Canada Nickel To Conduct $10.0 Million Flow Through Bought Deal Financing
Canada Nickel Company (TSXV: CNC) is looking to raise further funds to explore its properties. The firm last night announced that it would be conducting a $10.0 million bought deal financing of flow through units. The financing will see the company sell approximately 2.4 million shares at a price of $4.10 per flow through share. […]
Sundial Growers Increases Total Investment In Sunstream Bancorp To $538.0 Million
Sundial Growers (NASDAQ: SNDL) appears to be looking for avenues to spend its excess cash. The company this morning issued a brief announcement, wherein it indicated that it is substantially increasing its commitment to a cannabis investment vehicle. The arrangement will see Sundial increase its previously committed $188.0 million to $538.0 million for its joint […]
AMC Entertainment Abandons Plan to Issue More Stock Following Shareholder Feedback
Meme stock favorite AMC Entertainment (NYSE: AMC) has decided to pull the plug on a plan to issue more shares after investors remained split on the decision. AMC Entertainment, the cinema chain that was severely hit by pandemic-related shutdowns last year, came roaring back as a popular meme stock, after retail investors plunged into the […]
Toronto Housing Sales Slide in June as Peak Real Estate Activity Fades
Canada’s largest real estate market suffered yet another slump in June, after buying activity fell further away from the highs of March and May. According to the Toronto Regional Real Estate Board (TRREB), there were a total of 11,106 properties that traded hands in June, which is 28.5% higher compared to year-ago levels, but marks […]
Eguana Selected For Hawaii Virtual Power Plant Program, Receives First $3.6 Million Order
Eguana Technologies (TSXV: EGT) this evening had a major announcement in that it has been selected to deploy its virtual powerplant technologies in Hawaii with the state’s Public Utility Commission. The firms Evolve system is to be deployed under the Emergency Demand Response Program being implemented in the region. The program has been initiated by […]
Trulieve: Canaccord Reiterates $97 Price Target After Virtual Roadshow
Over the last week, Trulieve Cannabis (CSE: TRUL) went on a virtual roadshow mainly focused on talking to international investors featured by Canaccord Genuity. Derek Dley, their analyst, says, “We came away from the investor meetings with increasing confidence in the company’s ability to develop market-leading positions in recently entered states, and through leveraging its […]
Uber and Lyft Face Mounting Driver Shortages as Demand for Travel Picks Up
With the US economy roaring back to life, a number of industries are getting prepared for an influx of pent-up demand for numerous goods and services. However, the broad issue of labour shortages are hitting some sectors of the economy harder than others. Following a sharp decline in the demand for travel all throughout last […]
Trading: Retail Earnings Might Lead To A Market Shift
Joining us on the Daily Dive is someone who’s become a regular guest. Chris Vermuelen of The Technical Traders joins us this afternoon to discuss the best asset class to be focused on, his take on the current volatility in the market and how he measures it, and finally we look at the charts for […]
Bitfarms: Decline In Bitcoin Hash Rate Appears To Fully Offset Price Decline
Stocks of Bitcoin miners have declined around 25-30% since Bitcoin peaked at US$64,000 in mid-April. At its current price of US$34,100, the digital currency has lost about half its value in less than three months, so a corresponding decline in stocks of the miners could be merited. However, stock investors seem not to be factoring in […]
Starr Peak Intersects 18.07% Zinc Equivalent Over 6.65 Metres
Starr Peak Mining (TSXV: STE) this morning released its latest round of assays for its ongoing drill program at its flagship NewMetal property in Quebec. Notably, the company posted the highest grades intersected to date within the results. Assays from the latest program have extended the Deep Zone by 175 metres to a vertical depth […]