Post by
BayWall on Mar 30, 2021 9:31am
C$200 million transaction
Bid price this morning. Almost no change from the closing price yesterday. As if the news never existed. It's a transaction worth C$200 million. (US$100 million x 1.25 exchange rate + 50 million shares at 1.50=C$200 million). As the CEO says, it's a tranformative acquisition to help scale.
Comment by
BayWall on Mar 30, 2021 9:37am
The market price drops on the news. This is rare. A lot of positive numbers to digest. Can get lost, without a stock analyst's comment. Well Canaccord, what's your take on this transaction.