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Reuters (Toru Hanai)
Reuters (Toru Hanai)

Midnight Trader

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Ivanhoe Energy reported a net loss for the three months ended December of $5.9-million or 2 cents per share basic and diluted compared to a net loss of $19.4-million or 6 cents per share basic and diluted in the year earlier period.

Transat said Thursday that first-quarter loss widened to $29.5-million or $0.77 per share, compared to the previous year's $13.4-million or $0.35 per share. Adjusted loss was $29.9-million or $0.79 per share, compared to $19.3-million or $0.51 per share. The stock fell 3.5 per cent yesterday to be within a $1 of year lows.

Cangene Corporation , which lost 1.5 per cent on Wednesday, reported financial results for the second quarter of 2012, ended on Jan. 31, 2012. Net loss for the current quarter was $3.9-million, compared with net income of $2.0-million in the same quarter last year. A loss per share for the current quarter of $0.06 compares with earnings per share of $0.03 in the same quarter a year ago.

SGX Resources Inc. , which fell 3.5 per cent yesterday, announced additional results orginating from the discovery of significant gold mineralization on its Edleston Zone in Sothman Township located 60 km south of Timmins, ON.

ATM provider DirectCash Payments Inc. today announced a cash dividend of $0.115 (11.5 cents) per share for the month of March, 2012. The dividend will be paid on April 30, 2012, to shareholders of record on March 30, 2012.

Canada's specialty food maker Premium Brands Holdings Corp reported a 63 per cent fall in fourth-quarter profit due mainly to high input costs. The company's earnings fell to $1.52-million, or 7 Canadian cents a share, from $4.06-million, or 22 Canadian cents a share, a year ago. Excluding items, the company earned $2.5-million, or 13 Canadian cents per share. Revenue rose 60 per cent to $250.6-million.

01 Communique Laboratory Inc. today announced results for its first quarter fiscal 2012. Quarterly adjusted loss was $419,838 compared to $795,948 in 2011. Revenue was $68,088 compared to $135,265 in 2011. The company completed the quarter with $2,623,391 of cash and cash equivalents.

Galvanic Applied Sciences Inc. , which was just 6 cents below year highs yesterday, announced record results for its three months ended Jan. 31, 2012. Consolidated revenue was $4.7-million, a 71 per cent increase over the $2.7-million reported in the comparative prior period. Net earnings increased to $997,000 or $0.06 per common share from net earnings of $162,000 or $0.01 per common share as compared with the comparative prior period.

ProSep Inc. announced that it has landed two contracts for a total value of $2.3-million. The first contract is for the installation at a gas processing plant currently under development in Oman. The second award is for a second-stage crude oil separator for an offshore facility located in Latin America.

Aurizon Mines Ltd. , which closed yesterday's session at year lows, announced today that fourth-quarter profit more than tripled as it sold more at higher prices, but the gold miner said it expects a fall in production in 2012. Net profit rose to $21.8-million ($21.99 million), or 13 Canadian cents a share, from $7-million, or 4 cents a share a year ago. Revenue rose 77 per cent to $85.7-million.

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