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Max Resource Announces Initial Public Offering for Australian Subsidiary
Newsfile· 2025-01-10 01:35
Core Viewpoint - Max Resource Corp. announces that its subsidiary, Max Iron Brazil Ltd., plans to conduct an initial public offering (IPO) to raise between AUD$6 million and AUD$10 million by offering 30 million to 50 million ordinary shares at AUD$0.20 each, while maintaining a controlling stake in Max Brazil [1][3][4]. Group 1: Offering Details - Max Brazil intends to offer a minimum of 30,000,000 ordinary shares at AUD$0.20 each, aiming for gross proceeds of AUD$6,000,000, with a maximum of 50,000,000 shares for AUD$10,000,000 [1]. - The net proceeds from the offering will be allocated to advancing the Florália DSO Hematite Project and for general working capital [4]. - The offering is subject to corporate and regulatory approvals, including shareholder approval at the upcoming Annual General and Special Meeting on February 26, 2025 [5]. Group 2: Listing and Regulatory Aspects - Max Brazil has applied for in-principle advice from ASX regarding its suitability for listing, but has not yet received confirmation [3]. - Subject to ASX approval, Max Brazil plans to lodge a Prospectus with the Australian Securities and Investments Commission in Q1 of 2025 [4]. Group 3: Financial Obligations - Max Brazil is required to reimburse Max Resource Corp. for costs incurred to date under a loan agreement and make remaining payments of USD $700,000 to Jaguar Mining Inc. [2]. Group 4: Project Overview - The Florália DSO Hematite Project, located 67 km east of Belo Horizonte, has seen an expansion of its geological target from 8-12 million tonnes at 58% Fe to 50-70 million tonnes at 55%-61% Fe, with an additional target of 130-170 million tonnes at 51%-55% Fe [9][10]. - The project has commenced inaugural drill programs, including approximately 1,200 meters of diamond drilling and 800 meters using a mobile power auger rig [10]. Group 5: Company Background - Max Resource Corp. operates the Sierra Azul Project in Colombia, which is part of the world's largest copper belt and has an Earn-In Agreement with Freeport-McMoRan Exploration Corporation [8]. - The exploration program for the Sierra Azul Project is funded by Freeport, amounting to USD $4.2 million for 2024 [8].
Wall Street Analysts Predict a 104.48% Upside in MediaAlpha (MAX): Here's What You Should Know
ZACKS· 2025-01-03 16:10
MediaAlpha, Inc. (MAX) closed the last trading session at $11.39, gaining 0.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.29 indicates a 104.5% upside potential.The average comprises seven short-term price targets ranging from a low of $13 to a high of $30, with a standard deviation of $5.59. While the lowest estimate indicates an increase of 14.1% from the current price l ...
MAX Power Identifies Multiple Natural Hydrogen “Fairways” In Saskatchewan, Gears Up For Drilling
GlobeNewswire News Room· 2024-12-24 13:00
VANCOUVER, British Columbia, Dec. 24, 2024 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) is pleased to provide the following corporate update as the Company closes out 2024 with a rapidly growing pipeline of Canada’s premier Natural Hydrogen targets in Saskatchewan approaching the drill-ready stage. Highlights: Large hydrogen anomalies, many associated with faults, have been identified through a MAX Power regional geochemical soil gas surve ...
RE/MAX HOLDINGS LAUNCHES THE RE/MAX MEDIA NETWORK, THE FIRST IN REAL ESTATE
Prnewswire· 2024-12-18 13:35
Advertisers and strategic partners can now reach previously untapped homebuying and selling audiences with digital and offline initiatives spanning mobile, desktop, email, social media, and experiential.DENVER, Dec. 18, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., has announced a groundbreaking initiati ...
RE/MAX NATIONAL HOUSING REPORT FOR NOVEMBER 2024
Prnewswire· 2024-12-16 21:12
Core Insights - November home sales increased by 6.3% year-over-year, marking the seventh month in 2024 to surpass 2023 figures, although there was an 11.6% decline from October due to seasonal slowdown [1][6] - Inventory levels rose by 25.0% year-over-year but fell by 4.3% from October, indicating a mixed market response [2][17] - The median sales price reached $429,000, up 5.7% from November 2023 but down 0.2% from October 2024, reflecting price stabilization [2][12] Sales and Inventory Trends - New listings were up 8.5% year-over-year but down 23.5% month-over-month, with notable increases in Phoenix (+29.8%), Las Vegas (+27.7%), and Honolulu (+26.6%) [2][4] - Closed transactions saw a 6.3% increase year-over-year, with significant growth in Bozeman (+45.8%), Coeur d'Alene (+27.9%), and Portland (+26.9%), while Miami experienced a decline of 13.0% [6][12] - The average days on market increased to 47 days, up from 40 days in November 2023, indicating a slower sales pace [7][14] Market Dynamics - The months' supply of inventory rose to 2.9, up from 2.6 in both November 2023 and October 2024, suggesting a more balanced market [7][17] - Buyers paid an average of 99% of the asking price, consistent with previous years, indicating stable buyer sentiment [7][12] - Sellers are offering concessions, creating opportunities for negotiation in a market where inventory is taking longer to sell [4][6] Regional Highlights - The Nashville market mirrored national trends with year-over-year increases but month-over-month declines in sales and inventory [3] - Markets with the highest days on market included Bozeman (78 days) and Coeur d'Alene (77 days), while Baltimore had the lowest at 15 days [14][15] - The highest close-to-list price ratios were observed in Hartford (102.8%) and San Francisco (102.5%), indicating competitive bidding in those areas [12][13]
MediaAlpha (MAX) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2024-12-16 18:01
MediaAlpha, Inc. (MAX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following year ...
The Law Offices of Frank R. Cruz Continues Investigation of MediaAlpha, Inc. (MAX) on Behalf of Investors
GlobeNewswire News Room· 2024-12-04 17:00
Core Viewpoint - MediaAlpha, Inc. is under investigation for potential violations of federal securities laws, following a letter from the FTC indicating plans to file a complaint against the company [1][3]. Group 1: Investigation Details - The Law Offices of Frank R. Cruz are investigating MediaAlpha on behalf of investors regarding possible federal securities law violations [1]. - The FTC staff has claimed that MediaAlpha misrepresented its affiliation with government entities and made misleading claims about health insurance products and consumer data usage [3]. Group 2: Market Impact - Following the FTC's announcement, MediaAlpha's stock price dropped by $4.46, or 27.7%, closing at $11.62 per share on November 5, 2024, resulting in significant losses for investors [3].
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of MediaAlpha, Inc. (MAX) on Behalf of Investors
GlobeNewswire News Room· 2024-12-03 17:00
LOS ANGELES, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of MediaAlpha, Inc. (“MediaAlpha” or the “Company”) (NYSE: MAX) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your MediaAlpha investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your co ...
MAX Power Closes $1.2 Million Private Placement
GlobeNewswire News Room· 2024-12-02 22:35
Core Viewpoint - MAX Power Mining Corp. has successfully closed a non-brokered private placement, raising a total of $1,200,000 by issuing 6,000,000 units at a price of $0.20 per unit [1][2]. Private Placement Details - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant exercisable at $0.30 for 24 months [2]. - The offering was made to residents in Canadian provinces, excluding Quebec, under the listed issuer financing exemption [5]. Acceleration Clause - The company may accelerate the expiry of the warrants if the closing price of its common shares exceeds C$0.45 for 10 consecutive trading days, with a notice period of 30 days following the triggering event [3]. Use of Proceeds - The net proceeds from the financing will be allocated for exploration, evaluation, potential property acquisitions, general administrative expenses, marketing, investor relations, and working capital [4]. Additional Financial Details - The company paid finder's fees totaling $24,710 in cash and issued 123,550 finder warrants, also exercisable at $0.30 for 24 months [7]. - A total of 700,000 stock options were granted to a director and a consultant, with exercise prices of $0.25 and $0.35, expiring in three years [9]. Company Overview - MAX Power is focused on mineral exploration, particularly in the Natural Hydrogen sector, and has strategic alliances with engineering firms to support its initiatives [10].
INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of MediaAlpha, Inc. (MAX) on Behalf of Investors
GlobeNewswire News Room· 2024-12-02 17:29
BENSALEM, Pa., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith continues its investigation on behalf of MediaAlpha, Inc. (“MediaAlpha” or the “Company”) (NYSE: MAX) investors concerning the Company’s possible violations of federal securities laws. On November 4, 2024, MediaAlpha disclosed that it had received a letter from the Federal Trade Commission (“FTC”) staff stating that the FTC Staff is “prepared to recommend the filing of a complaint against the Company,” claiming that MediaAlpha f ...