Connectivity Firm Credo Prices US$200 Million Nasdaq IPO
Connectivity solutions provider Credo Technology Group (Nasdaq: CRDO) started trading on the Nasdaq Global Select Market today. The California-based firm aims to raise US$200 million in its debut on the US big board. The offering consisted of 20.0 million common shares at US$10.00 per share. Around 18.4 million shares are being offered by the company […]
Rick Rule: The Real Silver Squeeze Is Yet To Happen
Returning to the Daily Dive today is Rick Rule, the former President and CEO of Sprott US Holdings. Rick joins us today to discuss rising oil prices (0:58), the potential for future rate increases (2:35), and the use of helium in small modular reactors for energy generation (4:30). Also discussed is Rick’s current view on […]
TransGlobe Energy Releases 2022 Guidance: 12.4 – 13.4 MBoepd
TransGlobe Energy Corporation (TSX: TGL) shared today its operational and capital guidance for 2022. The report is highlighted by an estimated average production of 12.4 – 13.4 mboepd next year. The firm is estimating its operations in Egypt will contribute 10.0 – 10.8 mboepd while Canada will add 2.4 – 2.6 mboepd in 2022. For comparison, […]
THC BioMed Plans Cannabis Research For Potential COVID-19 Virus Prevention
THC BioMed Intl (CSE: THC) is looking at joining the fight against the pandemic with cannabis. The firm announced today securing a license from an unnamed overseas government to cultivate cannabis for medical and scientific use. Citing research on the topic, including a published University of Chicago study, the firm intends to work on the […]
Champion Iron Posts $253.0 Million In Revenue For Fiscal Q3 2022
Champion Iron Limited (TSX: CIA) reported on Wednesday its financial results for fiscal Q3 2022, earning $253.0 million in revenue. This is a decrease from Q3 2021’s revenue of $329.6 million. The year-on-year decrease is being attributed to the rising sea freight index due to “rising fuel prices and decreased vessel availability, [and] due to […]
Rogers Records $12.53 Billion Total Service Revenue In 2021
Rogers Communications (TSX: RCI.B) announced this morning its financial results for the fourth quarter and full-year 2021. The report is highlighted by an annual total service revenue of $12.53 billion, up from 2020’s $12.00 billion. Breaking down the topline revenue figure, wireless revenue contributed $8.77 billion, cable revenue contributed $4.07 billion, and media revenue added $1.98 […]
Federal Reserve Keeps Rates Unchanged But Plans for March Hike
The Federal Reserve has decided to keep interest rates unchanged for the time being, but stressed that a hike is likely imminent come March as inflation skyrockets to the highest in 40 years. Following the FOMC’s two-day meeting, Fed Chair Jerome Powell once again acknowledged that persistent inflation is out of control, and that interest […]
DMG Blockchain Delays 2021 Financial Results
DMG Blockchain (TSXV: DMG) appears to be having some difficulties with its year end financial results. The firm late last night announced a delay in the filing of the results. In making the announcement, the company advised that its external auditors “require additional time to complete its internal review and audit procedures.” The company did […]
Cognetivity Enters Distribution Arrangement For Dementia Product In Middle East
Cognetivity Neurosciences (CSE: CGN) is expanding its global distribution. The firm this morning announced it has signed a distribution agreement for its medical device product in the Middle East region. The arrangement will see Emitac Healthcare Solutions become an official distributor of the firms CognICA product. The firm is reportedly a leading provider in the […]
Avanti Energy Spuds Second Well On Montana Helium Property
Avanti Energy (TSXV: AVN) is evidently looking to quickly develop its helium property in Montana. The firm this morning spud its second well on the Greater Knappen property, days after having completed its initial testing on its first well on the property. The latest well, referred to as WNG 11-22, is expected to take approximately […]