Investor Alert

June 13, 2012, 11:20 a.m. EDT

CANADA HOT STOCKS: Dollarama, Duluth

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Among the companies whose shares are making notable moves in Wednesday's session are Dollarama Inc. DOL.T and Duluth Metals Ltd. DM.T.

Dollarama (C$61.01, C$4.14, 7.3%) said first-quarter earnings rose to 56 Canadian cents a share from 40 Canadian cents, beating the Thomson Reuters mean estimate of 50 Canadian cents. It also said it will begin offering items priced at up to C$3 starting in August. It now offers items priced at up to C$2.

Duluth (C$1.99, C$0.11, 5.9%) said Twin Metals Minnesota LLC has received a new draft technical report on the consolidated mineral resources for the Twin Metals Minnesota project in Northeastern Minnesota. It said the report confirms "significant increases" to Twin Metals' copper-nickel-palladium-platinum-gold resource. Duluth holds a 60% stake in the Twin Metals joint venture.

Among the companies whose shares are making notable moves in Wednesday's session are Guyana Goldfields Inc. and Patheon Inc. .

Guyana Goldfields (C$2.38, C$0.21, 9.7%) released an update on the Aurora gold project and said it's on track to release a revised resource estimate by the end of June. It said the revised estimate will update and improve the geological model, upgrade inferred ounces to the measured and indicated categories, and provide guidance on depth extensions.

Patheon (C$2.07, C$0.18, 9.5%) said second-quarter revenue rose to $181.5 million from $170 million and, based on "encouraging reevnue trends" in the first half of the year, it now expects 2012 revenue of more than $725 million.

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