By james art Dye & Durham Limited (T.DND) hit a new 52-week high of $18.83 on Wednesday. Engine Capital LP, which owns approximately 7.1% of Dye &
Durham Limited’s outstanding shares, today issued the statement below regarding Dye & Durham’s confirmation that it is exploring the sale of the Company. “Dye & Durham is a high-quality business that is currently underperforming due to the mismanagement of chief executive Matthew Proud, an ineffective board and falling property deals. While competitors are trading at over 18x EBITDA, the company’s stock is hovering around 8.5x EBITDA. It appears that the Board has now authorized a reactionary sale process at the worst possible time and has doubled down on its mistakes.
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Eminent Gold Corp. (V.EMNT) hit a new 52-week high of 39 cents on Wednesday. No news available today.
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McCoy Global Inc. (T.MCB) hit a new 52-week high of $3.17 on Wednesday. No news available today.
Nexe Innovations Inc. (V.NEXE) hit a new 52-week high of 40 cents on Wednesday. No news available today.
NGEx Minerals Ltd. (T.NGEX) hit a new 52-week high of $12.04 on Wednesday. No news available today.
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