Investor Alert

June 9, 2011, 3:07 p.m. EDT

Canada hot stocks: March, Migao, Duluth

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By Dow Jones

Among the companies whose shares are making notable moves in Thursday's session are Armtec Infrastructure Inc. (ARF.T), Bonnett's Energy Services Trust (BT.UN.T), Dollarama Inc. and Harry Winston Diamond Corp. .

Armtec (C$4.82, -C$5.68, -54%) posted a bigger first-quarter loss of 65 Canadian cents a share as gross margin plummeted to 6.4% from 11.9%. It also suspended its quarterly dividend.

Bonnett's (C$3.70, C$0.60, 19%), an oilfield-services company, had significantly stronger first-quarter earnings and cash flow on stronger demand for core service offerings as drilling activity continued at a moderate pace.

Dollarama (C$31.94, C$0.94, 3.0%) posted double-digit sales and earnings growth in its first quarter, beating analyst expectations and leading Canada's largest dollar-store operator to declare an initial quarterly dividend of 9 Canadian cents a share.

Harry Winston's (C$15.84, -C$0.44, -2.7%) first-quarter profit rose on stronger sales, but earnings missed analyst expectations by a penny.

Among the companies whose shares are making notable moves in Thursday's session are March Networks Corp. (MN.T), Migao Corp. MGO.T and Duluth Metals Ltd. DM.T.

March Networks (C$4.36, C$0.32, 7.9%) had record fourth-quarter and annual revenue and it posted significantly smaller losses in both periods. It also said it expects continued double-digit revenue growth and to maintain gross margin as a percentage of revenue in the 47% to 50% range throughout fiscal 2012.

Migao (C$4.79, -C$0.21, -4.2%) said earnings for fiscal 2011 fell to 65 Canadian cents a share from 79 Canadian cents. EBITDA was also lower.

Duluth Metals (C$2.16, C$0.15, 7.5%) announced positive drilling results on the Nokomis deposit at the Twin metals project in northern Minnesota. It said drilling "continues to confirm the continuity, scale, and grades expected in this deposit."

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