Aurcana Silver Sees Two Largest Shareholders Exit Board Of Directors
In an obvious sign of how sourcing additional funds is going for Aurcana Silver (TSXV: AUN), the company has begun to see executives jump ship and exit the firm. The departures were included at the bottom of the firms now-routine update on the status of certain restructuring agreements. Both David Kaplan and Elliot Rothstein have […]
Ascot Resources Sees BMO Lower Target To $1.25 Following Construction Delays
On June 23rd, Ascot Resources (TSX: AOT) provided investors with a series of updates. In the first update, they talk about their advancement on a number of projects and say that construction has been “significantly advanced” for many of their projects, and have constructed the new water treatment plant clarifier foundation, the Big Missouri water […]
Lucid Group: Reported Manufacturing Halt Could Point To Another Cut In 2022 Production Forecasts
Production issues continue to dog Lucid Group, Inc. (NASDAQ: LCID), and a late May-early June production pause at the company’s Casa Grande, Arizona manufacturing plant calls into further question the number of vehicles it will be able to produce this year. Lucid demonstrating the ability to manufacture vehicles at scale on a consistent basis is now probably […]
Dollarama: Canaccord Lifts Target To $72
Dollarama Inc (TSX: DOL) recently reported its fiscal first-quarter financial results for 2023, ending May 1, 2022. The company saw its revenues grow almost 13% to $1.073 billion, while it saw its cost of sales grow roughly the same to $620.99 million. Though operating income grew almost 25% to $220 million. The company also reported […]
Coal Prices Bolstered By European Energy Crisis
So far, the year 2022 in the investment world may be best described as an extraordinarily upside-down period. To that end, coal, a heretofore long-time hated commodity, has been a top performer year to date and may continue to perform well for some time to come. Over the last few days, governments of Germany, the Netherlands and […]
Former Employees Sue Tesla For Alleged Violation Of Federal Laws During “Mass Layoffs”
According to a lawsuit filed by two former employees against Tesla (NASDAQ: TSLA), the EV-maker allegedly failed to provide 60 days of advance notice during a recent round of layoffs. This notice period is required by federal law through the Worker Adjustment and Retraining Notification Act. The lawsuit, filed by John Lynch and Daxton Hartsfield […]
JP Morgan To Slash, Reassign 1,000 Jobs From Mortgage Business Unit As Housing Market Cools Down
The latest windfall of housing market cooling off: JP Morgan Chase (NYSE: JPM) employees. The investment bank is reportedly laying off or reassigning around 1,000 positions in its mortgage unit. Around half would be redeployed to different business divisions while the rest are expected to be laid off, according to Bloomberg sources familiar with the […]
Revlon Defies Gravity Amid Filing For Chapter 11 Protection
Investors are feverishly debating whether the significant declines in the broad indices and even bigger falls in many of the market’s high fliers signal that the stock market is at or near a bottom, and whether the most speculative excesses have in turn been successfully flushed out of the markets. If a gauge of investors’ taking […]
Voyager Digital: Eight Capital Pulls Rating, Price Target After 3AC Exposure Confirmed
Voyager Digital (TSX: VOYG) provided the market with an update earlier this week, in which the first part of the news is that they received funding from Alameda for US$200 million and 15,000 BTC, which is worth roughly US$300 million, saying that the funds are intended to “be used to safeguard customer assets in light […]
Rio2 Plummets 57% Because Of Camels And Rodents
Chilean regulators are worried that Rio2 Limited’s (TSXV: RIO) Fenix Gold Project might be the straw that would break the camels’ (and rodents’) back. The country’s environmental assessor published a recommendation to eject the project over concerns for species of camels and chinchillas. The Canadian mining firm announced on Thursday that Chile’s Servicio de Evaluación […]