Connect to share and comment
TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,669.14 down 3.16 points):
TORC Oil and Gas Ltd. (TSX:TOG). Oil and gas. Up a penny, or 0.67 per cent, at $1.50 on 12.84 million shares. The energy sector inched up 0.05 per cent to 258.24 points as crude prices for September delivery eked out a 10-cent US gain to $105.49 per barrel.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down 13 cents, or 2.59 per cent, at $4.88 on 11.73 million shares. The plane and train maker delayed the first test flight of its single-aisle airliner CSeries commercial jet Wednesday. The plane was originally slated to fly by the end of 2012 and was delayed again last month. Now it says it will occur "in the coming weeks'' without providing a specific date.
B2Gold Corp. (TSX:BTO). Miner. Up seven cents, or 2.33 per cent, at $3.07 on 9.81 million shares. The gold sector led the advancers by percentage on the main index, rising 0.53 per cent as price of the bullion jumped US$9.30 to $1,328.80 an ounce on the New York Mercantile Exchange.
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Up 5.5 cents, or 24.44 per cent, at 28 cents on 28 cents on 8.03 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down two cents, or 0.36 per cent, at $5.51 on 7.15 million shares.
Toronto Venture Exchange (924.17 down 0.49 point):
Lignol Energy Corp. (TSXV:LEC). Biodiesel. Up two cents, or 17.39 per cent, at 13.5 cents on 8.28 million shares.
Samaranta Mining Corp. (TSXV:SAX). Mine explorer. Up 1.5 cents, or 300 per cent, at two cents on 8.20 million shares. The Vancouver-based company signed a lease agreement for the Spanish Canyon Project in Nevada from Mountain Gold Claims, LLC. The agreement requires the company to make advance royalty payments of $5,000 cash and 200,000 shares of its common stock upon signing.
Company reporting major news:
BlackBerry (TSX:BB). Wireless technology. Down four cents, or 0.43 per cent, at $9.26 on 2.02 million shares. The smartphone pioneer has given layoff notices to 250 workers at its product testing facility in Waterloo, Ont., in a bid to "increase efficiencies and scale our company correctly for new opportunities in mobile computing." About 5,000 employees were laid off last year in restructuring efforts.
Domtar Corp. (TSX:UFS). Forestry. Down $1.19, or 1.62 per cent, at $72.23 on 19,717 shares. The forest products company said lower productivity and higher maintenance costs at its pulp mills resulted to a US$46-million net loss in the second quarter. That's a reversal from a year ago's earnings of $59 million while sales fell slightly to just more than US$1.3 billion.
Goldcorp Inc. (TSX:G). Miner. Down 39 cents, or 1.33 per cent, at $28.85 on 3.94 million shares. The company booked a US$1.93-billion net loss in the second quarter as it wrote down the value of its Penasquito mine in Mexico due to the falling gold price and its impact on the project's exploration potential. The loss was compared with a profit of $268 million a year ago while revenue dipped to $889 million from $1.08 billion.
PotashCorp (TSX:POT). Fertilizer. Down 82 cents, or 2.09 per cent, at $38.35 on 4.79 million shares. The global fertilizer lowered its profit estimate for the current year and announced plans to spend up to $2 billion to buy back some of its stock. It also posted better second-quarter profit compared with last year despite weaker sales.
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.