Q: Moving upwards nicely to start the year. What catalyst do you see for the stock this year to keep it hitting new highs? Heard a new index listing might be possible? Also do you think they will list on the US exchange?
Appreciate the recommendation on this one.
Appreciate the recommendation on this one.
5i Research Answer:
We feel that the continued increased global spending on defense can be a major catalyst, as well as its revenue mix shift towards its higher margin services offerings.
Its market cap has grown significantly, and it now exceeds the TSX minimum requirements, it also seems to meet the public float and liquidity requirements, and the share price currently exceeds the informal >$2 price, but sustained price action is also important. We have not seen any news that it will list on the US exchange.