Ag Growth International Inc. (T.AFN) hit a new 52-week high of $31.85; Ag Growth International reported its financial results for the three and six months ended June 30, 2009. Sales increased 19% in the second quarter to $66.8 million from the prior-year quarter, while net earnings leapt 120% to $16.4 million, EBITDA jumped 61% to $18.2 million.
For the year’s first half, sales increased 34% to $122.1 million from the same period last year, net earnings headed higher by 184% to $26.6 million, EBITDA rocketed ahead 86% to $30.9 million.
Lydian International (T.LYD) hit a new 52-week high of 83 cents; Lydian International announced the first results from a 14,000-metre step-out drilling program recently initiated at its Amulsar gold discovery in Armenia.
Drilling for this season is focused on stepping out and away from the current one million ounce inferred resource to test the true size-potential of the Amulsar gold mineralized system.
Analyses from the first 17 reverse circulation drill holes have returned positive results with best intersections including, RCA-079, 75 metres at 1.1 g/t (grams per tonne) gold, RCA-080, 64 metres at 1.0 g/t gold, RCA-082, 82 metres at 2.5 g/t gold.
Genworth MI Canada (T.MIC) hit a new 52-week high of $22.77; no news announcements today
Pacific Rubiales Energy (T.PRE) hit a new 52-week high of $12.69; no news announcements today
Troy Resources NL (T.TRY) hit a new 52-week high of $1.64; no news announcements today.
