GAITHERSBURG, Md., July 19, 2017 (GLOBE NEWSWIRE) — OpGen, Inc. (Nasdaq:OPGN) announces the closing of its previously announced public offering of 18,164,195 units at $0.40 per unit, and 6,835,805 pre-funded units at $0.39 per pre-funded unit, raising gross proceeds of approximately $10 million. The Company intends to use the net proceeds of this offering for general corporate purposes, including working capital and product development, particularly development of its rapid antibiotic resistance diagnostic product, and repayment of all outstanding bridge financing notes. H.C. Wainwright & Co., LLC acted as the exclusive placement ag...
When the Bank of Canada announced its rate hike on July 12th, many analysts started to ring alarm bells about its impact on the highly indebted Canadian consumer. Articles appeared showing the impact on mortgage and other consumer carrying costs, raising the spectre of a major correction in housing prices. While the policy rate increase was a mere 25pbs, from 50bps to 75bps, some analysts stated it was just the beginning of a tightening cycle as the credit markets return to “normal”. Too much is made of the impact of the rate hike and the prospects of a steady tightening cycle. Quoting Shakespeare,” the lady doth protest too much, met...
Exponent, Inc. (EXPO), a global science and engineering consulting company yesterday reported their fiscal second quarter 2017 financial results. Exponent reported second quarter profits of $13.8 million. Exponent reported second quarter earnings of $0.51 per share. Exponent reported second quarter revenues of $87.8 million. Exponent, Inc. CEO’s Comments “Exponent’s second quarter results exceeded our prior outlook. Our performance was driven by strength in our biomedical, construction consulting, electrical engineering, human factors and polymer science practices. Exponent continued to benefit from a large human factor...
Today Gold Resource Corp (NYSE: GORO) released its 2Q 2017 production results. The company produced the following amounts of metals: Gold: 5,696 ounces Silver: 397,670 ounces Copper: 294 tonnes Lead: 1,207 tonnes Zinc: 4,176 tonnes Now, assuming the following, average metal prices recorded in 2Q 2017: Gold: $1,258 per ounce Silver: $17.21 per ounce Copper: $5,662 per tonne Lead: $2,161 per tonne Zinc: $2,596 per tonne the metals produced in 2Q 2017 were worth: source: Simple Digressions Or, look at another chart: source: Simple Digressions As the chart shows, the value of base metals produced in 2Q 2017 was higher than the...
Ticker Last High Low Daily Change (pip) Daily Range (pip) USD/JPY 111.73 112.23 111.56 34 67 USD/JPY stands at risk for further losses as it extends the series of lower-highs carried over from the previous week, while U.S. Treasury yields remain under pressure and give back the rebound from June. With Fed Fund Futures still highlighting a 50/50 chance for a December rate-hike, it seems as though the recent remarks from Fed Chair Janet Yellen have tamed market expectations as the central bank head argues the benchmark interest rate ‘would not have to rise all that much further to get to a neutral policy stance.’ In turn, USD/JPY may exhi...
“We’re already in a trade war with China. The problem is we’ve not been fighting back.” – Peter Navarro “The battle for Helm’s Deep is over. The battle for Middle Earth is about to begin.” – Gandalf the White Image: Wikimedia Commons This letter should find you buckled in for the turbulence I described last week. If not, I hope this one convinces you. The storm is seven days closer now. There are times when normality slips out of reach, and I believe we are approaching such a time. I have lived through recessions and bear markets; I know what they look like. I wish I could forget what they feel like. They don’t come out...
Listen, one thing you need to understand about BofAML is that they really like to conduct surveys. So does Citi. Unfortunately, when BofAML releases the results of their surveys, they don’t include fun recipes for “Grandma’s whiskey cornflake cookies” (big shoutout to Laura’s grandma) like Citi does. Whiskey cookies or no whiskey cookies, BofAML’s fund manager polls are worth keeping track of, if for no other reason than to observe the extent to which allocators are still piling into the very assets they claim are overvalued. But wait! Things changed this month – because while 38% of fund managers told BofAML that “long Nasd...
In various earlier columns, I have discussed the significance of the head-and-shoulders pattern as a signal that a stock, commodity or what not is ready to reverse direction. The blue parabolas in this five-year chart of West Texas Intermediate oil prices suggest quite strongly that this commodity hit rock bottom 18 months ago. If this is true, the rising commodity price will mean a rapidly recovering energy sector. As I have suggested a few times in recent months, that process has already begun. My most recent call was Suncor, the largest energy company in Canada. My thesis was essentially that the stock is ready to recover from collapse aft...
Industrial goods manufacturer General Electric Company (GE – Free Report) is scheduled to report second-quarter 2017 results before the opening bell on Jul 21. In the last reported quarter, the company’s operating earnings beat the Zacks Consensus Estimate by 4 cents. Over the trailing four quarters, General Electric reported an average positive earnings surprise of 9.4%, beating estimates thrice and matching them once. Let’s see how things are shaping up for this announcement. Key Factors in the Quarter With a reshuffle in its top management, General Electric is aiming to focus on its core industrial operations after completing...
The US dollar continues to move down this year with the Euro continuing to show strength. Axel Merk, President and CIO of Merk Investments shares his thoughts on what is driving these moves. We also discuss the recent moves by the Bank Of Canada which is driving the Canadian Dollar higher. Audio Length: 00:10:48...