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Survey of Junior Resource Companies Under Coverage Strong Focus on Exploration and M&A in 2021

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Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev Cannabis Industry Performance Last week, Canadian cannabis stocks outperformed their U.S. peers. Statistics Canada reported record cannabis sales for May of $313M, up 68% YoY. We note that U.S. cannabis stocks had...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research After dropping 2.6% in the week prior to last, global equity indices we track moved up 1.6% last week as global vaccination rates continue to ramp up.   Copper and nickel prices surged on a steep...

Amazon’s Job Posting and Record High Inflation in the U.S.

  The top performer, Voyager Digital (CSE: VYGR), was up 17% as the company announced record revenue in Q4 (quarter ended June), blowing past our estimate. In addition, last week, Amazon (NASDAQ: AMZN) posted a job opening for a digital currency and blockchain...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev Cannabis Industry Performance Cannabis stocks across the U.S. and Canada pulled back amid overall weakness in equity markets. U.S. cannabis stocks declined despite the unveiling of a federal cannabis legalization bill. The...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Global equity indices we track were down 2.4% last week amid a rebound in COVID-19 cases due to the Delta variant. Prices of mainstream metals retreated as well. Zinc prices held ground due to inventory...

FRC Top Pick Getting Acquired by AngloGold

  The top performer, Corvus Gold (TSX: KOR), was up 21% on receipt of a non-binding offer from AngloGold Ashanti (NYSE: AU). AU is offering $4 per share, which is 7% higher than our fair value estimate of $3.75.We had initiated coverage on KOR in 2017, when...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev Cannabis Industry Performance Last week, U.S. cannabis stocks outperformed their Canadian counterparts amid positive developments: The state of Missouri posted record revenue from medical cannabis sales in June. A report...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Global equity indices we track remained relatively flat last week.   Nickel prices remain highly volatile relative to other mainstream metals. Valuations of both gold and base metals producers were also...

Shares of Gold Junior Up 50% After Exceptional Drill Results

  At the end of May, approximately 25% of Canadians were unwilling or undecided as to whether or not to get vaccinated vs 15% in the U.K., 23% in Italy, 28% in Germany, 36% in the U.S., and 40% in France. We expect these figures to gradually decline as more...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev Cannabis Industry Performance Last week, Canadian cannabis stocks underperformed relative to their U.S. peers due to positive developments for the U.S. medical cannabis sector. South Dakota added eight new conditions for...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Most of the global equity indices we track remained relatively flat last week. The S&P 500 was the best performer (up 1.8%) amid a stronger than expected jobs report from the U.S. Source: FRC / Various...

Positive Developments for Psychedelics and Medical Cannabis

  The S&P 500 was the best performer (up 1.8%) amid a stronger than expected jobs report from the U.S. Prices of mainstream metals (except nickel) remained flat as well. Nickel prices, which have been very volatile in the past few weeks, dropped 2.5% last...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev Cannabis Industry Performance Last week, cannabis stocks across the U.S. and Canada gained strength. U.S. cannabis stocks outperformed their Canadian counterparts on the back of more favourable news. Rhode Island approved...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Five of the seven global equity indices we track moved up last week, recouping most all the losses incurred in the prior week due to the U.S. Fed’s signal to move up its timeline for rate hikes. Nickel...

Gold M&A Heating Up

  Last week’s pick, ContextLogic (NASDAQ: WISH), went from $12.02 on Monday, to a high of $14.69 on Friday (up 22.21%). Check out our latest pick. Last week’s top five performers table among our Top Picks, includes two technology companies, two gold juniors, and...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev Cannabis Industry Performance Last week, Canadian and U.S. cannabis stocks were down 5% and 4%, respectively, amid the overall market weakness post the Fed’s meeting.  On a positive note, a new research study, published...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Five out of seven global equity indices we track retreated last week after the U.S. Fed moved up its timeline for rate hikes. The Fed is expecting two rate hikes next year. Prices of mainstream metals...

An Opportunity to Buy Gold

Our last week’s pick, AMC Entertainment (NYSE: AMC), went from $51.83 on Monday, to a high of $64.96 on Thursday (up 25%). Five out of seven global equity indices we track retreated last week after the U.S. Fed moved up its timeline for rate hikes. Prices of...