Tesla Plans For Another Stock Split
Tesla (NASDAQ: TSLA) is evidently looking to lower its trading price yet again after the wild price appreciation it has seen over the last two years. The move follows a similar action conducted by the company in 2020. A filing made by the company this morning with the SEC indicated that the company is looking […]
Uranium Royalty Corp Acquires A Further 200,000 Pounds Of U3O8
Uranium Royalty Corp (TSXV: URC) is apparently looking to boost sentiment in the uranium sector again. The firm this morning revealed it has made additional significant purchases of U3O8, removing further supply from an already tight market. The royalty firm this morning indicated it has acquired a further 200,000 pounds of U3O8, which came at […]
Mind Medicine CFO Quits Ahead Of Release Of 2021 Financial Results
It’s always a positive sign when a chief financial officer resigns the last business day before annual filings are to be presented, right? The management exodus at Mind Medicine (NEO: MMED) continued on Friday after hours, with the company announcing that its CFO would be leaving the company. Officially, the firms news release classified the […]
General Motors Announces Production Halt, Likely An Indication That Russia-Ukraine War Is Impacting Semiconductor Supply
On March 25, General Motors Company (NYSE: GM) announced one of the first tangible signs that the Russia-Ukraine war may be impacting semiconductor production. The automaker plans to halt production of light-duty trucks at its Fort Wayne, Indiana assembly plant for two weeks from April 4 through April 18. Important to note: this plant would likely be among […]
Lordstown Motors: Still No Definitive Agreement Reached with Foxconn
On March 24, Lordstown Motors Corp. (NASDAQ: RIDE) President Edward Hightower spoke at a gathering of companies involved in the electric vehicle (EV) industry. At that meeting, he said (remarkably) that Lordstown had still not reached an agreement with Hon Hai Technology Group (better known as Foxconn, the assembler of Apple’s iPhones) to jointly develop the Endurance all-electric […]
Kazatomprom: BMO Lowers Target To $47.50 Following “Erosion of Sentiment”
Last week Kazatomprom (LSE: KAP), one of the largest uranium producers reported it’s full-year 2021 results and updated investors on the geopolitical event of Russia and Ukraine. For the results, the company reported full-year revenues of US$1.62 billion, up 14% year over year. This was because of a monster fourth quarter, wherein the company saw […]
Europe Refuses to Pay for Natural Gas in Rubles
The EU continues to shoot itself in the foot, this time by refusing to meet Russian President Vladimir Putin’s demands to pay for natural gas shipments in rubles. Although the price of natural gas has modestly subsided from last month’s record-highs, the EU still faces a major supply problem, particularly in wake of Russia’s retaliatory […]
Russia Considers Banning Uranium Exports; Could Cause a Further Jump in Uranium Prices
Citing comments by Deputy Prime Minister Alexander Novak, the Russian state news agency TASS reported on March 21 that the country is considering banning uranium exports. The potential ban would presumably be in retaliation for U.S. President Biden’s decision to refuse to purchase Russian oil. It is of course unclear whether Russia will actually implement such […]
Saskatchewan Mulls Nuclear Energy Generation
Even though Saskatchewan is one of the largest producers of uranium in the world, the province does not have facilities to generate nuclear energy. But, it appears that is about to change. Premier Scott Moe announced on Friday that Saskatchewan is devising ways of how to reduce greenhouse gas emissions from electricity generation, and one […]
Adobe: “Results Were Actually Better Than Feared By Investors”
On March 22nd, Adobe Inc (NASDAQ: ADBE) reported its fiscal first quarter 2022 results. The company announced record first quarter revenues of $4.26 billion, up from $3.42 billion last year during the same period. Of that $4.26 billion, $3.96 billion came from subscriptions, while $145 million and $159 million came from product and other services […]