Liz Truss Doesn’t Outlast Lettuce, Resigns After 45 Days
After serving 45 tremulous and embarrassing days as Britain’s prime minister, Liz Truss has officially thrown in the towel. On Thursday, the embattled politician announced her resignation, after serving just six weeks in office. Albeit outlasting the recommended seven-day shelf life of a lettuce (although that may be debatable as per the Daily Star’s live […]
Trillion Energy Hits 32.0 Metres Of Potential Net Gas Pay In First Well
Trillion Energy (CSE: TCF) has completed drilling on its first well within its multi-well drill program at the SASB gas field. The completion comes right on schedule, with drilling having begun on September 19. Referred to as the South Akcakoca 2 well, the well was drilled to a total depth of 2,826 metres. In terms […]
PyroGenesis Raises $1.3 Million At $1.30 Per Unit, Surprising Shareholders
PyroGenesis Canada (TSX: PYR) has seemingly annoyed its shareholders this morning with the announcement of a private placement that has closed. The financing, referred to by the company as a “small non-brokered private placement,” was conducted at a small premium to market. The financing in total raised gross proceeds of $1.3 million, via the sale […]
QYOU Media To Entire Mobile Gaming Space Following Acquisition
QYOU Media (TSXV: QYOU) is evidently looking to move into the mobile gaming market within India. The firm this morning revealed that it has entered into a binding term sheet to take a majority stake in Maxamtech Digital Ventures. Established six years ago, Maxamtech focuses on creating games for the mobile gaming industry. It currently […]
NG Energy Hits 783 Feet Of Net Gas Pay At Brujo-1x Well
NG Energy (TSXV: GASX) is looking to have a good day on the markets after its latest drill results. The firm this morning revealed it has completed the drilling of the Brujo-1X well within its flagship Sinu-9 block in Colombia, with initial indications pointing to strong results. The well was drilled to a total depth […]
Magna International Sees BMO Sound Warning Alarms
On October 17, BMO released a note on Magna International (TSX: MG) revising their estimates due to higher input costs and the impact of rising interest rates affecting global vehicle production. As a result, they have lowered their 12-month price target to US$58 from US$63 and reiterated their market perform rating on the stock. Magna […]
Mastercard’s Crypto Trading Offering Is A Major Competitive Threat To Coinbase
Stock market rallies in the context of an overall bear market are often sharp and cause risky, heavily-shorted stocks to rise regardless of questionable or deteriorating fundamentals. The October 17 relief rally seems to fit this description, and a good example of this price action may be the shares of Coinbase Global, Inc. (NASDAQ: COIN) gaining US$5.58, or […]
BMO Cuts IAMGOLD’s Price Target On Rosebel Mine Divesture
IAMGOLD (TSX: IMG) announced yesterday that it has reached an agreement to sell its 95% interest in Rosebel Gold Mines N.V. for $360 million cash and a release of IAMGOLD’s equipment lease liabilities amounting to approximately $41 million. Management said the deal is expected to close early in the first quarter of 2023. The closing […]
Floridians Can Soon Buy Weed At Circle K Gas Stations
Green Thumb Industries Inc. (CSE: GTII), one of the largest cannabis producers in the United States, has secured a lease agreement with global convenience store chain Circle K (Alimentation Couche-Tard Inc., TSE: ATD) to sell licensed marijuana at its Florida gasoline retailers. Under the deal, Green Thumb, which owns RISE Dispensaries, will be selling cannabis […]
EU Inflation Soars to Record-High Thanks to Skyrocketing Food and Energy Costs
It appears European consumers’ wallets won’t be getting a break anytime soon. Prices across the EU soared 10.9% year-over-year last month, marking yet another record-breaking high thanks to perpetually skyrocketing food and energy costs. In August, annual inflation stood at 10.1% and a now-seemingly minuscule 3.6% in September 2021. The Eurozone, which is comprised of […]