Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week (Feb 17-21)
🚀 Top Gainers
Symbol | Company Name | Last Price (CAD) | % Change |
|---|---|---|---|
Data Communications Mgmt Corp | $2.19 | 🟩 +15.87% | |
Serabi Gold Plc | $3.02 | 🟩 +7.86% | |
Premium Global Income Split Corp | $7.39 | 🟩 +7.73% | |
StorageVault Canada Inc | $4.00 | 🟩 +7.24% | |
Trilogy Metals Inc | $2.22 | 🟩 +6.73% |
SPONSORED
Here’s Why Over 4 Million Professionals Read Morning Brew
Business news explained in plain English
Straight facts, zero fluff, & plenty of puns
100% free
📉 Top Losers
Symbol | Company Name | Last Price (CAD) | % Change |
|---|---|---|---|
Galaxy Digital Holdings Ltd | $22.76 | 🟥 -11.27% | |
Ivanhoe Mines Ltd | $14.97 | 🟥 -11.26% | |
Perpetua Resources Corp | $11.83 | 🟥 -9.49% | |
Iamgold Corp | $8.16 | 🟥 -8.93% | |
Taseko Mines Ltd | $2.91 | 🟥 -8.49% |
📌 Market Highlights
Data Communications Mgmt Corp (DCM-T)
DCM's stock surged 15.87% following the announcement of a new dividend program and the declaration of a special dividend, reflecting strong financial performance and confidence in its future cash flows.
Galaxy Digital Holdings Ltd (GLXY-T)
Despite recent plans to develop AI data center infrastructure at its Helios campus in West Texas, Galaxy Digital saw an 11.27% drop, possibly due to investor concerns over regulatory risks and cryptocurrency market fluctuations.
Perpetua Resources Corp (PPTA-T)
Perpetua Resources commenced detailed engineering on its Stibnite Gold Project, reporting a $3.7 billion after-tax NPV and a 27% after-tax IRR at spot prices. However, the stock fell 9.49%, potentially due to funding uncertainties and market skepticism over execution risks.
StorageVault Canada Inc (SVI-T)
StorageVault reported solid fiscal 2024 results, with revenue rising to $304.7 million and same-store NOI growing by 3.3%. The company completed $215 million in acquisitions and expanded its platform by 825,000 rentable square feet. Looking ahead to 2025, StorageVault plans to execute over $100 million in acquisitions and continue increasing free cash flow. Additionally, the company renewed and upsized its credit facility to $400 million and raised its quarterly dividend. In response to strong fundamentals and valuation appeal, Canaccord Genuity upgraded the stock to "Buy" with a price target of C$4.50
