The big Quebec winner for the month of March on the Toronto Stock Exchange is the stock of mdf commerce.
The action of the Longueuil e-commerce platform operator mdf trade appreciated by 56% in March after the announcement during the month of a purchase offer from the New York investment firm KKR.
The titles ofAtkinsRealis (+21%), from the producer of precious metals Aya (+20%), Nuvei (+19%) and Bomber (+18%) also recorded attractive gains in March.
On the other hand, the title of the Quebec supplier of driving assistance software LeddarTech (-33%) and that of the Montreal biotechnology company Therapeutic Repairs (-32%) had a difficult month on the NASDAQ. In Toronto, ADF Group (-12%), Deckchair (-11%) and Coveo (-10%) also fell appreciably in March.
The head of riskAtkinsRealis bought more than half a million dollars worth of shares in the Montreal engineering firm formerly known as SNC-Lavalin in March. Nigel White purchased a block of 9,953 shares on March 22 at a unit price of $55.92.
If Lightspeed decides to close its capital to become a private company again, analyst Daniel Chan, of TD, estimates that a buyout multiple valuing the action of the Montreal supplier of technological solutions for merchants at around $22 is possible. This price is the equivalent of a premium of around 60% to the stock price at Monday’s close of trading.
Two directors of ECB have just purchased a total of more than half a million dollars worth of shares in the Montreal telecommunications giant. Robert Simmonds purchased 12,000 shares during the March 14 and 15 sessions. He has been a member of the council for 13 years. His colleague Louis Pagnutti, for his part, bought 1,500 shares on March 14. He has been on the board since 2020.
A member of the board of directors of Stella-Jones recently purchased nearly $150,000 worth of shares in the Montreal supplier of telephone poles and railway ties. A director of the company for a dozen years, Simon Pelletier purchased 2,000 shares on March 13 at a unit price of $73.15. The head of human resources, Richard Cuddihy, for his part purchased 500 shares on March 14.
Two leaders of NanoXplore have just purchased several blocks of shares of the Montreal graphene producer. Chief Operating Officer Rocco Marinaccio purchased a total of 32,580 shares between February 21 and March 22. The head of corporate development, Pierre-Yves Terrisse, for his part purchased a total of 17,600 shares between February 29 and March 20.
Two decision-makersInnergex have just purchased several blocks of shares in the Quebec renewable energy producer. CEO Michel Letellier purchased 4,000 shares on March 20 and another block of 4,000 shares on March 25, while board chairman Daniel Lafrance purchased a total of 6,000 shares on March 13 and 19. Daniel Lafrance has been a member of the council for 14 years.
This section presents each week a list of Quebec securities which have just reached a new high or a new low over the last 52 weeks to give an overview of the trend (upward or downward) that certain securities are following. It’s also a way to see what’s working (well or less well) on the market and, possibly, to uncover new investment ideas. It can also be a way to discover titles.
Quebec titles of WSP, 5N More, Tecsys, Bank National, AYA And Bausch Health all hit a 52-week high this week on the Toronto Stock Exchange.