Imperial Helium: Eight Capital Initiates Coverage With $1.00 Price Target
Imperial Helium (TSXV: IHC) had their first investment bank initiate coverage on them this past week. Eight Capital initiated coverage on the company with a C$1.00 price target and buy rating. Their analyst Phil Skolnick says that they derived their price target from 1x their risked NPV13 net asset value estimate. Eight Capital’s investment thesis […]
FBI Opens Investigation Into OnlyFans Financial Activity Over Potential Crimes
OnlyFans, the adult subscription company that has gained significant popularity amid the pandemic, is allegedly being investigated by the FBI, following numerous reports of money laundering, suspicious transactions, and underage users. According to various Suspicious Activity Reports (SARs) filed by banks in the US and elsewhere, and originally published by Forensic News back in March […]
Village Farms: A Future “Meme” Stock?
Perhaps the biggest story in the stock market over the last week or two has been the resurgence of “meme” stocks. Most prominently is that of AMC Entertainment (NYSE: AMC), which owns around 1,000 movie theaters globally. A meme stock is generally considered a stock which: 1) is discussed frequently on social media sites where […]
Dundee Precious Metals Buys INV Metals To Expand Operations To Three Continents
On May 31, Dundee Precious Metals Inc. (TSX: DPM) surprisingly (at least to us) announced it is acquiring INV Metals Inc. (TSX: INV) via an all stock transaction. Shareholders of INV Metals will receive 0.091 shares of Dundee for each INV share they own, which implies an INV takeover equity value of around $120 million. Dundee […]
US Jobless Claims Fall Below 400K for First Time Since Beginning of Pandemic
For the first time since the beginning of the pandemic, initial jobless claims have fallen below 400,000, as companies and businesses embark on hiring sprees amid the lifting of restrictions and reopening of the US economy. As the US heads into the busy summer months, initial claims for unemployment benefits have fallen by 20,000 to […]
Is Tantalus Labs The Next Private Operator Looking To Sell?
It appears that in the wake of the recent announcement of private operator Redecan being acquired by Hexo Corp (TSX: HEXO) (NYSE: HEXO) in a massive $925 million transaction, other well-known private operators are looking to make their exit as well. The Deep Dive has recently reviewed materials prepared on June 1 suggesting that BC-based […]
Datametrex: COVID-19 Testing Continues To Thrive Despite Vaccines – The Daily Dive
For the final episode of the trading week, we see the return of Datametrex AI (TSXV: DM) CEO Marshall Gunter to the Daily Dive. Within, we sit down with Marshall to discuss the recent strong financials put forth by the company, and address the current state of COVID-19 testing being conducted by the company. We […]
Tesla Shares Slip Below $600 Following Report of Steep China Sales decline
It appears that Tesla is headed even further into turbulent territory with China, as the EV maker’s orders in the communist country fell sharply in May. According to The Information, which cited a source familiar with the data, Tesla’s monthly net orders to China fell from 18,000 in April to approximately 9,800 last month. “The […]
US Services Expand by Most on Record While Passing on Higher Costs to Consumers
Stagflation is officially here, and its signals are flashing red-hot. Service providers across the US expanded by the sharpest pace on record last month, and were not shy to pass along the subsequent cost increases onto customers. The latest ISM Services reading soared from 62.7 to 64 in May— the highest on records dating back […]
Pershing Square Holdings Confirms Talks To Acquire 10% of Universal Music for $4 Billion
Pershing Square Tontine Holdings Ltd (NYSE:PSTH), confirmed today that the special purpose acquisition vehicle assembled by billionaire investor Bill Ackman is currently in negotiations with Universal Music Group. The arrangement would see the SPAC buy 10% of the company for a total figure of $4.0 billion. The deal will place UMG at a value of […]