This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange closed up 6.78 points to 770.56 Thursday.David Antony has filed a preliminary prospectus to list his first capital pool shell, Rider Investment Capital Corp.The shell plans to sell a $250,000 initial public off...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellMichael Kipp, the former chief financial officer of Toronto Stock Exchange Swisher Hygiene Inc., has asked a judge in North Carolina to put him in jail for no more than a year for his part in an accounting fraud at the company. He says that he has alr...Read More
The latest news and price moves to start the Asian day on Friday April 6. Zinc prices came under further pressure on the London Metal Exchange on Thursday April 5 while the rest of the base metals complex moved higher, with market sentiment improving due to potential talks between the United States and China around trade tensions. Read more in our live futures report. Here is how pr...Read More
Dividend investors are looking for ways to get exposure to U.S. growth through Canadian companies. This is a particularly important strategy for savers or income investors who own stocks inside their Tax-Free Savings Account (TFSA).Why?The distributions from Canadian stocks owned in a TFSA are not taxed, but any U.S.-based stock that is held in a TFSA would have its dividends subjected to a withh...Read More
Following a brief stretch where things were more than a little touch and go, markets responded strongly in the second half of Wednesday's trading and into Thursday with the S&P 500 up 3.47% since noon on Wednesday, the Dow Jones Industrial Average up 4.17%, and Canada's benchmark index, the TSX Composite Index, up 2.43% from its intraday Wednesday lows.The reversal in sentiment is certainly a...Read More
Gold prices moved down on April 5 after it appeared that trade tensions between China and the United States would subsist on comments from chief economic advisor Larry Kudlow. Both countries have made it known that they are willing to negotiate rather than resort to a full-blown trade war. Canadian and U.S. indexes finished the day in the black, but the optimism appears to have been short-lived.On...Read More
The US Nuclear Regulatory Commission (NRC) has approved the issuance of combined construction and operating licences (COLs) for the two proposed AP1000 reactors at Florida Power and Light's (FPL's) Turkey Point plant in Florida. The utility has yet to make a final decision on whether to proceed with building the units.How Turkey Point 6 and 7 could appear adjacent to the existing plant (Image: FPL...Read More
The United States has sanctioned and frozen the assets of Oleg Deripaska and UC Rusal that are subject to US jurisdiction, prompting bullish sentiment and expectations of tightness in the US aluminium market, industry participants told Metal Bulletin."All assets subject to US jurisdiction of the designated individuals and entities, and of any other entities blocked by operation of law as a result...Read More
Peninsula Energy Ltd (ASX:PEN) produced 43,638 pounds of uranium from its Wyoming-based Lance Project during the three months to March 31, 2018.This represented a quarter-on-quarter increase of 12% and was a catalyst for an increase of almost 10% in Peninsula Energy's shares to an intra-day high of 24 cents.Managing director Wayne Heili said: "The most recent quarter continues our precedent of ach...Read More
Aluminium prices on the London Metal Exchange had rallied by 2.2% at the close on Friday April 6 following the announcement that the United States has sanctioned and frozen Oleg Deripaska's assets subject to US jurisdiction,which includes Rusal.The three-month aluminium price closed at $2,042 per tonne, its highest since before the Easter break. "[Aluminium made] a late charge to $2,055 per t...Read More
The United States has sanctioned and frozen Oleg Deripaska's assets subject to US jurisdiction, the US Treasury said in a release on Friday April 6. The department designated Deripaska, who stepped down as president of both UC Rusal and EN+ in February, as a Russian oligarch. Deripaska is a non-executive director on EN+. The department said in the release he has acted or purportedly acted...Read More
Aphria Inc.'s (TSX:APH) expansion adds 200,000 sq ft of production space and triples Aphria's production capacity from 9,000 kg to 30,000 kg annuallySmallCapPower | April 6, 2018: Aphria Inc. (TSX:APH) Thursday provided an operational update on Part III expansion of its Leamington facility. The update follows Health Canada approval, which was announced on March 13, 2018. The expansion adds 200,000...Read More
View from Anomoly A – Photo courtesy Garibaldi Resources Corp.These shares, in addition to shares that were previously acquired through an Ontario numbered company in December 21, 2017 means Sprott beneficially controls 17.3 million shares of Garibaldi and 4.7 million warrants, representing 17.1% of the company on a non-diluted basis and approximately 20.8% on a partially dilute basis.That's...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Robust market growth will serve as a tailwind for The Mint Corporation (TSXV:MIT)SmallCapPower | April 6, 2018: Mint makes a Strategic Acquisition in India. On April 5, 2018, The Mint Corporation (TSXV:MIT) announced that it has obtained an option to acquire a 75% ownership interest in vPay, a mobile payment automation platform in India, through an 8% secured convertible promissory note for US$85...Read More
Location map for Callinex's Nash and Superjack projects, New Brunswick. Source: Callinex Mines Inc.Callinex Mines Inc. [CNX-TSXV, CLLXF-OTCQX: CLLXF] on Friday April 6 released the final batch of results from drilling at its 100%-owned Nash Creek Project in New Brunswick.Callinex has a portfolio of projects in the Bathurst Mining District that is led by its Nash Creek Project, which hosts a large,...Read More
Nemaska Lithium Inc. (TSX:NMX), a lithium junior, climbed after announcing a strategic investment from SoftBank Group Corp.Sean Mason | April 6, 2018 | SmallCapPowerA significant new shareholder gave a financial vote of confidence to a lithium junior Friday. Here's some small stocks making big moves on Friday, April 6, 2018 (as of 4 pm EST):Nemaska Lithium Inc. (TSX:NMX) shares moved 17% highe...Read More
The U.S. stock market has been quite volatile over the past several weeks as investors speculate on the likelihood of a trade war with China and its danger to the American economy.But not all stocks will be hurt by a trade war.In fact, a trade war between China and the U.S. could have positive effects on some American companies.Generally speaking, trade conflict could be beneficial to domestic-foc...Read More
The UK inter-merchant price range for austenitic alloy steel products narrowed upward by ?10 per tonne this week while the price of nickel fluctuated, sources said on Friday April 6.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?940-980 ($1,319-1,375) per tonne delivered on Thursday, compared with ?930-980 per tonne on March 29.The London Metal Exch...Read More
The Canadian oil and gas dividend stocks on our list could provide steady, long-term returns despite oil price fluctuationsSmallCapPower | April 6, 2018: Oil prices have recovered somewhat, with WTI crude having increased 6% over the past month. The Canadian oil and gas dividend stocks on our list have high dividend yields, as well as the reserves and capital to continue operations for an extended...Read More