Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Scarlet Food here with Paul Sweeney and we're joined
Speaker 3: by our very own Christina Quino and Christine. Let's start
Speaker 3: with some gold miners.
Speaker 1: Yeah, let's talk about Newmont Chalie so Numant ticker n EM.
Speaker 1: Those shares up just about one percent at the moment,
Speaker 1: so increasing some of those earlier gains we saw at
Speaker 1: the open, and that is because we did get news
Speaker 1: of its latest steps to exit the Canadian market. So
Speaker 1: the latest is that a Nuance sold a stake of
Speaker 1: thirteen point three percent in Orla Mining, which is a
Speaker 1: Canadian mineral exploration company. Last week we did get the
Speaker 1: announcement that they're also going to sell its coffee project
Speaker 1: in the Yukon to fore To Metals Corporation for about
Speaker 1: one hundred fifty million dollars. So this is all part
Speaker 1: and parcel of the company's exit from the Canadian markets.
Speaker 1: They did say that they're going to take their stock
Speaker 1: off the Canadian stock Exchange by the end of a
Speaker 1: training day on September twenty fourth, so later this week.
Speaker 1: And that's because they just the trading volumes to law,
Speaker 1: according to Newmont, and they need to reduce costs and
Speaker 1: that's the best way that they came up with to
Speaker 1: do that. But they will still trade on the New
Speaker 1: York Stock Exchange. Compass, that's an M and A deal
Speaker 1: out there, absolutely, Paul and shareholders not liking it. So
Speaker 1: Compass uh ticker COOMP shares are down, extending those declines
Speaker 1: now more than nine percent at the moment.
Speaker 3: It's a real estate company.
Speaker 1: It is a real estate company. Yeah, there you go.
Speaker 1: Declines is hit ten percent, and that is because we
Speaker 1: did get an M and A deal out of that
Speaker 1: that space, So Compass agreeing to buy Anywhere real estate.
Speaker 1: So this is a one and a half billion stock deal,
Speaker 1: and in theory it should summon Compass this status is
Speaker 1: the largest residential brokerage in the US right because the
Speaker 1: purchase of Anywhere gives them access to some markets that
Speaker 1: they're not necessarily dominating in. So the consolidation is helping
Speaker 1: with that. The transaction values Anywhere at thirteen oh one
Speaker 1: per share, which is eighty four percent more than its
Speaker 1: closing price on September nineteen. This is probably why we're
Speaker 1: getting shares declining today because I suspect that people are
Speaker 1: thinking they probably overvalued the share price for anywhere, because
Speaker 1: anywhere shares are rising at the moment.
Speaker 3: All right, Yeah, Plus, we'll keep an eye on that one.
Speaker 3: And finally, Coinbase, which is really moving in tandem with
Speaker 3: the other crypto.
Speaker 1: Stocks, absolutely scarlats. So we are seeing crypto down more
Speaker 1: than two percent a bitcoin, which is the lowest in
Speaker 1: a week and a half, and so ticker coin Base
Speaker 1: COI and following suit in shares down nearly three percent
Speaker 1: at the moment. So some good news from its Cardless
Speaker 1: partner raising six hundred million fresh funds, but that's just
Speaker 1: not doing enough for the.
Speaker 2: Crypto The Stockmovers report from Bloomberg Radio. Check back with
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