Opinion | Dollarama generates strong revenue growth and Kinross shares dip on acquisition announcement. Here are the past week’s winners and losers
Summary
North West Company is a retailer that caters to underserved rural communities and urban neighbourhood markets. Investors seemed pleased with the third quarter results, pushing the share price up more than seven per cent by end of day Thursday. Neil Rossy, CEO, was pleased with the results, adding that the company “generated strong EPS growth and an industry-leading gross margin despite the various headwinds impacting the retail sector.” Dye & Durham is a cloud-based software and technology solutions company that serves the legal, financial and government markets. Matt Proud, CEO of Dye & Durham, added that the transaction “is consistent with our growth strategy, adds significant scale within our current Canadian business, and is very well suited for our proven “acquire and integrate” playbook.” The news was well received by shareholders, with the stock price of Dye & Durham soaring more than 14 per cent by end of day Thursday. Shares of Nuvei closed more than 31 per cent lower by end of day Thursday as short-seller firm Spruce Point Capital released a report on Wednesday accusing the company of misconduct.