Each week, we do an overview of insider trading, investment in young companies here and in the news about companies listed in the stock Exchange.
Wholesale purchases at Power Corporation
Three officers and a director of Power Corporation have taken advantage of falling markets to get their hands on shares of the conglomerate in montreal. The CEO Jeffrey Orr (left) has purchased more than $ 1.1 million of the securities last week, while Paul Desmarais III, the son of Paul Desmarais, Jr (right) has invested a little more than 26 000 $ in the business.
Of the start-ups concerned
The crisis affected also the young companies (start-up). Nearly 60 % of them do not have cash for three months or less, reveals a recent survey of the Movement of the accelerators of innovation in Quebec. The start-up‘s surveyed anticipate that their income will drop by 50 % on average by 2020. Several rounds of funding have had to be discontinued because of the instability of the markets.
The CEO of Fiera invests
Jean-Guy Desjardins, chairman and founder of Fiera Capital, has disbursed approximately 405, 000 on the 23rd of march to purchase 80,000 shares of the manager, montreal at an average unit price of 5,06 $. He made a good move since the stock is currently trading above $ 5.50. Another officer of the company, Jean-Philippe Lemay, was less fortunate, investing a little more than $ 51,000 at an average cost of 6.14 cents per share.
Boralex wins in France
Many of the awards of contracts have been suspended due to a pandemic, but not all. Boralex has won four tenders from the French ministry of the ecological Transition and solidarity for two wind projects and two solar projects totaling 70 megawatts. There are less than a month, Boralex had won four solar projects of 180 MW in the State of New York. In medallion, the CEO of Boralex, Patrick Lemaire.
They recover in Stingray
The CEO of Stingray, Eric Boyko (photo), and the chairman of the board of the company, Mark Pathy, have continued their shopping in the last two weeks. Mr. Boyko has purchased for 808 000 shares of Stingray, while Mr. Pathy has acquired for nearly $ 2.7 million.