Pure Technologies.
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
TransAlta Corp. (TA-T, TAC-N) said second-quarter net earnings attributable to common shareholders was $6-million or 2 cents per share compared to a net loss of $131-million or 47 cents per share for the same period in 2015.
The company said lower prices at its coal facilities were mostly mitigated by its high level of contracts and hedges.
"We delivered a solid second quarter," stated CEO Dawn Farrell in a release. "The closing of our $159-million debt financing and the commitment of our banks to extend our credit facilities demonstrates the strength of our funding plan. Our year is shaping up as expected and we anticipate achieving our goal of raising $400- to $600-million of project financing by year end."
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Premium Brands Holdings Corp. (PBH-T) reported record second-quarter revenue of $462.9-million, a 27.4-per-cent increase as compared to the second quarter of 2015.
That beat analyst expectations of revenue of $350.8-million in the most recent quarter.
The company reported a profit of $18.4-million or 64 cents per share, compared to a loss of $10.5-million or 44 cents per share a year ago.
"We remain on course for yet another record year and are steadily progressing towards our goal of being one of North America's leading specialty food companies," CEO George Paleologou said in a release.
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Ensign Energy Services Inc. (ESI-T) reported second-quarter revenue of $175.9-million, a decrease of 47 per cent from revenue of $333.8-million a year ago.
Its net loss for the second quarter $40-million or 26 cents per share compared to a net loss of $1-million or a penny per share a year ago.
Analysts were expecting revenue of $139.5-million in the most recent quarter and a loss of 19 cents per share.
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Pure Technologies Ltd. (PUR-T) reported revenue of $29.2-million in the second quarter, compared with $29.4-million a year ago.
Analysts were expecting revenue of $23-million in the most recent quarter.
Profit was $1-million compared to $400,000 the year-ago period.
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Pattern Energy Group Inc. (PEGI-T, PEG-T) said it plans to raise $239-million (U.S.) in a bought deal.
The company will sell 10 million Class A share at $23.90 per share. The offering will be made through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Morgan Stanley.
It said the proceeds will be used to fund potential acquisition opportunities and to repay debt.
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BTB Real Estate Investment Trust (BTB.UN-T) reported second-quarter net operating income of $10.5-million, compared to $10.2-million a year ago.
Net income was 11.4 cents per unit compared to 10.8 per unit a year ago.
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Atlantic Power Corp. (AT-N, ATP-T) reported a net loss $18.5-million (U.S.) in the second quarter, versus net income of $14.7-million a year ago.
Project income was $25.2-million versus $17.2-million a year ago.
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Silver Standard Resources Inc. (SSRI-Q, SSO-T) says it has resolved an issue with the Canada Revenue Agency related to the tax treatment of the 2010 sale of shares of a subsidiary that owned and operated the Snowfield and Brucejack projects.
The company said the CRA will issue a new notice of reassessment for each of the 2010 and 2011 taxation years and will refund the $24.1-million deposit paid to the CRA to appeal, plus accrued interest.
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SIR Royalty Income Fund (SRV.UN-T) reported net earnings of $2.34-million, or 31 cents per unit in the second quarter, up from $2.28-million, or 30 cents per unit a year ago.
Pooled revenue increased 5.5 per cent to $74.8-million.
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Aralez Pharmaceuticals (ARLZ-Q, ARZ-T) reported second-quarter revenue of $12.6-million (U.S.) which beat analysts' expectations of $11.9-million and compared to $5.2-million a year ago.
Its net loss was $17.5-million, or 27 cents per share compared to a net loss of $16.3-million, or 50 cents a year ago. Analysts were expecting a loss of 22 cents per share in the most recent quarter.
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Torc Oil & Gas Ltd. (TOG-T) reported funds flow from operations of $27.5-million or 17 cents per share in the second quarter, compared to $14.1-million or 9 cents a year ago.
It net loss was $15.8-million or 10 cents per share, as compared to $25.6-million or 16 cents a year ago.
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D-BOX Technologies Inc. (DBO-T) says it has struck a partnership with China's State Production Base of China Film Co. Ltd. to promote D-BOX technologies in the Chinese market.
"Since more than half of all feature films in China stem from local productions, this development is a significant step for us in a very large and savvy market," CEO Claude McMaster said in a release.
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Fortuna Silver Mines Inc. (FSM-Q, FVI-T) reported sales of $44.5-million in the second quarter, up 14 per cent compared to $38.9-million for the same quarter a year ago.
Its net loss was $1.4-million, compared to net income of $200,000 a year ago.