Facedrive Reports Record Revenues In Q1, Margins Remain Negative
Facedrive Inc (TSXV: FD), whom now goes by the name STEER, this morning released its first quarter financing results. While the firm headlined that it posted “record revenues” for the period, the firms revenue was relatively flat compared to its fourth quarter results. Revenues for the quarter came in at $10.7 million, a 4.1% increase […]
Probe Metals To Raise $9.3 Million Via Quebec Institutional Funds
Probe Metals (TSXV: PRB) is the latest junior firm to hit the markets looking for cash. The company this morning indicated it is looking to conduct a non-brokered private placement, for which it has reportedly received initial commitments from certain funds within Quebec. The financing will see the company look to raise gross proceeds of […]
Magna Gold Sees Production Costs Rise In Q1
Magna Gold (TSXV: MGR) on Friday evening released its first quarter financial results. The company has seen a significant rise in the cost to produce gold, while production volumes have begun to drop rather significantly on a sequential basis. Metal revenues for the quarter were down on a sequential basis, falling from $29.1 million in […]
Bill Gates VS Elon Musk: Is The Feud Back On?
“What a d*ck move!” Tesla CEO and soon-to-be-owner-of-Twitter Elon Musk responded to a tweet featuring a Breitbart News article claiming that Microsoft co-founder and philanthropist Bill Gates “poured millions” into 11 of the 26 organizations that “signed an open letter last month urging Twitter advertisers to boycott the company if Elon Musk restores free speech […]
Haywood Lifts Filo Mining’s Price Target After Strong Assay Results
On May 23, Filo Mining (TSX: FIL) reported its assay results from holes FSDH055C and FSDH059 from its Filo del Sol Project. The company announced that hole FSDH055C returned 1,337.5 metres of 0.66% copper, 0.54 g/t gold and 31.5 g/t silver, or 1.33% copper equivalent, from 150.0 metres. This includes 536.0 metres of 1.25% copper, […]
Uranium Pricing Has Declined About 25%, Could Now Be Poised For An Upturn
Spot uranium prices have declined about 25% over the last three month to around US$48 per pound. The price of uranium mining stocks like Energy Fuels Inc. (NYSE: UUUU) and Uranium Energy Corp. (NYSE: UEC) have followed roughly similar patterns. Surprisingly, investors have treated uranium like a speculative stock instead of a commodity over this period despite what appear to […]
Seth Green’s Bored Ape NFT, Which Was Set To Star In His New Show, Gets “Kidnapped”
Actor and producer Seth Green fell victim to a phishing scam earlier this month, causing him to lose ownership of four of his NFTs. One of the NFTs was Bored Ape Yacht Club #8398, an IP that was slated to star in a series Green was developing. Green premiered the trailer of the series, which […]
Is This Your homework, Justin? Could Canada Be The Next Sri Lanka?
“Is this your budget deficit, Justin?” “Is this your debt to GDP ratio?” “We know it’s your budget, Justin. We know you think it will balance itself, we know you’re out there printing money.” “Ask him about the inflation, man.” “Dude, please.” “Is this your government’s central bank, Justin? Is this its balance sheet?” “We […]
Ayr Wellness: Cantor Halves Price Target On Weak Q1 Results
On May 26, Ayr Wellness (CSE: AYR.A) reported its first quarter financial results. The company reported flat quarter-over-quarter revenues at $111.2 million, while adjusted gross profits decreased 8.5% to $57.9 million this quarter. Adjusted EBITDA also saw a sequential decrease going from $26.1 million to $19.5 million. This brought the company’s adjusted EBITDA margin down from […]
Czech Central Bank Governor Calls for More Gold Holdings, Bigger Portfolio to Boost Bank’s Profits
The incoming governor of the Czech National Bank is calling for elevated interest rates, beefing up the bank’s stock portfolio, and increasing gold holdings, in an effort to avoid demand-side inflation all while boosting profits. According to new Czech National Bank chief Ales Michl, the central bank needs to maintain interest rates above standard levels, […]