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 Canadian main stock index closed positively on the last trading day prior to the long weekend, despite facing losses in heavyweight sectors. Initially beginning lower, the TSX saw gains from financial, telecom, and healthcare indices which led to a late rally pushing markets higher. In economic news, Statistics Canada reported a 0.5% increase in the country’s GDP in Q2, following a 0.4% rise in Q1. U.S. markets closed higher as traders closely monitored inflation data important to the Federal Reserve, with hopes for a rate cut in the upcoming month. The Canadian dollar traded at 74.19 cents U.S. compared…
The chairman of Lifeist Wellness recently communicated with shareholders regarding the decision to divest from CannMart Inc. through a sale to Simply Solventless Concentrates Ltd. This move was attributed to the financial challenges posed by the regulatory environment for Canadian public cannabis companies, making it difficult for companies in this sector to achieve profitability. For more information on this development, please refer to the official announcement. Weekly updates in the cannabis industry include PharmaDrug’s Sairiyo Therapuetics strategic plans, Avicanna’s U.S. patent and trademark approval, and Canopy Growth’s launch of Wana Brands marketplace. Additionally, the top-performing cannabis stocks from August 23…
Enbridge (TSX:ENB) has shown a prolonged period of underperformance relative to the TSX Composite Index, lagging behind by approximately 22% over a five-year period. Despite offering a relatively high dividend yield, the stock still trails the index, even when factoring in dividends. However, in the past year, Enbridge has demonstrated a significant improvement in performance, with a 21% increase over the trailing 12-month period, outperforming the TSX index during the same timeframe. This rally can be attributed to a strong second-quarter earnings release, which revealed an 8.7% increase in revenue after a period of revenue decline in 2023. One positive…
On August 31, 2024, Bell Copper Corporation announced the temporary suspension of diamond drilling operations on hole BS-4 at its Big Sandy porphyry copper project in northwestern Arizona. The Company plans to resume drilling once additional funding is secured. Bell Copper is actively seeking strategic investments from major copper producers to finance further drilling activities. The drilling on hole BS-4 reached a maximum depth of 1372 meters but did not fully penetrate post-mineral gravels due to setbacks with stuck drill tooling. Although no bedrock has been encountered yet, promising mineralized gravel clasts containing chalcocite, native copper, and native silver have…
Vancouver, BC, August 23, 2024 – Mineral Hill Industries Ltd. (“MHI” or “Company”), a publicly listed company on the TSX Venture Exchange, Deutsche Boerse, and OTC Market, is pleased to announce the following corporate updates following its recent Board of Directors meeting on August 20, 2024. Mr. Dieter Peter has resigned from his position as Chief Executive Officer and President of the Company due to his retirement. Mr. Reno Calabrigo has been nominated to succeed him in these roles and has accepted the positions following a vote. Additionally, Mr. Eric Peter-Kaiser has resigned as a Director and Member of the…
August 30, 2024 5:30 PM EDT | Source: Radio Fuels Energy Corp. Vancouver, British Columbia–(Newsfile Corp. – August 30, 2024) – Radio Fuels Energy Corp.(CSE: CAKE) (the “Company” or “Radio Fuels”) is pleased to announce the successful closure of its non-brokered private placement (the “Private Placement”). The Company issued 11,538,462 common shares at a price of $0.13 per share, resulting in proceeds of $1,500,000. No finder’s fees were applicable to the Private Placement, and the Company intends to utilize the proceeds as working capital. All shares issued are subject to a statutory hold period expiring on December 31, 2024.The…
Calgary, Alberta–(Newsfile Corp. – August 30, 2024) – Gear Energy Ltd. (“Gear” or the “Company”), a publicly traded energy company, has announced that it will be paying its September 2024 monthly dividend of $0.005 per common share on September 27, 2024. This dividend will be provided to shareholders who are recorded as such on September 13, 2024. The Company confirms that this dividend is classified as an “eligible dividend” for Canadian income tax purposes. For more information, interested parties may reach out to Kevin Johnson, President & CEO at 403-538-8463, or David Hwang, Vice President Finance.
On August 30, 2024, a public company listed on the Canadian Securities Exchange (CSE) under the trading symbol “PWR” and on the US OTC Market under the symbol “CPIVF”, Captiva Verde Wellness Corp., announced that it has entered into a share repurchase agreement with its wholly-owned subsidiary, 1435300 B.C. Ltd., Ronnie Strasser, and certain shareholders of the company. This agreement involves transferring the company’s interest in Sonny Sports Holdco to Strasser and the Purchasing Shareholders in exchange for the cancellation of a specified number of common shares and warrants. According to Jeff Ciachurski, CEO of Captiva Verde Wellness Corp., this…
Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) has announced the initiation of the first phase of drilling at its Silver Kings Project in Ontario, Canada. The company plans to conduct drilling totaling 10,000 meters in multiple phases to test for high-grade silver-cobalt mineralization at depth in the historic Cobalt Ontario silver mining camp. A diamond drill is now on site to commence the drilling program, which will include testing at the new Frontier NW target, the Campbell-Crawford target, and the Airgiod target. David Lewis, Vice President Exploration at Kuya Silver, expressed excitement about the drilling program, stating, “It’s…
In the most recent update on the business aspects of the sports market, there have been notable developments involving different companies. Toyota and Netflix have been participating in the organization of the 2024 Paralympic Games. Additionally, the NFL has seen new private equity investments, along with the Kelce brothers securing a $100 million deal with Amazon’s Wondery for their podcast “New Heights.” Travis Kelce has also made headlines by purchasing an ownership stake in a racehorse named Swift Delivery, a gesture possibly inspired by his girlfriend Taylor Swift. On the professional women’s soccer front, The Vancouver Rise FC recently revealed…