(Image via Canadian National Railway.)
“Sell in May and go away”? Not this year.
June is upon us and from all indications, as the Canadian economy joins markets around the world in attempting to gradually reopen for businesses, there is a lot happening. The week ahead offers a lot of developments for investors to track. Here is a look at what a few of the Canadian companies working across various industries has on deck this week ….
Starting today,
June 1st, is exploration stage company
Mammoth Resources Corp. (TSX-V: MTH), who releases its
year-end
financial statements (the company was granted an extension on this due to the COVID-19 coronavirus pandemic).
Like so many other companies, MTH was forced to temporarily suspend exploration work at its gold-silver property located in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico. Now that restrictions have been lifted, personnel returned to the site to recommence the first half 2020 program of detailed structural, lithologic and alteration mapping and sampling.
(Mammoth Resources Corp. Stock Chart - Dec 2019 - May 2020.)
On Tuesday,
June 2nd, Executive Vice-President and Chief Financial Officer of the
Canadian National Railway Company (TSX: CNR), Ghislain Houle will host a
virtual investor conference from the UBS Virtual Global Industrials & Transportation Conference.
Founded 101 years ago this week, CNR has been the backbone of the Canadian economy. Earnings will likely be lower due to the economic effect of COVID-19, but as a long-term buy, this is a solid option for investors to consider, given the efficiency of management and evolution of its business across Canada and the United States. In early May 2020, CNR announced that after having its second best Q1 western Canadian grain movement (6.59 million metric tonnes (MMT)), the company moved 2.73 MMT in April 2020
, exceeding its previous April record of 2.72 MMT. Movements also exceeded the three-year average of 2.55 MMT for April and March’s record result of 2.65 MMT.
(Canadian National Railway Company Stock Chart - Dec 2019 - May 2020.)
Finally, on
Thursday, June 4th, online dietary supplement and wellness company
Mimi's Rock Corp. (TSX-V: MIMI) will release its
financial results for 2019.
(Image via Mimi's Rock Corp.)
Also delayed due to issues surrounding COVID-19, MIMI is looking to get back to business producing natural health and wellness brands. There is a significant growth opportunity here among domestic and international markets. It was a busy year for the company before the pandemic took hold, growing its product offerings, sending three product shipments to
retail in South Korea and also listing on the OTCQB market under the symbol MIMNF. This stock has already recovered from the market-wide collapse of three months ago.
(Mimi's Rock Corp. Stock Chart - Dec 2019 - May 2020.)
Is there anything happening this week among the stock markets that has you excited? Let us know in the comments below.