Latest news for Soma Gold (OTC:SMAGF) Stock

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Soma Gold Corp

Since hitting a multi-year high in late January of this year, the spot price of uranium has generally been declining. Late last year, supply chain concerns stemming from Kazakhstan's state-owned uranium company Kazatomprom sparked fears that production would fall short of initial estimates.
Notably, this dynamic catapulted demand for the critical metal from alternative sources, particularly Canada. Surging prices for nuclear fuel prompted the<a href="https://www.benzinga.com/m-a/24/03/37459629/uranium-surge-revives-old-mines-sparks-mergers-across-sector"> revival of previously abandoned mining projects</a>. However, the market in recent months began correcting downward as the acute narrative of the Kazakhstani shortfall became priced in.
Still, many experts are bullish on uranium for the long haul thanks to the dramatic rise of advanced technologies such as artificial intelligence (AI) and the proliferation of data centers across the world. As Benzinga's Hayden Buckfire mentioned last month, Big Tech firms racing to develop the most productive AI protocols<a href="https://www.benzinga.com/markets/equities/24/06/39489296/as-the-ai-race-rages-on-depletion-of-energy-and-water-resources-poses-a-new-threat"> could endanger environmental security</a>.
One example of the need to foster responsible AI development comes from Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and its Google AI Overviews. For every search, the program eats up about three watt-hours of electricity. As Buckfire noted, that consumption is 10 times that of a traditional Google search.
Adding to the pressure, the International Energy Agency predicted that<a href="https://www.iea.org/reports/electricity-2024/executive-summary"> </a>electricity <a href="https://www.iea.org/reports/electricity-2024/executive-summary">consumption</a> from data centers, AI-driven protocols and cryptocurrency-related operations could double by 2026. Overall, the IEA states that the demand profile from these three sectors is "roughly equivalent to the electricity consumption of Japan."
It's no wonder, then, that the IEA declared that AI and energy infrastructure represent the "new power couple." Combined with other consumptive pressures from burgeoning markets like electric vehicles, demand for energy resources will likely only accelerate in the future. Therefore, uranium may play a critical role in the broader infrastructure narrative.
The ETF: Investors seeking to trade the ebb and flow of nuclear fuel prices may consider the Direxion Daily Uranium Industry Bull 2X Shares (URAA). A financial vehicle aiming to provide (before fees and expenses) 200% of the performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index, URAA can provide significant leverage should traders call the market correctly.
However, because of the 2X leverage, the URAA exchange-traded fund should only be utilized by sophisticated market participants. Primarily, leveraged funds feature the risk of value decay because any losses are compounded over time. The more volatility that the ETF may experience, the compounding effect worsens. Therefore, Direxion states that a trader's exposure should be for no longer than one day.
The URAA Chart: As a<a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39501204/direxion-unveils-uranium-etf-with-200-exposure-unique-way-to-make-short-term-bets-on-the-nucl"> new product</a> that just launched last month, the URAA ETF does not have much in the way of price history. However, some useful insights can still be extracted from the available data.
<ul>
<li>Initially, URAA started proceedings with much fanfare, opening the Jun. 26 session at $25.18 and finishing the day at $25.45. The next day, the uranium fund gapped up to open at $26, ultimately closing at $26.33.</li>
<li>Notably, the candlestick pattern for the Jun. 27 session featured only a lower wick or shadow; that is, the intraday high of the session matched that of the closing price. This dynamic suggests brewing momentum as the clock ticked down, which is generally an optimistic signal.</li>
<li>From the Jun. 28 session onward, URAA became noticeably volatile and choppy. However, the bulls still rushed in, with positive momentum so far peaking in the July 11 session. The candlestick pattern on that day resembled a doji star, indicating pensiveness among the optimists.</li>
<li>Subsequently, the following sessions have resulted in a net downward slide in the URAA as it attempts to find a baseline price. The bears appear to be driving the price down to the $26 level, where some support has been established.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfEaKUZ2EyhrgnTUafYWwv5Rp0beFV92dp312Vbv9AKn-xNrzS7KevN2u2Zop8w_OH0q0x0wAaJFZvNEukEKsgCkL__i0gN2n_Hljo-R5W27ki0vypBRiEEhc-8HPee-lnnUeQNwUVyQAFmULiWzCXraAne?key=dl4VO40nhojSKlHX4Xchzg" alt="" /></figure>
Featured photo by distelAPPArath from <a href="https://pixabay.com/photos/nuclear-power-plant-cooling-tower-4535761/">Pixabay</a>

Long Ideas

Short Ideas

Technicals

Trading Ideas

ETFs

GOOG

Rising Energy Demands From AI And Data Centers Shine Spotlight On Direxion's Daily Uranium Industry Bull 2X Shares (URAA)

<a href="https://www.greenmarketreport.com/mdma-therapy-gets-support-from-prominent-research-group-as-fda-weighs-action/" title="https://www.greenmarketreport.com/mdma-therapy-gets-support-from-prominent-research-group-as-fda-weighs-action/">https://www.greenmarketreport.com/mdma-therapy-gets-support-from-prominent-research-group-as-fda-weighs-action/</a>
&nbsp;
The paper noted that MDMA therapies have been proven safe and effective by multiple studies.
As an August deadline for the U.S. Food and Drug Administration looms regarding approval for psychedelic therapies, a coalition of well-known scientific researchers took it upon itself to publicize its support for <a href="https://www.drugdiscoverytrends.com/mdma-assisted-therapy-ptsd-treatment/">midomafetamine (MDMA)-based treatment</a> for patients with post-traumatic stress disorder.
In an online <a href="https://www.scientiststatementonptsd.com/">consensus statement</a>, 23 medical doctors and researchers urged the FDA to accept MDMA therapy for PTSD, noting that more than 17 U.S. military veterans commit suicide each day due to PTSD, Drug Discovery &amp; Development reported.
"The need for a more effective therapy for PTSD is urgent," the group wrote in the white paper. "We face a severe global mental health crisis, including an estimated 13 million Americans who are suffering from PTSD. Current therapies for PTSD fail to achieve remission in over half of patients who are treated."
The paper was signed by doctors and researchers from, among other institutions,:
<ul>
<li>Harvard Medical School</li>
<li>University of Chicago</li>
<li>San Francisco VA Medical Center</li>
<li>New York University Grossman School of Medicine</li>
<li>Boston University School of Medicine</li>
<li>University of California Berkeley</li>
</ul>
The paper – which came after an FDA advisory committee last month <a href="https://www.greenmarketreport.com/critics-of-lykos-mdma-trials-come-out-in-force-at-meeting-as-fda-denies-approval-request/">recommended against</a> FDA approval for an MDMA-based therapy from Lykos Therapeutics – asserts that all phase 3 clinical trials involving MDMA therapy "have shown substantial evidence of efficacy with a consistency of results across the fifteen different study sites and across various patient subgroups."
"The findings provide ample evidence of the efficacy of (MDMA)-assisted therapy for PTSD," the scientists wrote. "Our assessment is that the benefits of (MDMA)-assisted therapy outweigh the risks and that (MDMA) is now approvable."
The paper noted that MDMA therapies have been proven safe and effective by multiple studies, and noted that phase 3 trials have shown "a clinically meaningful reduction in PTSD symptoms."
In two of the phase 3 trials, the paper noted, "87% of participants in the (MDMA) group experienced a clinically meaningful response, 69% no longer met the diagnostic criteria for PTSD, and 40% achieved remission."
MDMA's relative safety was also not truly in question, the paper asserted, noting that the drug was "used in psychotherapy from the late 1970s until 1985, when it was placed in Schedule I for reasons unrelated to its clinical safety or efficacy."
In clinical trials, however, "there were no serious adverse events" for patients participating from the drug itself, the paper reported.
Australian authorities have already approved some psychedelic therapies, including MDMA and psilocybin – for certain patients, <a href="https://www.bloomberg.com/news/features/2024-07-08/australia-clears-medical-mdma-mushrooms-after-couple-s-drugs-campaign">Bloomberg</a> reported recently.
The FDA is slated to rule on a new drug application for Lykos Therapeutics' MDMA-therapy by Aug. 11.

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'MDMA Therapy Gets Support From Prominent Research Group As FDA Weighs Action' - Green Market Report

Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) stock is trending on Tuesday. In July, the company has so far added Dr. John P. Bamforth and Dr. Keith Anthony&nbsp;to its Board of Directors, entered a license agreement with Pluristyx and received Regenerative Medicine Advanced Therapy (RMAT) designation by the FDA for its <a href="https://www.benzinga.com/news/24/07/39580994/why-humacyte-stock-is-trading-15-higher-monday">Acellular Tissue Engineered Vessel</a>.
The Details: Humacyte acquired a license for Pluristyx&#8217;s PluriBank induced Pluripotent Stem Cell (iPSC) line to use as starting materials in the production of insulin-producing cells for their BioVascular Pancreas (BVP) product candidate.
The BVP aims to treat type 1 diabetes by facilitating the delivery and survival of insulin-producing islets within the body.
&#8220;The combination of Humacyte&#8217;s Acellular Tissue Engineered Vessel (ATEV) with insulin-producing cells derived from Pluristyx&#8217;s best-in-class iPSC lines brings us one step closer to curing insulin dependent diabetes,&#8221; said Benjamin Fryer, Pluristyx&#8217;s CEO.
&#8220;We are excited to assist therapeutic developers in using clinical-grade PluriBank iPSC starting materials.&#8221;
At the start of the month, the company received RMAT designation for the application of Humacyte&#8217;s ATEV in patients with Advanced Peripheral Artery Disease (PAD). This treatment is particularly beneficial for PAD patients who may not have suitable veins for traditional lower leg bypass procedures.
The ATEV is an implantable conduit designed for blood vessel replacement and repair. It has demonstrated low infection rates in clinical trials and is readily available off-the-shelf for immediate surgical use.
Analyst Changes: Multiple analysts have issued price target adjustments throughout July.
<ul>
<li>BTIG analyst Ryan Zimmerman maintains Humacyte with a Buy and raises the price target from&nbsp;$8&nbsp;to&nbsp;$11.</li>
<li>Cantor Fitzgerald analyst Kristen Kluska reiterates Humacyte with a Overweight and maintains&nbsp;$7&nbsp;price target.</li>
<li>Benchmark analyst Bruce Jackson reiterates Humacyte with a Buy and maintains&nbsp;$15&nbsp;price target.</li>
</ul>
How To Buy Humacyte Stock
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Humacyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>)'s case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
See Also: <a href="https://www.benzinga.com/24/07/39797663/unitedhealth-posts-better-than-expected-earnings-joins-angiodynamics-bank-of-america-and-other-big-s">UnitedHealth Posts Better-Than-Expected Earnings, Joins AngioDynamics, Bank of America And Other Big Stocks Moving Higher On Tuesday</a>
HUMA Price Action: At the time of publication, Humacyte stock is trading 5.8% higher at $8.89 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Michal Jarmoluk from Pixabay

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HUMA

What's Going On With Huamacyte Shares Tuesday?

Macro Economic Events

Economics

Federal Reserve

Fed's Kugler Says Inflation Has Continued To Trend Down, Despite 'A Few Bumps' At Start Of This Year; Inflation Remains Above U.S. Central Bank's Target; Supply And Demand Are Gradually Coming Into Better Balance; Labor Market Has Seen Substantial Rebalancing; Continued Labor Market Rebalancing Suggests Inflation Will Continue To Move Toward 2% Target

Fed's Kugler Says It Will Be Appropriate To Begin Easing Monetary Policy Later This Year If Economic Conditions Continue To Evolve Favorably; Upside Risks To Inflation, Downside Risks To Employment Have Become More Balanced; If Labor Market Cools Too Much, It Will Be Appropriate To Cut Interest Rates 'Sooner Rather Than Later'; If Incoming Data Don't Provide Confidence That Inflation Is Moving Toward 2% Target, It May Be Appropriate To Hold Rates Steady 'A Little Longer'

Yoshitsu Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) shares are trading higher Tuesday after the company reported a year-over-year increase in its <a href="https://www.benzinga.com/pressreleases/24/07/n39790557/yoshitsu-co-ltd-reports-fiscal-year-2024-financial-results">fiscal year financial results.</a>
The Details:
Yoshitsu reported quarterly earnings of 20 cents per share, representing a 190.91% increase from the same period last year. The company reported $195.68 million in sales for the quarter which is a 15.29% increase over sales from the same period last year.
Yoshitsu said revenue from directly-operated physical stores increased by 28.8%, to $15 million for fiscal year 2024, up from $11.6 million in 2023. The increase was mainly due to its newly offered luxury products, which contributed a significant portion of increased directly-operated physical store sales.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/07/39776035/solar-stocks-tumble-following-failed-assassination-of-trump-whats-going-on">Solar Stocks Tumble Following Failed Assassination Of Trump: What&#8217;s Going On?</a>
&#8220;I am thrilled to report that Yoshitsu has achieved outstanding success during fiscal year 2024. Our total revenue surged by 15.3%, and our income from operations increased by 601.3%, clear indicators of our robust growth and strategic excellence. This remarkable increase is primarily driven by the performance of our directly-operated physical stores and our expanding franchise network, alongside our dedicated wholesale customers,&#8221; said Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu.
Yoshitsu stock is <a href="https://www.benzinga.com/news/earnings/24/07/39799013/crude-oil-down-1-bank-of-america-posts-upbeat-earnings">blasting higher</a> on heavy trading volume following the release of its fiscal year financial results. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, more than 266 million shares have been traded in the session, compared to the stock&#8217;s 100-day average of less than 2.2 million shares.
<h2 class="wp-block-heading">How To Buy TKLF Stock:</h2>
By now you're likely curious about how to participate in the market for Yoshitsu Co &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Yoshitsu Co, which is trading at $0.56 as of publishing time, $100 would buy you 178.57 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
TKLF Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Yoshitsu shares are up 75% at 54 cents at the time of publication Tuesday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39777940/whats-going-on-with-upstart-stock">What&#8217;s Going On With Upstart Stock?</a></li>
</ul>
Image: Pete Linforth from Pixabay

Earnings

Penny Stocks

TKLF

Why Yoshitsu Stock Is Racing Higher

Biodexa Pharmaceuticals's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NYSE">BDRX</a>) short percent of float has fallen 35.68% since its last report. The company recently reported that it has 140 thousand shares sold short, which is 1.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Biodexa Pharmaceuticals Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721155519_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Biodexa Pharmaceuticals has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Biodexa Pharmaceuticals's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Biodexa Pharmaceuticals's peer group average for short interest as a percentage of float is 4.48%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

BDRX

How Is The Market Feeling About Biodexa Pharmaceuticals?

Chemed's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHE#NYSE">CHE</a>) short percent of float has risen 11.16% since its last report. The company recently reported that it has 312 thousand shares sold short, which is 2.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Chemed Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721155515_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Chemed has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Chemed's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Chemed's peer group average for short interest as a percentage of float is 10.31%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Chemed?

EQT's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) short percent of float has risen 14.73% since its last report. The company recently reported that it has 40.11 million shares sold short, which is 11.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.03 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EQT Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721155510_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EQT has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing EQT's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EQT's peer group average for short interest as a percentage of float is 6.50%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into EQT's Recent Short Interest

n its weekly release,&nbsp;Baker Hughes Company&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkr#NASDAQ">BKR</a>) stated that the U.S. rig count was lower than the prior week&#39;s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.
Baker Hughes&#39; data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company&#39;s oilfield services from exploration and production companies.
<h3>Rig Count Data in Detail</h3>
Total U.S. Rig Count Declines:&nbsp;The number of rigs engaged in the exploration and production of oil and natural gas in the United States was 584 in the week ended Jul 12, lower than theweek-ago count of 585. The current national rig count also declined from the year-ago level of 675, reflecting the fact that there has been a slowdown in drilling activities. Some analysts see this downside as a sign of increased efficiency among shale producers, who may need fewer rigs. However, there are doubts among a few about whether certain producers have sufficient promising land for drilling.
Onshore rigs in the week that ended on Jul 12 totaled 561, lower than the prior week&#39;s count of 562. In offshore resources, 23 rigs were operating, in line with the week-ago count.
U.S. Oil Rig Count Falls:&nbsp;The oil rig count was 478 in the week ended Jul 12, lower than the week-ago figure of 479. The current number of oil rigs &mdash; far from the peak of 1,609 attained in October 2014 &mdash; was also down from the year-ago figure of 537.
U.S. Natural Gas Rig Count Declines:&nbsp;The natural gas rig count of 100 was lower than the week-ago figure of 101. The count of rigs exploring the commodity was also below the year-ago week&#39;s tally of 133. Per the latest report, the number of natural gas-directed rigs is almost 94% lower than the all-time high of 1,606 recorded in 2008.&nbsp;
Rig Count by Type:&nbsp;The number of vertical drilling rigs totaled 18 units, in line with the week-ago count. The horizontal/directional rig count (encompassing new drilling technology with the ability to drill and extract gas from dense rock formations, also known as shale formations) of 566 was below the prior-week level of 567.
<h3>Rig Count in the Most Prolific Basin</h3>
Permian &mdash; the most prolific basin in the United States &mdash; recorded a weekly oil and gas rig count of 305, which was in line with the week-ago figure. However, the number was below the prior-year level of 337.
<h3>Outlook</h3>
The West Texas Intermediate crude price is trading at more than the $80-per-barrel mark, highly favorable for exploration and production operations. Although the commodity pricing scenario is handsome, there has been a slowdown in drilling activities, which may continue as upstream players are prioritizing stockholder returns rather than boosting output.
Amid the backdrop, investors seeking medium to long-term gains may keep an eye on energy stocks like Diamondback Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fang#NASDAQ">FANG</a>) and&nbsp;Matador Resources Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtdr#NYSE">MTDR</a>).
Diamondback Energy, a leading pure-play Permian operator, has reported ongoing enhancements in the average productivity per well in the Midland Basin. Thus, the exploration and production company, carrying a Zacks Rank #3 (Hold), is likely to continue witnessing increased production volumes.
The pending Endeavor merger, expected to close in the fourth quarter of this year, will significantly increase its Permian footprint, which the company cited at a combined pro forma scale of approximately 838,000 net acres. With the merger, FANG will have more inventory of core drilling locations with a break-even oil price of less than $40 per barrel.
Matador Resources recently entered into a $1.91 billion agreement to expand its footprint in the prolific Delaware Basin. With the deal expected to close in the late third quarter of 2024, the #2 Ranked company is projected to have more than 190,000 net acres in the Delaware Basin on a pro forma basis. Consequently, the company estimates that its production will exceed 180,000 barrels of oil equivalent per day, positioning it for significant growth and enhanced operational scale.
<a href="https://www.zacks.com/stock/news/2302358/total-us-drilling-rig-tally-falls-here-s-what-it-means?cid=CS-BENZ-FT-analyst_blog|industry_focus-2302358">To read this article on Zacks.com click here.</a>

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Total US Drilling Rig Tally Falls: Here's What it Means

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LogicMark On July 16, 2024 Issued US Patent 'US 12,039,850 B2' For "SYSTEM AND METHOD FOR FALL DETECTION USING MULTIPLE SENSORS, INCLUDING BAROMETRIC OR ATHOSPHEREIC PRESSURE SENSORS"

Source: <a href="https://www.streetwisereports.com/article/2024/07/12/uranium-expert-says-serious-issues-face-industry.html?utm_medium=feed">Streetwise Reports 07/12/2024</a>
Expert Dustin Garrow talks to Streetwise Reports about the past and future of the element increasingly in demand as the world&#39;s energy industry transitions to low-carbon solutions.
After the Fukushima Daiichi nuclear disaster in Japan in 2011, uranium prices dropped to US$20 to US$40 per pound for years after hitting US$136 in 2007.
But now the situation has changed drastically, according to industry expert Dustin Garrow, as the world works toward zero carbon goals, electric vehicles (EVs) and data centers for artificial intelligence (AI) gobble energy, and Russian uranium imports are banned because of the Ukraine War. Compounding the issue is that after Fukushima, many uranium mines and projects were shelved.
In January, the spot price for uranium rose to US$106.25 and has hovered in the US$90s and US$80s since then, landing at and on Wednesday it was at US$85.50 on Tuesday.
&quot;All of a sudden, kind of unanticipated by the industry, we had governments saying we want to move toward reducing or eliminating our carbon footprint by 2050 (or) 2060&quot; Garrow told Streetwise Reports. &quot;We need kind of a low-carbon, no-carbon baseload power source. And that meant nuclear.&quot;
Utilities and governments are canceling plans to mothball plants, giving them licensing extensions. Even the dormant infamous Three Mile Island power plant in southcentral Pennsylvania, the site of the worst nuclear accident in U.S. history in 1979, could be switched back on. A partial reactor meltdown at the plant caused nationwide panic and led to the mothballing of many plants nationwide.
But Constellation Energy Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>) has been conducting tests at one of the plant&#39;s reactors that was shut down in 2019, which could possibly lead to a restart that could take several years, The Washington Post reported.
&quot;We&#39;ve found the plant is in pretty good shape&quot; Constellation Chief Executive Officer Joe Dominguez told the newspaper. &quot;We think it is technically feasible to restart it.&quot;
When it comes to the uranium markets, Garrow said he has seen it all over his 50 years in the industry, from US$6 uranium to US$136 uranium and &quot;all points between.&quot;
He has held numerous senior management and marketing positions with uranium production companies, including Rocky Mountain Energy, Everest Minerals, Energy Fuels Nuclear, and World Wide Minerals Ltd. He served as vice president, marketing and sales for ConverDyn, the sole provider of natural uranium conversion services in the United States. He was also the executive general manager-marketing for Paladin Energy Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/palaf#OTC">PALAF</a>), a Perth, Australia-based producer of natural uranium concentrates.
Garrow now serves as chief commercial officer of Yellow Cake Plc, which was created to give pure exposure to uranium, and head of marketing for Deep Yellow Ltd., a mid-cap Australian company developing two advanced uranium projects.
<h2>The Catalyst: The Coming Energy Demand Surge</h2>
The nation&#39;s largest utility companies are warning of a coming energy demand surge from EVs and AI could be unlike anything seen since the widespread adoption of heat pumps and air conditioners pushed demand sky-high in the 20th Century, according to a June 30 piece by Spencer Kimball for CNBC.
Rystad Energy predicted that data centers and EVs alone will add 290 terrawatt hours (TWh) of new demand by 2030.
&quot;Overall, the combined expansion of traditional and AI data centers, along with chip foundries, will increase demand cumulatively by 177 TWh from 2023 to 2030, reaching a total of 307 TWh&quot; noted Rystad, an independent research and energy intelligence company. &quot;Despite data centers currently representing a relatively modest portion of total electricity demand in the U.S., this marks a more than two-fold increase compared to 2023 levels, which stood at 130 TWh, highlighting the efforts of the U.S. to position itself as a global data center hub.&quot;
Rystad said the reliance on coal in the U.S. has diminished. This is expected to continue while overall power generation is expected to rise.
IG Bank noted that Morgan Stanley has estimated a nuclear renaissance could be worth US$1.5 trillion through 2050 in the form of capital investment.
<h2>&#39;Serious Issues&#39; Face Industry</h2>
Garrow noted that it&#39;s been a long and interesting road to this point in the commodity&#39;s journey. After World War II, there was significant overproduction of uranium, but commercial use really didn&#39;t start until the 1960s and 1970s, he said. The crossover into commercial use by the nuclear power sector into exceeding production didn&#39;t happen until about 1990, he said.
&quot;We&#39;ve had almost 35 years of inventory drawdown, and that tends to get ignored&quot; he said.
While Russia and China hold stockpiles, mobile inventory of the important element is getting less readily available, Garrow said.
&quot;A lot of the excess inventory lying around just isn&#39;t there anymore&quot; he said.
Add to that the Russian invasion of Ukraine and the recent ban by the U.S. on Russian uranium, &quot;We&#39;re seeing significantly less volume being transacted on the spot market, I contend, because it&#39;s just not there&quot; Garrow said.
The supply side also has &quot;serious issues&quot; the expert said.
&quot;Between now and the end of the decade, there aren&#39;t many greenfields developments that are &#39;shovel ready,&#39;&quot; he said. &quot;We&#39;re not seeing a lot of the big, high-capital-cost, Athabasca-based projects moving forward real quickly.&quot;
He also said he does not see the situation easing quickly. &quot;I&#39;m not a mining engineer, but to restock the inventory, you&#39;d have to overproduce in a market that&#39;s calling for increasingly larger volumes of uranium&quot; he said. &quot;I can&#39;t see where the inventory starts to accumulate again for the foreseeable future.&quot;
Utility companies with the largest unfilled needs the soonest are the biggest market for the near-term, he said. They&#39;re looking for not just drilling data, but the teams involved in the exploration companies. They&#39;re also concerned about the life of new mines, Garrow said.
&quot;They really would like to see that 25- to 30-year mine life out of a new greenfields project&quot; he said.
Garrow noted that both companies he&#39;s with now, Yellow Cake Plc. and Deep Yellow Ltd., help solve these problems. Yellow Cake offers liquid exposure to the uranium spot price with no exploration, development, or operating risk. Deep Yellow is a mid-cap developer advancing two projects.
<h2>Deep Yellow Ltd.</h2>
Deep Yellow Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dyllf#OTC">DYLLF</a>) is focused on developing one of the largest global inventories to establish a more than 10 million pound per annum multi-mine producer and provide security and certainty of long-term supply into the market.
The company is led by Chief Executive Officer John Borshoff, who has more than 48 years of experience in the uranium sector; and the Board is chaired by Chris Salisbury, who spent 30 years at Rio Tinto Plc and has 12 years of uranium experience.
&quot;The company has acquired and developed a portfolio of geographically diverse exploration, early-stage and advanced uranium projects, which provide a strong development pipeline and significant growth optionality through expansion of its current uranium resource base by adding uranium &#39;pounds in the ground,&#39;&quot; it said on its website.
The company has two advanced projects: its flagship project, Tumas in Namibia, and Mulga Rock in Western Australia.
According to the company, both projects have a potential production capacity of more than 7 million pounds per annum (Mlb pa) &mdash; Tumas 3.6 Mlb pa with a potential Life of Mine (LOM) of more than 30 years, and Mulga Rock with 3.5 Mlb pa over a 15-year-plus LOM.
Deep Yellow has completed a review of the Tumas Definitive Feasibility Study (DFS), which it said &quot;generated excellent results and strengthened the project&#39;s status as a long-life, world-class uranium operation.&quot;
It also has received the mining license for Tumas and is on track for a Final Investment Decision in the third quarter, with operations scheduling to start in 2026.
&quot;That&#39;s kind of what we&#39;re showing to the utility market right now&quot; said Garrow, head of marketing for the company. &quot;And the utilities, they respond to that, they see through . . . some of the hype we see going on.&quot;
According to TipRanks, the stock is rated a Buy by analysts at two major firms, with an average target price of AU$1.91.
According to Reuters, about 4.59% of the company is owned by management and insiders, about 3.64% by strategic investors, and 38.74% by institutions. The rest is retail.
Top shareholders include Paradice Investment Management with 7.2%, Alps Advisors Inc. with 6.54%, Mirae Asset Global Investments with 5.48%, MMCAP Asset Management with 4.82%, State Street Global Advisors Australia with 3.78%, and The Vanguard Group Inc. with 2.15%, Reuters said.
The company has about 969.19 million shares outstanding, according to Reuters.
It has a market cap of AU$1.32 billion and trades in a 52-week range of AU$0.65 and AU$1.83, Google finance reported.
<h2>Yellow Cake Plc</h2>
Yellow Cake Plc (OTC: <a class="ticker" href="https://www.benzinga.com/stock/yllxf#OTC">YLLXF</a>) is focused on buying and holding physical uranium in North America and Western Europe, with the intent of realizing return on investment from the appreciation in the value of its holdings, according to its investors&#39; deck.
The company also noted that in addition to owning physical uranium, it has the ability to generate value for shareholders through trading on the spot market and with long-term contracts.
According to its last quarterly operating update, the company has uranium holdings of 20.16 Mlb of U3O8 as of March 31, 2024. This increased to 21.68 Mlb on delivery of 1.53 Mlb by Kazatomprom in June 2024.
The company said it has agreed to purchase 1.53 Mlb of U3O8 from Kazatomprom at a price of US$65.50 per pound, or US$100 million in aggregate.
&quot;The important thing is we&#39;re a sequester&quot; said Garrow, chief commercial officer. &quot;We don&#39;t sell, we don&#39;t trade, we don&#39;t lend, and we don&#39;t borrow. The uranium . . . sits in the account. And that&#39;s what the investors invest in, the future value of that inventory.&quot;
Analyst Mike Kozak of Cantor Fitzgerald maintained his recommendation of the stock in an updated research note on June 5.
&quot;We are maintaining our Buy rating and GBP&pound;9.75 target price on Yellow Cake based on 1.0x NAVPS, a GBP/USD FX rate of 1.25, and an unchanged long-term uranium price forecast of US$120/lb U3O8&quot; Kozak wrote.
According to an analysis by Simply Wall Street in April, the company has returns on capital employed (ROCE) of 33%, based on the 12 months leading to September 2023.
&quot;In absolute terms, that&#39;s a great return, and it&#39;s even better than the Trade Distributors industry average of 15%&quot; the website noted.
John Foster of The Armchair Trader had praise for the company, calling it &quot;one to watch.&quot;
&quot;The company has been a stellar investment over the past 12 months &mdash; triple your average UK stock &mdash; and there are no signs of it slowing down with governments across the world scrambling to attain energy independence in a low-carbon way&quot; Foster wrote.
According to Reuters, about 0.14% of the company is owned by insiders and management, about 2.56% by strategic investors, and about 45.78% by institutional. The rest is retail.
Top shareholders include MMCAP Asset Management with 10.06%, Mirae Asset Global Investments with 7.19%, Kopernik Global Investors LLC with 4.85%, Fiera Capital (UK) Ltd. with 4.74%, and Alps Advisors Inc. with 3.68%.
It has 216.86 million shares outstanding with a market cap of GBP&pound;1.29 billion and trades in a 52-week range of GBP&pound;4.83 and GBP&pound;10.10, according to Google Finance.
Important Disclosures:
<ol>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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Uranium Expert Says 'Serious Issues' Face Industry

Source: <a href="https://www.streetwisereports.com/article/2024/07/12/uranium-co-follows-discovery-with-more-high-grade-results.html?utm_medium=feed">Streetwise Reports 07/12/2024</a>
Skyharbour Resources Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/syhbf#OTC">SYHBF</a>) has announced assay results from the 2024 winter diamond drilling program at its 100%-owned Moore Lake uranium project in the Athabasca Basin of Saskatchewan.
A highlight of the nine-hole campaign totaling 2,864 meters of drilling included hole ML24-08, which intersected 5 meters of 4.61% U3O8 from a relatively shallow downhole depth of 265.5 meters to 270.5 meters, including 10.19% U3O8 over 1 meter at the Main Maverick Zone, the company said.
&quot;The drill results announced here demonstrate the high-grade, shallow endowment of uranium mineralization at the Main Maverick Zone&quot; President and Chief Executive Officer Jordan Trimble said. &quot;We continue to expand this main zone and will be drilling this summer to further delineate the numerous high-grade zones of uranium on the Maverick Corridor taking advantage of regional infrastructure including the exploration camp at our adjacent Russell Lake project to bring our costs down.&quot;
Skyharbour said it plans to continue advancing Moore through additional drilling in 2024 in conjunction with a fully funded summer drilling program to follow up on its new discovery at Russell Lake, marking a major breakthrough in the discovery process at the project.
The company said an intercept from hole RSL24-02 at Fork returned a 2.5-meter-wide intercept of 0.721% U3O8 at a relatively shallow 338.1 meters, including 2.99% U3O8 over 0.5 meters at 339.6 meters just above the unconformity in the sandstone. Skyharbour said it was the best intercept of uranium mineralization historically at the Russell Lake project.
Analyst David Talbot of Red Cloud Securities wrote in an updated research note on Tuesday that the results at Russell Lake &quot;help lay the groundwork for a follow-up summer drill program.&quot;
&quot;We view this discovery positively and believe that it represents a breakthrough for Russell Lake, as previous exploration in this area was limited by interference from nearby powerlines&quot; wrote Talbot, who rated the stock a Buy with a CA$0.65 per share target price.
<h2>Mineralization Expansion Potential</h2>
Skyharbour noted that all of the holes drilled in the Main Maverick Zone last winter intersected significant uranium mineralization with the goal of further expanding and delineating the known zone of mineralization.
Hole ML24-03 intersected a broad interval of high-grade mineralization grading 1.11% U3O8 over 11.5 meters starting at 266.8 meters downhole, including 2.0 meters of 5.87% U3O8, the company said.
There is expansion potential at both of the high-grade Main Maverick and Maverick East Zones, and substantial portions of the 4.7-kilometer-long Maverick corridor remain to be systematically drill-tested, leaving discovery potential along strike as well as at depth in the basement rocks.
<blockquote class="callOut left">Analyst David Talbot of Red Cloud Securities wrote in an updated research note on Tuesday that the results at Russell Lake &quot;help lay the groundwork for a follow-up summer drill program.&quot;</blockquote>
Two exploratory holes drilled in the Grid 19 area intersected structurally disrupted graphitic pelitic accompanied by significantly anomalous pathfinder element geochemistry, Skyharbour said in Thursday&#39;s release.
Preparation is underway for a fully funded 2,500- to 3,000-meter summer drill program at Moore focused on the Maverick zones, as is a follow-up 4,500- to 5,000-meter drill program at Russell Lake.
The company said it drilled more than 5,100 meters in 10 holes in two phases during the winter of 2024 at Russell Lake. The first phase of drilling consisted of more than 3,000 meters in six holes, while the second phase consisted of more than 2,000 meters in four holes. The cores and geochemical results have been obtained for Phase One at Russell Lake. Results for the second phase are pending.
Skyharbour has an extensive portfolio of uranium exploration projects in the Athabasca Basin, with 29 projects, 10 of which are drill-ready, covering over 587,000 hectares of mineral claims.
In addition to exploring for high-grade uranium deposits, the company uses a prospect generator strategy by bringing in partner companies to advance its secondary assets.
Partner companies include Azincourt Energy Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/azurf#OTC">AZURF</a>), Thunderbird Resources Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/voyrf#OTC">VOYRF</a>) (formerly Valor Resources Ltd.), Basin Uranium Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/burcf#OTC">BURCF</a>), and Medaro Mining Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/medaf#OTC">MEDAF</a>). More recently, two earn-in option agreements have been signed with Tisdale Clean Energy Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tceff#OTC">TCEFF</a>) to option the South Falcon East project, as well as North Shore Uranium Ltd. to option the Falcon project.
<h2>The Catalyst: Energy Demand Surge Coming</h2>
The nation&#39;s largest utility companies are warning of a coming energy demand surge from EVs and AI that could be unlike anything seen since the widespread adoption of heat pumps and air conditioners pushed demand sky-high in the 20th Century, according to a June 30 piece by Spencer Kimball for CNBC.
Rystad Energy predicted that data centers and EVs alone will add 290 terrawatt hours (TWh) of new demand by 2030.
&quot;Overall, the combined expansion of traditional and AI data centers, along with chip foundries, will increase demand cumulatively by 177 TWh from 2023 to 2030, reaching a total of 307 TWh&quot; noted Rystad, an independent research and energy intelligence company. &quot;Despite data centers currently representing a relatively modest portion of total electricity demand in the U.S., this marks a more than two-fold increase compared to 2023 levels, which stood at 130 TWh, highlighting the efforts of the U.S. to position itself as a global data center hub.&quot;
Many are calling for a uranium bull market, given a renewed focus on nuclear energy worldwide, is a possible source of power for the artificial intelligence (AI) revolution, IG Bank wrote.
&quot;Amazon, for example, bought a nuclear-powered data center in the United States earlier this year, and Microsoft is pushing for small nuclear reactors (SMRs) to be contained within data centers&quot; author Nadine Blayney wrote.
<h2>Ownership and Share Structure</h2>
Management, insiders, and close business associates own approximately 5% of the company. According to Reuters, the CEO Trimble owns 1.54%, and Director David Cates owns 0.70%.
Institutional, corporate, and strategic investors own approximately 55% of the company. Denison Mines owns 6.3%, Rio Tinto owns 2.0%, Extract Advisors LLC owns 9%, Alps Advisors Inc. owns 9.91%, Mirae Asset Global Investments (U.S.A) L.L.C. owns 6.29%, Sprott Asset Management L.P. owns 1.5%, and Incrementum AG owns 1.18%, Reuters reported.
There are 182.53 million shares outstanding with 177.73 million free float traded shares, while the company has a market cap of CA$79.86 million and trades in a 52-week range of CA$0.33 and CA$0.64.
Important Disclosures:
<ol>
<li>Skyharbour Resources Ltd. and Tisdale Clean Energy Corp. are billboard sponsors of Streetwise Reports and pay SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, North Shore Uranium Ltd., Skyharbour Resources Ltd., and Tisdale Clean Energy Corp. have a consulting relationship with an affiliate of Streetwise Reports, and pay a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Azincourt Energy Corp., North Shore Uranium Ltd., Skyharbour Resources Ltd., and Tisdale Clean Energy Corp.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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Uranium Co. Follows Discovery With More High-Grade Results

Halliburton Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hal#NYSE">HAL</a>) is set to release second-quarter results on Jul 19. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 80 cents per share on revenues of $6 billion.
Let&#39;s delve into the factors that might have influenced the oilfield service firm&#39;s performance in the September quarter. But it&#39;s worth taking a look at HAL&#39;s previous-quarter performance first.
<h3>Highlights of Q1 Earnings &amp; Surprise History</h3>
In the last reported quarter, this Houston, TX-based provider of technical products and services to drillers of oil and gas wells beat the consensus mark due to strength in the international markets, partly offset by weak performance in the North American region. Halliburton had reported adjusted net income per share of 76 cents, surpassing the Zacks Consensus Estimate of 74 cents. Revenues of $5.8 billion also came above the Zacks Consensus Estimate by some $121 million.
HAL beat the Zacks Consensus Estimate in each of the last four quarters, which resulted in an average earnings surprise of 3.9%. This is depicted in the graph below:
<div class="chart_embed">
<h3>Halliburton Company Price and EPS Surprise</h3>
<img alt="Halliburton Company Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/89/1721128669.png" style="height:266px; width:546px" title="" />
Halliburton Company price-eps-surprise | Halliburton Company Quote
<h3>Trend in Estimate Revision</h3>
The Zacks Consensus Estimate for the second-quarter bottom line has remained unchanged in the past seven days. The estimated figure indicates a 3.9% improvement year over year. The Zacks Consensus Estimate for revenues, meanwhile, suggests a 2.6% increase from the year-ago period.
</div>
<h3>Factors to Consider</h3>
After bouncing strongly from the depths of the pandemic, the oil and natural gas rig count in the United States has been gradually declining over the past year or so. Consequently, drilling activity &mdash; an important factor for services companies &mdash; has hit a speed bump. In the United States, a region on which Halliburton is highly dependent, the rig count has gone down around 15% from a year ago. The steady decline in rig count is worrying for contracting activity.
Consequently, our expectation for second-quarter revenues for the North American region is pegged at $2.6 billion, indicating a 2.1% drop from the year-ago quarter on the back of a soft operating environment. This is likely to have weighed on the company&#39;s earnings and cash flows.
On a further bearish note, the increase in HAL&#39;s costs might have dragged down the company&#39;s to-be-reported bottom line. Going by our model, the company&#39;s second-quarter cost of sales is likely to have totaled $4.8 billion, up 1.9% from the year-ago period. The upward cost trajectory could be attributed to the prevailing inflationary environment.
But giving some respite to the company, our projection for the second-quarter operating income of Drilling &amp; Evaluation segment is pegged at $417.3 million, indicating an 11% improvement from the year-ago quarter on the back of Halliburton&#39;s strategic positioning in key markets and its capability to capitalize on regional demand surges, especially in the Middle East and certain countries of Latin America.&nbsp;
<h3>What Does Our Model Say?</h3>
The proven Zacks model does not conclusively show that HAL is likely to beat estimates in the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that&#39;s not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -0.23%.
Zacks Rank: Halliburton currently carries a Zacks Rank #4 (Sell).
<h3>Stocks to Consider</h3>
While an earnings beat looks uncertain for Halliburton, here are some firms from the energy space that you may want to consider on the basis of our model:
Expro Group Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpro#NYSE">XPRO</a>) has an Earnings ESP of +2.04% and a Zacks Rank #2. The firm is scheduled to release earnings on Jul 25.
Expro Group Holdings has a trailing four-quarter earnings surprise of 78.4%, on average. Valued at around $2.5 billion, XPRO has gained 14.7% in a year.
Equinor ASA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqnr#NYSE">EQNR</a>) has an Earnings ESP of +1.55% and a Zacks Rank #3. The firm is scheduled to release earnings on Jul 24.
Notably, the Zacks Consensus Estimate for Equinor&#39;s 2024 earnings per share indicates 0.9% year-over-year growth. Valued at around $80 billion, EQNR has gained 1.9% in a year.
TechnipFMC plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fti#NYSE">FTI</a>) has an Earnings ESP of +9.21% and a Zacks Rank #3. The firm is scheduled to release earnings on Jul 25.
TechnipFMC beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other. It has a trailing four-quarter earnings surprise of 5.4%, on average. Valued at around $11.5 billion, FTI has gained 62.9% in a year.
<a href="https://www.zacks.com/stock/news/2302284/halliburton-hal-q2-earnings-on-deck-here-s-how-it-will-fare?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2302284">To read this article on Zacks.com click here.</a>

Earnings Beats

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Halliburton Q2 Earnings on Deck: Here's How It Will Fare

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Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.

Nordstrom, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jwn#NYSE">JWN</a>) has been making efforts to drive efficiency in its business and enrich customer experience. The company is making improvements in the Nordstrom Rack banner, driven by an increase in its strategic brand penetration. It is also redefining its flagship brand with a style-driven and top-quality assortment to give it a trendy look.
Nordstrom&#39;s Rack banner also remains on track to increase productivity throughout its network, reduce transportation costs and delivery times and enhance services via faster delivery. The company continues focusing on introducing more premium brands at Rack, better assortment and increased brand awareness.
Additionally, the company is making efforts to enhance customer experience through faster delivery. It delivered more than 50 basis points of improvement in variable supply-chain expense savings for the sixth straight time in the fiscal fourth quarter. This supply-chain optimization work began in early 2022 and has delivered significant customer benefits and operational efficiencies. Going ahead, JWN continues seeking additional efficiencies in flow and improved productivity through inventory-management initiatives.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/29/71443.jpg?v=1909686294" />
Image Source: Zacks Investment Research
Increased focus on distribution capabilities along with improved connectivity of physical and digital inventory are likely to contribute to Nordstrom Rack sales by roughly $2 billion in the long term. As part of the long-term strategy, Nordstrom had earlier issued a long-term outlook. It predicted revenues to grow low single-digits on an annual basis, with operating income likely to outpace revenues. EBIT margin is expected to be more than 6%, with annual operating cash flow anticipated to be more than $1 billion.
<h3>Bottlenecks to Growth</h3>
On the flip side, the wind-down of Canada operations has been hurting Nordstrom&#39;s year-over-year top-line performance to some extent. In the first quarter of fiscal 2024, total revenues of $3.3 billion included a 75-basis point adverse impact of the wind-down of Canada operations. Also, the banner&#39;s sales included a negative impact of 110 basis points owing to the same.
<h3>Final Thoughts</h3>
Nonetheless, Nordstrom is focused on three areas, winning in the most important markets, expanding the reach of Nordstrom Rack and enhancing its digital capabilities. Also, the company remains focused on the closer-to-you strategy, which aims to link stores and services to expedite deliveries, expand online offerings and add cheaper merchandise at its Rack off-price stores.
This Zacks Rank #3 (Hold) company&#39;s shares have gained 28.1% in the past three months, outperforming the industry&#39;s 7.9% growth. On a concluding note, Nordstrom is well-poised for growth on the aforesaid strengths.
<h3>Key Retail Picks</h3>
We have highlighted three better-ranked stocks, namely Abercrombie &amp; Fitch (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>), Gap (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) and Deckers (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>).
Abercrombie &amp; Fitch, a leading casual apparel retailer, currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Abercrombie &amp; Fitch&#39;s current financial-year sales indicates growth of 10.4% from the year-ago reported figure. ANF delivered an earnings surprise of 28.9% in the last reported quarter.
Gap, a leading apparel retailer, currently sports a Zacks Rank of 1. GPS delivered an average earnings surprise of 202.7% in the trailing four quarters.
The Zacks Consensus Estimate for Gap&#39;s current financial-year sales indicates growth of 0.2% from the year-ago reported figure.
Deckers, a footwear and accessories dealer, currently carries a Zacks Rank #2 (Buy). DECK delivered an average earnings surprise of 42.8% in the trailing four quarters.
The Zacks Consensus Estimate for Deckers&#39; current financial-year sales indicates growth of 11.1% from the year-ago reported figure.
<a href="https://www.zacks.com/stock/news/2302288/nordstrom-jwn-growth-moves-aid-should-you-hold-the-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2302288">To read this article on Zacks.com click here.</a>

DECK

Nordstrom Growth Moves Aid: Should You Hold the Stock?

Pepe's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) recent rally has caught the attention of traders, who call for the meme coin to hit <a href="https://www.benzinga.com/money/pepe-price-prediction">new highs soon</a>.
What Happened: Crypto trader Javon Marks <a href="https://x.com/JavonTM1/status/1813036125512208697">noted</a> that Pepe has responded with a 40% weekly candle. He predicts Pepe to have another "39% upside coming to reach those levels before a continuation above."
Another heavily followed crypto trader marked a key level to trigger momentum towards new all-time highs.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> (per request) Nice reclaim on weekly so far and now needs this ultimate breakdown reclaim to trigger a push for new ATH <a href="https://t.co/72paoUWLuT">pic.twitter.com/72paoUWLuT</a>
&mdash; Nebraskangooner (@Nebraskangooner) <a href="https://twitter.com/Nebraskangooner/status/1813235995694748016?ref_src=twsrc%5Etfw">July 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Davie Satoshi <a href="https://x.com/NFTdavie/status/1813198815278559420">analyzed</a> Pepe's technical chart, noting it has broken out of all downward channels and has entered a new phase. He highlighted the bullish momentum of the meme coin as it "regains $5 billion market cap" for the first time after early July.
Price Action: In the past 24 hours, PEPE has gained 21.8% for a 40% weekly gain.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39791586/dogecoin-shiba-inu-pepe-will-still-have-supercycle-but-2021-may-never-happen-again-muses-t">Dogecoin, Shiba Inu, Pepe Will Still Have Supercycle But &#8216;2021 May Never Happen Again,&#8217; Muses Trader</a>
Why It Matters: On-chain analytics platform Scopescan <a href="https://x.com/0xScopescan/status/1813161521498964214">noted</a> Nascent, a venture capital firm, swapping its Maker (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/mkr/usd">MKR</a>) position to Pepe and Lido DAO (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">LDO</a>). The firm deposited 1,200 MKR to Binance and withdrew 141B PEPE, 280,000 LDO and 3 million USDT.
This sparked optimism about Pepe's future price movements. With this transaction, Nascent currently holds 608.85 billion PEPE, worth $7.49 million.
IntoTheBlock data shows large transaction volumes increasing by 134% and daily active addresses growing by 52%. Transactions greater than $100,000 more than doubled from 150 as of July 14 to 353 as of July 15. &nbsp;
Pepe&#8217;s daily volume exceeded that of BNB at $3.2 billion compared to $2.1 billion, despite the latter having a market capitalization of 17x than the former. This makes Pepe the most-traded meme coin at the moment, leaving behind meme coin leaders like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) and others.
What&#8217;s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39691430/dogwifhat-pepe-will-do-what-shiba-inu-did-in-2021-and-run-to-multi-billions-predicts-trade">Dogwifhat, Pepe Will Do What Shiba Inu Did In 2021 And Run To Multi-Billions, Predicts Trader</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$LDO

$MKR

$PEPE

$SHIB

$WIF

Pepe Surges 40% In A Week, Leaves Dogecoin, Shiba Inu, Dogwifhat In The Rear View Mirror

Scotiabank analyst Greg McGinniss maintains Gaming and Leisure Props (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLPI#NASDAQ">GLPI</a>) with a Sector Perform and raises the price target from $48 to $50.

Price Target

GLPI

Scotiabank Maintains Sector Perform on Gaming and Leisure Props, Raises Price Target to $50

Have you been paying attention to shares of Agnico Eagle Mines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>)? Shares have been on the move with the stock up 16.3% over the past month. The stock hit a new 52-week high of $75.95 in the previous session. Agnico Eagle Mines has gained 36.3% since the start of the year compared to the -1.6% move for the Zacks Basic Materials sector and the 21.1% return for the Zacks Mining - Gold industry.
What&#39;s Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn&#39;t missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 25, 2024, Agnico reported EPS of $0.76 versus consensus estimate of $0.6 while it beat the consensus revenue estimate by 12.82%.
For the current fiscal year, Agnico is expected to post earnings of $3.28 per share on $7.65 billion in revenues. This represents a 47.09% change in EPS on a 15.49% change in revenues. For the next fiscal year, the company is expected to earn $3.56 per share on $7.67 billion in revenues. This represents a year-over-year change of 8.57% and 0.23%, respectively.
Valuation Metrics
Agnico may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Agnico has a Value Score of C. The stock&#39;s Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 22.8X current fiscal year EPS estimates, which is a premium to the peer industry average of 16.3X. On a trailing cash flow basis, the stock currently trades at 14.4X versus its peer group&#39;s average of 10.3X. Additionally, the stock has a PEG ratio of 0.8. This isn&#39;t enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Agnico currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Agnico meets the list of requirements. Thus, it seems as though Agnico shares could have potential in the weeks and months to come.
How Does AEM Stack Up to the Competition?
Shares of AEM have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is New Gold Inc. (AMEX:NGD). NGD has a Zacks Rank of # 1 (Strong Buy) and a Value Score of B, a Growth Score of B, and a Momentum Score of C.
Earnings were strong last quarter. New Gold Inc. beat our consensus estimate by 100%, and for the current fiscal year, NGD is expected to post earnings of $0.15 per share on revenue of $906.5 million.
Shares of New Gold Inc. have gained 22.4% over the past month, and currently trade at a forward P/E of 16.02X and a P/CF of 5.69X.
The Mining - Gold industry is in the top 11% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AEM and NGD, even beyond their own solid fundamental situation.
<a href="https://www.zacks.com/stock/news/2302374/agnico-eagle-mines-limited-aem-hit-a-52-week-high-can-the-run-continue?cid=CS-BENZ-FT-52_week_high-2302374">To read this article on Zacks.com click here.</a>

Commodities

Agnico Eagle Mines Limited Hit a 52 Week High, Can the Run Continue?

U.S. stocks traded mostly higher toward the end of trading, with the Dow Jones index surging more than 650 points on Tuesday.
The Dow traded up 1.63% to 40,865.59 while the NASDAQ fell 0.11% to 18,452.31. The S&amp;P 500 also rose, gaining, 0.37% to 5,652.28.
Check This Out: <a href="https://www.benzinga.com/news/24/07/39789748/wall-streets-most-accurate-analysts-weigh-in-on-3-industrials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields</a>
Leading and Lagging Sectors Industrials shares jumped by 2.3% on Tuesday.
In trading on Tuesday, information technology shares fell by 0.8%.
Top Headline
Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) reported better-than-expected second-quarter results.
Morgan Stanley reported second-quarter EPS of $1.82, up from $1.24 a year ago and beating the consensus of $1.65. The U.S. bank reported second-quarter sales of $15.02 billion, up 11.6% year over year, beating the consensus of $14.30 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) shares shot up 93% to $2.07 after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer&#8217;s drug.</li>
<li>Shares of Yoshitsu Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) got a boost, surging 92% to $0.5884 after the company reported a year-over-year increase in FY24 financial results.</li>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) shares were also up, gaining 25% to $7.40 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares dropped 8% to $67.39 after Loop Capital downgraded the stock from Buy to Hold.</li>
<li>Shares of The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) were down 9% to $68.55 following second-quarter results.</li>
<li>Clearmind Medicine Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMND#NASDAQ">CMND</a>) was down, falling 17% to $1.84. Clearmind Medicine announced the FDA clearance for IND application of MEAI-based CMND-100 oral capsule.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39789793/tecogen-and-3-other-stocks-under-5-insiders-are-buying">Tecogen And 3 Other Stocks Under $5 Insiders Are Buying</a>
Commodities In commodity news, oil traded down 1.3% to $80.82 while gold traded up 1.5% at $2,464.30.
Silver traded up 1.6% to $31.44 on Tuesday, while copper fell 1.7% to $4.4505.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 fell 0.28%, Germany's DAX fell 0.39% and France's CAC 40 fell 0.69%. Spain's IBEX 35 Index fell 0.47%, while London's FTSE 100 fell 0.22%.
The ZEW Indicator of Economic Sentiment for the Eurozone fell by 7.6 points to a reading of 43.7 in July, while Eurozone posted a trade surplus of EUR 13.9 billion in May versus a year-ago gap of EUR 0.4 billion.
The ZEW Indicator of Economic Sentiment for Germany fell to 41.8 in July, recording the first decline in a year. Italy reported a trade surplus of EUR 6.43 billion in May versus a year-ago surplus of EUR 4.767 billion year.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.20%, Hong Kong's Hang Seng Index falling 1.60%, China's Shanghai Composite Index gaining 0.08% and India's S&amp;P BSE Sensex gaining 0.06%.
Economics
<ul>
<li>U.S. retail sales came in flat month-over-month for June compared to a revised 0.3% gain in the previous period.</li>
<li>Import prices came in unchanged from the prior month in June, while export prices in the U.S. declined 0.5% month-over-month in June.</li>
<li>The NAHB/Wells Fargo Housing Market Index fell by one point to a reading of 42 in July, versus market estimates of 44.</li>
<li>U.S. total business inventories increased by 0.5% month-over-month in May compared to a 0.3% gain in the earlier month.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39769294/top-5-financials-stocks-that-may-collapse-this-month">Top 5 Financials Stocks That May Collapse This Month</a></li>
</ul>

Eurozone

Intraday Update

ANGO

CMND

RDDT

SCHW

SILO

Nasdaq Edges Lower; Morgan Stanley Earnings Top Views

Soma Gold reports Q2 results

Soma Gold GAAP EPS of C$0.04, revenue of C$22.78M

Soma Gold says CEO Unda to temporarily step down from helm

Soma Gold GAAP EPS of -C$0.06, revenue of C$19.4M

Soma Gold GAAP EPS of C$0.00, revenue of C$19.33M

SMAGF

Press Releases

SOMA GOLD CORP. ANNOUNCES PRESIDENT AND DIRECTOR TAKING A LEAVE OF ABSENCE

SOMA GOLD INTERSECTS 8.35 g/t Au OVER 1.0m AND REPORTS UNDERGROUND CHANNEL SAMPLING AT LA AURORA MINE, MACHUCA, ANTIOQUIA, COLOMBIA

SOMA ANNOUNCES GOLD PRODUCTION FOR Q1 2024 OF 7,335 AUEQ, AN 8% INCREASE FROM 2023

SOMA GOLD REPORTS YEAR-END FINANCIAL RESULTS AND OPERATING HIGHLIGHTS

SOMA GOLD AMENDS GOLD LOAN WITH SUN VALLEY GROUP TO INCREASE 2024 EXPLORATION BUDGET

SOMA GOLD REPORTS FIRST-QUARTER FINANCIAL RESULTS AND OPERATING HIGHLIGHTS

SOMA GOLD CORP. ANNOUNCES Q2 GOLD PRODUCTION AND BLOCKADE AT THE CORDERO MINE AND EL BAGRE GOLD COMPLEX

SOMA GOLD ANNOUNCES SUCCESSFUL RESOLUTION AND THE LIFTING OF THE BLOCKADE AT THE CORDERO MINE AND EL BAGRE GOLD COMPLEX

SOMA GOLD CORP. INTERSECTS 31.4 g/t Au OVER 3.7m, INCLUDING 189.2 g/t Au OVER 0.6m IN LEVEL 1 EXPLORATION DRILLING AT THE CORDERO MINE, EL BAGRE, ANTIOQUIA, COLOMBIA

TSX:ARIS

TSXV:SOMA

Soma Gold

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Latest news for Soma Gold (OTC:SMAGF) Stock