Badger Daylighting Ltd. (TSX: BAD), an infrastructure services stock, shot up after announcing a profit surge, dividend increase
Sean Mason | August 14, 2017 | SmallCapPower
Surging profits and a big dividend hike boosted an infrastructure services stock Monday. Here’s some small stocks making big moves on Monday, August 14, 2017 (as of 11:30 am EST):
Badger Daylighting Ltd. (TSX: BAD), an infrastructure services stock, climbed 12% to $29.59 on Monday after announcing a second-quarter net profit of $14.7 million, up from $6.0 million during the same period last year, on a 34% increase in revenue to $123.4 million. The Company also approved a 15% increase in its monthly dividend to $0.038 per share.
As well, shares of PyroGenesis Canada Inc. (TSXV: PYR) rose 4% to $0.71 as the provider of plasma technology said it has developed a new plasma-based process to produce metal powders which, not only enables MIM cut powder production at higher volumes, but may have a greater impact on the market than the Company’s original Plasma Atomization technology. PyroGenesis added that the previously announced ramp-up phase for its first powder production system remains on schedule.
Firestone Ventures Inc. (TSXV: FV), meanwhile, reported that it has completed agreements to settle an aggregate of $474,840 of debt owed to a Company controlled by a current director and a former officer of Firestone Ventures, in consideration for the issuance to the creditors of an aggregate of 9,496,800 common shares of Firestone, at a deemed price of $0.05 per share. Firestone Ventures stock moved up 43% to $0.05 following the announcement.
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