Epic Gold (EPG.CN) on Thursday said it plans to consolidate its shares on a one-for-five the basis effective June 3.
The company currently has 214.7-million shares issued and outstanding, and immediately following the consolidation, the company will have about 42.9-million shares issued and outstanding, it said.
Shares of the company were last seen unchanged at $0.05 on the Canadian Securities Exchange.
RBC Capital Markets on Thursday raised Enerflex's (EFX.TO) price target to US$32 from $31 with an outperform rating.RBC raised its 2027 EBITDA estimates for Enerflex by 4% following the company's virtual investor update, which provided clear insight into its plans to drive growth, expand margins, and create shareholder value over the next five years.Enerflex's strategy is anchored in driving productivity, focusing capital on the highest-value growth opportunities, and allocating capital with discipline to create shareholder returns.Enerflex is part of RBC's Global Energy Best Ideas list and Canadian Small Cap Conviction list.The company traded at $25.18 per share at last look on the New York Stock Exchange.Price: $34.99, Change: $-0.05, Percent Change: -0.14%
Neo Performance Materials (NEO.TO) has completed its $115 million treasury offering of shares, the company said on Thursday.Neo issued and sold 4 million common shares at $28.75 each, which includes the full exercise of the over-allotment option.Proceeds will be used for equipment and automation at Neo's European facilities, expansion of the bonded magnetics business and general corporate purposes.Neo shares were last seen up $0.32, to $33.78 on the Toronto Stock Exchange.Price: $33.69, Change: $+0.23, Percent Change: +0.67%