Gratomic Intersects 11.16 Metres Of 13.13% Total Graphitic Carbon At Brazil Project
Data on the first eight holes of an ongoing drill program being conducted by Gratomic Inc (TSXV: GRAT) were released this morning. The results come from the firms Capim Grosso graphite project, which is found in Bahia, Brazil. Drilling at the property is currently being conducted under a 5,000 metre drill program. To date, 1,734 […]
Emerita Resources Requests Delay In Administrative Court Hearing For Aznalcollar
Emerita Resources (TSXV: EMO) has requested a delay in the administrative court proceedings as they relate to the awarding of the Aznalcollar project in Spain. The request was conducted on the advice of the firms Spanish legal council. While shareholders may be quick to come to conclusions on the decision, the company explains that the […]
Sandstorm Gold To Drop $1.1 Billion Acquiring Nomad Royalty, Royalty Package
Consolidation is coming to the royalty space. Sandstorm Gold (TSX: SSL) this morning announced it has entered into a series of transactions to significantly expand its size, making it one of the largest mid-tier royalty and revenue streaming firms. The company this morning has reached an agreement to acquire Nomad Royalty Company (TSX: NSR) in […]
BMO: Alphabet’s Q1 Earnings Are “Largely Fine”
On Tuesday, Alphabet (NASDAQ: GOOGL) reported its first quarter financial results. The company announced revenues of $68 billion, which was generally in line with consensus estimates, up 26% year over year. Of the segments, YouTube ad revenue went from $6 billion to $6.8 billion, while Google Cloud revenues went from $4 billion to $6.8 billion. […]
Despite Gas Delivery Suspension To Poland And Bulgaria, Gas Prices Hit Lower Highs In Europe
On April 27, Russia decided to further escalate tensions with the West by announcing its majority state-owned energy company Gazprom would stop exporting natural gas to Poland and Bulgaria because the countries refuse to pay for the gas in Russian rubles. In late March, Russia unilaterally changed the terms of its supply contracts with “unfriendly countries” […]
Meta Platforms: BMO Reiterates Market Perform Rating, Lowers Target To $222
Last week Meta Platforms (NASDAQ: FB) reported its first-quarter financial results. The company saw its revenue grow 7% year over year to $27.9 billion, slightly below the analyst consensus. The company was not able to escape inflation, as total costs and expenses grew 31% to $19.38 billion as the company grew its headcount by 28% […]
Liberal Party Proposes Granting Itself Power to Sell Assets of Sanctioned Russians
The Liberal government has tabled a new proposal that, if passed, would grant it the power not only to seize or freeze sanctioned Russian individuals’ assets, but also sell them off for proceeds, becoming the first country among its G7 peers to do so. Earlier this week, Justin Trudeau’s party made a new proposal via […]
Is Lordstown Motors About To Be Foreclosed On By Foxconn?
It appears that Hon Hai Technology Group (better known as Foxconn, the assembler of Apple’s iPhones) continues to attempt to leverage Lordstown Motors Corp.’s (NASDAQ: RIDE) weak financial position in a high-stakes poker game that will likely determine whether Lordstown can avoid filing for bankruptcy protection. On April 29, Lordstown announced that the deadline to reach a final […]
BMO Raises Microsoft Price Target To $371
Microsoft (NASDAQ: MSFT) was the first big tech company to buck the current trend with their earnings on April 26. Microsoft saw it’s total revenues grow 18% year over year to $49.36 billion. Operating income grew at the same pace, hitting $20.36 billion. While net income was $16.73 billion, up 8% and earnings per share […]
Unilever Hikes Prices Again, Forecasts Even Higher Inflation
Household product maker Unilever raised prices once again, warning that inflation is about to get a whole lot higher later this year. The maker of Hellman’s mayonnaise and Dove soap warned of further price hikes for its products, as it looks to pass higher input costs onto consumers despite already raising product prices 8% year-over-year […]