Bitcoin Sent Rallying as Omicron Fears Fade
Cryptocurrencies enjoyed a strong rally on Monday, following a week of havoc in markets after the World Health Organization revealed a new strain of Covid-19 is spreading around the world. Bitcoin, the world’s largest cryptocurrency, was up by more 5% on Monday to around $58,000 at the time of writing, while ethereum, the second largest […]
Tesla Shares Jump After Elon Musk Tells Employees to Minimize Costs
Shares of Tesla (NASDAQ: TSLA) were up by nearly 5% on Monday morning, after CEO Elon Musk directed his employees to concentrate on minimizing costs ahead of fourth quarter sales targets. In a statement distributed to workers last week, Musk explained that he doesn’t want Tesla rushing to fulfill fourth quarter sales targets at the […]
Stellantis Inks Agreement With Factorial Energy To Develop Electric Vehicle Batteries
Stellantis NV (NYSE: STLA) announced this morning the joint development agreement made with battery maker Factorial Energy. The agreement aims to jointly develop the latter’s high-voltage traction solid-state battery technology. “Our investment in Factorial and other highly recognized battery partners boosts the speed and agility needed to provide cutting-edge technology for our electric vehicle portfolio,” said […]
Else Nutrition Records Flat Revenues, Net Loss In Q3 2021
Else Nutrition (TSXV: BABY) reported on Monday its financial results for Q3 2021. The report highlighted a quarterly revenue of $1.17 million, virtually unchanged from Q2 2021’s revenue of $1.11 million but an increase from Q3 2020’s revenue of $0.38 million. In its statement, the company’s CEO Hamutal Yitzhak explained that “Else is a company […]
Jack Dorsey Stepping Down as Twitter CEO
Shares of Twitter (NYSE: TWTR) were sent downward Monday morning, after news broke that the social media platform’s CEO Jack Dorsey will be stepping down. According to a company announcement, Dorsey will be abdicating his post as CEO effective immediately, and will be replaced by Twitter’s chief technology officer, Parag Agrawal. Dorsey, who also currently […]
PharmaTher Secures Japanese Patent For Ketabet
PharmaTher Holdings (CSE: PHRM) announced today that it has been granted a Japanese patent for its ketamine combination formulation, Ketabet. The patent is expected to cover the application until 2036. “We are extremely pleased about the grant of this patent by the Japanese Patent Office as it validates the novelty and potential of KETABET™ for unmet […]
CloudMD Hits $39.2 Million In Revenue, $4.3 Million Net Loss In Q3 2021
CloudMD Software & Services Inc. (TSXV: DOC) released on Monday its Q3 2021 financial results which saw the company post quarterly revenue of $39.2 million, as expected from the preliminary results the firm previously announced. This is an increase from Q2 2021’s revenue of $15.7 million and Q3 2020’s revenue of $3.4 million. “This was […]
Bigg Digital Reports Q3 Revenues Of $2.6 Million, A 42% Sequential Decline
Bigg Digital Assets (CSE: BIGG) this morning reported financial results for the period ended September 30, 2021. The crypto broker saw revenues fall substantially during the quarter, hitting just $2.6 million. Revenues decreased a total of 42.3% on a quarter over quarter basis, falling from $4.5 million to $2.6 million. The poor results were blamed […]
Discovery Silver Reports NPV Of US$1.2 Billion For Cordero
Discovery Silver (TSXV: DSV) this morning reported a preliminary economic assessment for its Cordero Silver Project, which is found in the Chihuahua State of Mexico. The project is said to have an after-tax net present value of US$1.2 billion. The projected NPV is based on a 5% discount, with a bae case of $22.00 per […]
O2Gold Extends Main Aurora Vein To 450 Metres
O2Gold (TSXV: OTGO) this morning provided an update to its ongoing exploration program at its flagship Aurora property in Colombia. Most significantly, the company has increased the proven extension of the Aurora Vein to 450 metres. Drilling to date at Aurora is said to have been focused on this main vein, with all holes to […]