Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Corus Entertainment Inc. (CJR.B-T) reported revenue of $361.7-million for its second quarter ended Feb. 28, up from $358.9-million a year ago. The expectation was for revenue of $365-million in the latest quarter, according to S&P Capital IQ.
The company said net income attributable to shareholders totalled $16.2-million or 8 cents per share for the quarter ended Feb. 28, which was in line with expectations and down from $35.3-million or 17 cents per diluted share a year earlier.
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MTY Food Group Inc. (MTY-T) reported first-quarter revenue of $140.5-million for the first quarter ended Feb. 28, up from $119-million. The results beat expectations of $125.8-million, according to S&P Capital IQ.
Profit rose to $16.6-million or 68 cents per share for the quarter, up from $13.4-million or 54 cents per diluted share a year earlier. The expectation was for earnings per share of 63 cents.
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Quarterhill Inc. (QTRH-T) announced it expects its first-quarter revenue to range from $165-million to $175-million. The estimate is above analysts’ expectation of revenue of $60.8-million, according to S&P Capital IQ.
Quarterhill said it will report its first-quarter results in early May.
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O3 Mining Inc. (OIII-X) announced an agreement to buy the East Cadillac Project in Val-d’Or, Québec from Cartier Resources Inc.
the company said the deal is in exchange for more than 46.3 million common shares of Cartier, representing approximately 17.5 per cent of that company.
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CVW CleanTech Inc. (CVW-X) announced it was awarded $5-million of non-repayable grant funding from the Clean Resource Innovation Network. The company said the funds will be used for detailed engineering and procurement of key equipment required for its tailings distillation units.
“Our Company’s technologies will help the oil sands industry meet its ESG goals,” stated the company’s executive chairman Darren Morcombe.
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Pure Gold Mining Inc. (PGM-X) announced a notice of civil claim in the B.C. Supreme Court that names the company and “certain other parties” as defendants. In a release, Pure Gold said the claim alleges “failures to disclose certain information relating to its operations at its mine in Red Lake, Ont. under Canadian securities laws.”
The company said the plaintiff in the action is seeking “certification as a class proceeding and with any other class members claims [unspecified] damages for losses incurred in their investments in the company.”
The company stated that it believes that the complaint against it is “unfounded and without merit, and it intends to vigorously defend the proceeding.”
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