Argonaut Gold Might Have A Gigantic Cash Problem Ahead, Magino’s First Gold Pour Not Yet In Sight
Argonaut Gold Inc. (TSX: AR) announced late Wednesday its operating and financial results for the second quarter ended June 30, 2022. The report highlights a topline revenue figure of US$111.4 million, a decline from US$120.2 million for the same comparable period last year. The revenue came from selling 59,241 gold equivalent ounces at an average […]
Electric Sports Boat Maker Forza X1 Prices US$15 Million IPO
Recreational boating firm Forza X1 (Nasdaq: FRZA) started trading its shares on the Nasdaq Capital Market Friday. The initial public offering is estimated to gross US$15 million. The offering consists of 3.0 million common shares selling at US$5.00 per share. The company is to trade on the Nasdaq market under the symbol “FRZA”. ThinkEquity acts […]
Anti- Religious Extremism Author Salman Rushdie Stabbed on New York Lecture Stage
Famous author Salman Rushdie, who faced numerous death threats for his liberal and anti-extremism views, was stabbed by an attacker while on stage where he was scheduled to give a lecture in western New York. According to AP News which cited several witness reports, the 75-year-old author was about to give a lecture at the […]
Trillion Energy: $7.0 Million In Free Cash Flow Per Month In The Near Term?
Joining SmallCapSteve today is Arthur Halleran, President & CEO of Trillion Energy International, Inc. (CSE: TCF). Arthur sits down with us today to talk about the exciting future of Trillion in the energy landscape, as they project free cash flow of upwards of US$7 million per month. Art walks us through his background in the […]
US Judge Rules That Trading Platform Must Address Market Manipulation Claims
Robinhood Markets (NASDAQ: HOOD) will have to address market manipulation claims related to the meme stock rally of 2021, when the retail trading platform temporarily prevented users from buying popular stocks such as GameStop and AMC Entertainment. A Miami judge on Thursday decided that a class action lawsuit filed by investors of GameStop, AMC, and […]
Rivian Reports Weak 2Q 2022 Financial Results But Reaffirms Full-Year 2022 Production Guidance
Rivian Automotive, Inc. (NASDAQ: RIVN) last night reported weak 2Q 2022 results in virtually all respects beside two — the company reaffirmed that it is on track to reach its goal of producing 25,000 vehicles for the full year 2022; and refundable reservations for its R1T pickup truck and its R1S SUV totaled about 98,000 on […]
McEwen Mining Falls 8% After Missing Estimates
McEwen Mining (TSX: MUX) reported its financial and operational performance in Q2 2022. The mining firm saw quarterly revenue of US$30.6 million, up from Q1 2022’s US$25.5 million but down from Q2 2021’s US$40.7 million and also failing to meet the consensus estimate of US$35.0 million. Gross margin, however, increased to 13.8% from last quarter’s gross […]
Karora Resources Posts $73.6 Million In Revenue For Q2 2022, Announces A$57 Million NPV In Nickel PEA For Beta Hunt Mine
Karora Resources Inc. (TSX: KRR) reported its financials for Q2 2022 on Friday. The firm posted $73.6 million in quarterly revenue, up from $65.3 million in Q1 2022 and $69.6 million in Q2 2021. As the company previously announced, the firm was able to sell 30,398 gold ounces during the quarter at US$1,860 per ounce. […]
Did Celsius’ CEO Just Cash Out CEL Tokens While The Firm Undergoes Bankruptcy Filing?
Keen eyes have noticed that the digital wallet identified with Celsius Network CEO Alex Mashinsky withdrew some CEL tokens in recent days while the company is in the middle of its bankruptcy filing process. The wallet identified as Mashinsky’s by crypto intelligence firm Nansen made multiple transactions on Saturday and Tuesday to swap 17,475 CEL […]
Glass House Reports 2% Gross Margins For Q2, To Sell Preferred’s With 20% Dividend
Glass House Brands (NEO: GLAS.A.U) last night reported its second quarter financial results. While revenues were down on a year over year basis by 12%, there was a notable 18% improvement on a sequential basis, with revenues climbing to $16.5 million for the quarter ended June 30. This 12% decline in revenue comes despite the […]