Cineplex: Canaccord Lifts Price Target To $18 On Improving Outlook
On May 13, Cineplex Inc. (TSX: CGX) reported its first quarter financial results. The company announced revenues of $228.7 million, up 452% from its 2021 pandemic results. The company saw its net loss get cut in half year over year, going from $89.7 million in 2021 to $42.2 million in 2022. Additionally, the company reported […]
Justin Trudeau to Ban Huawei from Canada’s 5G Networks
The Liberal government is expected to ban all Huawei devises from Canada’s 5G networks, in the latest move to align with America’s soured relations with the communist country. According to Bloomberg, which cited a government official familiar with the matter, Prime Minister Justin Trudeau is expected to deliver an announcement later today regarding a ban […]
NG Energy Closes Prospectus Offering For Proceeds Of $17.0 Million
NG Energy (TSXV: GASX) today announced the closing of its previously announced prospectus offering of convertible debentures. The financing saw the firm add more than $17.0 million to company coffers. Under the terms of the financing, which was lead by Canaccord Genuity and Beacon Securities, the firm sold debenture units at a price of $1,000 […]
Fundamentals Are Unchanged For Gold – The Daily Dive
Today on The Daily Dive we see the return of Rahul Paul, President and CEO of Radisson Mining (TSXV: RDS). Rahul sits down with us this afternoon to discuss the impact prolonged lockdowns have had on mine operators and the impact on production in the space, the price action of gold, and where upside potential […]
NuRAN Wireless Issued Cease Trade Order Due To Modified Auditor Opinion
Popular small cap NuRAN Wireless (CSE: NUR) this morning saw its equity halted by the British Columbia Securities Commission under a cease trade order. The order, as per a news release issued last night by the company, relates to an audit conducted by the company. Evidently the regulator was dissatisfied with the opinion provided by […]
Deere Breaks US$2-Billion Mark For Net Income In Fiscal Q2 2022
Deere & Company (NYSE: DE) reported today its fiscal Q2 2022 financial results, which saw the company post US$13.37 billion in revenue. The topline figure beats the consensus US$13.20 billion and is an increase from both Q1 2022’s US$9.57 billion and Q2 2021’s US$12.06 billion. But the highlight of the quarterly financials is the firm’s […]
Cameco Gains Majority Ownership Of Cigar Lake
Cameco (TSX: CCO) announced on Thursday the acquisition of a further 7.875% interest in the joint venture managing the Cigar Lake mine. The acquired stake was purchased from Idemitsu Canada Resources by Cameco and Orano Canada. Post-transaction, Cameco now owns 54.547% of the venture while Orano also increased its stake to 40.453%. The remaining 5% […]
PyroGenesis Fulfills 100kg Titanium Powder Order For 3D Printing
PyroGenesis Canada Inc. (TSX: PYR) announced on Thursday the receipt and completion of a recent commercial order for titanium powders. The said production batch size is around 100 kilograms. The commercial order is part of the firm’s mutually exclusive partnership agreement with metallurgical firm Aubert & Duval, which aims to supply plasma atomized titanium powder […]
Pure Gold Again Postpones Closing Of $30 Million Financing
Pure Gold Mining (TSXV: PGM) is evidently having some level of difficulty closing its previously announced $30.0 million private placement. The firm this morning had a brief update on the matter, indicating it will be extending the closing of the financing to May 25. The new date for the closing of the financing represents an […]
Sona Nanotech Walks From Rapid Saliva Test After Poor Study Results
Sona Nanotech (CSE: SONA) last night finally announced it is waving the white flag on its COVID-19 rapid saliva test. The company has terminated a licensing arrangement it had in place with Arlington Scientific following the results of two clinical studies conducted on the test. Evidently, studies and consultations with the US Food and Drug […]