Badger Daylighting Ltd. (TSE:BAD), a construction stock, jumped after swunging to a second-quarter profit
Sean Mason | August 12, 2016 | SmallCapPower
A brighter outlook boosted a construction stock Friday, which was our Top Pick of the Week. Here’s some small stocks making big moves on Friday, August 12, 2016 (as of 4 pm EST):
Badger Daylighting Ltd. (TSE:BAD) shares climbed 17% to $24.72 on Friday after the provider of non-destructive excavating services announced that it swung to a second-quarter net profit of $6.0 million compared with a loss of $10.5 million during the same period last year. The Company also noted that it expects continued improvement in financial results and growth for the remainder of the year, saying “the challenging oil and natural gas market will drag less on overall business growth as this market segment will become less of a factor due to the non-oil and gas sectors continued growth.”
Did you know that Badger Daylighting was our Top Stock Pick of the Week just two days ago (Watch the video)! Since that time its share price has increased more than 20%.
As well, shares of Concordia International Corp. (TSE:CXR) sank 39% to $12.95 as the pharmaceutical company said it has suspended its dividend following the release of its Q2 financial results.
IBI Group Inc. (TSE:IBG), meanwhile, reported that its second-quarter revenue increased by 11.7% to $90.4 million, while its net income for the quarter rose to 4.5 million from $1.6 million during the same period last year. IBI Group stock moved up 10% to $5.75 following the announcement.
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