Shares of Apnimed rose 8% Tuesday after BofA Securities initiated coverage of the company with a Buy rating and a $41 price target.
The rating is based on a risk-adjusted discounted cash flow analysis of Oxnimbi (AD109), Apnimed's sole asset and an oral therapy for obstructive sleep apnea (OSA).
Bank of Nova Scotia (TSX:BNS) reported record quarterly earnings, beating analyst estimates as its capital markets unit posted stronger-than-expected results amid elevated market volatility.
Adjusted earnings per share came in at $2.28, ahead of the roughly $2.10 analysts had expected. Net income rose to $2.95 billion from $2.53 billion a year earlier, while revenue of $10.54 billion also beat forecasts. Adjusted return on equity was 14.2%.
Nine Mile Metals Ltd. (CSE:NINE, OTCID:VMSXF, FRA:KQ9) reported assay results from its Wedge Mine in the Bathurst Mining Camp, New Brunswick, intersecting two distinct volcanogenic massive sulphide zones carrying copper, lead, zinc, silver and gold.
The hole, collared in the southwest corner of the company's drill pattern at a depth of 224 metres, intersected an upper zone of 9.85 metres from 80.15 to 90 metres and a lower zone of 33 metres from 105 to 138 metres, for combined mineralization of 42.85 metres.
1911 Gold Corp (TSX-V:AUMB, OTCQB:AUMBF, FRA:2KY) has reported new high-grade gold intercepts from drilling at the San Antonio West (SAM W) target at its wholly owned True North Gold Project in southeastern Manitoba.
The company reported results from eight surface diamond drill holes totaling 2,980 metres. Highlights included 11.31 grams per tonne gold over 1.70 metres, including 16.20 g/t over 0.80 metres, from hole TN-26-073. Hole TN-26-089 returned 5.72 g/t gold over 3.00 metres, including 9.65 g/t over 1.10 metres, while TN-26-082 intersected 6.79 g/t over 2.40 metres, including 7.98 g/t over 1.40 metres. TN-26-097 returned 11.80 g/t over 0.50 metres.
American Resources Corp (NASDAQ:AREC) announced that, through its strategic minority holding in ReElement Technologies, it will participate in two industry conferences this week focused on domestic critical mineral supply chains, industrial capacity and international investment.
Representatives of American Resources and ReElement will attend the Defense Industrial Base Accelerator 2026 (DIBX 2026), taking place August 25-27 in Philadelphia. Sponsored by the Office of the Assistant Secretary of War for Industrial Base Policy, the event brings together government officials, industry leaders and investors to discuss challenges facing the US Defense Industrial Base and opportunities to strengthen domestic industrial capacity.
374Water Inc (NASDAQ:SCWO, FRA:8LL) said it has finished three phases of its mobile AirSCWO deployment in St. Cloud, Minnesota, treating three biosolids feedstocks, and has begun a fourth campaign phase.
The cleantech company, which uses supercritical water oxidation technology to destroy PFAS and other organic waste streams, is carrying out the work under a $600,000 Waste Destruction Services contract with the City of St Cloud. The project, run with Barr Engineering at St. Cloud's water recovery facility, is part of Minnesota's AirSCWO evaluation, backed by state resource and trust funds.
Shares of Generate Biomedicines Inc (NASDAQ:GENB) jumped more than 20% on Tuesday as investors positioned ahead of the expiration of the company's post-IPO lock-up period.
The lock-up, which ends Wednesday, will free company insiders, early investors and major shareholders to sell shares issued as part of Generate's $400 million initial public offering earlier this year, which included 25 million shares.
Dick's Sporting Goods (NYSE:DKS) shares plunged more than 27% on Tuesday after the retailer's second-quarter results missed profit estimates, as weakness at its Foot Locker unit offset solid growth at its namesake stores and pushed the company to cut its full-year outlook.
Adjusted earnings per share came in at $3.53, below the Street's $3.76 estimate. Pretax margin of 7.9% and SG&A of 25.5% of sales also missed consensus of 8.1% and 25.0%, respectively, even as gross margin of 34.1% topped the Street's 33.8% forecast.
BSF Enterprise PLC (LSE:BSFA, OTC:BSFAF) lost ground on Tuesday after a debt conversion sparked equity dilution concerns across its shareholder base.