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This is your newsletter for May 1, 2017. Today we take a close look at the first quarter of 2017, which has seen almost as much Canadian IPO activity as all of 2016, raising $13.3 billion of equity capital, a 206% increase year over year. Plus, see our Canadian small caps that could make big moves this week.
Canadian IPO Markets are Waking Up After its 2016 Hibernation: SmallCapPower Special Report
Altogether the 2017 IPOs raised $13.3B of equity capital, a 206% increase Y/Y.
In this report, we focus our attention on Canada’s fastest-growing sector: technology. Having already witnessed the success of eCommerce giant Shopify (TSX:SHOP)—which had its initial public offering in May 2015—we will shift our focus on the digital advertising space.
5 Canadian Small Caps That Could Make Big Moves This Week
Analyst forecasts point to 50%+ EPS growth for the Canadian small caps on our list. Considered by many to be the single most important variable in determining a stock’s price, earnings per share (EPS) is a valuation metric that refers to the portion of a company’s profit allocated to each outstanding share of common stock.
PyroGenesis Announces 2016 Results (TSXV: PYR): Despite a decrease of 16% in revenues, and non-cash write-offs totaling $2.8MM, Gross Margins (before non-cash items) Increased to 41%; EBITDA (Adj.) Improved 33% Year Over Year
Goldbelt Empires Announces Geochemical Orientation Survey (TSXV: GBE): TheCompanyannounced today it has commissioned a geochemical orientation survey (the Phase IIA exploration program) over the Farana Prospect, the Syinsorola Trend, the Northern Line Prospect, and the K3SX Prospect, located in the Company's South Morila gold concession in Mali.
Viscount Mining Identifies Promising Gold and Silver Exploration Targets At Cherry Creek, Nevada (TSXV: VML): The CompanyAnnounces the identification of promising gold and silver exploration targets on its 100%-owned Cherry Creek project in northwestern White Pine County, Nevada
Relevium Provides Corporate Update on BioGanix Acquisition (TSXV: RLV) The consolidator of e-commerce assets in Health and Wellness provided its shareholders with an update on the acquisition of BioGanix.