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A trader works at his desk in front of the DAX board at the Frankfurt stock exchange July 11, 2012


A look at Canadian issues that are moving on early news

Wireless Matrix Corporation (WRX-T) reported total revenues of $8.9-million with net income of $433,000. In the same period of last year, revenues were $8-million with losses of $80,000. Wireless Matrix had a cash balance of $8.8-million on April 30, 2012, compared to $7.4-million on January 31, 2012.

Crocodile Gold Corp. (CRK-T), up by one per cent yesterday, announced that it produced 36,117 ounces of gold in the second quarter of 2012. This is compared with 10,759 ounces of gold produced in the first quarter of 2012.

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Theratechnologies Inc. (TH-T), which rose four per cent yesterday, announced that it ended the second quarter of 2012 with a net loss of $1.4-million, compared with $5.9-million in the same period of last year. Liquidities at quarter-end were $24.5-million.

San Gold Corporation (SGR-T), which nearly hit a year low yesterday, announced preliminary results of 18,241 ounces of gold produced plus 55,000 tons of ore in surface stockpiles, representing approximately 10,000 ounces of gold. Overall, this brings total mine production to more than 28,000 ounces of gold during the quarter, a new company record.

Capstone Mining Corp. (CS-T) announced its operating results for the three and six months for its two operating mines, Cozamin and Minto, ending June 30, 2012. Combined production totalled 21.9 and 40.5 million pounds of copper in concentrates in the second quarter and first six months respectively, with additional by-products of lead, zinc, silver and gold. Outlook: Capstone's 2012 guidance for 80 million pounds (+/– 5 per cent) of copper in concentrates remains unchanged. With production at the six month mark of the year at 40.5 million pounds and operations at both mines "running well" it is "on target" to meet guidance for the year.

DragonWave Inc. (DWI-T), which fell 8 per cent Wednesday, reported net and comprehensive loss applicable to shareholders in the first quarter of fiscal year 2013 was $12.6-million (U.S.) or $0.35 per basic diluted share. This is compared with a net and comprehensive loss applicable to shareholders of $9.9-million or $0.28 per basic and diluted share a year earlier. But DragonWave announced that for the second quarter of 2013, it expects revenue to be in the range of $35-million to $45-million, boosted by its recent Nokia-related acquisition.

Calvalley Petroleum Inc. (CVI.A-T), which is nearing year highs, announced that its board of directors has established a Special Committee to explore and consider strategic alternatives with the objective of maximizing value for all shareholders.

Score Media Inc. (SCR-T) reported net and comprehensive income loss for the third quarter of $1.6-million compared with net and comprehensive income of $608,000 during the same period last year. Revenues were $12.7-million, compared with $13.1-million from the third quarter of 2011.

Afferro Mining Inc. (AFF-X), the exploration and development company focused on iron ore in Cameroon, provided an update on operations and potential strategic investors.

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Corsa Coal Corp. (CSO-X), which fell 14 per cent and hit year lows on Wednesday, announced second-quarter results and provided an outlook statement. Highlights included metallurgical coal sales of 72,000 tons at an average realized price of $152 per ton in the second quarter, a $25-million debt refinancing, and the company's Casselman Mine upgraded to proven reserve.

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