Home Sales Fall 4% As Prices Jump 6% In March, Says Real Estate Firm
Homebuyers are seemingly backing out of the market as month-on-month home sales dropped by almost 4% in March 2022, according to a real estate brokerage. Citing its own report, real estate company Redfin (NASDAQ: RDFN) said that they saw a 3.7% reduction in home sales compared to last month. One of the key reasons for this […]
WonderFi To Acquire Crypto Platform For $38.3 Million In Stock
WonderFi Technologies (NEO: WNDR) is acquiring another crypto platform. The firm this morning announced an all-stock transaction to acquire Coinberry, a crypto asset trading platform based in Canada. The platform reportedly has seen transactions to date of over $1.0 billion since being established in 2017. The firm saw revenue of $13.0 million in 2021, with […]
DiDi Global Records US$27.3 Billion In Revenue, Wider Net Loss In 2021
DiDi Global (NYSE: DIDI) released on Saturday its Q4 and 2021 financial results, highlighting US$27.28 billion in annual revenue. This is an increase from 2020’s US$22.24 billion. Breaking down the topline revenue figure, China Mobility business contributed the lion’s share of US$25.19 billion while international revenue and other initiatives added US$568 million and US$1.52 billion, […]
First Majestic Silver Sees Production Decline 16% In Q1 2022
First Majestic Silver (TSX: FM) this morning reported production results for the first quarter of 2022. The company produced a total of 2.6 million ounces of silver and 58,892 ounces of gold, equating to roughly 7.2 million silver ounce equivalents. Production declined by 16% on a quarter over quarter basis, with the company last quarter […]
QYOU Media Hits New Ratings High For Flagship TV Channel In India
Success continues to be seen by QYOU Media (TSXV: QYOU). The firm this morning revealed that it has continued to see its ratings climb within India, with the firm hitting a new high for its flagship television channel, The Q India, last week. The rating, as tracked by BARC, whom is the “Nielsen of India,” […]
Nevada King Expands Financing To $11.3 Million, Kettell To Expand Stake Significantly
Nevada King (TSXV: NKG) CEO Collin Kettell is evidently looking to reaffirm to shareholders his commitment to the company following his appointment as CEO of New Found Gold (TSXV: NFG). It was announced this morning that the company would be increasing its outstanding financing rather significantly, which is partially a result of expanded participation by […]
Maxar Tech: Canaccord Lifts Target To US$42 Following Elevated Profile Due To Conflict
On April 12th, Canaccord Genuity raised their 12-month price target on Maxar Technologies (TSX: MAXR) saying, “Competitive position strong, but 2023 still dependent on timely Legion deployment.” They raised their 12-month price target from US$32 to US$42 while reiterating their hold rating. This comes after the stock is up more than 30% year to date […]
Trevali Mining Suspends Operations At Perkoa Mine Due To Flooding
Trevali Mining Corp (TSX: TV) has halted production at its flagship Perkoa mine. The mine, located in Burkina Faso, has been subjected to flooding following heavy rains in the region. There is reportedly eight workers from the mine presently missing as of the time of announcement yesterday evening, with rescue efforts said to be ongoing. […]
DiDi Global Shareholders To Vote On Delisting From NYSE
After having one of the largest initial public offerings in the US markets in 2021, it appears DiDi Global (NYSE: DIDI) is already looking to reverse course. On Saturday the company announced it would be holding an extraordinary meeting of shareholders to vote on whether to delist from the New York Stock Exchange. The meeting […]
Sigma Lithium Sees BMO Lift Target To $25 Following Updated Feasibility Study
BMO Capital Markets this week raised their price target on Sigma Lithium Resources (TSXV: SGML). The price target lift follows the firm earlier this week filing an updated phase one feasibility study for its Grota do Cirilo Project. The updated feasibility study is said to demonstrate that the first phase of operations is “financially robust […]