WEBVTT - Newmont Rises, Compass Falls, Coinbase Drops After Raising Venture Funds

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Scarlet Food here with Paul Sweeney and we're joined

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<v Speaker 3>by our very own Christina Quino and Christine. Let's start

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<v Speaker 3>with some gold miners.

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<v Speaker 1>Yeah, let's talk about Newmont Chalie so Numant ticker n EM.

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<v Speaker 1>Those shares up just about one percent at the moment,

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<v Speaker 1>so increasing some of those earlier gains we saw at

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<v Speaker 1>the open, and that is because we did get news

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<v Speaker 1>of its latest steps to exit the Canadian market. So

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<v Speaker 1>the latest is that a Nuance sold a stake of

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<v Speaker 1>thirteen point three percent in Orla Mining, which is a

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<v Speaker 1>Canadian mineral exploration company. Last week we did get the

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<v Speaker 1>announcement that they're also going to sell its coffee project

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<v Speaker 1>in the Yukon to fore To Metals Corporation for about

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<v Speaker 1>one hundred fifty million dollars. So this is all part

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<v Speaker 1>and parcel of the company's exit from the Canadian markets.

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<v Speaker 1>They did say that they're going to take their stock

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<v Speaker 1>off the Canadian stock Exchange by the end of a

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<v Speaker 1>training day on September twenty fourth, so later this week.

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<v Speaker 1>And that's because they just the trading volumes to law,

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<v Speaker 1>according to Newmont, and they need to reduce costs and

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<v Speaker 1>that's the best way that they came up with to

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<v Speaker 1>do that. But they will still trade on the New

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<v Speaker 1>York Stock Exchange. Compass, that's an M and A deal

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<v Speaker 1>out there, absolutely, Paul and shareholders not liking it. So

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<v Speaker 1>Compass uh ticker COOMP shares are down, extending those declines

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<v Speaker 1>now more than nine percent at the moment.

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<v Speaker 3>It's a real estate company.

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<v Speaker 1>It is a real estate company. Yeah, there you go.

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<v Speaker 1>Declines is hit ten percent, and that is because we

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<v Speaker 1>did get an M and A deal out of that

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<v Speaker 1>that space, So Compass agreeing to buy Anywhere real estate.

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<v Speaker 1>So this is a one and a half billion stock deal,

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<v Speaker 1>and in theory it should summon Compass this status is

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<v Speaker 1>the largest residential brokerage in the US right because the

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<v Speaker 1>purchase of Anywhere gives them access to some markets that

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<v Speaker 1>they're not necessarily dominating in. So the consolidation is helping

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<v Speaker 1>with that. The transaction values Anywhere at thirteen oh one

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<v Speaker 1>per share, which is eighty four percent more than its

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<v Speaker 1>closing price on September nineteen. This is probably why we're

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<v Speaker 1>getting shares declining today because I suspect that people are

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<v Speaker 1>thinking they probably overvalued the share price for anywhere, because

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<v Speaker 1>anywhere shares are rising at the moment.

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<v Speaker 3>All right, Yeah, Plus, we'll keep an eye on that one.

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<v Speaker 3>And finally, Coinbase, which is really moving in tandem with

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<v Speaker 3>the other crypto.

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<v Speaker 1>Stocks, absolutely scarlats. So we are seeing crypto down more

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<v Speaker 1>than two percent a bitcoin, which is the lowest in

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<v Speaker 1>a week and a half, and so ticker coin Base

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<v Speaker 1>COI and following suit in shares down nearly three percent

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<v Speaker 1>at the moment. So some good news from its Cardless

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<v Speaker 1>partner raising six hundred million fresh funds, but that's just

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<v Speaker 1>not doing enough for the.

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<v Speaker 2>Crypto The Stockmovers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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