 analysts meanwhile have buy ratings and, four analysts have hold ratings and one […]
OSC Investigating Toronto-Based Bridging Finance Over Misappropriated Funds
A major investment management firm based in Toronto has entered into a court-approved receivership after the Ontario Securities Commission began an investigation over the alleged misappropriation of investor funds. Bridging Finance Inc. is now being undertaken by PricewaterhouseCoopers as per the request of the OSC, as it awaits the outcome of an investigation regarding the […]
IAMGOLD Records US$297.4 Million In Revenue For Q1 2021
IAMGOLD Corporation (TSX: IMG) reported today its financial results for Q1 2021, highlighting revenue of US$297.4 million. This is a 14.4% decrease from Q4 2020 revenue of US$347.5 million, but an 8.3% increase from Q1 2020 revenue of US$274.5 million. Q1 2021 saw US$19.5 million in net earnings, down from the previous quarter’s US$59.0 million […]
Gold Lion Releases 2021 Erickson Ridge Exploration Program
Gold Lion Resources (CSE: GL) this morning announced its exploration plans for its Erickson Ridge gold property near Elk City, Idaho. The company currently is planning to begin exploration on the property in June in what will be the first drill program on the property in decades. The exploration program outlined by Gold Lion is […]