Small Pharma: Canaccord Initiates Coverage With $1.00 Price Target
Canaccord Genuity recently initiated coverage on Small Pharma Inc (TSXV: DMT), a company that is developing the psychedelic compounds DMT and deuterated DMT for depression treatment and other mental health conditions. The company at the start of the year initiated Phase 1 trials and expects Phase 2a trials to start in the third quarter of […]
US Consumer Sentiment Rises Amid Optimistic Economic Reopening
US consumer sentiment jumped by more than expected at the beginning of June, as an increased number of Americans expect economic conditions to continue improving. The latest University of Michigan preliminary sentiment index reading rose from 82.9 in May to 86.4, which is above the consensus forecast among economists polled by Bloomberg calling for a […]
Apple Reportedly In Talks With Two Leading Chinese Battery Manufacturers For Planned Electric Vehicle
On June 8, Reuters reported that Apple (NASDAQ: AAPL) is in early-stage discussions with Chinese battery makers Contemporary Amperex Technology Co., Ltd., or more commonly called CATL (Shenzhen: 300750); and BYD Company Limited (OTC: BYDDF). CATL, which supplies batteries to Tesla, is the world’s largest automotive battery manufacturer, and BYD is an electric vehicle (EV) […]
TC Energy Officially Scraps Keystone XL Project
The Keystone XL pipeline, which has garnered a lot of controversy over the past several years, has officially been cancelled for good. On Wednesday, TC Energy confirmed it had terminated the entire pipeline project, which was expected to transport crude from Canada’s oilsands to refineries in the US. Following Joe Biden’s inauguration in January, the […]
Jushi: Canaccord Reiterates Price Target Following Financials Finally Being Released
Earlier this week, Jushi Holdings Inc. (CSE: JUSH) finally reported their first quarter 2021 and full year 2020 results after long delays by their auditor MNP. Jushi announced that their 2020 revenues increased 690% to $80.8 million year over year and gross profit came in at $43.1 million, with an adjusted EBITDA margin of ($3) […]
Russia Dumps $5 Billion From Oil Fund, Embraces Euro, Yuan Instead
Russia has dumped a significant portion of the greenback from its oil fund last month, in favour of other currencies amid tightening Western sanctions. According to the Finance Ministry, Russia’s National Welfare Fund, which holds savings derived from Russia’s oil revenues, sold $5 billion in an effort to cut back its exposure to the US […]
Hexo: Analysts Anticipate $34.4 Million In Q3 Revenues
Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced that they will be reporting their fiscal third quarter financials before the market opens on June 14th. Analysts have a consensus C$9.47 12-month price target on the company, via a total of 25 analysts, with three analysts having buy ratings, eight analysts have hold ratings and a single analyst […]
IEA: Global Crude Demand Expected to Reach Pre-Pandemic Levels in 2022
The global demand for crude oil is expected to reach pre-Covid-19 levels as early as the second half of next year, as a number of key economies lift pandemic-related restrictions and ongoing vaccination rollouts increase confidence among travellers. According to the latest International Energy Agency’s (IEA) outlook, the global consumption of crude is forecast to […]
Rokmaster Resources: Constructive Drill Results At Gold-Rich Revel Ridge Project
On May 28, Rokmaster Resources Corp. (TSXV: RKR) reported constructive assay results on the first nine of 42 drill holes it plans to complete in 2021 on its Revel Ridge project in southeastern British Columbia. The 42 holes will represent a cumulative 16,400 meters of drilling in a Phase 1 drilling program at the gold-rich, polymetallic […]
Topaz Energy Sees BMO Resume Analyst Coverage
On June 8th, Topaz Energy Corp. (TSX: TPZ) had a flurry of news releases. The first one announced that they closed their $201.3 million dollar bought deal which included the underwriters exercising their allotment. The second news release was around the company providing updated 2021 guidance saying that they expect 2021 processing revenue to come in […]