Galaxy Digital Sees Assets Under Management Fall 17% In December
A sign of the times. Galaxy Digital Holdings (TSX: GLXY) Friday evening made a brief announcement on its assets under management, and to say the least, it wasn’t positive. The firm over the course of December, perhaps as a sign of the lack of strength in the crypto currency markets as a whole, saw its […]
Bitcoin Has Plummeted 40% in Two Months, But It Still May Be Too Early to Dive in for a Reflex Rally
Bitcoin continues to fall sharply and is testing the US$40,000 level that proved to be a floor in late September 2021. The digital currency is down around 10% just in the first few days of 2022 and has lost fully 40% of its value from the US$68,990 all-time high achieved only two months ago in early […]
Tilray: Cantor Slashes Price Target To $7.40 Ahead Of Earnings
Tilray (TSX: TLRY) is expected to report its second fiscal quarter 2022 results on January 10 before the markets open. The average revenue estimate between 14 analysts is US$172.62 million. This average estimate has steadily been revised lower as the estimate is down from US$211.18 million at the start of July 2021. Tilray currently has […]
GoGold: BMO Lowers Target Price After Production Miss
On January 5th, GoGold Resources Inc. (TSX: GGD) announced its production data for the fiscal first quarter ending December 31st, 2021. The company announced that it produced 195,678 ounces of silver, 2,558 ounces of gold and 123 tonnes of copper, which equates to 444,071 ounces of silver equivalent. This is down from the 526,044 equivalent […]
Gareth Soloway: Tesla, Ford, Bitcoin, and Yield Curves for 2022 – The Daily Dive
In our first Daily Dive for the year, we welcome back Gareth Soloway of InTheMoneyStocks.com. Gareth joins us to give his take on a number of topics: the yield curve’s upward trend (0:45), the recent decline in bitcoin (1:46), traditional automakers like Ford (3:25), outlook for Tesla amid rising interest rates (4:43), and Canadian cannabis […]
Hydrofarm Projects US$470 – US$490 Million In Net Sales For Fiscal Year 2021
Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) reaffirmed today its financial outlook for the full fiscal year 2021 ended December 31, 2021. The firm is estimating US$470 – US$490 million in net sales, representing a 37% – 43% year-on-year growth. The annual outlook incorporates the estimated impact of the firm’s five acquisitions this year: Heavy 16 […]
Vietnamese Carmaker VinFast Plans To Offer Battery Leasing Upon Entering Canadian EV Market
Vietnamese car manufacturer VinFast announced its unique strategy as it plans to enter the Canadian electric vehicle market. The firm is looking at implementing a battery leasing scheme with its potential consumers. In a nutshell, the automaker will sell the electric car and lease the battery separately, for which the car owner makes monthly payments. […]
Kazatomprom Hints At Impacts To Operations Following Social Unrest
It appears that Kazatomprom, whom is the largest producer globally of uranium, is beginning to walk back comments it made earlier in the week. On Thursday, the firm had stated that it was operating normally, with recent social unrest having no impact on exports or output from the mine. In speaking to Bloomberg Thursday, Kazatomprom’s […]
Stronghold Digital Hits 1.3 EH/s Hashrate, Targets 4.0 EH/s By Q2 2022
Stronghold Digital Mining (Nasdaq: SDIG) announced on Thursday that it has exceeded 1.3 EH/s total hashrate. The computing capacity is brought by additional 14,000 miners received by the firm to date, with 8,700 of which delivered in the last five weeks. The firm seems to be ramping up its mining fleet as it had just reported […]
Corvus Gold Announces Shareholder Approval Of Acquisition By AngloGold Ashanti
The planned acquisition of Corvus Gold Inc. (TSX: KOR) by AngloGold Ashanti (NYSE: AU) is taking a step closer to fruition. Shareholders and optionholders of Corvus Gold voted on Thursday in favor of the proposed arrangement. With 64.48% of shareholders and 99.53% of optionholders on record voting as a class, 99.52% voted in favor of the […]