Weekly Market Roundup
Gevo Stock Jumps 31% After Record $83 Million Third Quarter
Gevo spent years selling investors on jet fuel. Its best quarter ever came from carbon dioxide it captures and stores underground in North Dakota. The stock closed up 30.9% on November 11. A Montreal graphene maker posted a strong quarter the same evening and watched its shares slip. Gevo Posts Record Q3 Revenue of $83…
Kraken Robotics Lands Largest Sonar Order as Stock Hits 52-Week Low
C$10.72 in March. C$3.31 last Friday. In between, Kraken Robotics kept booking orders, and on November 5 it announced its biggest batch yet. Lightwave Logic went the other way on Tuesday, pushing its production target back a year and losing more than a third of its value in one session. Kraken Robotics Books $102 Million…
Edesa Biotech Licenses Paridiprubart to Kyorin for $12 Million Upfront
Fifty percent. That is how much Faeth Therapeutics gave up on Monday after releasing cancer data it called positive. Edesa Biotech went the other way the same morning, climbing as much as 39% on a licensing deal in Japan. Edesa Biotech Signs $12M Upfront Japan Deal With Kyorin Edesa Biotech (Nasdaq: EDSA) signed an exclusive…
Tectonic Metals Drills 91 Metres of Gold at Black Creek, Alaska
Placer miners reportedly took about 450,000 ounces of gold out of two creeks in southwest Alaska. The hard-rock mine beside them managed 2,707. Tectonic Metals has been drilling the gap, and its latest hole returned 91 metres of gold and ended in mineralization. Copper in New Brunswick and a narrow silver spike in Bolivia round…
Andina Copper Hits 76 Meters of 1% Copper at Cobrasco, Plus a Yukon Gold Intercept and a Uranium Resource Update
Mining & Minerals Andina Copper Drills 76 Meters of 1.00% Copper From 52 Meters at Cobrasco Andina Copper (TSXV: ANDC, OTCQB: PMMCF) reported assays November 5 from hole CDH014 at its Cobrasco porphyry copper-molybdenum discovery in Chocó, Colombia. The hole returned 212 meters grading 0.50% copper and 112 ppm molybdenum from 52 meters downhole, including…
Democrats Win Congress, Putting Elizabeth Warren in Line for Senate Banking
Seventeen to one. That is roughly how much more Core Scientific earned last quarter renting data center space to AI customers than it made mining bitcoin. By January it plans to stop mining altogether. In Washington, voters handed both chambers of Congress to Democrats, and one of crypto’s loudest Senate critics is now in line…
ARRAY and Shoals Agree to Stock-for-Stock Solar Merger, Close Targeted for 2027
Shoals Technologies is the company being acquired. Its shareholders will own 65% of what comes out the other side. That deal with ARRAY landed on November 4, the same day US midterm results sent clean energy stocks higher worldwide. FTC Solar, meanwhile, grew revenue 25% while its own quarterly filing flags substantial doubt that it…
Harmonic Revenue Jumps 64% as Rest-of-Market Sales More Than Double
Thinkific grew revenue 2% last quarter. Its stock closed October 28 at roughly double its July low. Harmonic grew revenue 64% and raised its outlook, and a 17% opening pop on Tuesday had mostly faded by mid-morning. Harmonic Revenue Jumps 64% to $148.8 Million, Full-Year Outlook Raised Again Harmonic Inc. (Nasdaq: HLIT) reported third-quarter revenue…
Inovio Wins First FDA Approval as VOCERYQ Clears the Accelerated Path
Inovio closed at about 60 cents on October 30, down 22% on the day. That evening the FDA approved its first product, and the stock more than tripled. Pulmonx needed only 6% sales growth to add a third to its share price. Inovio Wins Accelerated FDA Approval for RRP Therapy VOCERYQ Inovio Pharmaceuticals (Nasdaq: INO)…
NorthWest Copper Extends Kwanika Western Zone at Depth in British Columbia
Suriname and Guyana sit on the same ancient bedrock, the Guiana Shield. Guyana has done a lot more with it. Miata Metals just drilled one of its best holes yet on the Suriname side. The same Thursday in British Columbia brought a 301.88 g/t gold assay from inside a producing mine and a deep copper-gold…
