Today we feature Terra Firma Capital Corp. (TSXV: TII), a real estate finance company, as the top momentum gainer, since the stock surged over 13% during the last two consecutive trading days with more shares exchanging hands than in normal session. TII was the top gainer in the Canadian financial space after climbing 14.8% during the last session and closing at its 52-week high of C$0.62 while recording greater than average volume of 2.73 million shares. During the past 5-trading sessions, TII gained 31.9% with 5-day daily average trading volumes of 1.0 million shares, while the stock accumulated over 37.8% during the past month with 30-day daily average trading volumes of 199,447 shares. The stock has provided returns of over 44% during this year, so far. Last week, TII reported its first quarter 2014 earnings. The company that total revenues grew 62% to C$2.7 million during the quarter from the same quarter last year, while net income came at C$0.62 million or C$0.02 per share, up 133% over the corresponding period last year. Total assets increased by 28% to C$73 million from C$57.1 million in same quarter of 2013.
Company Description:
Terra Firma Capital Corp. (TSXV: TII) is a real estate finance company that provides customized equity and debt solutions to the real estate industry. The company is engaged in the arrangement of and participation in real property financings secured by investment properties and commercial and residential real estate developments, throughout Canada and the United States.
1-Year Stock Chart:
Source: Bloomberg
