Filo Mining Hits 9.11% Copper Over 11.1 Metres Before Hole Terminated
Filo Mining (TSX: FIL) continues to see strong results from its drill program at the flagship Filo del Sol copper-gold-silver project found in Chile and Argentina. The firm last night released details on a single drill hole, while providing an update on the overall drill program. The latest drill hole to be reported by the […]
Galaxy Digital Reports Quarter To Date Losses Of $300 Million
Despite reporting its first quarter results just days ago, the current rout in the crypto markets has led Galaxy Digital (TSX: GLXY) to release an update this morning. Specifically, the update pertains to its current capital and liquidity position. Data provided this morning is said to be a “preliminary quarter-to-date company update,” which follows the […]
Aurora Cannabis Posts Billion Dollar Loss In Q3, To Close Edmonton Facility
Aurora Cannabis (TSX: ACB) reported another quarter to remember last night as it continues to slash its operations in an attempt to reach profitability. At the same time, the company saw its revenue decline roughly 17% on a sequential basis as it continues to lose market share. Revenue for the fiscal third quarter came in […]
Galaxy Digital Sees BMO Slash Price Target From $35 To $24
Galaxy Digital (TSX: GLXY) reported its first quarter financial results on Monday. The company said it reported a total income of $543.56 million, which included $11.87 million in advisory and management fees, up from $1.9 million a year ago. While the company reported $354.98 million in net realized gains on its digital asset portfolio, this […]
Canoo Reports Another High Cash-Burn Quarter; Adds “Going Concern” Language to SEC Filings
Generally speaking, the current skeptical stock market environment is not the most propitious backdrop for a start-up electric vehicle manufacturer. After the close on May 10, Canoo Inc. (NASDAQ: GOEV) reported another quarter (1Q 2022) of sizable losses and giant cash burn. In addition, the company for the first time included the dreaded “going concern” language — “There is […]
Ascend Wellness Declares US$85.1 Million In Revenue, US$27.8 Million Net Loss
Ascend Wellness Holdings, Inc. (CSE: AAWH.U) reported on Wednesday its financial and operational results for Q1 2022, which highlighted revenue of US$85.1 million. This is an increase from Q1 2021’s US$66.1 million in revenue. The year-on-year increase is said to have been driven by new retail stores and higher wholesale volumes sold. But on a […]
New York-Based Bank Hanover Bancorp Prices US$26.8 Million IPO
New-York headquartered bank conglomerate Hanover Bancorp, Inc. (Nasdaq: HNVR) began trading on the Nasdaq Global Select Market on Wednesday. The firm’s initial public offering is looking to raise US$26.8 million. The offering consists of 1.275 million common shares selling at US$21.00 per share. Net proceeds are expected to come in at US$24.0 million. Stephens Inc. […]
Rivian Reports 1Q 2022 Results; Maintains 2022 Production Guidance and Cash Flow Loss Forecast
After the market close on May 11, Rivian Automotive, Inc. (NASDAQ: RIVN) reported 1Q 2022 earnings, which, as expected, included a modest amount of vehicle production and an enormous degree of cash burn — $1.45 billion of combined negative operating cash flow and capital expenditures. The biggest positives in Rivian’s release were re-affirmations that it will produce […]
Terra Blockchain Temporarily Halted Amid Implosion of LUNA, Terra
Evidently, not all crypto is as decentralized as claimed. It was announced this morning that following total carnage within the LUNA token, which fell as low as $0.00349 earlier today, the associated stablecoin known as Terra has been halted for trading. The blockchain itself has reportedly been halted by Terraform Labs, the issuer behind both […]
BMO Drops Kinross Gold’s Price Target On Messy Q1 Results
On Monday Kinross Gold (TSX: K) reported its first quarter financial results. The company saw its revenues come in flat on a year-over-year basis at $768 million, with the company excluding its Russian assets from the year over year comparison due to the previously announced sale. While the company saw its cost of sales grow […]