Stock surges and setbacks for the week ending Nov. 25, 2022.
Fennec, a company developing an injectable treatment for side effects of pediatric cancer medication, saw its shares rise this week after it was upgraded from “neutral” to “overweight” by analysts at Cantor Fitzgerald. Fennec, which is based in North Carolina but trades on the TSX, recently reported a third-quarter loss of $8.1 million , compared to a $4.2-million loss a year earlier. Fennec’s main product, Pedmark, a sodium thiosulfate injection, was recently approved by the U.S.
4D manufactures three-dimensional puzzles based on high-profile entertainment franchises, including Star Wars, Disney, Harry Potter, Marvel Universe and DC Comics.Burlington, Ont.-based Anaergia recently reported a third-quarter loss of $700,000, an improvement over a $1.8-million loss in the same quarter last year. Revenue rose 60 per cent to $44.5 million in the quarter. Investors haven’t been too impressed, however, judging by the fall in the company’s shares.
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