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Just Energy Group Inc. (JE.TO)

Toronto - Toronto Delayed Price. Currency in CAD
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0.4550-0.0050 (-1.09%)
At close: 3:59PM EDT
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Previous Close0.4600
Open0.4500
Bid0.4550 x 0
Ask0.4600 x 0
Day's Range0.4500 - 0.4750
52 Week Range0.4500 - 4.4700
Volume537,207
Avg. Volume622,429
Market Cap68.997M
Beta (5Y Monthly)1.39
PE Ratio (TTM)N/A
EPS (TTM)-2.1200
Earnings DateAug. 24, 2020 - Aug. 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJun. 14, 2019
1y Target Est0.40
  • GlobeNewswire

    Just Energy Announces Reliance on Temporary Regulatory Relief for Filing First Quarter Fiscal 2021 Financial Statements

    TORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”), announces that it is utilizing the extension period provided under Ontario Instrument 51-505 - Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“Instrument 51- 505”), and similar extension periods provided for by the Canadian Securities Administrators in the other provinces and territories of Canada, for (i) filing its financial statements comprising its interim financial report, and related management’s discussion and analysis for the Company’s first quarter of Fiscal 2021 ending June 30, 2020 (collectively, the “First Quarter Fiscal 2021 Filings”), and (ii) compliance with the delivery requirements of applicable securities laws relating to the First Quarter Fiscal 2021 Filings.  Just Energy expects to file the First Quarter Fiscal 2021 Filings on or about August 24, 2020. The Canadian Securities Administrators have announced temporary relief from certain regulatory filings required to be made on or before August 31, 2020. This blanket relief is implemented through Instrument 51-505 and similar orders made in the other provinces and territories of Canada which, in light of COVID-19 and its impact on market participants, provides a 45-day extension for periodic filings normally required to be made by issuers during the period from June 2, 2020 to August 31, 2020.The Company is continuing to work diligently towards completing and filing the First Quarter Fiscal 2021 Filings. Until Just Energy has filed the First Quarter Fiscal 2021 Filings, members of Just Energy’s management and certain other insiders are subject to a trading black-out period as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.The Company confirms that, other than disclosed in prior press releases, there have been no material business developments since the filing on July 8, 2020 of the Company’s audited annual financial statements and related management’s discussion and analysis for the fiscal year ended March 31, 2020.About Just Energy Group Inc.Just Energy is a consumer company focused on essential needs, including electricity and natural gas health and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers. Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, EdgePower Inc., Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and TerraPass. Visit https://investors.justenergy.com to learn more. Also, find us on Facebook and follow us on Twitter.FORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements including, but not limited to, statements and information regarding the timing for filing the First Quarter Fiscal 2021 Filings. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated, and the Company undertakes no obligation to update or revise any forward-looking statement. These risks include, but are not limited to: the impact of the evolving COVID-19 pandemic on the Company’s business, operations and sales including risks associated with reliance on suppliers; uncertainties relating to the ultimate spread, severity and duration of COVID-19 and related adverse effects on the economies and financial markets of countries in which the Company operates; the ability of the Company to successfully implement its business continuity plans with respect to the COVID-19 pandemic; the ability of the Company to extend its credit facility; the ability of the Company to reduce selling, marketing and general and administrative expenses and the quantum of such reductions and the impact thereof on the Company’s current fiscal year;  the Company’s ability to identify further opportunities to improve its cost structure; general economic and market conditions; the ability of the Company to implement the recapitalization transaction pursuant to a plan of arrangement announced by the Company on July 8, 2020, including issuing new equity announced on July 8, 2020; the allocation of any new equity; addressing certain obligations as part of the proposed recapitalization transaction; risks associated with the proposed recapitalization transaction, including the inability to complete the proposed recapitalization transaction at all or otherwise complete the proposed recapitalization transaction in a timely or efficient manner; the inability to reduce the Company’s debt and/or interest payments; proceedings under the Canada Business Corporations Act;  levels of customer natural gas and electricity consumption; rates of customer additions and renewals; rates of customer attrition; fluctuations in natural gas and electricity prices; changes in regulatory regimes; results of litigation and decisions by regulatory authorities; competition; and dependence on certain suppliers. Additional information on these and other factors that could affect Just Energy’s operations, financial results or dividend levels are included in Just Energy’s annual information form and other reports on file with Canadian securities regulatory authorities which can be accessed through the SEDAR website at www.sedar.com and the U.S. Securities and Exchange Commission’s website at www.sec.gov or through Just Energy’s website at www.justenergygroup.com.Neither the Toronto Stock Exchange nor the New York Stock Exchange has approved nor disapproved of the information contained herein.FOR FURTHER INFORMATION PLEASE CONTACT: Jim Brown Chief Financial Officer Just Energy Phone: 713-544-8191 jbrown@justenergy.comInvestors Michael Cummings Alpha IR Phone: 617-982-0475 michael.cummings@alpha-ir.com Media Lisa Ottmann Longview Communications Phone: 403-606-0866

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  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,183.66, up 60.18 points.)Enbridge Inc. (TSX:ENB). Energy. Down 33 cents, or 0.79 per cent, to $41.28 on 11.2 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 10 cents, or 0.52 per cent, to $19.04 on 10.1 million shares.Just Energy Group Inc. (TSX:JE). Energy. Up 27.5 cents, or 58 per cent, to 75 cents on 8.2 million shares.Bank of Nova Scotia (TSX:BNS). Financials. Down 52 cents, or 0.92 per cent, to $56.06 on 7.8 million shares.Royal Bank of Canada (TSX:RY). Financials. Down 92 cents, or 0.96 per cent, to $94.94 on 7.6 million shares.Toronto-Dominion Bank (TSX:TD). Financials. Up four cents, or 0.06 per cent, to $61.72 on 5.8 million shares.Companies in the news:Aurora Cannabis Inc. (TSX:ACB) Down 52 cents to $15.64. Aurora is reorganizing its European operations and cutting some jobs. The Edmonton-based cannabis company said the layoffs will amount to a one-quarter workforce reduction in select countries and in a regional office. Spokeswoman Laura Gallant refused to specify exactly how many workers or which specific offices are impacted, but said the decision is part of Aurora's restructuring announced in February. The restructuring aims to help Aurora better align its international operations with current market conditions, and has already caused more than 1,000 employees to be laid off and more than five Aurora sites to be closed. The company said it will also fully acquire its Aurora Nordic Cannabis A/S facility in Odense, Denmark, which it will use to ramp up operations over the next 12 months and meet demand in the European medical cannabis market. Mads Ulrik Pedersen, who is currently CEO of Aurora Nordic, has been appointed president of the European organization effective immediately and will oversee a new growth strategy.Yamana Gold Inc. (TSX:YRI). Up 29 cents to $7.86. Yamana says it is in the advanced stages of listing its shares on the London Stock Exchange. It is currently listed on the New York Stock Exchange and the Toronto Stock Exchange. It said a listing in London will increase its exposure to potential European investors who have few other large gold producers to choose from but it does not intend to raise equity capital in conjunction with the new listing. Yamana has interests in five mines including Canadian Malartic (50 per cent interest), the Jacobina Mine in Brazil, the El Penon and Minera Florida mines in Chile, and the Cerro Moro Mine in Argentina. It produced about one million gold equivalent ounces in 2019, recording US$1.6 billion in revenue and net earnings of US$226 million at an average gold price of US$1,392 per ounce.Ensign Energy Services Inc. (ESI). Unchanged at 73 cents. Analysts are split on the wisdom of Ensign's US$33.4-million (C$45.2 million) move to buy out partner Halliburton Co.'s stake in an international drilling joint venture. The Calgary-based drilling company announced Friday after markets closed that it would buy the 40 per cent it doesn't already own in Trinidad Drilling International from its major American oilfield services partner. The joint venture operates five drilling rigs, two under long-term contracts in Kuwait, another under contract in Bahrain and two "cold-stacked" (idle) rigs in Mexico. Ensign inherited its 60 per cent stake in the partnership when it bought Calgary rival Trinidad Drilling Ltd. in 2018, but Canadian drillers have been loath to spend capital this year as oilfield activity slows due to the economic affect of the COVID-19 pandemic. Analyst Ian Gillies of Stifel FirstEnergy says in a report the purchase creates balance sheet risk, noting that Ensign also warns it may be in violation of a debt covenant later this year. But RBC analysts say in a report the "counter-cyclical manoeuvre" ahead of its bank line renewal and covenant relief discussions signals confidence.This report by The Canadian Press was first published July 20, 2020.The Canadian Press