WiseRadar: March 13, 2023.
Harmony Gold Mining Company Limited ($HMY)
Harmony Gold Mining Company Limited (HMY) saw its stock fall in pre-market trading on Wednesday. The company reported a decline in its quarterly earnings and lowered its guidance for the year. HMY is also facing operational
challenges due to the coronavirus pandemic, as well as labor disputes and lower gold prices.
Gold Fields Limited ($GFI)
Gold Fields Limited (GFI) saw its stock drop in the pre-market session on Friday. The company reported a decrease in earnings and a decline in gold production in the fourth quarter of 2020. Gold Fields also noted that its net
debt had increased significantly due to the impact of the COVID-19 pandemic.
AngloGold Ashanti Limited ($AU)
AngloGold Ashanti Limited (AU) saw its stock fall in pre-market trading on Wednesday. The company’s share price was affected by a decrease in gold prices, which have been declining since the start of 2021. Despite the drop,
analysts remain bullish on the stock and expect it to rebound in the near future.
Select Energy Services, Inc. ($WTTR)
Select Energy Services, Inc. (WTTR) shares are trading lower by over 40% due to Quoin Pharmaceuticals announcing the discontinuation of a drug development program. Other stocks that are moving in Wednesday’s trading include
Bausch Health Companies, OrganiGram Holdings, and Innovative Industrial Properties.
Marathon Digital Holdings, Inc. ($MARA)
Marathon Digital Holdings, Inc. (MARA) is a digital asset technology company that provides secure and compliant solutions for digital asset storage and transactions. The company’s stock has been trading higher in premarket
trading due to its strong fundamentals and potential for growth. Investors are optimistic about the company’s future prospects.
Kenon Holdings Ltd. ($KEN)
Kenon Holdings Ltd. (KEN) is a holding company with investments in energy, infrastructure, and real estate. It is well-positioned to benefit from increased demand for energy, infrastructure, and real estate, and is expected to
have a strong performance in March. Its strong balance sheet and financial flexibility provide a good foundation for growth.
MicroStrategy Incorporated ($MSTR)
MicroStrategy Incorporated (MSTR) is a technology company that provides software and services for businesses. The company’s stock has been trading higher premarket, driven by its success in providing cloud-based business
intelligence and mobile software solutions. The company is well-positioned to benefit from the increasing demand for enterprise software solutions.
TH International Limited ($THCH)
TH International Limited (THCH) is a consumer stock that may crash this month due to the global pandemic. The company has been impacted by the pandemic due to its reliance on physical stores, as well as its limited online
presence. Furthermore, the company’s high debt levels and low liquidity have caused investors to be wary of its future prospects. As a result, THCH is likely to see a significant drop in share price this month.
Hut 8 Mining Corp. ($HUT)
Hut 8 Mining Corp. has announced the expiration of the Hart-Scott-Rodino Antitrust Improvements Act regarding its proposed acquisition of Bitfury USA Inc. The expiration of the waiting period under the Act satisfies one of the
conditions to the closing of the proposed acquisition. The acquisition is expected to be completed in the second quarter of 2021.
New Found Gold Corp. ($NFGC)
New Found Gold Corp. (NFGC) saw its stock price fall on Thursday, following news of a secondary offering. The offering will see the company issue up to 10 million shares of its common stock, with the proceeds going towards
exploration and development activities. The offering has caused investors to take a more cautious stance on the stock.
SilverCrest Metals Inc. ($SILV)
SilverCrest Metals Inc. (SILV) is a Zacks Under 10 Picks stock, which has been seeing a lot of investor attention. It is a Canadian precious metals exploration and development company, with a focus on the acquisition,
exploration, and development of silver and gold projects in Mexico and Canada. It has a strong balance sheet and a solid management team. It is a good option for investors looking for exposure to the precious metals sector.