Alamos Gold Inc. ( NSE:AGI ) has unveiled its plans for the friendly acquisition of Argonaut Gold Inc. (TSX: NYSE:AR ), heralding a new era of growth and profitability for both companies. The strategic move, characterized by a court-approved plan of arrangement, marks a pivotal moment in the evolution of Alamos Gold, propelling it towards the zenith of the...
In a strategic move to fortify its position in the competitive crypto mining industry, Canaan, ( NASDAQ:CAN ) a prominent mining rig manufacturer listed on Nasdaq, has successfully raised over $50 million through preferred shares financing. The company aims to utilize the funds to enhance its research and development capabilities, expand production scale, and...
Canaan stock has been in a downtrend since 2021.
Canaan is one of the top Bitcoin Mining Companies.
The price is approaching our buy zone. We expect one more drop and next the accumulation phase before the explosive move up.
If we see one more drop, probably RSI on the weekly timeframe will be even more oversold.
In our opinion this stock is very undervalued...
Loading up on these Bitcoin Miners, think they will outperform most and they looked bottomed, should give you a good 10x-20x and get over ATH's by the time this is over.
Net revenue in Q4 increased by more than 5,700%;
Gross profit of $233 million VS last year's profit of $1.4 million;
Full year net revenue of $783 million VS $70 million for 2020;
Net income $314 million VS $34 million loss the year prior;
CAN Canaan 8.87 P/E Ratio (TTM).
Based on financials and technical analysis, i think $7.25 and $10.10 are possible targets.
