The brokerage firm cited weak average selling prices for NAND and DRAMThe shares of Micron Technology, Inc. (NASDAQ:MU) are down 4.6% at $34.35, after Morgan Stanley cut its full-year earnings estimate for the chipmaker, citing weak NAND and DRAM prices. Analyst Joseph Moore now sees Micron reporting current-quarter earnings of $1.52 per share, and a 2019 profit of $6.83 per share -- the second lo...Read More
MBOT shed 88.8% in 2018The shares of Microbot Medical Inc (NASDAQ:MBOT) are up a whopping 70% in electronic trading this morning, after the medical device maker was granted a patent for its ViRob technology platform by the European Patent Office. The company also reported upbeat study results from its self-cleaning shunt designed for traumatic brain injury. MBOT is set to open as the top stock o...Read More
Citigroup stock is set to fall after earningsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as Wall Street prepares for fourth-quarter earnings season. Banking name Citigroup (C) kicked things off bearishly this morning, reporting a surprise drop in quarterly revenue, setting the stage ahead of earnings reports from fellow big banks throughout the week. Weak...Read More
Get the details on this cannabis company before it catches Wall Street's attention!The rapidly growing cannabis space has provided some of the most exciting investmentopportunities, and investors are trying to get their hands on the next explosive stock, and one company has been catching the eye of investors... to the tune of $4 billion!A report from the cannabis industry research firm BDS Analyti...Read More
Russia's Alrosa (MCX:ALRS), the world's top diamond producer by output, is returning to Zimbabwe after almost two years, as the company continues to expand in Eurasia.The miner will develop exploration and extraction operations in the country as long as it counts with support of the government, it said on the eve of talks in Moscow between Zimbabwe's President and Vladimir Putin.Alrosa opened an...Read More
Many new shorts are now in a losing position, which might generate covering"If you're a long-term investor, and have stayed pat, you're hoping that this is 1987, 1990, 2011, or 2016, when the decline to the 160-week moving average was the end of 'it.'"-- Monday Morning Outlook, December 24, 2018"[T]he early 2018 lows around SPX 2,580 that, when breached in December, saw the proverbial bottom fall...Read More
The uranium market has significantly struggled since the Fukushima accident in 2011, which caused the nuclear power industry to retrench.Uranium was trading at US$70 per pound before Fukushima and has traded precipitously down since then, hitting US$19.60 at one point in 2017. At those levels, some analysts estimate 95 per cent of uranium mines are underwater cost-wise.Fortunately, thanks to a cou...Read More
The first competitive bid sale of large and premium-quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.According to a press release issued by Australia's Lucapa Diamond (ASX:LOM), owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing polic...Read More
The first competitive bid sale of large and premium-quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.According to a press release issued by Australia's Lucapa Diamond (ASX:LOM), owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing polic...Read More
In an interview with the Sunday Mail, the Chief Executive Officer of state-owned Zimbabwe Consolidated Diamond Company, Moris Mpofu, revealed that the company plans to invest $32 million in exploration projects this year.Such projects involve reopening mines in Chiadzwa, home to the Marange diamond fields, and other parts of the country, as well as launching new operations in the Save River floor...Read More
In an interview with the Sunday Mail, the Chief Executive Officer of state-owned Zimbabwe Consolidated Diamond Company, Moris Mpofu, revealed that the company plans to invest $32 million in exploration projects this year.Such projects involve reopening mines in Chiadzwa, home to the Marange diamond fields, and other parts of the country, as well as launching new operations in the Save River floor...Read More
After clearing various regulation hurdles, Agrium and the Potash Corporation of Saskatchewan merged together at the start of 2018 to become the world's largest fertilizer company, Nutrien. At the time Nutrien had made various promises and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect.Now a year later, Nutrien has begun to settle into its new role in...Read More
After clearing various regulation hurdles, Agrium and the Potash Corporation of Saskatchewan merged together at the start of 2018 to become the world's largest fertilizer company, Nutrien. At the time Nutrien had made various promises and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect.Now a year later, Nutrien has begun to settle into its new role in...Read More
Canada's Lundin Gold (TSX:LUG) said Monday it has begun underground development at its flagship Fruta del Norte gold project in Ecuador, on track to kick off production later this year.A total of 4.5 km of underground mine construction has already been achieved, the miner said, while overall engineering is 85% complete and overall project growth has reached a 45% of progress.Lundin Gold said it...Read More
Canada's Lundin Gold (TSX:LUG) said Monday it has begun underground development at its flagship Fruta del Norte gold project in Ecuador, on track to kick off production later this year.A total of 4.5 km of underground mine construction has already been achieved, the miner said, while overall engineering is 85% complete and overall project growth has reached a 45% of progress.Lundin Gold said it...Read More
US gold giant Newmont Mining (NYSE:NEM) took a page out of Barrick's book by announcing that is buying Canada's Goldcorp (TSX:G) (NYSE:GG) in a $10 billion-deal that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The combined company, which will be called Newmont Goldcorp, will mine in the Americas, Australia and Ghana, producing between 6 a...Read More
US gold giant Newmont Mining (NYSE:NEM) took a page out of Barrick's book by announcing that is buying Canada's Goldcorp (TSX:G) (NYSE:GG) in a $10 billion-deal that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The combined company, which will be called Newmont Goldcorp, will mine in the Americas, Australia and Ghana, producing between 6 a...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index continued its early-2019 surge and added 37.43 points to reach 1089.07 for a 3.6% gain. The Index outperformed the SPDR S&P 500 ETF (SPY) which climbed 2.6%. In all, the INK CIN is now up an impressive 10% from its December lows.MACD edged higher...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to provide an update on the Company's advancement with developing a 5G dedicated "in-vehicle" smartphone for commercial fleets and vehicles.The Company's intention for this device is tocompliment the 4G/LTE UV350, allowing for a strong variety of cutting-edgeproduct offerings. The 5G devi...Read More
Tanzanian government has fined the miner 300 million Tanzanian shillings ($129,143) over allegations of breaching environmental regulationsRead full newsRead More