Cineplex Stock News

Cinema operator continues to deal with the roller-coast impact of the pandemic

Cineplex says the loss amounted to 34 cents per diluted share for the quarter ended Dec. 31 compared with a loss of $230.4-million or $3.64 per diluted share in the last three months of 2020

Cineplex encouraged by positive momentum as the industry recovers TORONTO , Feb. 11, 2022 /CNW/ - (TSX: CGX ) - Cineplex Inc. ("Cineplex" or the "Company") today released its financial results for the three months and year ended December 31, 2021 . Unless otherwise specified, all amounts are in Canadian dollars. "Cineplex delivered its strongest quarter in two years," said Ellis Jacob , President & CEO, Cineplex. "Based on the positive momentum we saw during the quarter, and the success of blockbuster films like Spider-Man: No Way Home , we know that guests are coming back to our theatres. Government mandated restrictions and closures in Ontario , Quebec and Atlantic Canada during the busiest box office period constrained our ability to fully capitalize on this resurgence in the fourth quarter as compared to other geographies, including the U.S." "Attendance for the fourth quarter was up substantially as we benefited from October and November film releases, despite the closures and capacity restrictions at most of our locations in late December.

Cineplex Inc is temporarily laying off 6,000 part-time employees due to mandated closures of its venues amid surging COVID-19 cases caused by the Omicron variant, the Canadian cinema operator said on

CGX Energy Inc, the holder of multiple oil and gas exploration licences in the Guyana-Suriname Basin, is seeking more funding for its drilling pursuits at the Kawa-1 exploration well, where, it says, more protracted operations are expected to push costs up. The article CGX seeking more drilling $$ for Kawa-1 in Corentyne block appeared first on Stabroek News .

Cineplex Inc. (OTCMKTS:CPXGF) has received an average rating of Buy from the seven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report []

NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Cineplex Inc. (Cineplex or the Company) (OTCMKTS: CPXGF). Investors who purchased Cineplex shares are encouraged to obtain additional information and assist the investigation by visiting the firms site: www.bgandg.com/cnnwf. The investigation concerns whether Cineplex and certain of its officers and/or directors have violated federal securitie

After a legal battle with Cineplex and underwhelming H1 2021 results will the Cineworld share price ever recover? Read on for Cineworld shares forecast and news. Read More

CIBC upgraded shares of Cineplex (OTCMKTS:CPXGF) from a neutral rating to an outperform rating in a report issued on Thursday, The Fly reports. Separately, Canaccord Genuity upgraded shares of Cineplex from a hold rating to a buy rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and []

If you''re trying to catch the new Spider-Man or Matrix movies this weekend, you''ll want to pay attention to these Cineplex announcements.

CGX Energy Inc yesterday commissioned a bridge that leads to the companys Deep Water Port, located aback Seawell village, Corentyne, Berbice, while the

Cineplex is providing some clarity on how it plans to implement newly imposed capacity limits at its venues in Ontario. The movie theatre company tells CityNews, as of Saturday, buildings that can accommodate over 1,000 guests will operate at 50 per cent capacity, in accordance with the restrictions released Wednesday by the province. Locations that []

Reproduced from OE Digital Canadian-based firm Frontera Energy, the majority owner of CGX Energy and its partner in the Corentyne Block offshore Guyana, has informed that the Kawa-1 exploration well, spudded in the block in August, has encountered hydrocarbon presence. Also, the drilling at Kawa-1, being carried out by Maersk Discoverer semi-submersible drilling rig is taking

Futures pointed to a higher opening for Canada''s main stock index on Thursday, aided by gains in both crude and gold prices, while an upbeat economic outlook from the U.S. Federal Reserve boosted sentiment. The S&P/TSX Composite surged 120.59 points to close the midweek session to 20,769.16. Futures were up 0.6% Thursday. Canadian Imperial Bank of Commerce and National Bank said Wednesday they have asked staff in Canada to work remotely, joining Bank of Nova Scotia in halting plans for a return to offices amid growing concerns over the Omicron variant. CIBC raised the rating on Cineplex to outperform from neutral. Canaccord Genuity cuts the rating on Freshlocal Solutions to hold from buy. CIBC cut the rating on Manulife Financial to underperform from neutral. On the economic beat, Statistics Canada reported wholesale sales grew 1.4% in October to the highest level on record, 11.4% higher than in February 2020. Ontario sales and the motor vehicle and motor vehicle parts and accessories sub-sector drove the increase.

Shares in Cineworld Group sank nearly 40% on Wednesday after a Canadian court asked the British cinema operator to pay C$1.23 billion ($957 million) to rival Cineplex as damages for abandoning a plann