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ABML

American Battery Technology has upgraded its lithium resource and indicated resource classifications for its Tonopah Flats Lithium Project, which is a positive step in advancing the development of the project and accelerating the commercialization of the domestic lithium supply chain.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:18 pm

AEM

AGI

ORMFF

Alamos Gold (NYSE:AGI) has agreed to acquire Orford Mining Corporation (ORMFF) in a $16-million deal, obtaining all issued and outstanding shares of Orford. The acquisition is part of Alamos Gold's strategy to expand its pipeline of high-quality, long-term projects in favorable jurisdictions. Orford shareholders will receive 0.005588 Alamos shares per Orford share, equating to C$0.10 per share. Alamos will issue approximately 0.9 million shares. The deal highlights the Qiqavik Gold project's potential, along with other projects like West Raglan and Joutel Properties, and the Nunavik Lithium site. Orford's shareholders are offered a 134% premium based on the 20-day volume-weighted average price of Orford shares.

Portfolio Pulse from Stjepan Kalinic

January 18, 2024 | 2:04 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has significantly outperformed the market with an average annual return of 74.59% over the past 5 years. A $100 investment in ENPH 5 years ago would be worth $1,622 today. The company's market capitalization currently stands at $14.60 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 2:00 pm

LFMD

LifeMD (NASDAQ:LFMD) has significantly outperformed the market, with an average annual return of 51.27% over the past 5 years. An initial investment of $100 in LFMD stock would now be worth $792. The company currently has a market cap of $232.87 million.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 2:00 pm

LMFA

LM Funding America, Inc. (NASDAQ:LMFA) reported its preliminary, unaudited Bitcoin mining results for Q4 and the full year of 2023. In Q4, LMFA mined 108.0 Bitcoin and sold 103.0 Bitcoin, generating about $3.4 million. Throughout 2023, the company mined a total of 423.4 Bitcoin and sold 385.0 Bitcoin. As of December 31, 2023, LMFA held 95.1 Bitcoin valued at approximately $4.0 million. The company is preparing for the Bitcoin halving event expected in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:40 pm

STWD

Starwood Capital Group has announced the launch of Starwood Digital Ventures, a new platform to manage its U.S. and European data center investment strategy, which currently encompasses $8 billion in assets. Additionally, Starwood Capital has formed a strategic alliance with Worldwide Mission Critical to support its expected growth in this sector.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:35 pm

XOMA

XOMA Corporation (NASDAQ:XOMA) has expanded its royalty and milestone portfolio by acquiring an economic interest in DSUVIA from Talphera, Inc. for $8 million. XOMA will receive a 15% royalty on commercial sales, a significant portion of the 75% royalty from U.S. Department of Defense purchases, and at least 50% of potential $116.5 million in milestone payments. DSUVIA is a pain management drug approved by the FDA and recently divested to Alora Pharmaceuticals. XOMA's investment is part of its strategy to acquire royalty economics with attractive risk/reward profiles.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:32 pm

SPY

USA Housing Starts for December were reported at 1.460 million, exceeding the estimate of 1.426 million but lower than the previous month's figure of 1.525 million.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:30 pm

SPY

The number of building permits issued in December was 1.495 million, exceeding the estimate of 1.48 million. This indicates a potential increase in future construction activity, which could have implications for the housing market and related sectors.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:30 pm

SO

Southern (NYSE:SO) has seen a 14.29% decrease in short interest, now at 12.39 million shares or 1.14% of float, taking 3.6 days to cover. This decline may indicate a more bullish sentiment among investors. Southern's short interest is below its peer group average of 2.67%, suggesting better performance against its peers.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 1:00 pm