Dollarama Inc. (T.DOL) hit a new 52-week high of $25.83; Dollarama Inc. reported significant increases in sales and net earnings today for the first quarter ended May 2, 2010.
Financial and Operating Highlights: First-quarter sales increased 14.1%; first-quarter comparable store sales increased 8.6%; gross margin increased to 34.3% from 33.4%; normalized EBITDA up 28.6% ending at $45.2 million; normalized EBIT up 32.2% ending at $38.5 million; diluted net earnings per share for the quarter increased to $0.30 from $0.26; net debt declined to $397.4 million as of May 2, 2010
Quest Capital Corp. (T.QC) hit a new 52-week high of $1.54; Quest Capital Corp. announced today that it has signed a letter of intent with Sprott Consulting Limited Partnership pursuant to which Sprott will manage a rebranded Quest.
Quest will change its lending strategy from real estate lending to natural resource lending and rebrand itself changing its name to reflect its new affiliation. The Corporation will convene a shareholders' meeting in August 2010 to approve the transaction contemplated by the LOI and the Corporation's change of name to Sprott Resource Lending Corp.
