Home Capital Group Stock Surges on Warren Buffett Investment

Home Capital Group Inc. (TSE:HCG) shares climbed on Thursday after Warren Buffett’s company Berkshire Hathaway agreed to take a big equity stake in Home Capital

Sean Mason | June 22, 2017 | SmallCapPower

It looks like it’s Warren Buffett and Berkshire Hathaway to the rescue for the long-suffering shareholders of Home Capital Group Thursday. Here’s some small stocks making big moves on Thursday, June 22, 2017 (as of 4 pm EST):

Home Capital Group Inc. (TSX: HCG) shares jumped 27% to $19 on Thursday after Warren Buffett’s company Berkshire Hathaway Inc., through its wholly-owned subsidiary, Columbia Insurance Company, has agreed to take up to a 38.39% equity stake in Home Capital through a private placement at an average price of approximately $10 per share.

 

As well, shares of Mission Ready Services Inc. (TSXV: MRS) gained 17% to $0.07 as the provider of personal protective equipment for military personnel and first responders said its Q2 2017 revenue is projected to be about $1.8 million, an increase exceeding 65% over the same period in 2016.

Chilean Metals Inc. (TSXV: CMX), meanwhile, reported that it has received an Award from Capital Finance International, “CFI.co,” being named “Best Wealth Creation Mining Management Chile 2017.” Chilean Metals stock moved up 23% to $0.135 following the announcement.

Finally, Organic Garage Ltd. (TSXV: OG) shares rose 12% to $0.415 after the independent organic grocer announced that it has entered into a letter of intent for a new location situated in Liberty Village in downtown Toronto.

To find out more about Chilean Metals Inc., please visit the company’s Investor Hub.

Ubika Research/SmallCapPower has received compensation from Chilean Metals to provide analyst research coverage. For full disclosure please visit here >>

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