Bank of Canada Set to Hike Rates Another 50 Basis Points as Inflation Runs Amok
Canada’s central bank is expected to raise interest rates once again during its upcoming policy meeting this week in response to the highest inflation in decades. After keeping borrowing costs at near-zero for the past two years in an effort to stimulate economic activity amid the Covid-19 pandemic, the Bank of Canada is now attempting […]
Lucid Group Reportedly Replaces Head Of Manufacturing
Lucid Group, Inc. (NASDAQ: LCID) has recently replaced its manufacturing chief, Peter Hochholdinger, with another executive, Nicolas Minbiole, according to Business Insider. Mr. Minbiole had been Lucid’s Vice President of Global Quality and now will head up its manufacturing operations and oversee all supplier relationships. Mr. Hochholdinger is an experienced automotive executive. He worked for 16 years at Audi […]
Where Are Investor Flows Into Equities Going Next? With John-Mark Staude
On today’s video, we welcome back John-Mark Staude, CEO of Riverside Resources (TSXV: RRI). Staude sits down with Steve on the SmallCapSteve LIVE! format to talk gold, inflation, the fed, and the topics that precious metals investors care about most. The discussion then moves to Riverside Resources, where the company has made a business model […]
CloudMD’s “Strategic Plan” Starts With $41.4 Million In Revenue, $5.6 Million Net Loss For Q1 2022
In the wake of the consecutive resignations of its CEO and CFO, CloudMD Software & Services Inc. (TSXV: DOC) maintains it has a steady roadmap to generating synergies, profitable execution, and continued growth. This is apparently evidenced by a “strong performance” in Q1 2022, highlighting a quarterly revenue of $41.4 million, up from both Q4 […]
Rogers Communications Agrees To Put Shaw Merger On Hold In Lieu Of Commissioner of Competition Injunction
The controversial merger between Rogers Communications (TSX: RCI.B) and Shaw Communications Inc. has seemingly found a workaround regarding the interim injunction filed by the Commissioner of Competition. The Canadian communications firms have agreed to put the transaction on hold until the commission’s issues have been resolved. The two companies agreed not to close yet the $26-billion […]
Khiron Life Sciences Looks To Acquire PharmaDrug’s German Subsidiary For $2.0 Million
Khiron Life Sciences Corp. (TSXV: KHRN) announced today the plan to acquire Pharmadrug GmbH, a German cannabis subsidiary of PharmaDrug Inc. (CSE: PHRX). The total consideration for the transaction is estimated at $2.0 million. “This acquisition will provide us with a European manufacturing and distribution centre for cannabinoid-based medicines with EU-GMP certification,” said Khiron Europe […]
NG Energy Begins Drilling First Well At Sinu-9
NG Energy International (TSXV: GASX) has finally begun the process of developing its flagship asset, the SINU-9 cell block in Colombia. The firm this morning indicated that drilling has commenced on the property. The drill has begun turning on the Magico-1 well, which was spud as of this morning. The well is expected to be […]
Tenet Fintech Cuts Revenue Guidance 39%, EBITDA Guidance 92% For 2022
Tenet Fintech Group (CSE: PKK) last night released its first quarter 2022 financial results. While the company managed to post modest revenue growth on a sequential basis, the big story from the results is that the company cut its guidance for 2022 rather significantly. Revenues for the first quarter came in at $34.7 million, a […]
Voltage Metals Plans For 2,000 Metre Drill Program At Wheeler Property
Voltage Metals (CSE: VOLT) is currently in the process of receiving approvals for a summer drill program at its Wheeler property, which is located in Newfoundland. The proposed program follows surveys conducted last year. The proposed drill program is to consist of an initial 2,000 metres of drilling in aggregate, which is to be focused […]
Yamana Gold To Be Acquired By Gold Fields For US$6.7 Billion
Consolidation is beginning to get underway within the gold space amongst producers. This morning it was revealed that Gold Fields (NYSE: GFI) would be acquiring that of Yamana Gold (TSX: YRI). The transaction will see the creation of a top four global gold producer, which will be headquartered in Johannesburg, South Africa. On a combined […]