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MENE INC ORD - $MENEF STOCK NEWS

Welcome to our dedicated page for MENE ORD news (Ticker: $MENEF), a resource for investors and traders seeking the latest updates and insights on MENE ORD stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MENE ORD's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MENE ORD's position in the market.

Rhea-AI Summary
Menē Inc. announces clients holding over CAD$100 million in gold jewelry, with a total of CAD$110 million in Menē jewelry. CEO Vincent Gladu expresses excitement over the milestone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.35%
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Rhea-AI Summary
Menē Inc. (MENE) has announced the full repayment of its Precious Metal Loan facility owed to Goldmoney Inc., amounting to $9.7 million as of Fiscal Q3 2023. The company currently has no other indebtedness, positioning itself for a more modern and scalable operating model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
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Rhea-AI Summary
Mene Inc. (TSX-V:MENE) (US:MENEF) announced Q3 2023 financial results with $4.3 million in revenue, 15% YoY decrease, $0.9 million gross profit, and $0.7 million net loss. The company sold 45 kilograms of jewelry and introduced 10 new product designs. Vincent Gladu was named President & CEO, succeeding Roy Sebag.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
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Rhea-AI Summary
Menē Inc. appoints Vincent Gladu as President & CEO, Roy Sebag transitions to Executive Chairman of the Board. Gladu brings 20 years of experience. Menē has generated $107,759,891 in revenue, sold 131,209 units of jewelry, and has over 37,000 positive reviews. Gladu granted 7,469,437 stock options and 3,000,000 restricted share units.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
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management
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Rhea-AI Summary
Menē Inc., an online 24 karat jewelry brand, reported financial results for Q2 2023. Revenue decreased by 15% YoY to $5.0 million. Gross profit margin increased to 30%. Operating income increased by $0.2 million YoY. Net income increased by $0.6 million YoY. Sold metal weight was 48 kg and 5,261 units of jewelry. The company introduced 7 new product designs and had 67% of total sales from returning customers. Cumulative units of jewelry sold reached 149,000. The company received positive reviews from independent customers.
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-3.19%
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-6.12%
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-13.11%
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MENE INC ORD

OTC:MENEF

MENEF Rankings

MENEF Stock Data

40.81M
60.31M
59.58%
10.81%
Jewelry and Silverware Manufacturing
Manufacturing
Link
United States of America
Toronto