CGI Group Loses 28.66% On News Of Earnings
VANCOUVER, BRITISH COLUMBIA--JUNE 26, 2000--EquityAlert.com, Inc.
(www.equityalert.com), one of the largest re-distributors of
public company and mutual fund news alerts, today forwarded free
real-time news alerts on a wide range of Toronto Stock Exchange
(TSE) stocks.
Among the active issues in the news on Friday, June 23rd, was CGI
Group Inc. (TSE: GIBa). The Company lost 28.66% after it announced
that, based on current information, its third quarter revenue and
earnings per share will be below analysts' consensus estimates.
Revenue for the third quarter is expected to be between $315 and
$325 million, which is lower than market expectations. Earnings
per share are expected to be between $0.02 and $0.04.
Another active issue was International Freegold Mineral
Development Inc. (TSE: ITF). The Company announced the acquisition
of two additional platinum group metal (PGM) properties in the
Sudbury Mining Division in Ontario. The Sudbury area has recently
become the focus of an exploration and staking boom, as a result
of recent PGM discoveries by other companies in the area. The
company currently has working capital of approximately $1,200,000,
securities of approximately $2,000,000, and no debt.
Additional recent press releases on active Toronto Stock Exchange
issues included The Bank of Nova Scotia (TSE: BNS), Mitel Corp.
(TSE: MLT) and Royal Bank of Canada (TSE: RY).
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service that allows pro-active investors to receive email news
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to take advantage of potentially significant price moves that
often follow time-sensitive news announcements.
For more information on these and other actively traded issues on
all major Canadian and US markets please visit our Web site
located at www.equityalert.com.
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