Hygrovest Ltd (ASX:HGV, OTC:MMJJF) is keeping pace in the second half of 2023 with a new investment manager and some new faces on the board.
Back in late February, the specialist investment company kicked off the search for a new investment manager as the sunset date for its investment management agreement with Parallax Ventures loomed.
Anson Resources Ltd (ASX:ASN) is set to play a crucial role in powering the electric vehicle revolution after producing its first battery-grade lithium carbonate from brines at its Paradox Lithium Project in Utah, USA.
The company produced the lithium carbonate by using the flowsheet designed by its direct lithium extraction (DLE) partner Sunresin New Materials Co. Ltd for the project’s lithium-rich brines.
Tamboran Resources Ltd (ASX:TBN, OTC:TBNRF) has signed four separate non-binding Letters of Intent (LOIs) with major Australian energy players Origin, AGL, EnergyAustralia and Shell Energy Australia.
These LOIs are for the purchase of an aggregate 510-750 TJ per day, equivalent to 185–270 PJ per annum, of gas from Tamboran’s low-reservoir CO2 Beetaloo Basin gas assets in the Northern Territory.
Former President Donald Trump has been indicted for a third time after being criminally charged Tuesday for his role in overturning the result of his 2020 election defeat to President Joe Biden.
Federal prosecutors charged Trump with four counts related to a plot to overturn the election, stating that the former president was “determined to remain in power.”
Coinbase is well-positioned to weather the storm it's facing from the Securities and Exchange Commission and offers huge upside for investors, analysts at Canaccord Genuity (TSX:CF, LSE:CF) said.
In a note to clients Monday, the firm reiterated its Outperform rating and doubled its price target to $140 from $70. Shares of Coinbase fell 4.5% Tuesday to $94.15.
Starbucks reported fiscal third-quarter earnings that surpassed Street expectations but its revenue and same-store sales disappointed.
The coffee titan posted revenue of $9.17 billion, up 12% year-over-year but short of analyst projections of $9.29 billion. Earnings were $1 per share, up 19% from 2022 and beating expectations of $0.95.
Advanced Micro Devices (AMD) shares moved higher in after-hours trading as the semiconductor manufacturer’s second quarter financial results topped expectations on the top and bottom lines.
For the quarter, the company posted revenue of $5.36 billion, down 18% from $6.55 billion in the year-ago quarter but ahead of the Wall Street estimate of $5.32 billion, per Zacks Consensus Estimate.
Uber shares tumbled Tuesday after the company posted its second-quarter results before the bell, but analysts at Oppenheimer remain bullish.
The firm reiterated its Outperform rating and $65 price target in a note to clients. Share of Uber, meanwhile, slid 5.7% Tuesday afternoon to $46.63.
UBS analysts, in a note to clients, believe Tenet Healthcare (NYSE:THC) delivered on high expectations during its second quarter of 2023, managed contract nursing and physician subsidies costs well, and is still most likely to outperform numbers in the back half of the year among core hospital peers.
They maintained their ‘Buy’ rating on the stock but boosted their 12-month target price to $104 per share from $95.
Altria Group shares are slightly lower Tuesday after the firm posted second-quarter results roughly in line with analyst expectations.
The tobacco company reported adjusted revenue of $5.44 billion, up 1% year-over-year but just short of Zacks’ consensus projection of $5.45 billion. Net income was $2.12 billion, and adjusted earnings came to $1.31 per share, up 4% from 2022 and in line with expectations.
Analysts at UBS have lowered their price target on CVS Health ahead of the pharmacy chain’s second quarter results, which will be handed down on Wednesday, August 2.
The analysts wrote in a note to clients that since CVS management’s last public commentary in May, negative peer news has emerged which has further muddied the outlook for CVS.
The Cheesecake Factory Incorporated (CAKE) could serve up a less than appetizing sales outlook for the year when the restaurant chain reports its second-quarter financial results on August 2, according to UBS analysts.
In a note to clients, the analysts pointed to potential consumer spending pressures and still elevated pricing in 2023 as being possible risks to traffic and revenue targets this year.
Rockwell Automation (NYSE:ROK) shares slipped 9% to $307.58 in late-morning trading on Tuesday after the company reported third-quarter 2023 financial results that fell short of analyst expectations and cut its sales guidance for the year on supply chain issues linked to a new US distribution center.
Rockwell said it now expects 2023 sales growth of 14% to 16%, down from its previous outlook of a 16.5% increase.
Cerro de Pasco Resources (CSE:CDPR, OTC:GPPRF) (CDPR) said it produced 12.1 million pounds of zinc, 874,000 pounds of lead, and 70,000 ounces of silver at its Santander Mine in Peru during the second quarter.
Mill recovery during the quarter was 93.64% for zinc and 68.61% for lead, the company said.
Ford Motor Company (NYSE:F) shares rose Tuesday after the company announced it had resumed assembly of its F-150 Lightning electric truck.
The automaker plans to triple its production rate at its Dearborn, Michigan facility, potentially reaching an annualized rate of 150,000 vehicles by the end of the quarter on October 31.
PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) announced that it has won a $4.13 million contract for its 4.5 MW plasma torch system with a United States aeronautics and defence client.
The company's shares rose following the announcement, up 4.1% at C$1.02 on Tuesday afternoon.
Voyageur Pharmaceuticals said it is adding experienced finance and accounting professional Kevin McBeth to its board following the retirement of board member Ron Sifton after a term of three and a half years.
Voyageur said that McBeth will join the board and will also take on the role of chair of the Audit Committee as well as be a member of the Compensation Committee.
Molson Coors Beverage Company (NYSE:TAP) shares fell after its second quarter revenue fell short of expectations, despite the Canadian-American beverage and brewing company reporting its single strongest quarter of sales since the merger of Molson and Coors in 2005.
Molson Coors shares fell 5.5% to US$65.90 late morning on Tuesday.
Meta is developing artificial intelligence (AI) chatbots with differing personalities in a move designed to improve user retention, according to reporting from the Financial Times.
Prototypes have been in development, people familiar with the matter said, and the final products are expected to be released as soon as next month.
CVS Health Corp (NYSE:CVS) announced on Tuesday that it will reduce its workforce by 5,000 positions in a cost-savings move as the drugstore chain broadens its focus to include more health-care offerings.
A spokesperson said the decision is part of an initiative to reprioritize investments around care delivery and technology and reduce expenses.
BP shares traded lower after the energy giant posted an about 70% year-over-year drop in profit for the second quarter.
For 2Q, BP’s underlying replacement cost profit was $2.59 billion, down from $8.45 billion in the year-ago quarter and $4.96 billion in the first three months of the year.
Pixar, Adobe, Apple Inc (NASDAQ:AAPL), Autodesk (NASDAQ:ADSK), and NVIDIA Corporation (NASDAQ:NVDA), along with the Joint Development Foundation (JDF), a Linux Foundation affiliate, have joined forces to create the Alliance for OpenUSD (AOUSD).
This collaborative effort aims to advance and standardise Pixar's Universal Scene Description (USD) technology, bringing together industry leaders to promote its development, evolution, and growth.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, provided an update regarding the adoption of its low-code Orchestration Platform, which streamlines delivery and implementation of the company’s proven, privacy-first biometric technologies.
The provider of AI-powered identity services said since its previous announcement in January, an additional seven institutions, including the US arm of a global institution with over 1,500 branches and assets in excess of $1.5 trillion, have begun the process of implementing the Orchestration Layer, which represents a 31% increase in its financial services customer base during the past six months.
Plurilock Security Inc. (TSX-V:PLUR) has announced a new white paper discussing generative AI safety, titled, "Establishing Guardrails for AI."
The paper includes detailed impact data and guidelines designed to help businesses and organizations find uses for generative AI tools without sacrificing cybersecurity or productivity.
Victory Battery Metals Corp (CSE:VR, OTC:VRCFF) has welcomed Rio Tinto’s signing of two option to joint venture agreements with Azimut Exploration for properties bordering Victory’s Stingray claims in the James Bay region of Quebec.
The agreements, worth up to C$115.7 million, are for Azimumt Exploration’s Kaanaayaa and Corvet lithium properties which border Victory’s Lac block and Riviere block directly to the east and south, respectively.
Vivakor Inc (NASDAQ:VIVK) has announced first-quarter 2023 revenue of $15.5 million, compared to nil for the same period last year, which the company attributed primarily to oil and natural gas liquid sales from its Silver Fuels Delhi LLC operations.
The clean energy technology firm also realized a gross profit for the quarter of $1.5 million and saw its operating loss shrink 40% year over year to $1.1 million.
Administrators of the collapsed cryptocurrency exchange FTX, which was founded by alleged fraudster Sam Bankman-Fried, have outlined a proposed repayment plan for the estimated US$8 billion at stake in the high-profile bankruptcy proceeding.
One class of creditors that is unlikely to claw back anything is the holders of FTX’s FTT token.
ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) said it has commenced pumping test activities at the test well TW-1 at its Clayton Valley lithium brine project in Nevada.
TW-1 is the only permitted deep well known to currently exist in the northern portion of Clayton Valley and it was drilled and installed by Harris-Earth Drilling to a target depth of 1,820 feet below ground surface, the company said in a statement.
Caterpillar Inc. (NYSE:CAT) has reported better-than-expected profit in the second quarter, defying concerns of a global economic slowdown.
The company's adjusted earnings of $5.55 per share exceeded analysts' estimates, driven by strong demand from the construction, mining, and energy sectors.
Merck & Co Inc (NYSE:MRK) saw strong sales during the second quarter for its cancer drug Keytruda and HPV vaccine Gardasil, leading the pharmaceutical company to raise its full-year guidance.
Keytruda's sales rose by 19% from the previous year, reaching $6.27 billion, while Gardasil saw a significant 47% increase in quarterly sales, driven by higher demand in China.
One of the UK’s leading motorway service station operators has warned it cannot get enough electricity to operate electric vehicle (EV) chargers at several of its sites.
Ken McMeikan, chief executive of Moto Hospitality, told the BBC that four of its stations had chargers sitting idle because there isn’t enough power to run them.
Pfizer Inc (NYSE:PFE) reduced its full-year sales forecast by $1 billion following a decline in sales for Covid-related products.
The pharmaceutical firm faced challenges in the second quarter as sales of its Covid pill and other key products underperformed, raising concerns about the company's ability to achieve its full-year sales guidance of $21.5 billion.
Platinex Inc. (CSE:PTX) said it has finalized plans for an inaugural exploration program at the South Timmins Mining Joint Venture properties, which include the Mallard, Shining Tree, and Heenan gold projects that lie along the Ridout-Tyrrell Deformation Zone in the Abitibi Subprovince.
The company holds a 75% interest in the joint venture with Fancamp, which holds a 25% interest.
Uber Technologies Inc (NYSE:UBER) recorded its first-ever operating profit after ridership increased to record levels in its second quarter.
The ride-sharing company reported better-than-expected net income in the second quarter, signaling progress on its profitability goals and moving beyond its cash-burning startup phase.
Avicanna Inc (TSX:AVCN, OTCQX:AVCNF) said it has closed its previously-announced acquisition of the Medical Cannabis by Shopper’s Business from Shoppers Drug Mart and revealed the launch of an all-new medical cannabis care platform, MyMedi.ca, nationwide across Canada.
The biopharmaceutical firm said its medical cannabis care platform has features that include a diverse medical cannabis marketplace featuring about 200 unique products supplied by a network of 35 brands from various leading Canadian licensed producers, as well as pharmacist-led fully bilingual (English and French) patient care service programs including pharmacovigilance, compassionate pricing, and insurance adjudication in compliance with standards established by private and public payers.
Majuba Hill Copper Corp (CSE:JUBA) said it has completed new geologic mapping at the Majuba Hill Porphyry Copper Deposit in Pershing County, Nevada.
The company said copper mineralization remains open in all directions, with recent geologic mapping to the west and southwest of Conceptual Pits 13, 42, and 56 successful in delineating these prominent northeast and northwest-trending zones.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) has announced a 155% jump in revenues to a record $1.4 million for the second quarter of 2023, and forecast a “turning point” for the company in the third quarter, with revenues expected to surge by 200% as demand for its 3D model soars.
The company, which supplies its generative AI-powered 3D model to major e-commerce retailers such as Amazon, P&G and Kohls, reported gross profit of $0.5 million for the second quarter to June 30, with a margin of 38%.
Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF) is ready to make its mark on the global stage.
The Toronto-based, Quebec-focused resource company is on a mission to revive the former Troilus gold and copper mine, a former producer that is located northeast of the prolific Val-d’Or district in the Frôtet-Evans Greenstone Belt.
MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC) said it is looking to raise up to A$2.7 million (£1.39 million) via a share purchase plan for its Australian shareholders.
The new cash will be used for production, raw material and laboratory costs associated with producing its cannabinoid medicines CannEpil and CogniCann, as well as to service existing debt, corporate and audit costs and ongoing working capital, the company said.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) said it has raised £2.3 million (US$3 million) from an open offer on top of the £11.7 million raised from a placing last month.
In its second announcement of the day, after confirming the addition of a new onshore licence in Morocco, the company said it has received a take-up of over 199% of its open offer, with more than 33 million valid acceptances from qualifying shareholders.
Benchmark cryptocurrency bitcoin (BTC) has had an underwhelming start to the day, with the BTC/USDT pair slipping below US$29,000 after losing around one percent in the Asia trading window.
At the time of writing, the pair was swapping near to US$28,900, a low last seen more than five weeks ago.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) reported the signing of a petroleum agreement for a new exploration licence onshore Morocco, which it said was a "natural fit" with its existing acreage in the country and has the potential to deliver early gas sales.
The company will have a 75% interest in the 1,371 sq km Loukos Onshore licence, where it will be the operator, under a partnership agreed with Morocco's Office National des Hydrocarbures et des Mines (ONHYM), which will hold the remaining 25%.
Keywords Studios PLC (AIM:KWS, OTC:KYYWF) said sales rose 19% in the first half of 2023 with underlying growth of 10% in spite of a negative impact from currency translation.
During the period the video games ancillary specialist acquired four companies for a total cost of €130mln, which boosted the total, it said.
Tamboran Resources Ltd has taken another step toward its goal of delivering much-needed gas to the Northern Territory (NT) and East Coast markets of Australia with drilling underway at the Shenandoah South 1H (SS1H) well in the NT’s Beetaloo Basin.
This well is being drilled with the Helmerich & Payne, Inc. (H&P), super-spec FlexRig® Flex 3 Rig and is targeting the deeper Mid-Velkerri 'B Shale' in EP 117.
Venture Minerals Limited (ASX:VMS, OTC:VTMLF) is trading higher after intersecting high-grade clay-hosted rare earth element (REE) mineralisation in its maiden drill program at the Greater Brothers Project in Western Australia
Results reveal several intersections of up to 15 metres at more than 2,000 ppm total rare earth oxides (TREO) within broader zones spanning up to 45 metres at approximately 1,500 ppm TREO throughout an extensive area.
Circular economy-focused critical minerals company Ionic Rare Earths Ltd (ASX:IXR, OTC:IXRRF) has become the cornerstone investor in a capital raise intended to fund a potentially tier-one iconic clay rare earth project – the Colossus Rare Earths Project in the Poços De Caldas Alkaline Complex of Minas Gerais, Brazil.
IXR has invested A$600,000 in Viridis Mining and Minerals Ltd, the company acquiring the project, to fund exploration and the initial upfront payment for the acquisition itself.
Xeris Biopharma Holdings Inc, a biopharmaceutical company focused on developing and commercializing innovative medical products, will announce its second quarter 2023 financial results before the opening of the U.S. financial markets on August 8, 2023. A conference call and webcast will be held at 8:30 a.m. Eastern Time on the same day to discuss the Company's financial and operational performance.
Sonoro Gold Corp has successfully closed the second tranche of its non-brokered private placement, raising C$300,792 by issuing 3,007,920 units at C$0.10 per unit. The company has raised a total of C$2,000,792 in two tranches, subject to TSX Venture Exchange approval. The funds will be used to support the development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico. The securities issued have a hold period until December 2, 2023, and directors and officers of the company participated in the offering, constituting a related party transaction under applicable regulations.
Context Therapeutics Inc, a biopharmaceutical company focused on cancer treatments, will be represented by CEO Martin Lehr in two virtual investor conferences in August 2023. The first conference, BTIG Virtual Biotechnology Conference, includes a fireside chat on August 7 at 10:30 a.m. ET (register here: https://www.meetmax.com/sched/event_97859/investor_reg_new.html?attendee_role_id=INVESTOR), and the second conference, H.C. Wainwright Immune Cell Engager Virtual Conference, includes a fireside chat on August 17 at 11:30 a.m. ET (register here: https://hcwevents.com/immune-cell-engager/#toggle-id-1-closed). Context will also participate in one-on-one meetings during both events.
HealthLynked Corp has appointed Mike Paisan as Director of Investor Relations and Strategic Partnerships. The global healthcare network aims to enhance healthcare services worldwide through innovative technologies that connect patients, doctors, and medical data. In his new role, Paisan will serve as a liaison between the company and investors, providing updates on the company's progress and transformative work in the healthcare sector. With 20 years of experience in Wall Street as a Sell-Side Equity Research Analyst, HealthLynked said Paisan's expertise will contribute to improving investor relations and implementing enhancements on the investor website for better accessibility and user experience.
OTC Markets Group said that Oconee Federal Financial Corp, the holding company for Oconee Federal Savings and Loan, has qualified to trade on the OTCQX Best Market, transitioning from its previous trading on NASDAQ. The OTCQX Market offers a cost-effective method for investors to trade OFED stock and provides transparent trading, visibility, and easy access to company information. Oconee Federal Savings and Loan Association, a community-oriented financial institution, operates eight full-service branch locations across South Carolina and Georgia.
Mason Graphite chairman Fahad Al-Tamimi has acquired 6,399,500 common shares, representing approximately 4.53% of the company's issued and outstanding shares, the resource company announced. Following the transaction, Al-Tamimi now owns 19,916,837 shares, equivalent to approximately 14.1% of the company's issued and outstanding shares. Al-Tamimi expressed his continued support for the company and its graphite project, highlighting its significance in the context of the global electrification revolution and the need for anode material sources beyond China. Additionally, Mason Graphite announced the appointment of Deena Siblock as the new Corporate Secretary and granted 6,780,000 stock options to directors, management, consultants, and employees of the company.
TRU Precious Metals Corp announced the results of its Annual and Special meeting of shareholders, with all director nominees being elected to serve until the next meeting. Shareholders also approved various resolutions, including the reappointment of auditors, an amended stock option plan, potential corporate name change, voluntary delisting of common shares from the TSX Venture Exchange, potential share consolidation, and the creation of a new "Control Person" for a proposed C$3 million strategic investment from Ormonde Mining . The company expects the investment to be completed by September 5, 2023. Additionally, TRU entered into a Geological Services Agreement with Lynx Resources Corp, where TRU will provide exploration and geological services for Lynx's Turner's Ridge Property in Newfoundland, Canada, generating revenues and cash flow for TRU.