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Reddit Valuation Soars To $6 Billion After Latest Fundraiser
February 10, 2021 11:07 AM EST| By Kunal SawhneyRiding high on the wave of attention for the role of one of its communities wallstreetbets that sent the US stock market into a frenzy, social media giant Reddit raised $250 million in series E funding on Monday. Founded in 2003, the compa.....
Big Pot Firms Canopy & Aphria Push Up TSX Healthcare Sector's MCap
February 10, 2021 09:04 AM EST| By Hina ChowdharySummary Canopy Growth Corporation and Aphria now account for more than 67 per cent of the S&P/TSX Capped Health Care Index’s top 10 companies, representing an extraordinary rally. Aphria’s stock is up 253 per cent this year comp.....
Globalstar (GSAT) Stocks Soar 69% On Qualcomm News
February 10, 2021 08:40 AM EST| By Team Kalkine MediaSummary Stocks of satellite communications company Globalstar Inc (NYSEAMERICAN: GSAT, GSAT:US) rocketed by over 69 per cent on Tuesday. On Tuesday, it announced California-based wireless tech company Qualcomm Inc (NASDAQ: QCOM, QCOM:US) as its.....
Air Canada (AC) Stocks Dip As It Announces 1.5K Layoffs, 17 Route Cuts
February 10, 2021 06:44 AM EST| By Hina ChowdharySummary Air Canada has said that it plans to temporarily lay off about 1,500 of its unionized workers and an undisclosed number of management-level employees. Along with the downsizing, the air carrier will be temporarily suspending service on .....
Sundial Growers (SNDL) & Supreme (FIRE): 2 Pot Stocks To Buy Under $2
February 10, 2021 05:41 AM EST| By Team Kalkine MediaSummary Sundial Growers and Supreme Cannabis were among the most active stocks on February 9 with a one-day volume of over one billion and 53.9 million, respectively. Supreme’s stock has swelled almost 187 per cent this year, with an exce.....
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SNC-Lavalin (TSX:SNC) Soars 11%: Time to Buy This Industrial Stock?
February 10, 2021 04:45 AM EST| By Ipsita SarkarSummary SNC-Lavalin to sell its oil and gas exploration business. Company’s risk reduction plan triggers buying frenzy for the (TSX: SNC) stock. The stock has returned over 17 per cent in last three months. Stocks of Canadian constr.....
Cenovus (TSX:CVE) Stocks Drop After Reporting Loss in Q4 2020
February 09, 2021 10:24 AM EST| By Kunal SawhneySummary Cenovus Energy Inc (TSX:CVE) has reported a net earnings loss of C$ 153 million for its last quarter of 2020. As the Calgary-based company released its latest financial data, Cenovus stocks reflected a drop of nearly five per cent on Tu.....
Canopy Growth (TSX:WEED) Stock Soars On Impressive Top Line
February 09, 2021 09:17 AM EST| By Kunal SawhneyCanopy Growth Corporation (TSX: WEED) announced today its third quarter earnings for fiscal 2021, ended on December 31, 2020, with 23 per cent year-over-year top line growth. The company CEO David Klein stated that the record quarterly revenue was d...
Penny Healthcare Stock Aeterna Zentaris (TSX:AEZS) Up 200%
February 09, 2021 09:15 AM EST| By Hina ChowdharySummary Stocks of Aeterna Zentaris Inc zoomed multiple folds higher on Monday, with nearly 200 per cent. The biopharma stock also achieved its 52-week high of C$4.63 yesterday, with a one-year return of 187 per cent. The FDA-approved medical t.....
10 Canadian Penny Stocks Under C$300 Mn Market Cap
February 09, 2021 09:08 AM EST| By Hina ChowdharyEquity markets around the world experienced quite a bit of volatility as bullish traders commanded dizzying rallies for a range of stocks over the last few weeks. Many stocks which were heavily shorted by major market analysts recorded new price high...
TELUS (TSX:T, NYSE:TU) Stocks Rise On Google Cloud Deal: Time To Hold?
February 09, 2021 08:50 AM EST| By Ipsita SarkarStocks TELUS Corporation (TSX:T, NYSE:TU) gained in pre-market trades on Tuesday after the telecom company announced a 10-year digital alliance with the cloud platform of US tech giant Google. As per an official release, the two companies will brain...
Buy Alert! Aphria (TSX:APHA) Stocks Surge 13%, May See Record High
February 09, 2021 05:32 AM EST| By Ipsita SarkarSummary Aphria eyes European markets for its recreational cannabis products. Aphria stock value (TSX: APHA) grew by around 160 per cent year-to-date. Its German facility to start harvesting cannabis in the first quarter of 2021. Aphria merged.....
Zosano Pharma (ZSAN) Stock Up 75%: Should You Buy & Hold It?
February 09, 2021 03:35 AM EST| By Team Kalkine MediaSummary Stocks of pharmaceutical company Zosano Pharma Corp (NASDAQ:ZSAN, ZSAN:US) shot up by over 75 per cent on Monday, February 8. While there were no clear business or corporate news from the company, some media outlets reported on Monday t.....
Ocugen (NASDAQ: OCGN) Stocks Skyrocket Over 180%
February 08, 2021 12:09 PM EST| By Hina ChowdharySummary Ocugen plans to raise US$23 million from a direct stock offering to institutional investors this week. The company plans to launch the Covid vaccine CovaxinTM in the US market this year. In the last three months, its stock value rose b.....
How Bombardier (TSX:BBD.B) Stock Is Faring After Rail Unit Sale?
February 08, 2021 10:47 AM EST| By Kunal SawhneyThe year 2020 witnessed unprecedented economic crisis caused by COVID-19 pandemic that compelled governments to put an indefinite ban on travel, be it domestic or international. As per national data agency Statistics Canada, the country&rs.....
Well Health (TSX:WELL) & CRH Stocks Skyrocket On Acquisition News
February 08, 2021 09:41 AM EST| By Hina ChowdharySummary Canadian health care service provider WELL Health Technologies Corp has announced its plans to acquire medical equipment maker CRH Medical Corp on Monday, February 8. While WELL Health’s stocks were up over 21 per cent on Monday m.....
Opsens (TSX:OPS): A Penny Medical Stock Worth Exploring!
February 08, 2021 07:43 AM EST| By Kunal SawhneySummary Canadian medtech company Opsens announced a bought deal worth C$ 25 million last week. The company’s stock has bounced back from its 52-week low by 361 per cent. The medical stock has swelled over 35 per cent this year, with a on.....
2 TSX Cannabis Stocks To Hold In 2021
February 07, 2021 12:57 AM EST| By Kunal SawhneyTwo giant cannabis consumer nations – the US and Mexico – are likely to legalize cannabis this year. Pot stocks are already rallying in anticipation of these legislative moves. The S&P/TSX Cannabis Index is up more than 80 per cent th...
LAIX & Aurora Mobiles (JG): Are These Chinese Stocks In Buy Zone?
February 07, 2021 12:25 AM EST| By Ipsita SarkarSummary LAIX & Aurora Mobile (NASDAQ: JG) stocks rallied in markets on Friday. LAIX stocks rose 182 per cent in the last three months. Aurora Mobile (NASDAQ: JG) stocks jumped 166 per cent in the same period. Consumer and tech stock price.....
AutoCanda & North West: 2 TSX Consumer Stocks To Explore
February 07, 2021 12:07 AM EST| By Hina ChowdharySummary Growth in certain categories of consumer stocks indicates they weathered well the turbulence of pandemic Covid-19. Stocks of automobile retail chain AutoCanada Inc. rides on recent acquisitions and expansions. Household retail giant No.....
