The Prospector News

The Week of April 16th to April 22nd, 2018 “A Brief Look Back Into Tomorrow”

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

The Week of April 16th to April 22nd, 2018 “A Brief Look Back Into Tomorrow”






The new North American trading week began on Monday, April 16th with investors sensing that the recent and very painful correction may finally be over. To which technical analysts David Tippin & Ron Meisels commented – “The markets have been under pressure for nearly 3-months….signs continue to grow that this negative phase is coming to an end.”         (For a complete copy of this report please contact ‘’.)




Evrim Resources ‘EVM-V’ shares’ rocketed up by 52% to $1.40 after the mineral explorer released more encouraging trenching gold assays from its Cuale project in Mexico.




Conversely – the price of Celldex Therapeutics ‘CLDX-Q’ plunged by over 64.5% to US$0.76 after the company’s leading breast cancer drug glembatumumab vedotin failed to meet its primary endpoint of improving progression free survival.




Vermillion Energy ‘VET-T’ announced it was taking over Spartan Energy ‘SPE-T’ in an all stock deal of some $1.4-billion.




Tuesday, Aril 17th saw Kinder Morgan Canada’s ‘KML-T’ Trans Mountain Pipeline Expansion controversy heighten as both the Governments of Alberts and Saskatchewan initiate legislation that could restrict the flow of petroleum products to British Columbia.




Netflix Inc. ‘NFLX-Q’ shares’ rose by over 9% to US$335.89 after the media streaming market darling reported better than expected 1st-quarter financials.




And the price of Twitter Inc. ‘TWTR-Q’ stock surged up by almost 14.5% to US$31.84 after the social networking company’s outlook was upgraded by a prominent investment firm.




The Bank of Canada did as expected on Wednesday, April 19th and left their key interest rate unchanged at 1.25%.




International Business Machines ‘IBM-N’ shares’ fell by 7.5% to US$148.79 after Big Blue issued 1st-quarter financials that failed to meet analysts’ expectations.




The price of Painted Pony Energy ‘PONY-T’ stock rose by 5% to $2.29 after the petroleum explorer released significant test results from its first Montney horizontal well in its Beg Block area of northeast British Columbia.




Roots Corporation ‘ROOT-T’ saw it stock price rise by almost 10% to $12.60 after the Canadian based retailer reported better than expected 4th-quarter results.




Thursday, April 19th had r WeedMD ‘WMD-V’ share price soar up by over 25% to $1.98 on word that marijuana retailer Hiku Brands ‘HIKU-C’ was acquiring the cannabis grower in an all-stock deal.




Pier 1 Imports ‘PIR-N’ shares’ plunged by 21% to US$2.73 after the retailer not only reported a poor 4th-quarter but worse yet – ceased its dividend payouts for the foreseeable future.




And the price of Phillip Morris ‘PM-N’ stock fell by 15.5% to US$85.64 after the tobacco company’s 1st-quarter financials failed to meet the streets’ expectations.




Canadian Pacific Railway ‘CP-T’ announced on Friday, April 20th that the company was shutting down operations ahead of the impending labour strike by its workers.




Statistics Canada reported that the country’s annual inflation rate rose by 0.1% in March to a 3 1/2-year high of 2.3%.




Petroleum industry analyst Baker Hughes ‘BHGE-N’ reported that the number of active American drilling rigs rose by another 5-rigs last week to 1,013 active drilling rigs. The number of active Canadian rigs fell by another 9-rigs to 93-active drilling rigs.




Rogers Communications ‘RCI.A-T’ shares’ rose by 8% to $61.98 after the cable/media company reported much better than expected 1st-quarter financials.




And General Electric ‘GE-N’ stock was up by almost 4% to US$14.54 after the giant conglomerate beat the street with its 1st-quarter financials.




During the Weekcrude oil rose to a new 3½-year high of US$68.78-a-barrel while the price of aluminum climbed to a new 7-year high of US$1.15-a-pound and lumber reached a new record high of US$552.20-per-1,000 board feet.




Airboss of America Corp. ‘BOS-T’ at $14.35, Gran Tierra Energy ‘GTE-T’ at $4.06 and Norbord Inc. ‘OSB-T’ at $53.95 all rose to new TSX 52-week trading highs while BCE Inc. ‘BCE-T’ at $53.02, Loblaw Co. ‘L-T’ at $63.02 and Mountain Province Diamonds ‘MPVD-T’ at $2.97 all sank to new 52-week trading lows.




For the Week – the Dow Industrials gained 0.42% to 24,463, with the S&P 500 up by 0.53% to 2,670 and the NASDAQ ahead by 0.55% to 7,146. Further north – the TSX Composite rose by 1.37% to 15,484 and the TSX Venture was higher by 1.13% to 805.




With Commoditiesgold bullion fell by 0.74% to US$1,338, while copper gained 1.95% to US$3.13, as crude oil gained 1.11% to US$68.08 and natural gas was up by 0.36% to US$3.77. Overall – the CRB Spot Commodity Index rose by 1.12% to finish the week at 445.




The Canadian dollar dropped by 1.07% against the American dollar to end the week at US$0.7841.




And the closely watched CBOE Volatility Index or VIX eased lower by another 0.59-point to finish the week at a slightly calmer level of 16.82.





And Finally – If you think you owe a little too much money – you’re not alone, as according to the Institute of International Financeglobal personal debt levels rose by US$31-trillion in 2017 to a record US$237-trillion.

Posted April 23, 2018

Share this news article


MAS Gold Announces Closing on the First Tranche of its Private Placement Financing

MAS Gold Corp. (TSX-V: MAS) is pleased to announce the closing of... READ MORE

May 20, 2022

Golden Arrow Reports Results of Drilling at Tierra Dorada Gold Project, Paraguay, and Provides Exploration Update

Golden Arrow Resources Corporation (TSX-V: GRG) (FSE: G6A) (OTCQ... READ MORE

May 20, 2022

NorZinc Announces RCF US$6 Million Bridge Loan to Fund 2022 Work Program at Prairie Creek Project

NorZinc Ltd. (TSX: NZC) (OTCQB: NORZF) is pleased to announce the... READ MORE

May 20, 2022

Enduro Announces Closing of $10 million Private Placement

Enduro Metals Corporation (TSX-V: ENDR) (OTCQB: ENDMF) is pleased... READ MORE

May 20, 2022

Eloro Resources Closes C$9.775 Million Bought Deal Financing

Eloro Resources Ltd. (TSX-V: ELO) (OTCQX: ELRRF) (FSE: P2QM) is p... READ MORE

May 20, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News