Standard Lithium Answers Short Seller Report: “False And Misleading”
Standard Lithium (TSXV: SLI) answered on Thursday the allegations hurled by Hindenburg Research in its short report. The firm said it is responding to the document which it deemed “false and misleading.” In its full report also released on Thursday, entitled “Standard Lithium: All The Hallmarks of A Made-In-Vancouver Stock Promotion Scheme Fueled By EV Lithium […]
Hive Blockchain Produces 425 Bitcoin Equivalent In January 2022
HIVE Blockchain Technologies Ltd. (TSXV: HIVE) shared today its production results for January 2022. The monthly results highlighted a production of 425 bitcoin equivalent, marginally up from December 2021’s 423 bitcoin equivalent. The monthly production consists of producing 254 bitcoin and 2,170 ethereum, compared to last month’s 245 bitcoin and 2,178 ethereum. “[The] ETH that […]
Riverside Resources Announces Charity Flow Through Offering
Riverside Resources (TSXV: RRI) this morning announced that it will be conducting a small charity flow through private placement offering. Funds from the proceeds are to be used for the exploration of its property in Ontario. Under the terms of the offering, the firm will look to sell 2.9 million common shares of the company […]
PyroGenesis Quietly Announces Director Resignation
PyroGenesis Canada (TSX: PYR) is down a board member. The firm this morning quietly announced as part of an unrelated announcement that it has seen the resignation of Rodney Beveridge from the firms Board of Directors. The resignation reportedly was forced by Toronto Dominion Bank, where Beveridge acts as a broker. While the bank had […]
PharmaCielo Struggles To Complete Financing, Extends Closing To March
It appears that PharmaCielo (TSXV: PCLO) is having a difficult time raising funds for its operations. The firm this morning announced further delays to the final closing of a financing announced in December. The company is currently looking to raise $15.0 million from the sale of debenture units in a non-brokered offering. The units bear […]
Trillium Gold Looks To Raise $5.0 Million Via Brokered Offering
Trillium Gold (TSXV: TGM) is looking to raise funds as we draw closer to the spring exploration season. The firm this morning announced that it is looking to raise funds via the sale of a combination of units and flow through units. Under the terms of the financing, the company will look to raise $5.0 […]
Galaxy Digital Sees Assets Under Management Fall Nearly 19% In January
Galaxy Digital (TSX: GLXY) continues to struggle when it comes to its assets under management. After seeing a 17% decline in assets under management in December, that trend appears to have continued into January. Over the course of January, the firms affiliate, Galaxy Digital Asset Management, saw the rate of decline for its AUM accelerate. […]
K92 Mining: Canaccord Initiates Coverage With $8.75 Price Target
On January 31st, Canaccord Genuity Capital Markets initiated coverage on K92 Mining Inc. (TSX: KNT), with an C$8.75 12-month price target and speculative buy rating. This is the 13th analyst to cover K92 Mining. The average 12-month price target is C$11.38, or a 75% upside to the current stock price. Out of the 13 analysts, […]
PayPal Plummets After Revealing New Incentive Program Massively Backfired
Shares of PayPal (NASDAQ: PYPL) were sent into a colossal trainwreck on Wednesday, after the company revealed its incentive program massively backfired, amid a significantly worse-than-expected earnings report that fell short of Wall Street’s expectations. PayPal’s stock was down a record 25% on Wednesday morning to around $130 at the time of writing, one day […]
Facebook Nosedives Over 20% Following Weak Earnings, Dismal Guidance
Shares of Meta Platforms (NASDAQ: FB) — also formerly known as Facebook, fell over 20% on Wednesday, marking the sharpest single-day decline in US market history following a dismal fourth quarter that saw the social media giant report poor user growth, disappointing earnings, and a major guidance miss. Facebook finished off the final quarter of […]