Canadian Stocks That Surged Highest Today: $KNR $TII $SFC

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Kontrol Energy Offers Update On COVID-19 Technology

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Kontrol Energy Corp. (TSX:KNR) was amongst the top gainers in yesterday's trading session gaining 2.79%. The company has scheduled the release date for its Q2 2020 financial results and conference call on August 31, 2002. The company's CEO Paul Ghezzi and CFO Claudio Del Vaso hosted the conference call.

The company has provided an update on the timing of the next stage testing for the Kontrol BioCLoud(R) analyzer. Ghezzi said that the company is drawing on its huge experience in emission and air quality control for specific particulate measurement and analysis using a tech that can detect COVID-19 in the air. In the last six months, the company secured government funding and also entered partnerships with virology experts to develop a novel COVID-19 detection chamber.

Terra Firma Capital Reports Revenue Of $3.7 Million

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Terra Firma Capital Corporation (TSX:TII) was also among the stocks that gained most in yesterday's trading session gaining 2.55%. The company has released its Q2 2020 results in which revenues dropped 5.5% to around $3.7 million from a year ago. Adjusted net income and comprehension income dropped 15.4% to $687,000 with diluted and basic adjusted earnings dropping $14.3% to $0.12 per share. The company's total investment at the end of the quarter was $116.9 million compared to $125.8 million in Q2 2019.

For 1H 2020 revenue was $7.8 million compared to $7.9 million a year ago while finance income was up 226% to $1.4 million which was mainly due to the increase in finance leases investments.

Sagicor Financial Company Reports ToTa Revenue of $459 million in Q2 2020

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Another stock that surged most in yesterday's session is Sagicor Financial Company Ltd. (TSE:SFC) which gained 2.34%. the company posted total revenue of $459 million which is a 2% drop in the quarter. Net insurance premiums dropped 1% to $310 million while net loss from contoinui9ng operations was $0.3 million or $0.02 per share. Total comprehensive income was $37.1 million which was due to the recovery of assets prices from Q1. The company ended the quarter with $2.1 billion in cash.

Also, the company has received approval from the TSX for amendment of its Normal Course Issuer Bid for its common stock to increase the number of common shares that can be repurchased.

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