4:05pm: WELL Health Technologies, Maverix Metals make big gains
WELL Health Technologies Corp (TSX:WELL) shares jumped 11% to close at $3.13 on Thursday after the digital healthcare company announced record third-quarter revenue that rose 47% year over year to $145.8 million, in addition to record Adjusted EBITDA that increased 23% to $27.5 million.
WELL Health added that it is increasing its guidance for 2022 annual revenue to exceed $565 million, from more than $550 million previously, and also expects to generate more than $100 million of Adjusted EBITDA for the year.
As well, shares of Maverix Metals Inc (TSX:MMX) rose 10% to $5.25 as the gold-focused royalty and streaming company said it has agreed to be acquired by Triple Flag Precious Metals Corp (TSX:TFPM) in a US$600 million deal.
Under the terms of the arrangement, Maverix shareholders may elect to receive either US$3.92 in cash, or 0.360 of a Triple Flag share, for each Maverix share held.
READ: Maverix Metals shares soar after streaming company announces acquisition by Triple Flag Precious Metals for US$600M
AutoCanada Inc (TSX:ACQ), meanwhile, reported that its third-quarter revenue increase 34.6% year over year to $1.6 billion, while its Adjusted EBITDA for the period improved 11.9% to $76.4 million.
The North American automobile dealership group also noted that it intends to launch a “substantial” issuer bid to purchase up to $50 million of its common shares at a price of between $25 and $28 per share. Its stock popped 24% to $25.80 following the announcement.
And, Nextech AR Solutions Corp (CSE:NTAR) shares gained 11% to $0.91 on Thursday after the provider of augmented reality experience technologies announced that it is experiencing record demand for 3D models in the fourth quarter, with $700,000 worth of 3D model orders expected to be delivered in the period, and said it shows no sign of slowing down in 2023.
Contact Sean at sean@proactiveinvestors.com