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Baystreet.ca - Alphamin, CIBC, Chartwell at 52-Week Highs on News


Alphamin, CIBC, Chartwell at 52-Week Highs on News
Alphamin Resources Corp. (V.AFM) hit a new 52-week high of 68 cents on Friday. Alphamin announced Record Q1 EBITDA of $36,5m , at a tin price of $23,083/t (Current: ~$29,000/t.
Canadian Imperial Bank of Commerce (T.CM) hit a new 52-week high of $130.79 on Friday. CIBC has outperformed much of the Canadian banking sector due to the resilience of its underlying business. A cost-to-income ratio of 54.9% in Q1 2021 reflects improvement in its operational efficiency.The economic recovery and a strong capital markets outlook should drive further growth in near-term earnings.
Chartwell Retirement Residences (T.CSH.UN) hit a new 52-week high of $12.97 on Friday. Chartwell announces that Institutional Shareholder Services Inc. (“ISS”), an independent proxy advisory firm that provides voting recommendations to shareholders, has issued a positive review of the Company s key resolutions relating to their upcomi ....

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Firm Capital Property Trust Announces Solid 2020 Results


S
ectors: The Trust has decided that it would strategically focus its near-term acquisition efforts on the industrial and multi-residential sectors across Canada by reducing its exposure to its non-core retail assets. In this regard, we have initially identified 13 non-core retail assets for disposition and have transferred approximately $20 million from our core portfolio to “Assets Held for Sale”. To date three properties have been sold and the remaining 10 are under contract and are expected to close through 2021. The program is ongoing and we expect the identification of further non-core retail assets for sale and redeployment into the industrial and multi-residential sectors as the year continues. ....

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