An Outlook At The Canadian Stocks That Surged Highest Today: $PFB $BQE $BLU

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PFB to bound to buy shares through the open markets

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Yesterday's trading session witnessed the stock of PFB Corporation(TSX:PFB) gain by a margin of 10.65%, which , places it on the list of the top gainers.

The company wants to buy shares through the open markets, something it plans to do through the alternate trading systems in Canada and the Toronto Stock Exchange (TSX). The applicable rules provide that the company buys about 50,000 Common Shares in maximum. That figure is representative of about 0.74% of the Corporation's outstanding and issued outstanding Common Shares.

The normal course issuer bid provides only 1,000 common shares could be purchased in maximum on a daily basis. Looking at matters from what should be bought on a calendar week, the corporation is allowed to make one block purchase. A figure of 3,616 has been reported as representing the corporation's daily trading volumes over the past six months.

The Corporation is bound to only make purchases through the open market transactions. So far, the PFB Corporation has bought 50,000 Common Shares over the past 12 months. Those went at a price of $10.49 per share.

BQE Water announces the 2020 AGM results

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BQE Water Inc. (TSX:BQE) turned out to be one of the top gainers in yesterday's trading session, having climbed by a 9.84% margin.

BQE Water is pleased to announce 2020 AGM results, in which case about a total of 720, 326 common shares were voted. A circular showing the nominees to the board of directors was given out on July 20, 2020. Reports show that all the nominees will take over their leadership positions until the next Annual General Meeting. The other case scenario in which case they may be pushed out of their offices is when their successors are appointed or elected.

BELLUS Health speaks out on the SOOTHE

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Yesterday's trading session witnessed the stock of BELLUS Health Inc. (TSE:BLU) gain by a margin of 7.35%., making it one of the top gainers.

The company has spoken in relation the SOOTHE planned trial design. This happens to be its Phase 2b dose confirmation trial that is seeking to evaluate both the safety and the efficacy of BLU-5937. This is a product targeting the refractory chronic cough (RCC).The trial seeks to establish the baseline cough frequency which according to sources will help a huge dealing in the identification of the treatment benefit.

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