Author: Alexander Lee
Alexander Lee
Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.
This week has been marked by challenges in the TSX market, following a downturn after achieving new highs the previous week. The decision by the Bank of Canada to reduce its benchmark interest rate by 50 basis points to 3.75 percent has influenced the market’s performance. This rate cut, the fourth consecutive since June, is aimed at stimulating the economy amidst indications of slowing growth and easing inflation. Simultaneously, Wall Street has also experienced fluctuations, with major indices retracting from recent highs. Investors are navigating a complex landscape of mixed economic indicators and corporate earnings reports, contributing to market volatility.…
Several profitable Canadian stocks are in the energy sector, particularly in the Oil & Gas segment. Two established companies, Canadian Natural Resources and Cenovus Energy, have shown strong returns and are expected to continue performing well. Canadian Natural Resources and Cenovus Energy were ranked 19th and 23rd in the 2024 TSX30 List, which highlights the top-performing TSX stocks. According to the International Energy Agency (IEA), the global oil and gas industry is not expected to decline significantly over the next 30 years. The Canadian oil production is projected to increase from 5.6 million barrels per day in 2021 to 6.4…
Sona Nanotech, headquartered in Halifax, Nova Scotia, has developed a revolutionary cancer therapy utilizing patented nanoparticle manufacturing processes. This therapy targets late-stage melanoma tumors that are inoperable and unresponsive to traditional treatments. The therapy involves injecting gold nanorods into the tumor, which are then activated by a laser to generate heat, selectively killing cancer cells and stimulating an immune response. The company’s management team and board of directors boast extensive experience in the healthcare and biotechnology sectors. Sona has also acquired Siva Therapeutics to advance its Targeted Hyperthermia Therapy (THT), aiming to improve cancer treatment outcomes and minimize harm to…
Amgen (NASDAQ: AMGN) has released positive top-line results from the Phase 3 MINT trial, which evaluated the efficacy and safety of UPLIZNA ® (inebilizumab-cdon) for the treatment of adults with generalized myasthenia gravis (gMG), an uncommon autoimmune disorder. The trial, a randomized, double-blind, placebo-controlled study, met its primary endpoint by showing a significant change in Myasthenia Gravis Activities of Daily Living (MG-ADL) score for UPLIZNA compared to placebo. These results will be presented at the Myasthenia Gravis Foundation of America (MGFA) Scientific Session during the American Association of Neuromuscular & Electrodiagnostic Medicine (AANEM) Annual Meeting. Dr. Jay Bradner, the Executive…
On October 23, 2024, Westmount Minerals Corp. (CSE: WMC) announced a strategic shift in its operations, focusing exclusively on precious minerals assets. The company is particularly emphasizing its Douay East Gold Property located in a prolific gold-producing region in Quebec. The Douay East property is strategically positioned about 32 kilometers south of Matagami within the Casa Berardi Deformation Zone, which is known for hosting past producing gold mines and current gold exploration projects. In close proximity to advanced stage gold exploration projects like Douay Gold Project, Vezza Gold Project, and N2 Gold Project, the property has shown potential for gold…
The press release issued by Aris Mining Corporation announced the commencement of an offering of US$400 million aggregate principal amount of Senior Notes due 2029. The company intends to use the net proceeds from this offering to fund the redemption of its outstanding 6.875% Senior Notes due 2026 and for general corporate purposes. As per the terms of the indenture governing the 2026 Notes, a conditional notice of redemption will be issued by the company subject to the successful completion of the offering of the Notes. The Notes will be offered and sold in the United States to qualified institutional…
October 23, 2024 9:25 AM EDT | Source: Phenom Resources Corp. Vancouver, British Columbia–(Newsfile Corp. – October 23, 2024) – Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”) is pleased to announce the commencement of drilling at the Crescent Valley Gold Project, located 22 km (13 miles) southwest of Carlin, Nevada. This project is a promising high-grade, bonanza-vein gold prospect strategically situated within the Northern Nevada Rift, near the Carlin Gold Trend in Northern Nevada.Dave Mathewson, who serves as the Director and Geological Advisor to the Company, comments, “The Crescent Valley Project represents the…
On October 22, 2024, a press release was issued by Suncor Energy Inc. announcing the upcoming release of their financial results for the third quarter on November 12, 2024, before 5:00 PM HR (7:00 PM ET). A webcast to analyze the third-quarter results is scheduled for November 13, 2024, at 7:30 AM HR (9:30 AM ET). The webcast will feature presentations by Rich Kruger, President and CEO, and Kris Smith, CFO, followed by a question and answer session with analysts moderated by Troy Little, Senior Vice President of External Affairs. For those interested in listening to the webcast, details can…
Facility Receives GACP License, First Commercial Harvest Anticipated in 2025 October 23, 2024 8:20 AM EDT | Source: Flora Growth Corp. Fort Lauderdale, Florida–(Newsfile Corp. – October 23, 2024) – Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) (“Flora” or the “Company”) is excited to announce significant progress regarding its strategic investment in Hoshi International Inc. (“Hoshi”) in Portugal. This update showcases the continuous advancements following Hoshi securing a new financial partner in 2023, which has accelerated the progress of its operations. Hoshi’s new financial partner has undertaken the responsibility of capital expenditures and operational expenses in return for an equity…
Vancouver, British Columbia–(October 15, 2024) – Gold Digger Resources Inc. (CSE: GDIG) announced today that it has entered into an agreement with Independent Trading Group (“ITG”) to provide market-making services, pending regulatory approval. The purpose of this agreement is to enhance market liquidity and maintain a reasonable market for Gold Digger’s common shares on the Canadian Securities Exchange (CSE) and other trading venues. Under the terms of the agreement, ITG will receive a monthly compensation of CAD$7,000 in advance for their services, with the initial term set at one month and renewable for additional one-month terms unless terminated with 30…