Canaccord Drops Antibe’s Price Target To $0.70 Following Asset Sale
Antibe Therapeutics Inc. (TSX: ATE) recently reported their full-year 2022 results, wherein the company reported it ended the year with $55 million in cash and equivalents, which provides the company with “over 2 years of runway.” The company reported a net loss of $25.1 million, or an earnings per share of ($0.50) for the year. […]
Why Is Silver Trading Below $18? – The Daily Dive
Joining SmallCapSteve today is Jeffrey Christian, Managing Partner at CPM Group. Jeffrey sits with us to talk about silver prices, the JPMorgan spoofing scandal, his thoughts on the 9.1% CPI print, and the interest rates. Jeffrey also talks about what he thinks investors should keep a close watch on in the media. CPM Group is […]
BMO Cuts GoGold’s Price Target Due To Market Headwinds
On July 13, GoGold Resources (TSX: GGD) announced their second quarter production results. The company said it produced 213,495 silver ounces, 3,081 gold ounces, and 98 tonnes of copper for a silver equivalent production total of 509,796 ounces. Brad Langille, the company’s CEO and President, said “Parral production continues to trend higher to normal rates […]
Macklem On 100-Point Interest Rate Hike: “We Did Want To Send A Clear Message”
The full percentage hike on interest rates isn’t just a monetary policy for the Bank of Canada (BOC), it’s making a proactive statement that the fiscal body understands and knows how to get ahead of the rising inflation, according to its governor Tiff Macklem. “I do think central banks have a lot of influence over […]
New Data Shows China Is A Long Way From ‘Common Prosperity’
Hao Hong, who’s one of China’s most prominent and outspoken market strategists, recently shared data showing the sharp income disparity and an acute property bubble in the country as it promotes its “common prosperity” agenda. The data shows some stark realities for Xi Jinping’s China. Only 70 million of the 1.4 billion population earn enough […]
Asante Gold Secures $140 Million Forward Gold Purchase Agreement For Near Term Funding
Asante Gold Corp (CSE: ASE) this morning announced that it has obtained a significant source of funding through a forward gold purchase agreement. The arrangement, which comes from undisclosed institutions in Ghana, will see the company commit to a one-year loan that is to be settled in gold. The financing itself is for a total […]
Nine Mile Metals Hits 3.07% Copper Over 10.4 Metres
Nine Mile Metals (CSE: NINE) this morning released the results of another drill hole conducted at its flagship property. The property, referred to as the Nine Mile Brook VMS project, is found in New Brunswick within the Bathurst Mining Camp. The results released this morning come from hole NM220006, and marks the latest in a […]
Cresco Labs Receives Court Approval To Proceed With Columbia Care Acquisition
Cresco Labs (CSE: CL) is inching closer to finalizing its previously announced acquisition of Columbia Care (CSE: CCHW). The two firms this morning indicated it has passed another regulatory hurdle, paving the way towards the closing of the transaction. Columbia Care has now received the final order from the Supreme Court of British Columbia, enabling […]
Celsius Finally Admits Bankruptcy, Files Chapter 11
After cleaning out all its on-chain debt, Celsius Network has filed for a Chapter 11 bankruptcy and has expressed its intent to conduct a financial restructuring. “Today’s filing follows the difficult but necessary decision by Celsius last month to pause withdrawals, swaps, and transfers on its platform to stabilize its business and protect its customers,” […]
Endeavour Silver: BMO Reiterates Price Target Despite Big Production Beat
Endeavour Silver Corp. (TSX: EDR) last week reported its second-quarter production results. The company announced that it produced 1,359,207 ounces of silver and 9,289 ounces of gold, for total silver equivalent production of 2.1 million silver ounces. The company said that production continues “to outpace the 2022 production guidance of 6.7-7.6 million silver equivalent ounces” […]