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Tuesday's small-cap stocks to watch

Performance Sports, the owner of Bauer and Easton equipment, has filed for bankruptcy protection in both Canada and the U.S.

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

Performance Sports Group Ltd. (PSG-N; PSG-T) shares will be delisted at the close of business on Dec. 8 for failure to meet the continued listing requirements of TSX.

The shares will remain suspended from trading, the TSX stated in a release.

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Iamgold Corp. (IMG-T) reported third-quarter net earnings of $17-million (U.S.) or 4 cents per share compared to a net loss of $85-million or 22 cents per share for the same period last year.
Revenue was $282.4-million, up from $207.6-million a year ago, driven by higher realized gold prices and higher sales volume.
Analysts were expecting revenue of $293-million and a profit of a penny per share. 
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TWC Enterprises Ltd. (TWC-T) reported third-quarter operating revenue of $94.4-million compared to $96.6-million a year ago.
Net earnings were $17.9-million or 65 cents per share compared to earnings of $17.8-million or 65 cents a year ago.

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Senvest Capital Inc. (SEC-T) reported third-quarter net income of $109.9-million or $39.08 per share compared to a net loss of $143.4-million or $50.72 a year ago.

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Cardinal Energy Ltd. (CJ-T) reported third-quarter revenue of $53.7-million up from $42.9-million a year ago.

Its loss was $4.4-million or 6 cents per share, compared to a loss of $105.7-million or $1.83 a year ago.
Analysts were expecting a loss of 5 cents per share.

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Fortuna Silver Mines Inc. (FSM-N; FVI-T) reported third-quarter revenue of $65.2-million compared to $39-million a year ago.
Net income was $11.8-million and earnings per share of 9 cents, compared to $2.6-million and 2 cents a year ago.
Analysts were expecting revenue of 8 cents per share and revenue of $61-million.

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Absolute Software Corp. (ABT-T)  reported fiscal first- quarter revenue of $22.5-million (U.S.), up 6 per cent from a year ago.
Its net loss per share was 2 cents, compared to a profit of 2 cents a year ago.
Analysts were expecting revenues of $22.5-million and earnings of 2 cents per share.

The company said it expects total revenue of between $92-million and $94.6-million for fiscal 2017, representing 7-to-10 per cent annual Data and Device Security segment revenue growth. 
"Revenue is expected to grow at an accelerating rate through the year, driven by new customer acquisition, existing customer expansion and continuing sales productivity improvements," the company said.

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BTB Real Estate Investment Trust (BTB.UN-T) reported third-quarter net operating income of $10.6-million compared to nearly $11-million a year ago.
Net income was 13 cents per unit, up from 10.6 cents a year ago.

Rental income was $18.3-million, compared to $18.4-million a year ago.

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Trilogy Energy Corp. (TET-T) reported third-quarter revenue of $48.6-million down from $65.7-million a year ago.

Funds flow from operations was $16.1-million or 13 cents per share compared to $22.2-million or 18 cents a year ago.
Its loss before tax was $25.5-million or 20 cents per share, compared to a loss of $95.8-million or 76 cents a year ago.
Analysts were expecting a loss of 10 cents per share. 

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Ensign Energy Services Inc. (ESI-T) reported third-quarter revenue of $191.3-million, a decrease of 41 per cent from revenue for the third quarter of 2015 of $324-million. 
Its net loss was $33.7-million or 22 cents per share compared to a net loss of $77.3-million or 51 cents per share for the third quarter of 2015.   
Analysts were expecting a loss of 16 cents and revenue of $145.8-million

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Rocky Mountain Dealerships Inc. (RME-T) reported third-quarter net earnings of $6.6-million or 34 cents per share as compared to $4.4-million or 35 cents a year ago.

Analysts were expecting earnings of 21 cents in the most recent quarter.

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Sales were $222.6-million compared to $256-million a year ago.

Gross profit decreased by $3.2-million or 7.9 per cent to $36.9-million.

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DHX Media (DHX.A-T; DHX.B-T; DHXM-Q) says it has adopted an amendment to IAS 38, which deals with intangible assets and will be adopting a declining balance approach to expensing its investments in film and television programs, replacing the film forecast method.

"Amongst other potential impacts, the company expects the adoption of the amendment to IAS 38 to increase the predictability of the expensing of its investment in film and television program assets, while also increasing the fluctuations in percentage gross margins(1) from period to period," DHX said in a release. It doesn't expect the change to have any material impacts on the operations of the business.

As a result of the adoption of the amendment, the company has updated its latest annual guidance for revenues, gross margins, and quarterly pacings. 

It will report its fiscal 2017 first-quarter results after market close on Monday, Nov. 14.

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Torc Oil & Gas Ltd. (TOG-T) reported third-quarter funds flow from operations of $31.6-million or 18 cents per share compared to $35.2-million or 22 cents a year ago.

Its net loss was nearly $12-million or 7 cents per share compared to a loss of $52.3-million or 33 cents a year ago. 
Analysts were expecting a loss of 7 cents per share.

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Tamarack Valley Energy Ltd. (TVE-T) said third-quarter funds flow from was $16.7-million or 12 cents per share compared to $14.6-million or 15 cents a year earlier.
Its net loss was $3.2-million or 2 cents per share compared to a loss of $15.1-million or 15 cents a year ago.

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Computer Modelling Group Ltd. (CMG-T) reported third-quarter revenue of $16.9-million compared to $19.1-million a year ago.

Net income was nearly $5-million or 6 cents per share, compared to $6.8-million or 9 cents a year ago. 
Analysts were expecting earnings of 6 cents per share and revenue of $16.9-million.

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Student Transportation Inc. (STB-T) reported first-quarter revenue of $102.2-million (U.S.), up 9 per cent from $93.4 million a year ago.
Its net loss was $11.7-million or 13 cents per share compared to a net loss of $9.5-million or 10 cents per share a year ago.
Analysts were expecting a loss of 12 cents per share in the most recent quarter and revenue of $101.3-million.
Adjusted EBITDA came was $140,000 compared to a loss of $2.3-million for the first quarter of fiscal year 2016. 
The company said it's the first time it has reported positive adjusted EBITDA in its first quarter, " which is historically affected by the July and August seasonality of the school year."

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Jaguar Mining Inc. (JAG-T) reported third-quarter revenue of $33.6-million, up 20 per cent from $28.1-million a year ago.

Its net loss was 22 cents per share compared to a profit of 4 cents a year ago.

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About the Author
Contributor

Brenda Bouw is a freelance writer and editor based in Vancouver. She has more than 20 years of experience as a business reporter, including at The Globe and Mail, The Canadian Press, the Financial Post and was executive producer at BNN (formerly ROBTv). Brenda was also part of the Globe and Mail reporting team that won the 2010 National Newspaper Award for business journalism. More

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