Small caps to watch: Mullen Group shares jump on earnings, A&W sales rise and Goodfood announces review to deal with debt
· The Globe and Mail
AI Briefing
- Mullen Group shares jump 8.3% on strong Q2 earnings.
- A&W sales rise 4.4% in Q2, beating expectations.
- Goodfood announces review to address debt and improve financials.
Context
Canada's S&P/TSX Small Cap Index has risen by about 48 per cent over the past 52 weeks. It reached a record high of 1,496.55 on June 2. The index is being closely watched as several small-cap stocks are making news.
The performance of small-cap stocks matters as it can indicate the overall health of the market. For comparison, the Russell 2000 in the US has risen about 30 per cent over the same period, showing a significant increase in small-cap stocks on both sides of the border.
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