CytoDyn Starts Phase 3 Trial Of Antibody Treatment For COVID-19 Patients With Severe Symptoms In Brazil
CytoDyn Inc. (OTCQB: CYDY) reported on Thursday night that it started a phase 3 clinical trial to consider the company’s investigational drug leronlimab to treat COVID-19. The biotech company announced that it has started treating its first patient in Brazil with severe symptoms from the pandemic disease. “We are very encouraged enrollment for this first […]
Aberdeen International Reports Q2 Net Income Of $10.9 Million
Aberdeen International (TSX: AAB) this morning released its second quarter financing results. The company reported a total investment gain of $11.5 million for the period ended July 31, 2021, while also recording a significant positive net income. Investment gains for the quarter consisted of $0.7 million in realized gains on investment, as well well as […]
CGI Prices US$1 Billion Senior Notes Offering
IT and business consulting firm CGI Inc. (TSX: GIB.A) announced Thursday night the pricing of its previously announced offering of senior unsecured notes. The company is seeking to issue notes with an aggregate principal of US$1.0 billion. The offering will consist of US$600 million in principal amount of 5-year notes carrying 1.450% interest rate per […]
NG Energy Receives Permits For Sinu-9, Construction To Commence Immediately
It appears that it is full steam ahead for NG Energy’s (TSXV: GASX) Sinu-9 project in Colombia. The company, whom was halted midday yesterday pending news, this morning finally released what has been much anticipated by investors – the company has received the required permits to proceed with exploration and development of its SN9 block. […]
Datametrex AI Bags Two More Contracts Within Canadian Film Industry
Datametrex AI (TSXV: DM) issued a brief press release this morning, indicating it has secured two additional contracts. The contracts pertain to the firms COVID-19 testing services, which has seen significant growth over the course of the last year. The latest contracts are yet again found within the television and film industry. Following the firm […]
TGOD Set To Trade On The CSE As Of Monday
The Green Organic Dutchman (TSX: TGOD) this morning provided an update on its departure from the Toronto Stock Exchange, which was initially announced at the end of August. The company has formally received final approval to commence trading on the Canadian Securities Exchange. The move by the company to drop to a lower tier exchange […]
Are US Equities Overvalued? These Banks Think So
A number of major banks are sounding the alarm over US equity valuations, many of which have soared to unprecedented levels during the Covid-19 pandemic. Analysts at Goldman Sachs, Morgan Stanley, and Citigroup have issued a series of warnings of a potential market correction slated for US equities, which threatens to derail a streak of […]
Raymond James Calls Indiva 75% Undervalued, Gives 243% Upside Target
This week, Raymond James initiated coverage on Indiva Limited (TSXV: NDVA) with a $1.75 price target, or 243% upside, and a strong buy rating. They become the only firm to have coverage on the name. Indiva is a Canadian licensed producer of “cannabis 2.0” products such as pre-rolls, flower, capsules, and edible products and provides […]
Bank of Canada Maintains Pace of Bond Purchases, Near-Zero Interest Rates
The Bank of Canada has decided to keep its current pace of asset purchases, as well as near-zero interest rates in tact, amid poorer than expected economic data. According to a statement released on Wednesday, Bank of Canada policy makers decided to uphold the historically low policy rate at 0.25% until all economic slack from […]
Coinbase Gets Trolled By The SEC
So things just got weird between the SEC and Coinbase (NASDAQ: COIN) after an interesting Twitter rant this morning from CEO and co-founder of Coinbase Brian Armstrong. Brian told us that Coinbase is looking at launching a lending program and was basically told by the SEC, we just won’t let you be. In fact, the […]