Focussing on Canadian Stocks That Surged Highest Today: $MEAT $HIGH $AYM – Wire Real Estate

Focussing on Canadian Stocks That Surged Highest Today: $MEAT $HIGH $AYM




Sep 1, 2020

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Modern Meat to acquire new facility

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Yesterday's trading session saw Modern Meat Inc (TSX:MEAT) rise to become one of the top gainers with a figure of about 70.20%.

The company speaks about its entry into a new contract, whose objective is to buy a new production facility. According to Modern Meat, the new move will help it expand its manufacturing footprint. The expansion is also about catering for the growth of the company's latest product launches.

The unveiling of a new production facility is part of Modern Meat's plan to boost the volume of wholesale product. The company understands that it needs to meet up to the surging market demand based on the growth in popularity of the products it sells. It intends to establish a tasting segment. That will make it possible for the food service tastings to work on the advancement of existing products and also check out the viability of new products.

HighGold Mining breaks its silence on the helicopter crash

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Yesterday's trading session had HighGold Mining (TSX:HIGH) gain by a margin of 27.32%, a performance placing it on the list of the top gainers. HighGold Mining speaks out on a helicopter crash incident that occurred at Johnson Tract Project in Alaska on August 25. The helicopter was in the hands of the company's local contractor when it was forced to land, incurring major damages. The pilot experienced minor injuries and there was no passenger on onboard.

The company says that it cares deeply about the welfare and the safety of its passengers and that won't change. Sources indicate that the on-site team intervened in good time and handled the situation in conformity to the company's response plans. The National Transportation Safety Board, the Federal Aviation Administration and the helicopter contractor will be involved in the investigations.

Atalaya Mining PLC speaks out on iots annual guidance

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Yesterday's trading session saw Atalaya Mining PLC. (TSE:AYM) gain by a margin of 12.54% which brought it out as one of the top gainers.

- Annual guidance range of US$2.20/lb-US$2.30/lb and US$1.95/lb-US$2.05/lb for AISC and cash costs respectively, sis being maintained currently.

- Production guidance of contained copper currently stands at 55k to 58k tonnes.

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