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 […]
Lordstown Motors Finalizes Accord with Foxconn – But Cash Sufficiency Issues Remain
On May 11, Lordstown Motors Corp. (NASDAQ: RIDE) finally reached an agreement with Hon Hai Technology Group (better known as Foxconn, the assembler of Apple’s iPhones) to develop the Endurance all-electric pickup truck that Lordstown created. Had the accord not been finalized, Lordstown likely would have been forced to seek bankruptcy protection. In response, Lordstown’s stock rallied nearly 50% […]
Cronos Group: Canaccord Lifts Rating, Price Target On Q1 Earnings Beat
On May 10, Cronos Group (TSX: CRON) reported its first quarter financial results. The company announced that its revenues doubled year over year to $25.03 million, which was helped by the company’s “Rest of World” segment growing 123% to $22.7 million. While the company’s United States revenues saw a 5% drop to $2.33 million. The […]
Amid Cracks In Q1 2022 Financials, Glass House Brands Touts Licenses & Acquisitions Instead
Glass House Brands (NEO: GLAS.A.U) reported on Thursday its Q1 2022 financials, toplined by a quarterly revenue of $14.0 million. This is a 24% decline from $18.4 million in Q4 2021 and an 8% decline from $15.2 million in Q1 2021. But Chairman and CEO Kyle Kazan wants to talk about the future instead. “We reached […]