4:05pm: Electric Royalties shares add to gains late day
CanadaBis Capital closed up 50% at $0.15, while WonderFi Technologies rose 25% to $0.20, Electric Royalties finished 21% higher to $0.375, and Excellon Resources ended up 20% at $0.445.
11:55am: CanadaBis Capital, WonderFi Technologies shares make big gains
CanadaBis Capital Inc (TSX-V:CANB) shares jumped 65% to $0.165 on Monday after the vertically-integrated Canadian cannabis company announced that its fiscal second-quarter 2023 net revenue rose 124% to a record $6.2 million, while its net income for the period increased 373% year over year to $1.3 million.
As well, shares of WonderFi Technologies Inc (TSX:WNDR) surged 25% to $0.20 as the crypto-trading platforms provider said it will combine its operations with Coinsquare and CoinSmart to create Canada's largest regulated crypto asset trading platform with 1.65 million registered users.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF), meanwhile, updated investors on its current royalty portfolio, noting that the Authier lithium project is nearing production as part of the largest lithium mining operation in Canada. The company holds a 0.5% gross metal royalty on the project. Electric Royalties stock popped 18% to $0.365 following the announcement.
READ: Electric Royalties says Authier lithium project is nearing production
And, Excellon Resources Inc. (TSX:EXN, OTCQB:EXNRF) shares gained 23% to $0.455 on Monday after the gold, silver and base metals projects developer announced the reversal of a US$22 million liability from its March 31, 2023, consolidated balance sheet, relating to the previously-disclosed judgment against one of the company's subsidiaries in Mexico.
Contact Sean at sean@proactiveinvestors.com