Canadian cannabis stock climbs on financial results
A quarter-over-quarter revenue surge powered a Canadian cannabis stock Tuesday. Here’s some small stocks making big moves on Tuesday, February 26, 2019 (as of 11:30 am EST):
48North Cannabis Corp. (TSXV:NRTH), a Canadian cannabis stock, jumped 14% to $1.06 on Tuesday after announcing second-quarter revenue of $2.4 million, an 88% quarter-over-quarter increase.
As well, shares of SunOpta Inc. (TSX:SOY) sank 39% to $3.20 as the organic, non-genetically modified and specialty foods provider said it has fired its President and Chief Executive Officer David Colo.
North American Construction Group Ltd. (TSX:NOA), meanwhile, reported a 60% increase in its fourth-quarter revenue to $131.0 million, while Adjusted EBITDA for the quarter rose 57% to $28.4 million. North American Construction Group stock moved up 9% to $16.43 following the announcement.
Finally, Aura Resources Inc. (TSXV:AUU) shares rose 50% to $0.06 after the junior explorer announced that it has discovered a base metal and gold target on the Greyhound project in Nunavut, Canada.
Follow us on Instagram
Connect with us on Linkedin