Canada Nickel Hits 354 Metres Of 0.24% Nickel At Reid Property
Canada Nickel Corp (TSXV: CNC) has officially confirmed its discovery at its Reid property, which follows an announcement made in early May related to a nickel discovery at the site. The property is said to feature nickel mineralization with a larger footprint than its flagship Crawford property. The discovery was confirmed by the company this […]
The Current State Of The Global Diamond Industry
The diamond industry is quickly recovering from the Covid-19 global economic slowdown. According to a 2021-2022 diamond report by Bain & Co, it is expected to grow at a compound annual growth rate of 3%, up from USD $91.244B (from 142M carats of diamonds) in 2019 to USD $123.83B by 2030. Rough diamond sales rebounded […]
Coinbase: Binance.US Eliminates Bitcoin Trading Fees Further Pressures Business Model
Remarkably, the bad news continues unabated for Coinbase Global, Inc. (NASDAQ: COIN). Aside from unrelenting weakness in digital currencies, Coinbase must now contend with at least one rival which seems to be unconcerned with near-term economics. On June 22, the well-known and formidable cryptocurrency exchange Binance.US, announced it will offer zero-fee Bitcoin trading on its platform in […]
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 […]