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An Indigo Books and Music store is seen on Sainte Catherine Street in downtown Montreal, February 8, 2011.SHAUN BEST/Reuters

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Polaris Infrastructure Inc. (PIF-T) has increased its dividend for the second time in a year.

The company says its board of directors has declared a quarterly dividend of $0.12 (U.S.) per common share, a 9-per-cent increase from $0.11 and 20-per-cent increase from the $0.10 per share quarterly dividend initiated in March, 2016.

"The latest dividend increase is viewed as sustainable and is below the company's target payout ratio," the company said.

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Indigo Books & Music Inc. (IDG-T) said third-quarter revenue grew 4.5 per cent year-over-year to $400.3-million, "despite operating three fewer stores."

Total comparable sales, which includes both online sales and comparable store sales, increased by 3.8 per cent year-over-year in the third quarter ended Dec. 31, the company said.

"The increase in revenue was driven by continued double-digit growth in the general merchandise business, with exceptional growth in the lifestyle categories," the company said. "The core trade book business remained essentially flat as the business cycled over the trend for adult colouring books in the prior year."

Net earnings were $40-million or $1.51 per share for the quarter, compared to net earnings of $52.8-million or $2.03 per share a year earlier.

The company said it recognized an income tax expense of $14.5-million in the current period compared to a net income tax recovery of $2.1-million in the same period last year.

Analysts were expecting revenue of $395-million in the most recent quarter and earnings of $1.62 per share.

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Mediagrif Interactive Technologies Inc. (MDF-T) says third-quarter revenue rose 4 per cent to $19.3-million when compared to the third quarter of fiscal 2016.

"The increase in revenues this quarter is mainly driven by continued organic growth in Mediagrif's InterTrade, MERX and BidNet platforms," the company said.

Adjusted EBITDA totalled $7.1-million or 37 per cent of revenues compared to $8-million or 43 per cent of revenues during the third quarter of fiscal 2016.

Profit reached $4-million or $0.27 per share compared to $4.9 million or $0.32 per share.

Analysts were expecting revenue of $20.5-million and earnings of 29 cents per share in the most recent quarter.

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Input Capital Corp. (INP-X) reported first-quarter adjusted net income of $1-million or $0.01 per share compared to net income of $3-million or $0.04 a year earlier.

"The first quarter of 2017 is marked by a significant increase in capital deployment compared to last year," said CEO Doug Emsley.

He said the company deployed $12.6-million into 17 streaming contracts, a 90-per-cent increase over the same period last year.

"Our prospect pipeline is also larger than it has ever been, due to the success of several recent farm trade shows."

Adjusted streaming sales were $11.7-million on the delivery of 24,958 canola equivalent metric tonnes (MT) at an average price of $470. That compares to sales of $15.6-million on 31,889 MT at an average price of $490 a year earlier.

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New Gold Inc. (NGD-T; NGD-N) is selling its gold stream on the El Morro project to Goldcorp for $65-million cash.

The deal gives New Gold additional funds to advance construction of its Rainy River project, which is scheduled to start production in September.

"Our interest in El Morro has generated significant value for our company over the last several years," stated CEO Hannes Portmann in a release. "The sale of the stream allows us to realize $65-million from an asset that is not a core part of our portfolio to support our key, near-term growth project at Rainy River."

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Grande West Transportation Group Inc. (BUS-X) is raising $10-million in a bought-deal offering.

Beacon Securities will purchase 5.3 million shares at $1.90 each.

The net proceeds will be used for working capital and general corporate purposes, the company said.

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ATS Automation Tooling Systems Inc. (ATS-T) reported third-quarter revenue of $237.4-million, down 14 per cent from a year ago.

It said the drop is "primarily reflecting the timing of project activities, the previously announced suspension and cancellation of a large enterprise program and revised estimates and adjustments related to certain programs that are in process or have been completed."

Earnings from operations were $15.3-million compared to $26.8-million a year earlier.

Earnings per share were 7 cents compared to 16 cents a year ago. Adjusted earnings were 12 cents per share, compared to 21 cents a year ago.

Analysts were expecting earnings of 9 cents per share and revenue of $228.5-million.

The company also named Andrew Hider as its new CEO, effective March 6. Most recently, Mr. Hider served as CEO of the Taylor Made Group, LLC.

Current CEO Anthony Caputo announced in March, 2016, he will be stepping down and resigning from the board on Feb. 15.

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Questerre Energy Corp. (QEC-T) updated the resource assessment of its Utica acreage in the St. Lawrence Lowlands, Quebec.

"The best estimate by the company's independent reserve engineers of unrisked Prospective Resources net to Questerre is 5.8 Tcf (965 million barrels of oil equivalent). This represents a 30-per-cent increase over the 2010 year-end assessment," the company said in a release.

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Fortuna Silver Mines Inc. (FSM-N: FVI-T) says it acquired 10 million common shares of Medgold Resources Corp. (MED-X) at a price of $0.15 per share.

Fortuna said it now owns 20 million common shares of Medgold, representing 24 per cent of the company.

The shares were acquired by Fortuna for investment purposes, the company said.

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Valener Inc. (VNR-T) reported adjusted net income attributable to shareholders of $20.3-million for the first quarter of fiscal 2017, up 21 per cent from a year earlier.

Adjusted net income per common share was $0.52 compared to $0.44 in the first quarter of fiscal 2016.

"These increases were driven by a notable increase in Gaz Métro's adjusted net income," the company said.

Net income was $23-million in the first quarter of fiscal 2017 compared to $39.4-million in the first quarter of fiscal 2016.

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Theratechnologies Inc. (TH-T) reported fourth-quarter consolidated revenue of $10.4-million, up from $9-million a year ago.

Net profit was $173,000 or zero cents per share compared to $488,000, or $0.01 per share a year earlier.

Analysts were expecting revenue of $9.6-million and earnings of a penny per share.

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