As Canadian investors returned from spring break, the country’s main stock index closed higher on Monday, buoyed by consumer staples stocks and a robust energy market. Gold prices reached a new all-time high, reflecting investor caution amid concerns over US President Donald Trump’s impending tariffs.
What the “Buzz”
Our Bullboards have up to 2 million pageviews a day. Get the inside scoop on conversations around the most significant trends and stock appreciations in our weekly wrap up.
Get “Buzz on the Bullboards” delivered to your inbox every Thursday!
Buzz on the Bullboards | Sign Up Here
The TSX climbed in the final hours before the tariffs were set to be implemented, with President Trump announcing extensive reciprocal tariffs on global trading partners, dubbing it “Liberation Day.” These tariffs, effective immediately, are expected to lead to price hikes and provoke retaliatory actions from affected nations. Fortunately, Canada was exempt from these reciprocal tariffs.
KWG Resources Inc. (CSE:CACR, Forum) operating as The Canadian Chrome Company, has recently garnered attention from Prime Minister Mark Carney and Conservative Leader Pierre Poilievre regarding the development potential of the Ring of Fire. This mineral-rich area has long been considered one of Canada’s greatest treasures, and the support from the Webequie and Marten Falls First Nations signals unity and progress.
KWG Resources is focused on the exploration and development of large-scale mineral deposits, including chromite, base metals, and strategic minerals. The company owns 100 per cent of the Black Horse chromite project and holds interests in other significant projects such as the Hornby claims, McFaulds copper/zinc project, and Big Daddy chromite project. The Ring of Fire’s development presents a unique opportunity to highlight Canada’s mineral wealth to U.S. and Canadian capital markets, promising economic growth and strengthened cross-border ties.
PyroGenesis Inc. (TSX:PYR, Forum), a high-tech company specializing in all-electric plasma processes and sustainable solutions, has announced impressive financial results for its Q4 and full year ended December 31, 2024
Key highlights include:
- Q4 2024 revenue: $4.22 million, up 40 per cent year-over-year
- Gross margin: 41.3 per cent, an 18-point improvement
- Net income: $145,320, compared to a loss of $9.8 million in Q4 2023
- Revenue backlog: $54.4 million, with 87 per cent in U.S. dollars
- Modified EBITDA: $1.8 million, a significant improvement from a loss of $7.9 million
For the full year 2024, PyroGenesis reported revenue of $15.7 million, up 27 per cent year-over-year, and a net loss of $6.7 million, a 77 per cent improvement from the previous year. The company’s technologies support heavy industry in their energy transition, emission reduction, and waste remediation efforts, positioning PyroGenesis for continued growth in 2025.
Tilray Brands Inc. (TSX:TLRY, Forum) has officially transitioned the cultivation of its flagship cannabis strain, Good Supply Jean Guy, to its state-of-the-art production facility in Masson-Angers, Québec. Previously cultivated in Ontario, the iconic Jean Guy strain is now produced in Québec, allowing Tilray to leverage the capabilities of its high-performance facility.
Tilray’s Masson-Angers facility employs over 100 residents and produces more than 12 tonnes of cannabis annually, with potential for further expansion. The facility utilizes advanced technology to ensure high-quality cannabis products for consumers. In celebration of this transition, Tilray will unveil new packaging featuring an updated logo, symbolizing its commitment to the Québec community.
Save your loonies
Investors should take note of these news-making stocks and conduct thorough due diligence to ensure their portfolios are up to date. KWG Resources, PyroGenesis, and Tilray Brands each present unique opportunities and challenges, reflecting the dynamic nature of the Canadian market. Stay informed and make strategic decisions to navigate the ever-changing investment landscape.
For previous editions of Buzz on the Bullboards, click here.
Get “Buzz on the Bullboards” delivered to your inbox every Thursday!
Buzz on the Bullboards | Sign Up HereJoin the discussion: Find out what everybody’s saying about these stock on Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image generated with AI.)
