Latest news with #microcap
Yahoo
18 hours ago
- Business
- Yahoo
Royce Micro-Cap Trust (NYSE: RMT) as of Jun 30, 2025
Average weekly trading volume of approximately 589,245 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience NEW YORK, July 30, 2025 /PRNewswire/ -- CLOSING PRICES AS OF 06/30/25NAV 10.56 MKT 9.25 AVERAGE ANNUAL TOTAL RETURN AS OF 06/30/25 NAV (%) MKT (%) One-Month* 8.32 7.89 Year to Date* 0.33 -1.03 One-Year 8.64 9.34 Three-Year 13.24 12.87 Five-Year 13.38 14.30 10-Year 9.25 9.50 *Not Annualized Important Performance and Expense Information All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results Current performance may be higher or lower than performance quoted. Returns as of the recent month-end may be obtained at The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold. The Fund normally invests in micro-cap companies, which may involve considerably more risk than investing in larger-cap companies. The Fund's broadly diversified portfolio does not ensure a profit or guarantee against loss. PORTFOLIO DIAGNOSTICSAverage Market Cap1 $740.7M Weighted Average P/B2 1.8x Net Assets $555.3M Net Leverage 3.4 % 1Geometric Average: This weighted calculation uses each portfolio holding's market cap in a way designed to not skew the effect of very large orsmall holdings; instead, it aims to better identify the portfolio's center, which Royce believes offers a more accurate measure of average market capthan a simple mean or median.2Harmonic Average: This weighted calculation evaluates a portfolio as if it were a single stock and measures it overall. It compares the total market value of the portfolio to the portfolio's share in the earnings of its underlying Price-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per leverage is the percentage, in excess of 100 %, of the total value of equity type investments, divided by net assets. Portfolio Composition TOP 10 POSITIONS % OF NET ASSETS (SUBJECT TOCHANGE) Magnite 1.3 Bel Fuse 1.3 Sprott 1.3 American Superconductor 1.2 Universal Technical Institute 1.2 Graham Corporation 1.2 Sandstorm Gold 1.2 Lindsay Corporation 1.2 Clearfield 1.1 Nova 1.1 TOP FIVE SECTORS % OF NET ASSETS (SUBJECT TO CHANGE) Industrials 28.3 Information Technology 21.1 Financials 17.5 Health Care 10.6 Consumer Discretionary 9.8 Recent DevelopmentsRoyce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of $1 billion or less. Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at An investor in Royce Micro-Cap Trust should consider the Fund's investment goals, risks, fees, and expenses carefully before investing. Important Disclosure InformationClosed-End Funds are registered investment companies whose shares of common stock may trade at a discount to their net asset value. Shares of each Fund's common stock are also subject to the market risks of investing in the underlying portfolio securities held by the Fund. Royce Fund Services, LLC. ("RFS") is a member of FINRA and has filed this material with FINRA on behalf of each Fund. RFS does not serve as a distributor or as an underwriter to the closed-end funds. View original content: SOURCE Royce Micro-Cap Trust, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

News.com.au
4 days ago
- Business
- News.com.au
MoneyTalks: Why Cygnet Capital is backing Heavy Rare Earths and critical minerals
MoneyTalks is Stockhead's drill down into what stocks investors are looking at right now. We tap our list of experts to hear what's hot, their top picks, and what they're looking out for. Today we hear from Cygnet Capital founding director Jonathan Rosham. Cygnet Capital describes itself as a hybrid between a traditional stock broking firm (with a limited number of high-net worth clientele) and a fund manager. The privately owned boutique investment and advisory group has been around for 25 years, focused on two sweet spots of the ASX – tech and resources micro-cap stocks. Within the resources space, Cygnet Capital is particularly bullish on gold, silver, copper and critical minerals, with the latter topical of late following executive orders from US President Donald Trump urging an immediate boost in domestic mineral production. In June, Trump announced a deal with China to resume exports of rare earth minerals and magnets after a two-month period of severe export restrictions that had disrupted critical supply chains across the automotive, robotics and defence industries. Those export restrictions amplified the urgency for countries to secure alternative, domestic or allied sources of supply. At the same time, demand for critical minerals is skyrocketing but supply isn't keeping pace, raising alarm bells for future shortages. Top picks Heavy Rare Earths (ASX:HRE) Cygnet Capital assisted HRE with its acquisition of three assets from Havilah Resources (ASX:HAV) in one of the world's premier uranium producing jurisdictions, South Australia. Australia leads globally in uranium reserves and ranks fourth in production, with South Australia standing out as the core of the nation's uranium sector, housing 80% of its economic demonstrated resources and close to a quarter of the world's uranium supply. Rosham reckons the market is unaware of the potential world-class characteristics at Radium Hill and believes that the best place to find economic deposits are next to old ones. 'We note the historical mining undertaken at Radium Hill as a good indication of the potential,' he said. 'The historical information on Radium Hill highlights the contents of the tailings of mining from Radium Hill at Port Pirie, which gives valuable insight of the waste material from mining uranium in the 1950s/'60s. 'It shows extremely high quantities of scandium and rare earths,' he said. 'There were a number of studies carried out in the '90s and focused on extracting the scandium and rare earths but were constrained at the time with prices and capital. 'Now, in 2025, we are in a very different environment both in prices for the critical minerals and the future demand.' Most importantly, Rosham says HRE already knows what is in the rocks at Radium Hill, which is a massive advantage for any junior. 'Their job now is certainly to go and drill and find sufficient enough quantities to be able to potentially prove up an economic deposit and build a mine,' he said. 'The interesting part is that 50 to 60 odd years ago the market for those materials – being a lot of the lanthalites and scandium – was very different in that now, they are in demand. 'Radium Hill has been totally overlooked from a critical mineral point of view, and the company does have to do some work on the metallurgy, but metallurgy could really unlock the scandium potential,' he added. 'We do think there's a treasure chest there, they need to drill but we feel like the company has a nice head start.' Cygnet Capital is also backing Warriedar, having recently acted as one of two joint lead managers, alongside Bell Potter, in a $20 million capital raise. The firm was drawn to the company based on the scale of its Ricciardo mine, the antimony potential and the large, underexplored tenement package. 'The previous owner encountered a problem with the ore, which eventually sent it broke – the company focused on oxide material at Ricciardo, with the transition and primary sulphides mineralisation not systemically explored,' he said. 'As a consequence of that, the ground was totally underexplored, and we took the view internally and came up with a valuation well in excess of 20 cents and still maintain that view today. 'Warriedar has been well-funded to go and drill and create value for shareholders, and we think the takeover bid by Capricorn Metals (ASX:CMM) has come in at an interesting time – we think there's more to potentially happen there before that game plays itself out.' In May, the company announced what it believes is Australia's largest open-pit antimony resource at Ricciardo, totalling 12.2Mt at 0.5%. Warridar also reported a 107% increase in the projects' total resource estimate to 1.96Moz of gold equivalent at an average grade of 2.5g/t. Carnaby Resources (ASX:CNB) A Queensland copper play, Carnaby – like many players up near Mt Isa – took a bit of a hit following Glencore's news that it was going to close its smelter. But Rosham likes the look of the stock due to its substantial resource base and highly attractive portfolio, including the recently acquired Trekelano copper-gold deposit from Chinova Resources. Trekelano is within a 20km radium of Carnaby's Greater Duchess project, making it a highly complementary acquisition. 'Trekelano looks really interesting… it was an old mine, high-grade and Glencore previously owned it,' he said. 'We started taking a position in the company about 12 months ago but they recently reported an intersection of 150 metres at well over 1% of copper, which says to me that the project has a lot more scope and scale than perhaps the market is giving it credit for. 'The company is set to benefit if the government help Glencore out with the smelter up in Mt Isa, they will benefit a lot,' he said. 'They are looking to get into production, they have access to all transport, it's a low capital cost to get into production and if copper continues going the way it is, this is one company that could definitely bubble from here.' Petratherm (ASX:PTR) Cygnet Capital identified Petratherm before it made its high-grade, titanium-rich heavy minerals sands discovery at the Rosewood and Claypan prospects within the Muckanippe project in South Australia's Gawler Craton. Petratherm has quickly become a hot topic among fundies and investors, who see the $130 million explorer as a possible takeover target for heavyweights like Iluka Resources (ASX:ILU), Tronox Minerals, or even Rio Tinto (ASX:RIO). Muckanippie is yet to host a resource estimate and unlike Iluka's nearby Jacinth Ambrosia mine is not expected to be a major zircon producer, but early drill hits suggest it's rich in titanium-dioxide-bearing material, which should translate to a premium basket price. Titanium dioxide is a key material for paint pigments, but is also a critical mineral used in welding, aerospace, aviation and defence. Rosham likes Petratherm for the titanium content at Muckanippie. New drilling results include 9m at 15.1% heavy minerals (HM) from 10m, including 26.4% HM from 12m and 12m at 12.7% HM from 4m, including 7m at 17.1% HM from 5m. 'Obviously it's just huge grade, there's still a lot of work to do but that grade is amazing if they can actually come up with some continuity,' he said. 'The material looks like it's a direct shipping ore, high titanium content, very big scale at surface, very low strip – it's a world-class discovery, we think there's massive scale and fairly easy to treat. 'We definitely think it's a takeover target for one of the big boys who would be paying a lot of attention to what they are doing,' Rosham added. 'They are currently in the process of drilling, they are going to do some metallurgical testwork, which we will hear about shortly, but if they continue with what they doing and can demonstrate the scale which we think they can, we can see multiples from here.'
Yahoo
01-07-2025
- Business
- Yahoo
Here's Riverwater Partners Micro Opportunities Strategy's Thesis for Red Violet (RDVT)
Riverwater Partners, an investment management company, released its 'Micro Opportunities Strategy' Q1 2025 investor letter. A copy of the letter can be downloaded here. The strategy generated positive relative results in the first quarter, outperforming the benchmark. The results were driven by owning higher-quality companies compared to those in the microcap benchmark. Both stock selection and sector allocation contributed to the outperformance of the strategy in the quarter. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Riverwater Partners Micro Opportunities Strategy highlighted stocks such as Red Violet, Inc. (NASDAQ:RDVT). Red Violet, Inc. (NASDAQ:RDVT) is an analytics and information solutions company. The one-month return of Red Violet, Inc. (NASDAQ:RDVT) was 2.59%, and its shares gained 93.24% of their value over the last 52 weeks. On June 30, 2025, Red Violet, Inc. (NASDAQ:RDVT) stock closed at $49.20 per share, with a market capitalization of $686.63 million. Riverwater Partners Micro Opportunities Strategy stated the following regarding Red Violet, Inc. (NASDAQ:RDVT) in its Q1 2025 investor letter: "Red Violet, Inc. (NASDAQ:RDVT) provides advanced data analytics and identity intelligence solutions through its two main platforms: FOREWARN, a safety tool for real estate professionals, and Interactive Data Inc. (IDI), an analytics platform serving multiple industries with applications in identity verification, fraud prevention, compliance, and due diligence. A technician inserting a credit card into a point-of-sale machine for identity authentication. Red Violet, Inc. (NASDAQ:RDVT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 16 hedge fund portfolios held Red Violet, Inc. (NASDAQ:RDVT) at the end of the first quarter, which was 14 in the previous quarter. Red Violet, Inc.'s (NASDAQ:RDVT) first quarter revenue increased 26% to a record $22 million. While we acknowledge the potential of Red Violet, Inc. (NASDAQ:RDVT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Red Violet, Inc. (NASDAQ:RDVT) and shared Brown Capital Management Small Company Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of RDVT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Finextra
27-06-2025
- Business
- Finextra
Why Training Still Beats the Hype: Lessons from a Modern Trading Trap: By Daniel Schlaepfer
Retail traders today face a paradox. Markets have never been more accessible, or more hazardous. What looks like opportunity can quickly become a trap, especially in the age of social media-fueled speculation. The recent implosion of stocks like Jayud Global Logistics (JYD) has once again exposed the painful divide between how retail and professional traders experience the same event. But beneath the headlines of scams and volatility lies a deeper truth: success in this environment is not about luck or hype; it's about preparation, training, and discipline. Retail Traders: Easy Targets in a Gamified Arena As reported by The Wall Street Journal, a growing number of U.S.-listed micro-cap stocks - many with ties to obscure Chinese firms - have been used in social media pump-and-dump schemes. Stocks like JYD, Lixiang Education, and NetClass Technology followed the same pattern: rapid run-ups driven by coordinated buzz, followed by devastating crashes once insiders dumped their positions. For retail investors lured in at the top, the results have been catastrophic. Some were told these stocks were 'Cash Cows,' others were encouraged to keep doubling down after major losses. In some cases, online groups tracked losses in the millions, leaving behind not just financial damage but deep mistrust. Professional Traders: Same Stock, Very Different Outcome While many retail traders were caught off guard, experienced professionals approached these stocks differently. The same volatility that created chaos for some created opportunity for others, but only because they were equipped with the tools and training to navigate it. Here's how: 1. Short Locates and Execution Readiness Professional traders know the importance of having systems in place to secure short locates, particularly in hard-to-borrow stocks. This doesn't just allow them to short a collapsing stock, it allows them to be ready to trade in either direction as conditions evolve. Those who prepared early and executed with a volatility-tested plan were better positioned to manage risk and act decisively. 2. Risk Management and Discipline Rather than chasing a stock during its initial surge or reacting emotionally to price swings, professionals study the tape for signals, whether it's an exhaustion pattern, shift in order flow, or a change in liquidity. Disciplined traders avoid impulsive entries and instead build a plan that balances opportunity with strict risk controls. Managing borrow costs, avoiding short squeezes, and controlling position sizing are all part of the equation. 3. Pattern Recognition from Experience Pump-and-dump schemes follow a recognizable rhythm. Professionals trained in small-cap trading learn to spot the early signs: a sudden spike in social media chatter, unusual pre-market activity, abnormal volume, or a cluster of volatility halts. Being able to differentiate between genuine momentum and possible scams is a key skill, and one that comes from experience, not excitement. The Real Lesson: Training and Discipline Drive Professional Success This isn't a tale of good guys versus bad guys, or winners mocking losers. It's a wake-up call for anyone stepping into the modern trading arena. While platforms advertise ease of access and instant payouts, the reality is that the markets remain unforgiving, especially for those without guidance. What separates long-term success from painful losses isn't a secret algorithm or a better app. It's the kind of methodical thinking, structured education, and battle-tested strategy that professionals rely on day after day. Closing Thought As regulators tighten enforcement and platforms explore better guardrails, the responsibility also lies with the trading community. If we want fewer horror stories and more sustainable outcomes, we need to start more conversations about how professionals trade, and how to better equip all market participants with the training needed to avoid potential scams and spot the opportunities worth pursuing.
Yahoo
24-06-2025
- Business
- Yahoo
Creatd, Inc. Completes 2024 PCAOB Audit, Achieving Two Years of Audited Financials and Clearing Path Toward SEC Re-Registration and National Exchange Uplisting
NEW YORK, June 24, 2025 (GLOBE NEWSWIRE) -- Creatd, Inc. (OTC: CRTD), a company focused on acquiring synergistic technology businesses, today announced the completion of its 2024 PCAOB audit and submission of audited financials to the OTC Markets. With two consecutive years of audited financial statements now finalized, along with the Company's Q1 2025 financials published on the OTC, the Company is fully current with its reporting. This positions Creatd to re-register its securities with the SEC, reapply for listing on the OTCQB, and continue progressing toward an uplisting to a national securities exchange. Key Financial Highlights: As of today, net equity stands at over $2.9 million, reflecting an $18 million improvement since 2023, with $15 million of that gained during the 2024 fiscal year. Revenues for fiscal year 2024 totaled approximately $1.5 million, a figure already matched in the first half of 2025. The Company expects to reapply to the OTCQB imminently as part of its ongoing capital markets compliance strategy. Strategic Foundation Built in 2024 The year 2024 was a critical period in laying the groundwork for Creatd's financial recovery and long-term viability. The Company addressed two defining challenges: First, it overcame a capital-constrained environment by collaborating with shareholders and strategic partners. With them, it secured the funding necessary to sustain and grow operations during one of the most challenging periods for microcap companies. Second, Creatd adapted to the evolving microcap landscape, where single-focus, pure-play companies increasingly struggle to gain investor traction. It built a diversified model by acquiring complementary businesses and integrating them into a shared infrastructure. This included consolidating revenues across multiple lines, unifying back-office functions, technology systems, regulatory and compliance processes, and applying a platform-wide understanding of audience and market behavior. This adaptive approach allowed the Company not only to weather 2024, but to exit the year with a stronger balance sheet, broader revenue base, and a path forward toward SEC re-registration and uplisting. Jeremy Frommer, CEO of Creatd, commented: 'The past two years have been both the worst and, somehow, the greatest I've experienced in my career. We had to navigate the remissness of our previous auditing firm, who we terminated. At the same time, we endured a historic collapse in the microcap sector. It brought Creatd, the company I've led for over a decade, to its knees. But we never gave up, and what we learned about ourselves and today's business environment is invaluable. Today, we stand strong. We've built back a solid balance sheet, completed two years of PCAOB-audited financials, and proven we understand what it takes to survive a full cycle in the emerging growth public markets. We will continue to acquire, invest in, and support our peers because no one gets through this space alone.' The full audited 2024 Annual Report is available here, on OTC Markets. About Creatd, Inc. focuses on investments and operations across technology, media, aviation, advertising, and consumer sectors. By leveraging its expertise in structured finance and acquisitions, Creatd identifies and nurtures opportunities within small-cap companies, driving growth and innovation across its diverse portfolio. For investor inquiries, contact:ir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data