Filo Mining Sees BMO Lift Price Target To $20 After Assay Results
On January 19th, Filo Mining (TSX: FIL) reported their assay results from hole FSDH054. The drill hole reported 1,224 metres of 1.25% copper equivalent from a depth of 146 metres, which included 592.0 metres of 2.04% copper equivalent and 171.5 metres of 3.22% copper equivalent. Filo Mining currently has 10 analysts covering the stock with […]
Peloton Reports Positive Earnings Which Seem To Contradict Reports Of Sharp Demand Slowdown
During the trading day on January 20, 2022, CNBC reported that, based on a review of “internal documents,” Peloton Interactive, Inc. (NASDAQ: PTON) is temporarily halting production of its connected fitness products, such as stationary bicycles and treadmills, due to a significant slowing of demand. The stock plummeted 24% on that news, closing at US$24.22. The soap opera […]
Bitcoin Tumbles Below $37K as Investors Offload Risky Assets
Cryptocurrencies have not been performing too well since the beginning of the year, and this week continued their downward slide as major economies prepare to scale back generous monetary policies in face of rising inflation. The price of bitcoin has fallen to around $36,800 at the time of writing, marking a decline of nearly 6% […]
Ascend Wellness: Canaccord Lowers Target To US$10
On January 14th, after a number of press releases from Ascend Wellness Holdings, Inc. (CSE: AAWH.U), the company finally announced that it has filed a complaint against MedMen Enterprises Inc. (CSE: MMEN) and a preliminary injunction against them. This is in regards to Medmen’s unwillingness to transfer their New York license to Ascend. Ascend Wellness […]
Airlines Cancelling US Flights Amid 5G Concerns
Some major airlines have resorted to cancelling flights to the US, over concerns that the country’s 5G rollout may interfere with vital aircraft technology. Although AT&T (NYSE: T) and Verizon (NYSE: VZ) have temporarily refrained from rolling out their new high-speed internet services near airports across the US, some major airlines still decided to cut […]
Financial SPAC HCM Acquisition Prices US$250 Million IPO
Special purpose acquisition company HCM Acquisition Corp (Nasdaq: HCMAU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$250 million in its initial public offering. The offering consists of 25.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common share and […]
What Will Be China’s Impact On Uranium Markets? – The Daily Dive
Coming back to the Daily Dive is Joe Kelly, CEO of Uranium Markets. He joins us to talk about the impact of Kazahkstan on the uranium market (0:54), Japan’s play for the nuclear power (4:41), and the prospect of US giving tax credit to nuclear firms (5:53). Joe also discusses China’s shift from coal to […]
Capstone Green Energy Bags 3.4 MW Renewable Energy Contract In California
Capstone Green Energy Corporation (Nasdaq: CGRN) shared today a renewable energy project secured by its distributor, Cal Microturbine. The contract seeks to provide a 3.4 MW microturbine-based system for an unnamed customer in California. No financial details have been shared but the firm said the system will consist of three Capstone Green Energy C1000S Signature […]
Pretium Resources Secures Shareholder Approval Of Acquisition By Newcrest Mining
Pretium Resources Inc. (TSX: PVG) announced on Thursday that its shareholders have approved the previously announced acquisition by Newcrest Mining Limited. The arrangement was voted in favor by 95.48% of the shareholders present during the special meeting. Shareholders who elected for the all-cash consideration will get $10.81 in cash and 0.3357 Newcrest shares per Pretivm […]
Peloton Releases Preliminary Fiscal Q2 2022 Financials: US$1.14 Billion In Revenue
Peloton Interactive (Nasdaq: PTON) shared on Thursday its preliminary results for its fiscal Q2 2022 ended December 31, 2021. The results highlighted a quarterly revenue of US$1.14 billion. The revenue is an increase from fiscal Q1 2022’s US$805.2 million and also met the previously announced guidance of US$1.1 – US$1.2 billion. “As we discussed last quarter, we are […]