Coinbase Sent Crashing Amid Avalanche of Shiba Inu Buy Orders
Despite sitting on a sizeable market cap of $65 billion, it appears that Coinbase (NASDAQ: COIN) still has a few things to iron out, because on Wednesday afternoon, tens of millions of users were locked out of their accounts due to a cascade of buy orders for ethereum-based dogecoin copycat altcoin Shiba Inu (SHIB). The Shiba […]
Uranium Energy Corp Reports Fiscal 2021 Results: 4.1 Million Uranium Pounds Warehoused, $14.8 Million Net Loss
Uranium Energy Corp (NYSE: UEC) filed its annual report for the fiscal year ended July 31, 2021. The firm ended with a net loss for the year amounting to $14.8 million, marginally higher than 2020’s $14.6 million net loss. On the other hand, the company has expanded its physical portfolio of US-warehoused uranium to 4.1 million […]
Panasonic Unveils ‘Breakthrough’ Battery for Tesla as Demand for EVs Heats Up
With Tesla (NASDAQ: TSLA) enjoying a positive bout across markets due to stronger-than-expected deliveries and a massive order from Hertz to the tune of 100,000 vehicles, Panasonic Corp. has ramped up its efforts to meet the automaker’s “next level” demand for EV batteries. Earlier in October, Tesla revealed a record number of global car deliveries […]
Lion Electric Gets Purchase Order For 39 Electric Buses From Groupe Autocar Jeannois
Days after it received a conditional purchase for 1,000 electric buses, The Lion Electric Company (TSX: LEV) announced this morning the receipt of the purchase order from family-owned transport firm Groupe Autocar Jeannois. The latter is ordering a total of 39 electric school buses. As per the order, the Quebec-based transport carrier is ordering 35 […]
Crescent Point Posts $77.5 Million Net Income For Q3 2021
Crescent Point Energy Corp. (TSX: CPG) released today its financial results for the quarter ending September 30, 2021, which saw the company earn $77.5 million in net income. This is a drop from last quarter’s $2.1 billion net income (due to an impairment reversal) but an increase from last year’s $0.5 million net income. Considering […]
Shopify Posts Q3 2021 Revenues Of $1.1 Billion, Marginally Improving From Q2
Shopify (TSX: SHOP) this morning released its third quarter financial results for 2021, reporting revenue of $1.1 billion, an improvement of 46% on a year over year basis. Net income for the quarter meanwhile amount to $1.1 billion as well, which was primarily driven by unrealized gains on investments. Revenue for the quarter was largely […]
Pure Gold Hits 55.4 g/t Gold Over 5.0 Metres At Red Lake Mine
Pure Gold Mining (TSXV: PGM) this morning reported results from its drill program that was completed in the third quarter. Drilling was conducted underground, as the company works to plan for near term production from the Main Ramp and East Ramp regions of its mine operation. The results are said to have the potential for […]
Voyager Digital Sees Alameda Research Invest $75 Million, Details Scarce
Voyager Digital (TSX: VOYG) this morning announced that it has a new major investor in its equity, which is also strategic in nature. The company has seen Alameda Research, a “pioneer” in the crypto space, make a significant investment in the company. The kicker however, is that almost no details were provided on the transaction. […]
Aurora Cannabis Begins Outsourcing Manufacturing With Initial Valens Company Agreement
Aurora Cannabis (TSX: ACB) appears to be in the process of changing its business model. The company this morning, despite its capacities, announced a manufacturing agreement with The Valens Company (TSX: VLNS). The arrangement will see Valens manufacturer a seasonal offering for the company, which is said to be a mint product that will be […]
Bank of Canada Pulls Back QE Ahead of Forecast, Accelerates Potential Rate Hike to Mid-2022
Despite inflation running rampant across all sectors of the economy, markets were not anticipating a much earlier rate hike, and were certainly not expecting the Bank of Canada to pull back its quantitative easing program all before the morning cup of joe is even poured. According to a policy statement on Wednesday, Bank of Canada […]