NA Proactive news snapshot: WeedMD, Endeavour Mining, Newrange Gold, American Battery Metals, Power REIT UPDATE … – Proactive Investors USA

WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) offers a unique medical cannabis strategy that has secured preferred access to aroud 350,000 patients while sharing in the upside potential of the Canadian adult-use market. That’s the view of broker Canaccord, which has started covering the stock with a ‘Speculative Buy’ stance and a C$0.60 price target (current price C$0.37).

Canaccord Genuity reiterated its ‘Buy’ and C$48 price target on Endeavour Mining Corporation based on the company’s profitable 4Q 2020 results. The company also generated US$553 million in revenue, driven by record gold production from its West African operations. “Our BUY rating is based on Endeavour’s solid production profile, deep project pipeline, and strong FCF coupled with an attractive valuation at 0.5x NAV vs. senior peer average of 0.9x (based on the current forward curve),” analysts wrote. Endeavour’s stock recently traded around $24.75 a share in Toronto and around $19.78 a share in New York.  

Noble Capital Markets has issued a note on Newrange Gold Corp, repeating an ‘Outperform’ on the shares a day after the company announced it had successfully expanded the Induced Polarization (IP) survey on the Pamlico Project in Nevada. Newrange reported that the new survey comprised 56.35-line kilometers, bringing the total to more than 76.5-line kilometers to cover the entire property. 

American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company (ABTC), said it has made progress over the past month on the development of its lithium-ion battery recycling pilot plant facility in Fernley, Nevada. The company said it continues to advance the scaling and commercializing of its recycling process after finishing the detailed design of its integrated lithium-ion battery recycling processing train over a year ago.

Power REIT (NYSEAMERICAN:PW) saw its 4Q revenue climb 121% year-over-year to $1.4 million as accretive acquisitions

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