Going public is one of the most important milestones for any company, as it can generate funds to grow a business and possibly make early investors rich. The process isn’t always smooth, though, as the following four Canadian companies are likely less than satisfied with their share price performances during the past quarter.
Western Uranium Corp (CSE: WUC) – $4.75
Non-gold Precious Metals & Minerals
Western Uranium Corporation, formerly Homeland Uranium Inc., is a Canada-based uranium exploration company. The Company is engaged in the business of evaluation and exploration of uranium resource properties in Niger, West Africa. It owns 100% of the Agelal and Asekra projects, which cover a combined area of approximately 2,000 square kilometers over eight exclusive exploration concessions.
- IPO Date: 11-22-2014
- Market Cap: $57,233,973
- Revenue (Last 12 Months): $0
- Stock Price Return (Last 3 Months): + 5.56%
Journey Energy Inc. (TSX: JOY) – $4.98
Oil & Gas Exploration and Production
Journey Energy Inc. (Journey)) is a Canada-based exploration and development company. The Company is engaged in the exploration, development, and production of crude oil and natural gas in the Western Canada Sedimentary Basin. The Company focusses on the drilling program for oil and liquids rich formations in the two key areas of Matziwin and Herronton.
- IPO Date: 6-15-2014
- Market Cap: $165,151,291
- Revenue (Last 12 Months): $172,984,000
- Stock Price Return (Last 3 Months): -8.12%
DataWind Inc. (TSX: DW) – $2.36
Computer Hardware
DataWind Inc. is a Canada-based provider of wireless web access products and services. It provides Internet connectivity services for unconnected people across the globe. Its product portfolio includes Aakash/UbiSlate tablets; and the PocketSurfer5X, the PocketSurfer5 and the PocketSurfer3G5 android smartphones.
- IPO Date: 6-6-2014
- Market Cap: $51,932,208
- Revenue (Last 12 Months): $26,185,023
- Stock Price Return (Last 3 Months): -31.59%
