Cameco Sees Canaccord Cut Price Target To $43
Cameco (TSX: CCO) last week reported its first-quarter financial results, where it showcased strong year-over-year increases. The company said its revenue grew 37% year over year to $398 million, while its gross profits came in at $50 million, compared to ($40) million last year. This led the company to report positive net earnings of $40 […]
Biotech Firm PepGen Prices US$108 Million IPO
Biopharmaceutical company PepGen, Inc. (Nasdaq: PEPG) began trading on the Nasdaq Global Select Market on Friday. The firm’s initial public offering is looking to raise US$108.0 million and is expected to close on May 10, 2022. The offering consists of 9.0 million common shares selling at US$12.00 per share. BofA Securities, SVB Securities, and Stifel […]
Nickel 28 Sees Ramu Mine Improve Production In Q1 Versus Fourth Quarter
The latest operational update for the Ramu Nickel-Cobalt mine was released this morning by Nickel 28 Capital Corp (TSXV: NKL). Found in Papau New Guinea, the company currently owns an 8.56% stake in the Ramu Mine, and it represents one of its largest assets. The first quarter of 2022 saw the mine produce a total […]
Rogers Communications Intends To Oppose Commissioner of Competition’s Objection To Merger With Shaw
Rogers Communications (TSX: RCI.B) announced on Saturday that it was notified of the Commissioner of Competition’s intention to oppose the proposed merger with Shaw Communications Inc. The $26-billion pending transaction, originally slated to close by first half of 2022, is now being extended until July 31, 2022. The agency has notified the firms its intent to […]
SNC-Lavalin Looks To Settle Jacques-Cartier Bridge Bribery Case At $29.6 Million
Close to two decades since the events transpired, SNC-Lavalin Group Inc. (TSX: SNC) announced on Friday that it has reached a remediation agreement to settle the bribery charges related to the Jacques-Cartier Bridge refurbishment project. Under the agreement, the engineering firm can be looking at paying $29.6 million over three years to settle the case. […]
Bombardier To Implement 25 To 1 Share Consolidation
It appears that Bombardier Corp (TSX: BBD.B) is headed for a share consolidation. The company late on Friday announced that its board of directors has approved a consolidation of both its Class A as well as its Class B shares. The share consolidation will see shareholders receive one post consolidation share for every 25 pre […]
The Astronomical Outlook For Twitter According To Elon Musk: 500% Revenue Increase, Ad Revenue Cuts, Secret Project X
Tesla CEO Elon Musk bared his growth plans for Twitter (NYSE: TWTR) he plans to execute once the proposed acquisition pushes through. The pitch is toplined by a projected US$26.4 billion in revenue by 2028, five times more than its 2021 revenue of US$5 billion, according to an article by The New York Times. Revenue […]
Rivian Falls Over 18% In Pre-Market Trading Following IPO Share Unlock
Rivian Automotive (NASDAQ: RIVN) is currently in freefall mode in premarket trading. The tumble follows reports that major investors, including Ford Motor Co (NYSE: F), are looking to exit portions of their stake following a hold period expiring. Rivian is currently down a whopping 18.17% to $23.56 in premarket trading, following the expiration of the […]
Gatekeeper Systems Receives Purchase Order For $5.1 Million
Gatekeeper Systems (TSXV: GSI) has received a major contract this morning. The company has obtained a purchase order from the Southeastern Pennsylvania Transit Authority, or SEPTA, a long time customer of the firms. The purchase order relates to transit bus video upgrades and mobile data collector upgrades. Pegged at US$3.95 million, or C$5.08 million, the […]
Trevali Mining Continues To Slowly Dewater Perkoa Mine Following Flood
The process of dewatering the Perkoa Mine in Burkina Faso by Trevali Mining (TSX: TV) following a flood that occurred nearly a month ago on April 16 appears to be moving at a slower than desired pace. That pace however appears to be simply due to the massive amount of water contained within the mine. […]