Latest Reports on Tidewater Midstream and Infrastructure, Dalradian Resources, Spartan Energy, and Wi LAN

NEW YORK, NY / ACCESSWIRE / August 26, 2016 / The S&P/TSX Composite Index fluctuated between gains and losses Thursday before settling to close at 14,630.72, up 0.03 percent. Strong quarterly earnings by Canadian Imperial Bank of Commerce and Toronto-Dominion Bank were offset by a drop in gold prices. Spot gold touch a four-week low in trading Thursday after economic data release in the raised speculation of a potential rate hike by the Federal Reserve. The S&P/TSX Venture Composite Index gained 1.56 percent to close at 801.86, still down by 3.75 percent so far this week. Register with us now for your free membership and gain access to our latest reports at: www.rdinvesting.com/subscribe-today/

Tidewater Midstream & Infrastructure Ltd. (TSX-V: TWM)

Get Your Up-To-Date Tidewater Research Report at www.rdinvesting.com/company/TWM.

Tidewater’s shares gained 3.16 percent to close at C$1.47 a share Thursday. The stock traded between C$1.42 and C$1.48 on volume of 2.27 million shares traded. The company reported net earnings were C$3.2-million for the second quarter of 2016, compared to loss of C$554,000 in the second quarter of 2015. Adjusted EBITDA total C$9.3-million in the second quarter, compared to a loss of C$190,722 a year ago. Shares of Tidewater have gained approximately 2.1 percent year-to-date and are up roughly 14.0 percent in the past month.

Dalradian Resources Inc. (TSX: DNA)

Get Your Up-To-Date Dalradian Resources Research Report at www.rdinvesting.com/company/DNA.

Dalradian Resources’ shares gained 1.60 percent to close at C$1.27 a share Thursday. The stock traded between C$1.24 and C$1.35 on volume of 1.75 million shares traded. The company reported a net loss of C$1.4-million for the second quarter of 2016, compared with a net loss of C$1.2-million in the second quarter of 2015. Cash and cash equivalents totaled C$22.7-million at June 30, 2016. Shares of Dalradian Resources have gained approximately 60.8 percent year-to-date and are up roughly 23.3 percent in the past month.

Spartan Energy Corp. (TSX: SPE)

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

Spartan Energy’s shares gained 1.45 percent to close at C$3.49 a share Thursday. The stock traded between C$3.40 and C$3.51 on volume of 1.50 million shares traded. The company reported average production of 9,080 barrels of oil equivalent per day (boe/d), 94 per cent oil and liquids, for the second quarter of 2016, an increase of 4 percent year-over-year. On August 24th, Spartan Energy announced the completion of a C$80.8 million equity financing at C$3.18 per share. Shares of Spartan Energy have gained approximately 47.9 percent year-to-date and have gained roughly 6.1 percent in the past month.

Wi-LAN Inc. (TSX: WIN)

Get Your Up-To-Date Wi-LAN Research Report at www.rdinvesting.com/company/WIN.

Wi-LAN’s shares dropped 4.39 percent to close at C$2.18 a share Thursday. The stock traded between C$2.16 and C$2.27 on volume of 513,252 shares traded. On August 2nd, the company announced it’s Wi-LAN wholly owned subsidiary, Anton Innovations Inc., has acquired multimodal WiFi technology patents from MLR LLC. “Wi-LAN’s well-earned reputation for conducting successful licensing programs on behalf of inventors was a crucial factor in MLR’s decision to partner with WiLAN on this portfolio,” commented Charles Leedom Jr., president of MLR. Shares of Wi-LAN have gained approximately 17.8 percent year-to-date, but have fallen roughly 35.3 percent in the past month.

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