Latest news with #Russell2000Index
Business Insider
a day ago
- Business
- Business Insider
Xenon Pharmaceuticals joins Russell 3000, Russell 2000 Indexes
Xenon Pharmaceuticals (XENE) announced that the company has been added to the broad-market Russell 3000 and small-cap Russell 2000 Indexes as part of the annual reconstitution, effective at the close of U.S. equity markets on Friday, June 27, 2025. The Russell 3000 Index is an equity index that tracks the performance of the largest 3,000 U.S. stocks by market capitalization. The Russell 2000 Index measures the performance of the 2,000 smallest companies within the Russell 3000 Index. Inclusion in the Russell 2000 results in automatic inclusion in the appropriate growth and value style indexes. Russell U.S. Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for investment strategies. Approximately $10.6T in assets are benchmarked against Russell U.S. indexes.
Business Wire
4 days ago
- Business
- Business Wire
Kolibri Global Energy Inc. Announces a 30 Percent Bank Line Increase, Russell 2000 Inclusion and Operations Update
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the ' Company ' or ' Kolibri ') (TSX: KEI, NASDAQ: KGEI) is pleased to announce the following: CREDIT FACILITY The available borrowing base of the Company's indirect wholly owned subsidiary, Kolibri Energy US Inc., was increased from US$50 million to US$65 million on its revolving line of credit (' Credit Facility '). This was a 30% increase on the Credit Facility which is held by a bank syndicate which is led by BOK Financial (' BOKF ') and now includes Arvest Bank. All other terms of the credit facility remain the same. The current outstanding amount drawn on the Credit Facility is US$30.5 million. RUSSELL 2000 Kolibri is expected to be included in the Russell 2000 Index at the conclusion of the 2025 Russell Indexes Annual Reconstitution, according to a preliminary list of additions posted by FTSE Russell on June 20, 2025. The inclusion in the index will take effect after the U.S. market opens on June 27, 2025. Membership in the Russell 2000 Index, which remains in place for one year, includes inclusion in the appropriate growth and value style indexes. FTSE Russell is a leading global index provider and membership for its Russell indexes is determined primarily by objective, market-capitalization rankings, and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. As of May 2025, approximately $10.6 trillion in assets are benchmarked to a Russell index. Reference information on the reconstitution process, including member additions and deletions, can be found at: OPERATIONS UPDATE The Lovina 9-16-1H, Lovina 9-16-2H, Lovina 9-16-3H, and Lovina 9-16-4H wells (100% working interest) are currently being fracture stimulated. The completion operations are proceeding well, even though they were off to a slower than anticipated start due to the heavy rains, which caused flooding and other issues earlier in the month. The wells are anticipated to begin production in July. The Forguson 17-20-3H well has been successfully drilled and will be fracture stimulated after the Lovina wells have been completed. Kolibri is operator and has a 46% working interest in this well, which is testing the economics of the Company's eastern acreage which is comprised of 3,000 acres. Wolf Regener, President and CEO, commented, 'We are very pleased to have BOKF's continued support and appreciate the new support from Arvest Bank, who joined the syndicate. The 30% increase in our borrowing base provides us with more working capital flexibility and supports our production and cash flow growth initiatives and continues to demonstrate the value of the field. 'We are also excited that inclusion in the Russell 2000 index will further improve the visibility of our Company among investors. This is a significant milestone for us, which we believe is a result of our successful efforts to increase shareholder value. 'The fracture stimulation of the four Lovina wells is progressing well and we are looking forward to the completion of these wells and the Forguson well. 'The east side acreage, where the Forguson well is located and Kolibri has approximately 3,000 net acres, is not included in the December 31, 2024 reserve report. The Caney target for the Forguson well has very similar characteristics and thickness as in the main part of the field in Kolibri's proved acreage, except that it is shallower. If the Forguson well proves to be economic, in addition to adding cash flow, it could lead to many additional development locations for the Company. 'We are looking forward to the additional production from all of these wells, which we expect will significantly increase the Company's cash flow. We believe our 2025 drilling program, as well as the continuation of our normal course issuer bid share buyback program, will continue to add incremental value to our shareholders.' VIRTUAL NON-DEAL ROADSHOW Mr. Regener and Mr. Johnson will be participating in Remark's Virtual Non-Deal Roadshow for Houston on June 30 th, 2025. Investors can join the presentation by registering in advance on Renmark's website at A replay of the presentation will also be available via a link on Kolibri's website in the next week. About Kolibri Global Energy Inc. Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI. Caution Regarding Forward-Looking Information Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and 'forward-looking statements' within the meaning of United States securities laws (collectively, 'forward looking information'), including statements regarding the timing of and expected results from planned wells development, wells performing as anticipated, including anticipated increases in production, cash flow, higher rates of return and efficiencies, statements regarding the estimated average cost for the facilities, statements regarding drilling and completing the Forguson 3H, Lovina 1H, Lovina 2H, Lovina 3H and Lovina 4H wells, statements regarding additional development locations for the Company, and statements regarding the Company's anticipated inclusion on the Russell 2000 Index. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator's operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the gathering system issues will be resolved, that the Company will continue to be able to access sufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects, that the Company's inclusion in the preliminary list of additions posted by FTSE Russell indicates that the Company will be included in the Russell 2000 Index, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment, labor or materials are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator's operations have unexpected adverse effects on the Company's operations, that completion techniques require further optimization, that production rates do not match the Company's assumptions, that very low or no production rates are achieved, that the gathering system operator doesn't get the issues resolved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at any of which could result in delays, cessation in planned work or loss of one or more leases and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. Caution Regarding Future-Oriented Financial Information and Financial Outlook This news release may contain information deemed to be 'future-oriented financial information' or a 'financial outlook' (collectively, 'FOFI') within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook of the Company's activities and results and may not be appropriate for other purposes. The FOFI has been prepared based on a number of assumptions including the assumptions discussed above under 'Caution Regarding Forward-Looking Information'. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments. FOFI contained in this news release was made as of the date of this news release and the Company disclaims any intention or obligations to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.
Business Insider
4 days ago
- Business
- Business Insider
Envela added to membership of US small-cap Russell 2000 Index
Envela (ELA) Corporation was added as a member of the US small-cap Russell 2000 Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. Membership, based on inclusion in the Russell 3000 Index, remains for one year. CFO John DeLuca stated the inclusion reflects the company's performance and will elevate visibility with institutional investors. Confident Investing Starts Here:
Yahoo
13-06-2025
- Business
- Yahoo
Undervalued Small Caps With Insider Action In Global June 2025
In June 2025, the global markets have been marked by a cooling U.S. labor market and rising small-cap stocks, with the Russell 2000 Index gaining momentum despite ongoing trade tensions between the U.S. and China. As investors navigate these conditions, identifying small-cap companies that demonstrate resilience through insider actions can offer valuable insights into potential opportunities amidst broader market fluctuations. Name PE PS Discount to Fair Value Value Rating Morgan Advanced Materials 12.0x 0.5x 33.67% ★★★★★☆ Lion Rock Group 5.0x 0.4x 49.86% ★★★★☆☆ Tristel 29.5x 4.2x 8.08% ★★★★☆☆ Nexus Industrial REIT 6.6x 2.9x 19.59% ★★★★☆☆ Sing Investments & Finance 7.4x 3.7x 38.43% ★★★★☆☆ Close Brothers Group NA 0.6x 39.28% ★★★★☆☆ Absolent Air Care Group 22.2x 1.8x 49.51% ★★★☆☆☆ Fuller Smith & Turner 12.0x 0.9x -55.70% ★★★☆☆☆ Morguard North American Residential Real Estate Investment Trust 5.8x 1.9x 8.36% ★★★☆☆☆ AInnovation Technology Group NA 2.4x 46.86% ★★★☆☆☆ Click here to see the full list of 174 stocks from our Undervalued Global Small Caps With Insider Buying screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: Abbisko Cayman is a biopharmaceutical company focused on the development of innovative medicines, with a market capitalization of approximately CN¥1.50 billion. Operations: The company's revenue is primarily derived from the development of innovative medicines, with recent figures reaching CN¥503.99 million. Despite consistent gross profit margins of 1.00%, the net income margin has shown significant improvement, moving from negative values to a positive 0.06% by the end of 2024. Operating expenses are substantial, driven mainly by R&D costs which were CN¥451.38 million at the end of 2024, alongside general and administrative expenses amounting to CN¥74.21 million in the same period. PE: 207.0x Abbisko Cayman, a dynamic player in the pharmaceutical industry, is making waves with its innovative drug developments. The recent acceptance of their New Drug Application for pimicotinib by China's NMPA highlights potential growth avenues. Insider confidence is evident as stakeholders have shown commitment through share purchases over the past year. Despite a volatile share price and reliance on external borrowing, Abbisko's strategic partnership with Merck for global commercialization rights underscores its promising prospects in targeted therapies. Unlock comprehensive insights into our analysis of Abbisko Cayman stock in this valuation report. Review our historical performance report to gain insights into Abbisko Cayman's's past performance. Simply Wall St Value Rating: ★★★★★☆ Overview: Groupe Dynamite is a Canadian fashion retailer specializing in apparel, with operations generating CA$958.53 million in revenue. Operations: Groupe Dynamite's primary revenue stream is from apparel, with recent figures showing CA$958.53 million. The company experienced a gross profit margin of 62.76% as of February 2025, reflecting its ability to manage production costs effectively relative to revenue. Operating expenses have been increasing, with general and administrative expenses reaching CA$313.16 million in the same period, impacting overall profitability metrics such as net income margin which was at 14.16%. PE: 13.2x Groupe Dynamite, a small company, has demonstrated potential for growth with recent earnings revealing a significant increase in sales to C$958.53 million for the year ending February 2025. Net income also rose to C$135.77 million from C$85.82 million the previous year, indicating improved profitability. Insider confidence is evident as Chris Arsenault acquired 32,000 shares valued at approximately C$438,910 on April 15, 2025. The company plans to repurchase up to 8.45% of its shares by April 2026, potentially enhancing shareholder value further. Dive into the specifics of Groupe Dynamite here with our thorough valuation report. Examine Groupe Dynamite's past performance report to understand how it has performed in the past. Simply Wall St Value Rating: ★★★★☆☆ Overview: Tamarack Valley Energy is a Canadian oil and gas company focused on exploration and production, with a market cap of approximately CA$1.95 billion. Operations: The company generates revenue primarily from its oil and gas exploration and production activities, reporting CA$1.44 billion in the most recent period. Over time, the gross profit margin has shown fluctuations, reaching 79.98% recently, reflecting changes in cost of goods sold relative to revenue. Operating expenses have varied significantly, impacting net income margins which have also experienced considerable variation across periods. PE: 9.1x Tamarack Valley Energy, a smaller energy player, recently faced a CAD 25,500 penalty from the Alberta Energy Regulator for reporting lapses. Despite this, they reported strong Q1 2025 results with CAD 332 million in revenue and net income of CAD 64 million. President Brian Schmidt's purchase of 415,500 shares for over CAD 1.45 million signals insider confidence. The company repurchased significant shares worth CAD 145 million since January 2024. However, earnings are projected to decline by an average of nearly one-third annually over the next three years due to reliance on external borrowing for funding. Click here to discover the nuances of Tamarack Valley Energy with our detailed analytical valuation report. Gain insights into Tamarack Valley Energy's historical performance by reviewing our past performance report. Dive into all 174 of the Undervalued Global Small Caps With Insider Buying we have identified here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:2256 TSX:GRGD and TSX:TVE. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
Unveiling 3 Undiscovered Gems in Global Markets
In recent weeks, global markets have shown resilience, with U.S. small-cap stocks leading gains as the Russell 2000 Index rose by 3.19%, buoyed by positive sentiment in sectors like information technology and easing trade tensions between major economies. Against this backdrop of cautious optimism and strategic shifts in economic policy, identifying undiscovered gems involves looking for companies that are well-positioned to capitalize on emerging trends such as technological advancements or resilient consumer demand despite broader market uncertainties. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Suzhou Highfine Biotech NA -1.11% 7.27% ★★★★★★ Shantou Institute of Ultrasonic Instrument NA 17.40% 16.47% ★★★★★★ Beijing Bashi Media 74.71% -0.73% -18.40% ★★★★★★ Shenzhen Zhongheng Huafa NA 1.77% 31.72% ★★★★★★ Pan Asian Microvent Tech (Jiangsu) 25.44% 15.19% 13.48% ★★★★★★ Top Union Electronics 2.12% 8.34% 19.44% ★★★★★☆ Tai Sin Electric 28.69% 9.56% 4.66% ★★★★★☆ Techshine ElectronicsLtd 8.66% 23.58% 16.34% ★★★★★☆ Tait Marketing & Distribution 0.71% 8.00% 12.85% ★★★★★☆ Dong Fang Offshore 29.10% 42.34% 42.27% ★★★★★☆ Click here to see the full list of 3185 stocks from our Global Undiscovered Gems With Strong Fundamentals screener. Let's dive into some prime choices out of from the screener. Simply Wall St Value Rating: ★★★★★★ Overview: Zhongyuan Bank Co., Ltd. provides a range of banking services across the Asia Pacific, North America, and internationally with a market capitalization of approximately HK$14.07 billion. Operations: The primary revenue streams for Zhongyuan Bank Co., Ltd. are retail banking, contributing CN¥5.29 billion, and financial markets business, generating CN¥5.09 billion. Corporate banking also plays a significant role with CN¥2.63 billion in revenue. Zhongyuan Bank, with total assets of CN¥1,365.2 billion and equity of CN¥100.4 billion, stands out in the banking sector with its robust financial health. Total deposits are at CN¥941.8 billion against loans amounting to CN¥760.9 billion, reflecting a strong deposit base and prudent lending practices. The bank maintains a net interest margin of 1.6% and has an allowance for bad loans at 1.9% of total loans, indicating sound risk management strategies. Despite a modest earnings decline over five years by 0.7%, recent growth was impressive at 16%, surpassing industry averages significantly by growing faster than the industry's 3%. Delve into the full analysis health report here for a deeper understanding of Zhongyuan Bank. Assess Zhongyuan Bank's past performance with our detailed historical performance reports. Simply Wall St Value Rating: ★★★★☆☆ Overview: Zhongman Petroleum and Natural Gas Group Corp., Ltd. is an oil and gas company involved in drilling and completion engineering services as well as petroleum equipment manufacturing, with a market cap of CN¥8.55 billion. Operations: Zhongman Petroleum and Natural Gas Group generates revenue primarily from its drilling and completion engineering services and petroleum equipment manufacturing. The company has a market cap of CN¥8.55 billion. Zhongman Petroleum, a nimble player in the energy sector, has shown promise with its recent financial performance. The company reported sales of CNY 943 million for Q1 2025, up from CNY 807 million the previous year, while net income rose to CNY 230 million from CNY 173 million. Despite a debt-to-equity ratio rising to 89.4% over five years, interest payments remain well-covered at an EBIT coverage of 8.2x. Trading at nearly 80% below estimated fair value and boasting high-quality earnings, Zhongman appears poised for growth with forecasted annual earnings expansion of nearly 22%. Click here to discover the nuances of Zhongman Petroleum and Natural Gas GroupLtd with our detailed analytical health report. Gain insights into Zhongman Petroleum and Natural Gas GroupLtd's past trends and performance with our Past report. Simply Wall St Value Rating: ★★★★★★ Overview: Shenzhen Chengtian Weiye Technology Co., Ltd. is a company engaged in the smart card manufacturing industry, with a market cap of CN¥5.44 billion. Operations: Chengtian Weiye derives its revenue primarily from the smart card manufacturing industry, generating CN¥383.25 million. Shenzhen Chengtian Weiye Technology, a nimble player in the tech sector, has shown impressive earnings growth of 977.8% over the past year, far outpacing the industry average of 6.5%. Despite this surge, its earnings have experienced an annual decline of 23.1% over the last five years. The company remains debt-free with a positive free cash flow position and reported net income for Q1 2025 at CNY 5.3 million compared to a loss in the same period last year. However, recent results were influenced by a significant one-off gain of CN¥9.2 million impacting their financials up to March 2025. Navigate through the intricacies of Shenzhen Chengtian Weiye Technology with our comprehensive health report here. Evaluate Shenzhen Chengtian Weiye Technology's historical performance by accessing our past performance report. Click through to start exploring the rest of the 3182 Global Undiscovered Gems With Strong Fundamentals now. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:1216 SHSE:603619 and SZSE:300689. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
