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The Goldman Sachs report says there are three good reasons why Canadian markets follow U.S. cues. (Kevin Van Paassen/The Globe and Mail/Kevin Van Paassen/The Globe and Mail)
The Goldman Sachs report says there are three good reasons why Canadian markets follow U.S. cues. (Kevin Van Paassen/The Globe and Mail/Kevin Van Paassen/The Globe and Mail)

Midnight Trader

Today's small-cap stocks to watch Add to ...

Western Wind Energy Corp. announced that on March 22, 2012, it filed for its tax-free cash grant with the U.S. Treasury under Section 1603. The amount filed for was $90,556,707 (U.S.) on behalf of the completed 120 MW Windstar Project.



Argex Mining Inc. , which gained 4 per cent to near a year high of 80 cents yesterday, announced that its board of directors has approved the adoption of a shareholder rights plan, effective March 22, 2012. Argex's Board of Directors is not aware of any third party currently considering or preparing any proposal to acquire control of the corporation.



Bioniche Life Sciences Inc. , which rose 8 per cent yesterday, announced that it has entered into a distribution agreement with a U.S.-based veterinary pharmaceutical company to expand Bioniche's product offerings in Australia. It expects to see revenues within a few months.



Armtec Infrastructure Inc. , which gained 5 per cent on Thursday, said its fourth-quarter results showed a loss from operations of $5.5-million, excluding a further non-cash impairment charge of $78.4-million allocated to certain intangible assets and property, plant and equipment, as compared to earnings of $1.2-million in the same period of the prior year.





Open Range Energy Corp. today announced financial results for the three months and year ended Dec. 31, 2011. Revenues during the quarter were $12.4-million, up from $10.3-million in the corresponding quarter of 2010. Net loss was $3.4-million, erasing year-ago profit of $1.6-million. The company also reported increased proved plus probable reserves to 25.5-million boe at year-end, a year- over-year increase of 26 per cent.





Canlan Ice Sports Corp. today reported stronger revenues and earnings for the fourth-quarter ending Dec. 31, 2011. Revenues were $20.3-million, up from the previous year's $19.9-million. Net earnings after taxes were $1.9-million, up from $1.5-million in the corresponding period of 2010.





Americas Petrogas Inc. reported that the first stage of completion of the Hua.x-1 well. The first zone of interest being tested is a select 360 foot thick interval below 12,465 feet in the Vaca Muerta Shale, which has a gross thickness of 1,742 feet in the well.





Boyd Group Income Fund today reported its financial results for the three-month period ended Dec. 31, 2011. Net loss was $2.1-million, or $0.188 per diluted unit, compared to net earnings of $7.9-million, or $0.800 per diluted unit for the same period last year. Sales increased by 24.4 per cent to $100.5-million, compared with sales of $80.8-million for the same period last year.



AutoCanada Inc. today reported that for the fourth quarter 2011, its revenues rose 20.4 per cent to $238.3-million from $197.9-million in the same quarter in 2010. EBITDA increased 117.6 per cent to $7.5-million from $3.5-million in the same quarter in 2010. Adjusted free cash flow increased to $7.4-million or $0.37 per share as compared to $2.7-million or $0.14 per share.

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