Inside the Market’s roundup of some of the Canadian small caps making news and on the move today. This post will be updated during the trading day.
Aecon Group Inc. missed estimates by a wide margin in the second quarter, reporting a loss of 26 cents per share compared to expectations of a 12-cent gain. A weak quarter for mining has seen revenues fall 18 per cent to $590-million from $698-million last year, while adjusted EBITDA was down 62 per cent to $13.8-million from $36.7-million. The company said that weakness in revenues was due to delays in securing additional mining work that is now booked and temporary client production shutdowns in the oil sands.