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Research Reports / Archive

Research Report ArchivePage 4 of 8

Every research report FRC has published since 2003 — initiating coverage, updates and valuation notes on small- and mid-cap companies. Recent reports are on the Research Reports page.

  • Valuation Metrics Still 6% Below Pre-Pandemic Levels — Bank of Montreal (2021)
  • Valuation Metrics Still 6% Below Pre-Pandemic Levels — BNS (2021)
  • Investors’ Appetite to Remain Strong for MICs — Builders Capital Mortgage Corp. (2021)
  • Q2 Revenue up 74% YoY / Spin-Off Transaction to Be a Catalyst — HALO (2021)
  • Q2 Revenue up 74% YoY / Spin-Off Transaction to Be a Catalyst — Halo Collective Inc. (2021)
  • Robust PEA / Trading at Just 26% of After Tax-NPV — AZZ Inc. (2021)
  • Diversified High-Yield Strategy (2021) — AWM Diversified MIC (2021)
  • Ad Revenue up 196% YoY / Entering China — Kidoz Inc. (2021)
  • Recent Dip in Gold Prices Offering Attractive Entry Points — Barrick Mining Corporation (2021)
  • Recent Dip in Gold Prices Offering Attractive Entry Points — NEM (2021)
  • Solid Production Growth in Q2; Expecting Record Q3 — Golden Minerals Company (2021)
  • Data Privacy Compliance Platform to Amazon and Salesforce Clients - Initiating Coverage — Clough Hedged Equity ETF (2021)
  • Gaining Traction - Reported Highest Monthly Revenue in June — EQOS (2021)
  • Gaining Traction - Reported Highest Monthly Revenue in June — Eqonex Limited (2021)
  • Valuation Metrics Still 6% Below Pre-Pandemic Levels — TD.TO (2021)
  • Transitioning to Cannabis 2.0 / Q1-FY2022 Critical — THC Biomed Intl Ltd. (2021)
  • In an Area Conducive for Lithium Consolidation/ Advancing a Green Technology – Initiating Coverage — Enertopia Corp. (2021)
  • Preparing a Maiden High-Grade Gold Resource – Initiating Coverage — Kingman Minerals Ltd. (2021)
  • Enters Canada Through Three Retail Stores in AB — HALO (2021)
  • Enters Canada Through Three Retail Stores in AB — Halozyme Therapeutics, Inc. (2021)
  • Marketing Dollars Driving Strong Sales Growth — TAAT Global Alternatives Inc. (2021)
  • Profitable U.S. Based Manufacturer of CBD Products – Initiating Coverage — OMID Holdings, Inc. (2021)
  • Trading at a 70% Discount to its Peers — E3 Lithium Limited (2021)
  • $5M to $3.3B in AUM in 18 Months – Initiating Coverage — Voyager Therapeutics, Inc. (2021)
  • Gold Junior Trading at a 80% Discount - Initiating Coverage — Standard Motor Products, Inc. (2021)
  • Near-Term Production Potential in Mali - Initiating Coverage — Cora Gold (2021)
  • Transactions up 1,816% YoY in Q1 — Big Tree Group, Inc. (2021)
  • Maiden Drilling on a New Copper-Gold Porphyry in B.C. - Initiating Coverage — Copper Quest Exploration Inc. (2021)
  • Pursuing a $20M Non-Dilutive Financing and an Aggressive Resource Expansion Drill Program — GRC (2021)
  • Pursuing a $20M Non-Dilutive Financing and an Aggressive Resource Expansion Drill Program — Gold Springs Resource Corp. (2021)
  • A High Yield MIC Focused on First Mortgages / Investors Received 7.2% in 2018 — Three Point Capital (2021)
  • Trading at a 15% Discount to Sector Average Multiples — Builders Capital Mortgage Corp. (2021)
  • Monthly Transactions up 1,000% YoY in April — Banxa Holdings Inc. (2021)
  • Reshuffles Team to Fast Track Production — RCLF (2021)
  • Multiple Upcoming Catalysts — Colibri Resource Corporation (2021)
  • Reshuffles Team to Fast Track Production — Rosecliff Acquisition Corp I (2021)
  • Building a Portfolio of Multi-Family Rental Properties in B.C. - Initiating Coverage — Yorkton Equity Group Inc. (2021)
  • $6M from Sprott / Trading at Just 30% of the Sector Average EV/R Multiple — New Age Metals Inc. (2021)
  • Building a Portfolio of Multi-Family Rental Properties in B.C. - Initiating Coverage — Yorkton Equity Group Inc. (2021)
  • Nicotine Free Smoking Experience / Sponsorship with Mayweather’s Team - Initiating Coverage — TAAT Global Alternatives Inc. (2021)
  • Preparing for an Aggressive 50-Hole Drill Program — Mammoth Resources Corp. (2021)
  • Introducing a Programmatic Ad Platform This Quarter — Kidoz Inc. (2021)
  • Closing GLDX Acquisition Next Month — GCM Mining Corp. (2021)
  • One of the Best Holes Drilled by a TSXV Junior in 2020 - Initiating Coverage — Rover Critical Minerals Corp. (2021)
  • Investor Appetite for High-Yield Offerings to Stay Strong — Timbercreek Financial Corp. (2021)
  • More Room for Upside This Year — NEM (2021)
  • More Room for Upside This Year — Barrick Mining Corporation (2021)
  • Maintains Its Spot as the Highest Dividend Yielding Public MIC — Builders Capital Mortgage Corp. (2021)
  • One Step Closer to Uranium Project in the U.S. — AZZ Inc. (2021)
  • Eco Friendly Packaging Company Targeting the $466B Coffee Market – Initiating Coverage — NEXE Innovations Inc. (2021)
  • Multiple Near-Term Catalysts and Increasing Market Sentiment — Skyharbour Resources Ltd. (2021)
  • Expecting Multiple Catalysts for this Silver Explorer — Credit-Enhanced Corts Trust Aon (2021)
  • Q2 Will be Tough to Beat — Apple Inc. (2021)
  • Record Performance Overshadowed by Alphabet’s Results — Microsoft Corporation (2021)
  • Lowers Risk Profile During the Pandemic — Ginkgo Mortgage Investment Corporation (2021)
  • Expecting a 3x Increase in Revenue This Year — HALO (2021)
  • Expecting a 3x Increase in Revenue This Year — Halo Collective Inc. (2021)
  • Expecting a Revenue Spike in H2-2021 – FINAL REPORT — VictoryShares International Free Cash Flow Growth ETF (2021)
  • Cash-Rich Producer Trading Under 1x Forward EBITDA — GCM Mining Corp. (2021)
  • Positive EBITDA in the First Year of Production — Steppe Gold Ltd. (2021)
  • New 25+ Moz Gold Discovery in the Golden Triangle – Initiating Coverage — Tudor Gold Corp. (2021)
  • Growing 2x Faster Than the Market – FINAL REPORT — Inner Spirit Holdings (2021)
  • Extracts Company Positioned for Cannabis 2.0 and Mushrooms – Initiating Coverage — Pure Extracts Technologies Corp. (2021)
  • Targeting Same Mental Health Space Where GW Pharma was Acquired for U$7.2B Last Month – Initiating Coverage — CanaQuest Medical Corp. (2021)
  • NovaGold & Trilogy Founder’s New Deal – Initiating Coverage — Contango Ore, Inc. (2021)
  • U.S. Cannabis Company to Leverage First-Mover Advantage in Greece and Israel – Initiating Coverage — Kaya Holdings, Inc. (2021)
  • Well Positioned to Capitalize on the Rising Investor Appetite for Cryptos – Initiating — Banxa Holdings Inc. (2021)
  • Rising Yields and Economic Recovery to Support Multi-Residential — Timbercreek Financial Corp. (2021)
  • Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return — CM.TO (2021)
  • Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return — Bank of Montreal (2021)
  • Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return — BNS (2021)
  • Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return — RY.TO (2021)
  • Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return — TD.TO (2021)
  • Close to Well-Known Projects in an Emerging Gold District in Atlantic Canada - Initiating Coverage — K9 Gold Corp. (2021)
  • Close to Well-Known Projects in an Emerging Gold District in Atlantic Canada - Initiating Coverage — KNC.V (2021)
  • Record Revenue in 2020; Recent Dip in Prices Offers Attractive Entry Point — Barrick Mining Corporation (2021)
  • Record Revenue in 2020; Recent Dip in Prices Offers Attractive Entry Point — NEM (2021)
  • Advanced Stage Gold in Guyana Headed by Friedland and Matysek - Initiating Coverage — USCF Gold Strategy Plus Income Fund (2021)
  • Social Media App with over 5M+ Registered Users – Initiating Coverage — HLLPF (2021)
  • Social Media App with over 5M+ Registered Users – Initiating Coverage — Hello Pal International Inc. (2021)
  • Adds Capacity for Edibles & Beverages — THC Biomed Intl Ltd. (2021)
  • Minimally Impacted by the Pandemic / Lowers Risk Profile — Capital Direct 1 Income Trust (2021)
  • Highest Dividend Yielding Public MIC — Builders Capital Mortgage Corp. (2021)
  • Preparing for the First Ever Lithium Brine Drill Program in Mongolia – Initiating Coverage — Proshares S&P Global Core Battery Metals ETF (2021)
  • Receives Mining License / Advancing to Production Next Year — South Star Battery Metals Corp. (2021)
  • Strong Q2 / Growth Potential Already Priced-In — Microsoft Corporation (2021)
  • Albermale’s Announcement Increases Likelihood of M&A — Noram Lithium Corp. (2021)
  • Diversifies Tenant-Base; Expecting Strong H2-FY2021 from Vaccine Rollout – FINAL REPORT — Medbright Ai Invts Inc. (2021)
  • Cryptocurrency Payment Solution Company’s Share Price up 2.5x After Going Public Yesterday – Introductory Note — Banxa Holdings Inc. (2021)
  • Positive Drilling at Rodruin / Expecting Major Positive Mining Reforms in Egypt; Raising Fair Value — Aton Resources Inc. (2020)
  • Mongolia’s First Lithium Brine Explorer – Introductory Note — Proshares S&P Global Core Battery Metals ETF (2020)
  • Raising FY2021 Forecasts Amid Improved Outlook from Vaccine Rollout — Bank of Montreal (2020)
  • Ramping up Production with Relaxed COVID-19 Restrictions — Inca One Gold Corp. (2020)
  • Wana Gummies Start Strong; Expecting Record Q4 – FINAL REPORT — Indiva Limited (2020)
  • Raising FY2021 Forecasts Amid Improved Outlook from Vaccine Rollout — TD.TO (2020)
  • Raising FY2021 Forecasts Amid Improved Outlook from Vaccine Rollout — BNS (2020)
  • Raising FY2021 Forecasts Amid Improved Outlook from Vaccine Rollout — RY.TO (2020)
  • Raising FY2021 Forecasts Amid Improved Outlook from Vaccine Rollout — CM.TO (2020)
  • Impressive PEA Overshadows Livent Withdrawal from JV — E3 Lithium Limited (2020)
  • Q3 Revenue up 49% QoQ, Second Consecutive Quarter of Positive EBITDA — Inner Spirit Holdings (2020)
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