Latest Reports on Canopy Growth, Cineplex, Crew Energy, and Potash Corp. of Saskatchewan

NEW YORK, NY / ACCESSWIRE / August 23, 2016 / Canadian markets slumped Monday as the loonie dropped against the U.S. dollar in early trading. The S&P/TSX Composite Index hit a low of 14.616.91 early Monday before settling to close at 14,748.19, up 0.41 percent. The benchmark index saw a decline of 0.4 percent last week. The S&P/TSX Venture Composite Index touched a low of 819.15 before settling to close at 820.24, down 1.54 percent. Lower oil and precious metal prices saw the loonie fall by as much as 0.59 percent from Friday’s close. Gold for December delivery fell $3.30 to US$1,342.90 an ounce in trading Monday, while September copper contracts fell $0.02 to US$2.14 a pound. Register with us now for your free membership and gain access to our latest reports at: www.rdinvesting.com/subscribe-today/.

Canopy Growth Corp. (TSX: CGC)

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Canopy Growth Corp.’s shares declined 2.07 percent to close at $3.78 a share Monday. The stock traded between $3.65 and $3.89 on volume of 1.21 million shares traded. On July 26th, Canopy Growth became the first cannabis producing company in North America listed on a major exchange. The company is scheduled to release results for the first quarter of fiscal 2017 August 29th, 2016. Canopy Growth recently announced an increase to its bought deal financing to $30,003,000 from $25,000,000. Shares of Canopy Growth Corp. have gained approximately 18.2 percent year-to-date since its debut on the TSX.

Cineplex Inc. (TSX: CGX)

Get Your Up-To-Date Cineplex Research Report at www.rdinvesting.com/company/CGX.

Cineplex’s shares increased 0.39 percent to close at $51.62 a share Monday. The stock traded between $51.34 and $51.73 on volume of 194,771 shares traded. On August 19th, the company announced a dividend of $0.135 a share for the month of August, payable on Sept. 30, 2016, to shareholders of record on Aug. 31, 2016. Cineplex reported revenues were $338.0 million in the second quarter of 2016, a decrease of 2.2 percent when compared to a year ago. Shares of Cineplex have gained approximately 8.6 percent year-to-date and are down roughly 0.83 percent in the past month.

Crew Energy Inc. (TSE: CR)

Get Your Up-To-Date Crew Energy Research Report at www.rdinvesting.com/company/CR.

Crew Energy’s shares declined 0.95 percent to close at $6.25 a share Monday. The stock traded between $6.14 and $6.30 on volume of 812,709 shares traded. The company reported production of 21,950 barrels of oil equivalent per day for the second quarter of 2016, 24 percent higher than a year ago and 8 percent lower than the previous quarter. Generated funds from operations totaled $16.0 million in the second quarter, an increase of 37 when compared to the first quarter of 2016. Shares of Crew Energy have gained approximately 54.3 percent year-to-date and are up roughly 5.9 percent in the past month.

Potash Corporation of Saskatchewan Inc. (TSX: POT)

Get Your Up-To-Date Potash Corp. of Saskatchewan Research Report at www.rdinvesting.com/company/POT

Potash Corp.’s shares gained 1.25 percent to close at $21.06 a share Monday. The stock traded between $20.61 and $21.06 on volume of 1.47 million shares traded. Potash Corp. reported earnings of $121 million, or $0.14 per share, for the second quarter of 2016. The company has announced plans to cut its dividend by 60 percent to $0.10 a share. Shares of Potash Corp. of Saskatchewan have fallen approximately 11.1 percent year-to-date and are down roughly 5.5 percent in the past month.

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