Robinhood Sent Tumbling as Stockholders Prepare to Sell 97.9 Million Shares
Following a dismal IPO that saw Robinhood’s shares crater on the first day of trading, the discount broker soon regained its momentum, surging by 50% on Wednesday after an onslaught of retail traders joined institutional investors including Cathie Wood’s Ark Innovation, and piled into the new stock. However, the optimistic rebound didn’t last long, because […]
Value of Building Permits Recovers in June, Rises 6.9%
Following a month of record declines that saw building permit values suddenly plummet 14.8% in May, construction intentions in June rebounded 6.9%, as seven of the 10 provinces contributed to the gain. According to Statistics Canada, the total value of building permits rose from $9.5 billion to $10.3 billion in June, as residential and non-residential […]
Grill Maker Weber Prices Downsized US$250 Million IPO
Grill maker Weber Inc. (NYSE: WEBR) started publicly trading on the New York Stock Exchange today under the symbol “WEBR”. The firm’s initial public offering is looking to raise US$250.0 million and is expected to close on August 9, 2021. The offering will be conducted through the issuance of 17,857,143 Class A common shares selling […]
US Treasury Set to Reduce Government Debt Sales for First Time in Five Years
The US economy may soon see reduced sales of government debt come autumn, as spending measures associated with the Covid-19 pandemic may no longer be needed in such an extraordinary capacity. The Treasury has revealed that it is planning to announce new reductions on its auction sizes as early as November, but kept current issuance […]
Gran Colombia Eyes Raising US$300 Million From 6.875% Senior Notes Offering
Gran Colombia Gold Corp. (TSX: GCM) last night announced that it has priced its offering of senior unsecured notes due 2026 bearing a 6.875% coupon rate. The offering, which the company reported to be oversubscribed, is priced for a total of US$300 million. The company relayed that the proceeds from the offering are intended for […]
Zoglo’s: Plant Based Foods Are Here To Stay – The Daily Dive
Today on the Daily Dive, we are joined by Anthony Morello, CEO of Zoglo’s Incredible Food Corp (CSE: ZOG), a new issuer on the Canadian Securities Exchange. Anthony sits down with us this afternoon to give us the two minute elevator pitch on the company, why the company ultimately decided to go public, and how […]
Equinox: BMO Lowers Price Target To $15.50 Following Q2 Results
On August 4, Equinox Gold Corp. (TSX: EQX) reported its second quarter production results. The company produced 122,656 ounces of gold at a total cash cost of $1,089 and an AISC of $1,382. The company additionally sold 124,712 ounces of gold at an average selling price of $1,806 to bring in revenue of $226.2 million. […]
US Corporate Landlords Prepare to Cash in on Rent Bonanza Amid Surging Housing Demand
Renting a home in the US is about to get a lot more expensive. The biggest landlord of single-family dwellings in the US has decided to raise rents by 8% across the country, in response to robust demand for housing. According to a statement published last week, Invitation Homes Inc. has announced it will raise […]
Quarterhill Reports Q2 2021 Financial Results, Post $18.9 Million In Consolidated Revenue
Quarterhill Inc. (TSX: QTRH), today released the results for Q2 ended June 30, 2021. The company saw consolidated revenues of $18.9 million, and a net loss of approximately $6.4 million. The company saw a decrease in gross profit, recording a little over $3.3 million for the quarter. Comparatively, the year-ago period reflected approximately $4.1 million […]
Novo Resources Sees Nullagine Gold Project Produce 8,589 Gold Ounces In July 2021
Novo Resources Corp. (TSX: NVO) reported this morning that its Nullagine Gold project produced 8,589 gold ounces in July 2021. This is a 46% increase from June 2021’s production and so far the company’s highest since the project started pouring gold in February 2021. The mining firm also generated $17.8 million gold revenue in July, […]