Fuse Cobalt Inc
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Materials : Metals & Mining | Small Cap Value
Based in Canada
Company profile

Fuse Cobalt Inc., formerly LiCo Energy Metals Inc, is a Canada-based company engaged in the exploration and development of minerals used in the production of lithium-ion batteries. The Company’s projects include Glencore Bucke Property, Teledyne Cobalt Project and Black Rock Desert Exploration Project. The Glencore Bucke Property is located in the Bucke Township and consists of approximately 16.2 hectares and sits the west boundary of Company’s Teledyne Cobalt Project. The Teledyne Cobalt Project is located at Ontario and covers an area of over 554.6 hectares and consists of over 11 claims. The Black Rock Desert Exploration Project is located in the United States, which covers an area of over 3,980 acres/ 1,610 hectares and consists of approximately 199 placer claims.

Closing Price
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-0.0015 (-2.49%)
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Pinterest stock surges 25% after upbeat forecast, huge beat on user growth

7:45 am ET July 31, 2020 (MarketWatch)

Shares of Pinterest Inc. (PINS) are up 25% in premarket trading Friday after the photo platform easily topped expectations and gave an upbeat forecast for the third quarter. The company posted a net loss of $100.7 million, or 17 cents a share, compared with a loss of $1.16 billion, or $2.62 a share, in the year-earlier quarter. On an adjusted basis, Pinterest lost 7 cents a share, compared with 6 cents a share in the year-prior period. The FactSet consensus was for a 14-cent per share adjusted loss. Revenue rose to $272.49 million from $261.25 million, while analysts surveyed by FactSet had been expecting $250 million. The company said that it expects revenue for July to be up around 50% through July 29, relative to a year earlier, and that overall third-quarter revenue could be up in the mid-30% range. "We are encouraged by the performance of our business in July, but a tremendous amount of uncertainty remains given the ongoing COVID-19 pandemic and other factors," Pinterest said in its release. The company saw monthly active users in the June quarter climb to 416 million from 367 million in the March quarter. That number far exceeded the FactSet consensus, which was looking for 379 million monthly active users for the June period. The company had 96 million monthly active users in the U.S. and 321 million internationally. Global average revenue per user fell to 70 cents from 88 cents for the quarter, but came in ahead of estimates for 67 cents. Pinterest shares have gained 22% over the past three months as the S&P 500 has risen 11%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 31, 2020 07:45 ET (11:45 GMT)

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