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.
The Toronto Stock Exchange (TSX) experienced fluctuations at the start of the week due to strength in the financial and industrial sectors. However, market sentiment turned cautious as investors awaited U.S. inflation data, leading to a temporary decline on Tuesday. Fortunately, the market rebounded significantly on Wednesday, underscoring the ongoing volatility and prudent approach adopted by investors in the current economic environment. In a notable development this week, Air Canada, the largest airline in Canada, is potentially facing a major disruption as over 5,400 pilots are considering a strike action. Contingency plans are being finalized to suspend most operations if…
Enbridge, a prominent energy infrastructure company based in Calgary, has established itself as a Canadian Dividend Aristocrat and a reliable player in the energy sector. Despite experiencing a 10% decline in 2023, ENB stock has rebounded with a 15% increase in 2024, currently trading at $54.60 per share with a market cap of $118.5 billion, surpassing the broader market performance of the TSX Composite benchmark, which has risen by 9.9% year to date. Analyzing Enbridge’s long-term financial growth trends is crucial before considering it as a long-term investment. Over the past five years, the company has shown consistent growth in…
MDA Space (TSX:MDA) has been selected to provide antenna systems for three satellites destined for geostationary orbit. These HummingSat satellites are part of the Inmarsat-8 program, which aims to enhance safety services and facilitate advancements in emergency tracking. The contract includes the design and manufacture of high-performance L-Band navigation antennas at MDA Space’s satellite production facility located in Montreal. MDA Space is a technology provider to the global space industry and will utilize its advanced products used in various global navigation and Mobile Satellite Service missions for this project. SWISSto12, a prominent aerospace firm in Europe and a key manufacturer…
September 11, 2024 6:00 AM EDT | Source: Mundoro Capital Inc. Vancouver, British Columbia–(Newsfile Corp. – September 11, 2024) – Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) (“Mundoro” or the “Company”) is delighted to announce the findings from its operational activities during the first six months ending June 30, 2024 (“H1-2024”). Financial Highlights Healthy Financial Position: The Company retained $4,372,473 in cash and cash equivalents (“Cash Position”) as of June 30, 2024, with no long-term debt. This financial standing enables the Company to sustain its operations for the upcoming 12 months.Earnings from Fees: In H1-2024, the Company recorded…
In Sudbury, ON, on August 22, 2024, Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX: LITOF), a company deeply committed to social responsibility, commends the federal and provincial governments for the budget allocation towards the Beren’s bridge and road project. This visionary project, initiated over 30 years ago by First Nation leaders, aims to establish essential year-round road infrastructure for the communities in the Treaty #5 Ontario region. The collaboration between provincial, federal authorities, and Indigenous Peoples highlights a significant step towards reconciliation. The construction funding provided by the provincial and federal governments will facilitate the development of a two-lane,…
The exploration program at the 100% owned Golden Trust Property in central Newfoundland has been initiated by Great Atlantic Resources Corp., through its wholly owned subsidiary, Golden Promise Mines Inc. This property is situated just 1 km north of the Valentine Gold Mine owned by Calibre Mining Corp. The focus of this program is on prospecting and rock-soil geochemical sampling, targeting areas identified with gold soil anomalies from previous exploration programs conducted in 2020 and 2022. The 2024 program aims to expand prospecting and sampling activities to areas that have not been previously explored by the company. The primary objective…
September 09, 2024 5:51 PM EDT | Source: Permex Petroleum Corporation Based in Vancouver, British Columbia, Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) (“Permex” or the “Company”) is pleased to share that the common shares of the Company will resume trading on the Canadian Securities Exchange (the “Exchange”) effective September 9th, 2024. This reinstatement follows the revocation of the cease trade order (the “CTO”) initially issued by the British Columbia Securities Commission on April 16, 2024. The CTO was initiated due to the Company’s failure to submit its audited and interim financial statements, management’s discussions and analyses, and related…
On September 10, 2024, Greene Concepts Inc. (OTC Pink: INKW) announced the ongoing success and growth of its BE WATER™ brand in the expanding bottled water industry. This growth has been fueled by the presence of BE WATER™ in various retail outlets, including Walmart stores in North and South Carolina and Camping World. According to a report by Precedence Research, the global bottled water industry was valued at $318 billion in 2023 and is estimated to reach $538.58 billion by 2033, with a compound annual growth rate (CAGR) of 5.4%. Factors such as water scarcity, easy availability of bottled water…
Kingston, Ontario– (August 26, 2024) – A mineral exploration company based in Canada has successfully negotiated an agreement with the original vendors of the Horne and Laurie properties at the Delta-1 property in Thunder Bay, Ontario. As part of the new agreement, future cash payments of $350,000 and work commitments totaling $1,000,000 over the next three years have been eliminated. On May 1, 2024, the company announced an agreement with another corporation, whereby it acquired the Horne and Laurie Properties’ agreement with the original vendors of the properties. This new agreement, dated August 22, 2024, allows the company to acquire…
Amgen announced the presentation of new data on IMDELLTRA TM (tarlatamab-dlle), a first-in-class delta-like ligand 3 (DLL3)-targeting Bispecific T-cell Engager (BiTE ® ) molecule, at the 2024 World Conference on Lung Cancer (WCLC) in San Diego. IMDELLTRA will be featured in two oral presentations at the “DLL3 Targeting BiTE Therapies in SCLC” session, happening today at 2:00 p.m. PDT. New data from the global Phase 1b DeLLphi-303 study of IMDELLTRA combined with PD-L1 inhibitors in first-line maintenance extensive-stage small cell lung cancer (ES-SCLC) will be presented as a late-breaking abstract (#LBA OA10.04). Additionally, long-term results from the Phase 2 DeLLphi-301…