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

Accord Financial Corp. (ACD-T) increased its quarterly dividend to 7.5 cents per common share, payable March 1 to shareholders of record at the close of business Feb. 15. The commercial finance company said it’s a 50-per-cent increase from 5 cents per share paid in recent quarters.

“Since emerging from the economic shutdown in the summer of 2020, Accord has reported five straight quarters of strong financial performance to Sept. 30, 2021,” stated CEO Simon Hitzig. “With our company squarely back on its pre-pandemic growth path, we have the confidence to begin increasing the dividend.”


Real Matters Inc. (REAL-T) reported revenues of $107.8-million in the first quarter, down from $120.3-million a year ago. Analysts were expecting it to come in at $112.2-million, according to S&P Capital IQ.

Net income was $2.6-million or 3 cents per share versus $7.1-million and 8 cents a year ago. Adjusted earnings came in at $3.5-million or 4 cents versus $12-million or 14 cents a year ago. The expectation was for adjusted EPS of 6 cents.


Reunion Gold Corp. (RGD-X) announced a $10-million bought deal private placement. The company said it has an agreement with Paradigm Capital Inc. and Dundee Goodman Merchant Partners on behalf of a syndicate of underwriters that will purchase 57,145,000 common shares for 17.5 cents each.

The net proceeds will be used primarily to accelerate exploration activities, including drilling and trenching on the OKO West project, and for general corporate purposes, the company stated.


Fortuna Silver Mines Inc. (FVI-T) reported a worker fatality at the Lindero Mine located in Salta, Argentina.

“The unfortunate accident occurred at the conveyor stacking system and there were no other injuries associated with the incident,” the company stated, adding it notified the appropriate government and local authorities and an investigation to determine the cause of the accident is currently underway.

The company said stacking activities at the heap leach pad have been temporarily suspended for about 48 hours “and the operation is also taking a safety stop for a day.”


Transcontinental inc. (TCL.A-T; TCL.B-T) announced it has priced an offering of $200-million in senior unsecured notes due in February 2025. It said the notes are being offered through an agency syndicate consisting of Scotia Capital Inc., BMO Capital Markets, CIBC Capital Markets as joint bookrunners and including other financial banks and investment firms.

Transcontinental said it intends to use the net proceeds of the offering to repay debt and other general corporate purposes.


Sierra Metals Inc. (SMT-T) announced the completion of an internal organizational review, including an increased focus on the production of copper and steel-making products such as zinc and iron-ore.

The company said it would advance its mine expansion plans, with the aim of increasing the return at both the Yauricocha and Bolivar Mines. Sierra also said it would reactivate its brownfield and greenfield exploration activities. It also made some leadership changes among its vice-president ranks.


Algoma Steel Group Inc. (ASTL-T) announced that it has awarded GE Gas Power (GE-N) a contract for an upgrade to the company’s natural gas combined cycle power plant, including the installation of two gas turbine packages.

“The upgrade is expected to supply Algoma Steel with sufficient internal generation capability to power phase one of its transition to electric arc furnace steelmaking,” the company stated.


Aecon Group Inc. (ARE-T) announced that Connect Cité, a 50-50 general partnership between Aecon and EBC, has been selected by ADM Aéroports de Montréal as the preferred proponent for the Montreal-Trudeau International Airport Réseau express métropolitain (REM) Station project in Québec.

The contract will be finalized upon reaching financial close and the start of construction is expected in the first quarter of 2022, the company stated.


High Tide Inc. (HITI-X) reported unaudited fourth-quarter revenue of $53.9-million up from $24.9-million a year ago. The expectation was for revenue to come in at $52.5-million.

Adjusted EBITDA for the quarter ended Oct. 31 was reported to come in at $1.6-million versus $3.6-million a year ago.


Firm Capital Property Trust (FCD.UN-X) announced that it has received conditional approval to list its trust units on The Toronto Stock Exchange under the trading symbol “FCD.UN.”

“Graduating from the TSXV to the TSX is an important milestone for Firm Capital Property Trust,” stated CEO Robert McKee.


Vitalhub Corp. (VHI-T) announced that it has acquired Beautiful Information Ltd., a company incorporated and registered in England and Wales for £1,550,000 ($2.6-million Canadian). Beautiful Information provides information services to the National Health Service in England.

The purchase price includes £1,386,059 in cash and 90,266 shares of VitalHub. The share portion was for a price of $3.026 per VitalHub share and represents total value to the vendors of £163,941, the company stated.


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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 23/02/24 1:50pm EST.

SymbolName% changeLast
Transcontinental Inc Cl A Sv
Transcontinental Inc Cl B Mv
High Tide Inc
Aecon Group Inc
Algoma Steel Group Inc
Sierra Metals Inc
Accord Financial
Real Matters Inc
Fortuna Silver Mines Inc
Reunion Gold Corp

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