Voyager Digital To Raise US$60 Million At Large Discount To Market
Voyager Digital (TSX: VOYG) is evidently looking for funding. The company this morning indicated that it will be conducting a private placement to raise gross proceeds of US$60.0 million, with the offering to be lead by major investor Alameda Research. The financing will see the company sell shares at a price of C$3.00 per share, […]
Auxly Cannabis Sees Revenues Decline From Fourth Quarter To $22.6 Million
Growth appears to be starting to slow for Auxly Cannabis (TSX: XLY). The firm this morning reported its first quarter 2022 financial results, posting declines in revenue on a quarter over quarter basis. Revenue for the first quarter amounted to $22.6 million on a net basis, down 22.9% on a quarter over quarter basis from […]
Karora: Haywood Upgrades Rating, Lowers Price Target On Q1 Results
On May 12th, Karora Resources Inc. (TSX: KRR) reported its first quarter financial results. The company announced total revenues of $65.27 million, up from $59.28 million a year ago. Though the company saw an increase in its production and processing costs as inflation continues to hit all the mining companies, its costs went from $29.3 […]
United Lithium Expands Into The US, Acquiring Large Land Position In South Dakota
United Lithium Corp. (CSE:ULTH) continued to build its lithium exploration asset portfolio recently by acquiring a significant land position near Custer, South Dakota, in the west and southwest parts of the Black Hills. The company staked over 500 unpatented lode claims covering an area of more than 40 square kilometres. The new property covers public […]
BMO Reduces Endeavour Silver’s Price Target To $5.25
Endeavour Silver Corp. (TSX: EDR) reported its first quarter financial results this past week. The company reported revenues of $57.7 million this quarter, up 67% year over year. Though the company’s net earnings came in flat on a year-over-year basis as inflation has eaten into gross profits. The company saw its net income for the […]
Elon Musk Seeks New Funding to Avoid Tesla Margin Loan for Twitter Acquisition
Elon Musk is allegedly in discussions with several potential investors to finance his potential Twitter (NYSE: TWTR) acquisition (which may now be shelved) and avoid having to take out a $6.25 billion margin loan linked to his Tesla (NASDAQ: TSLA) stock. According to Bloomberg, which cited individuals familiar with the matter, the Tesla CEO’s Morgan […]
A New Risk For Coinbase Account Holders Was Disclosed In Recent Filings
As if Coinbase Global, Inc. (NASDAQ: COIN) were not feeling enough pressure from recent significant declines in cryptocurrency prices and abysmal 1Q 2022 earnings results, a disclosure in its 1Q 2022 10-Q report introduces a new, surprising risk: if Coinbase were to seek bankruptcy protection, its digital currency account holders could lose at least some of their […]
Coinbase Sees Canaccord More Than Halve Price Target To $120
On May 10th, Coinbase Global (NASDAQ: COIN) reported its first-quarter financial results, posting $1.165 billion in net revenues. This is down from the $2.5 billion it reported last quarter as crypto saw a slowdown, with the company reporting 9.2 million monthly users, down from 11.4 million. Additionally, trading volume was down from $547 billion to […]
Cineplex Rallies 9% After Posting Nearly Pre-Pandemic Financials In Q1 2022
Cineplex Inc. (TSX: CGX) reported yesterday morning its financial results for Q1 2022, which saw $228.7 million in revenue. This is a marginal drop from Q4 2021’s $300.0 million but an increase from Q1 2021’s $41.4 million, and nearly compares to pre-pandemic Q1` 2020’s $282.8 million in revenue. “With operating restrictions now completely lifted across […]
Russia Halts Electricity Exports to Finland Over Lack of Payment
Russia’s biggest electricity company is expected to halt power exports to Finland over payment problems. Rao Nordic, the Finnish-based subsidiary of Russian-owned utility company Inter Rao, announced on Friday that all electricity imports from Russia will be halted “for the time being” starting Saturday due to lack of payment. Fingrid, Finland’s electricity distribution company, assured […]