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An Indigo Books and Music store is seen on Sainte Catherine Street in downtown Montreal, February 8, 2011. The book retailer’s stock may stand to benefit from a potential winter market rally.

SHAUN BEST/REUTERS

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

Indigo Books & Music Inc. (IDG-T) reported second-quarter revenue of $216.9-million, up from $205.7-million a year earlier.

"Revenue growth was driven by continued double-digit growth in the general merchandise business, and growth in the core book business enhanced by the release of Harry Potter and the Cursed Child," the company said.

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The net loss for the 13-week period ended Oct. 1 was $1.2-million or 4 cents per share, compared to a loss of $1.8-million or 7 cents for the period ended Sept. 26, 2015.

"The improvement was driven by increased revenues," the company said.

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Aimia Inc. (AIM-T) reported third-quarter revenue of $503.6-million compared to $529.3-million a year earlier.

Its net loss was $1.5-million or 4 cents per share compared to a loss of $26.1-million or 20 cents a year ago.

Analysts were expecting revenue of $389-million and earnings of 11 cents per share in the most recent quarter.

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Morneau Shepell Inc. (MSI-T) said third-quarter revenue was $144.6-million, an increase of 2.7 per cent or $3.8-million from the same period in 2015.

Profit was $5.2-million for the quarter, compared to a $3.5-million loss a year ago.

Analysts were expecting revenue of $108.4-million.

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Lucara Diamond Corp. (LUC-T) reported third-quarter revenues of $38.1-million (U.S.) compared to $90.9-million a year ago.

Its net loss was $3.8-million or a penny per share compared to net income of $44.2-million or 12 cents a year ago.

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"This is due to the company having two sales in the prior year, including an exceptional stone tender compared to a single sale in the current year," the company said.

It also a reported a foreign exchange loss in the third quarter compared to a foreign exchange gain on translation of its U.S.-dollar cash in the prior year.

Analysts were expecting revenue of $55-million and earnings of 3 cents per share.

**

Great Canadian Gaming Corp. (GC-T) reported third-quarter revenue of $151.2-million, a 30-per-cent increase compared to the same period in the prior year.

Shareholder's net earnings were $26.9-million or 44 cents per share, up from $21.8-million or 32 cents a year ago, the company said.

Analysts were expecting revenue of $106.9-million and earnings of 27 cents per share.

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Mediagrif Interactive Technologies Inc. (MDF-T) said second-quarter revenue rose nine per cent to $19.5-million compared to a year ago.

Profit was $4.5-million or 30 cents per share, compared to $5.1-million or 34 cents a year ago.

Analysts were expecting a profit of 21 cents per share and revenue of $14.9-million.

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Pure Technologies Ltd. (PUR-T) reported third-quarter revenue of $28.5-million compared to $29.6-million a year ago.

The company said third-quarter revenue was below expectations "primarily due to scheduling and procurement delays in our International and Canadian regions in our core water business," according to CEO Jack Elliott.

Profit for the third quarter was $900,000 or 2 cents per share versus $1.1-million or 2 cents last year.

Analysts were expecting revenue of $24-million and earnings of 3 cents per share.

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Solium Capital Inc. (SUM-T) said third-quarter revenue increased 16 per cent to $26-million.

Net earnings increased by 9 per cent to $2.5-million or 4.9 cents per share.

Analysts were expecting revenue of $18.7-million and earnings of 3 cents per share.

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Gamehost Inc. (GH-T) reported third-quarter operating revenue of $17-million compared to $18.8-million in the same quarter of 2015.

"These results include a 14-day period at the start of July, 2016, where Boomtown Casino remained closed for the completion of fire remediation work," the company said.

Profit was $4.5-million or 17 cents per share compared to a profit of $6.3-million or 24 cents a year ago.

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Paramount Resources Ltd. (POU-T) reported third-quarter funds flow from operations of $3.8-million or 4 cents per share, compared to $36.9-million or 35 cents a year ago.

Sales were 24,786 barrels of oil equivalent per day (boepd) versus 49,990 a year ago.

Paramount completed the divestiture of its oil and gas properties in the Musreau-Kakwa area of Alberta in August 2016, "significantly de-leveraging the company and bolstering its balance sheet."

**

Hardwoods Distribution Inc. (HWD-T) reported third-quarter sales of $235.4-milllion compared to $152.1-million a year ago.

Profit was $7.3-million or 35 cents per share compared to $6-million or 36 cents a year ago.

Analysts were expecting revenue of $193.8-million and earnings of 30 cents per share.

"We generated significant top and bottom line growth in the third quarter and first nine months of 2016 as contribution from our new Rugby operations positively impacted our results," stated CEO Rob Brown.

**

Spartan Energy Corp. (SPE-T) reported third-quarter funds flow from operations of $18.9-million or 5 cents per share compared to $14.3-million or 5 cents a year ago.

Net income was $4.1-million or a penny per share compared to a loss of $33.4-million or 13 cents a year ago.

The company revised its 2016 exit guidance to 13,500 boe/d (barrel of oil equivalent) from 12,500 boe/d and its average production guidance  to 11,200 boe/d from 10,700 boe/d. It's also reducing its 2016 capital expenditure budget to $66-million from $68-million.

**

SunOpta Inc. (STKL-Q; SOY-T) reported third-quarter revenue of $348.7-million (U.S.) versus $277.2-million in the third quarter of 2015.

Its loss from continuing operations was $3.4-million or 4 cents per  share compared to a profit of $314,000 or a penny per share a year ago, according to its balance sheet.

Analysts were expecting revenue of $360-million and a profit of 6 cents per share.

**

First Majestic Silver (FR-T; AG-N) reported third-quarter revenues of $79.3-million (U.S.) compared to $4.7-million a year ago.

Its profit was $8.1-million or 5 cents per share compared to a loss of $1.8-million or a penny per share.

Analysts were expecting revenue of $72.5-million and earnings of 7 cents per share.

**

Primero Mining Corp. (P-T; PPP-N) reported a third-quarter loss $11.7-million or 6 cents per share compared to a loss of $5.4-million or 3 cents a year ago.

Revenues were $57-million down from $79.2-million a year ago.

Analysts were expecting revenue of $72.9-million.

**

Black Diamond Group Ltd. (BDI-T) reported third-quarter revenue of $27.4-million, down 54 per cent from a year ago "primarily due to the impact of low commodity prices."

Its net loss was $7.9-million or 18 cents per share compared with net income of $8-million or 19 cents a year ago.

Analysts were expecting a loss of 5 cents per share and revenue of $29-million.

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American Hotel Income Properties REIT LP (HOT.UN-T) reported third-quarter revenues of $44.5-million (U.S.), up 10 per cent compared to $40.3-million for the same quarter last year.

Net income was $3.9-million or 9 cents per share compared to $2.7-million or 8 cents a year ago.

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Chesswood Group Ltd. (CHW-T) increased its monthly dividend by 7.7 per cent to 7 cents per share from 6.5 cents per share.

It also reported third-quarter net income of $5.1-million or 29 cents per shares compared to $3.1-million or 17 cents for the same quarter in 2015.

Analysts were expecting earnings of 22 cents.

"Our net income was also excellent this quarter while our operating earnings were impacted by a $1.9-million increase in our non-cash portfolio reserve on behalf of our non-prime U.S. equipment finance portfolio," stated CEO Barry Shafran.

Operating earnings were $7.2-million in the third quarter, compared to $6.8-million in the third quarter of last year.

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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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