By Adriano Marchese
Stocks were higher in midday trading on Monday, climbing steadily throughout the morning, in step with other global markets. Most sectors were trending higher in the session, led by gains in consumer discretionary, process industries, and commercial services. Only tech services posted declines.
Canadian Stock Market Performance
At midday, Canada’s S&P/TSX Composite Index was 0.63% higher at 21142.52. The blue-chip S&P/TSX 60 was 0.55% higher at 1276.68.
Sigma Lithium Receives Preliminary Approval
Shares of Sigma Lithium were 1.8% higher at 20.18 Canadian dollars ($15) after the dual-listed lithium producer said it received preliminary approval from the Development Bank of Brazil to fund its Quintuple Zero Green Lithium Grota do Cirilo.
NFI Group Receives Order for Electric Buses
Shares of NFI Group were 1.3% higher at C$12.16 after it said its subsidiary received an order for 33 double-decker zero-emission Enviro500EV buses, marking the introduction of its next-generation electric-bus technology in North America.
Perpetua Resources Secures Additional Funding
Perpetua Resources shares were 6.7% higher at C$2.97 after it said it received $34.6 million in additional funding from the U.S. Department of Defense to develop its Stibnite gold project in central Idaho.
Emerge Commerce Achieves Positive Organic Revenue Growth
Emerge Commerce shares climbed by 20% to C$0.06 after the company announced that it has achieved positive organic revenue growth in January after a year of focusing on debt repayment.