Voyager Digital Looks To Secure US$500 Million In Further Capital Amid Crypto Market Turmoil
Voyager Digital (TSX: VOYG) is seemingly concerned with its liquidity situation given the current state of the crypto markets. The firm announced late on Friday that it has sought additional liquidity in light of current market conditions. This liquidity is to come from Alameda Research via a non-binding term sheet for a revolving line of […]
Robinhood: SEC Chairman Signals Tough Restrictions To Come For Payment For Order Flow
In a speech he delivered last week, U.S. SEC Chairman Gary Gensler continued his blistering attacks on the popular online brokerage firm practice of payment for order flow (PFOF) and, most importantly, signaled that he plans to make it more difficult for firms like Robinhood Markets, Inc. (NASDAQ: HOOD) to continue to rely on the trade routing […]
BMO: Dollarama Is Resilient During Times Of High Inflation
On June 8, Dollarama Inc (TSX: DOL) reported its fiscal first-quarter financial results for 2023, for the period ended May 1, 2022. The company saw its revenues grow almost 13% to $1.073 billion, while its cost of sales grow roughly the same to $620.99 million. Though operating income grew almost 25% to $220 million. The […]
High Yield, Credit Default Swap Markets Are Confirming The Weak Trends In Global Equities Markets
To state the obvious, stock markets across the globe have struggled mightily over the first half of this year, as investors fear that the coming tightening actions by the U.S. Federal Reserve and other central banks will cause the economy to contract. As a side note, it is possible that the markets are also pricing in […]
K92 Mining: Canaccord Reiterates $12 Price Target Following Bought Deal
K92 Mining Inc. (TSX: KNT) announced a $50 million bought deal this past week, selling 5,405,000 common shares at a price of $9.25 per share. The deal has an over-allotment option for underwriters to purchase an additional 810,825 shares for an additional $7.5 million. K92 said that they intend to use the proceeds for the […]
Anatomy Of A Staking Rush – And Is Another Almost Upon Us?
Investing in mining exploration stocks can be one of the most exciting and equally nerve-wracking activities an investor can partake in. By nature, it’s a highly volatile, high-risk (and potentially) high-reward endeavor. If one is successful, it can provide incredibly high returns. Conversely, it can also lead to massive losses, and therefore is not meant for […]
Coinbase: Where’s The Upside From Here?
Coinbase Global, Inc. (NASDAQ: COIN) has perhaps the worst possible profile for a stock in this market. Not only is it a high-valuation, formerly high-flying stock, its business is dependent on the viability of (ideally appreciating) digital currencies. To state the obvious, the opposite of that condition currently prevails in the cryptocurrency world. Perhaps not surprisingly, the stock […]
Kinross: BMO Views Revised Russian Asset Sale As Positive, Despite Halving Of Sales Figure
On June 15th, Kinross Gold Corporation (TSX: K) announced that it had completed its sale of Russian assets to Highland Gold Mining group for total consideration of $340 million, which consists of $300 million in upfront cash and a $40 million deferred payment on the one year anniversary of the deal closing. This is half […]
European Natural Gas Prices Soar As Russia Curtails Deliveries
Russia’s defiant actions, together with the timing and severity of a fire at a major gas liquefaction facility in the U.S., are causing European natural gas prices to soar. Indeed, prices jumped about 20% on June 15 to around 120 euros per megawatt-hour, equivalent to nearly US$37 per thousand cubic feet (Mcf). Of course, this rise […]
Cormark: Eguana Tech Is “On The Cusp Of Realizing Its Long-Awaited Promise”
This past week Eguana Technologies (TSXV: EGT) announced that it had received its first micro inverter order from the Omega Group for almost 26,000 units. The order is said to have a combined value of just slightly over $7 million. They say that the initial bulk shipments are currently in-transit with fulfillment orders expected to […]