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.
Energy Fuels Inc. came in well under estimates, posting a 52-cent-loss per share compared with street expectations of a loss of 15 cents. Though revenues were up slightly, net loss grew to $30.3-million from $5.5-million this time last year. The company said that it suffered in the quarter from a drop in spot prices for a uranium compound as well as a drop in expectations for future uranium prices. The company is also expecting to put its uranium operations in Utah on hold for impairment, recognizing an impairment loss of $30.78-million.