Most actively traded companies on the TSX

Most actively traded companies on the TSX
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Some of the most active companies traded Wednesday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,133.12, up 1.34 points).

Aurora Cannabis Inc. (TSX:ACB). Health care. Down 58 cents, or 6.64 per cent, to $8.16 on 21.7 million shares.

Bombardier Inc. (TSX:BBD.B). Down five cents, or 2.22 per cent, to $2.20 on 21.3 million shares.

RNC Minerals (TSX:RNX). Metals. Up one cent, or 1.85 per cent, to 55 cents on 18.3 million shares.

Cenovus Energy Inc. (TSX:CVE). Energy. Down 26 cents, or 2.36 per cent, to $10.78 on 10.3 million shares.

Encana Corp. (TSX:ECA). Energy. Down 43 cents, or 4.01 per cent, to $10.28 on 8.8 million shares.

Tahoe Resources Inc. (TSX:THO). Metals. Up $1.42, or 49 per cent, to $4.32 on 7.9 million shares.

 

Companies reporting major news:

Stelco Holdings Inc. (TSX:STLC). Up $1.75 or 9.7 per cent to $19.80. The company’s shares climbed more than 10 per cent after the company downplayed expected impacts of U.S. tariffs as it shifts focus further into the Canadian market. The Hamilton-based steel producer paid about $39 million in tariffs in the third quarter, but Stelco chief executive Alan Kestenbaum said in an earnings conference that he expects that to drop in the fourth quarter. He said the company will look to shift its current 24 per cent of production exposed to U.S. tariffs closer to zero by selling more into the Canadian market.

Cineplex Inc. (TSX:CGX). Down $7.49 or 20.8 per cent to $28.56. Hit films helped deliver box office and concession stand gains for Cineplex Inc., but that wasn’t enough to keep the entertainment giant from missing expectations as lower profits caused the company’s shares to fall by nearly 20 per cent. The Toronto-based movie theatre operator said Wednesday that it earned $10.2 million or 16 cents per diluted share for the company’s third quarter, a 40.7 per cent drop from $17.2 million or 27 cents per diluted share the year before. Revenue for the period ended Sept. 30 increased 4.4 per cent to $386.7 million, up from $370.4 million.

Aimia Inc. (TSX:AIM). Down 10 cents or 2.6 per cent to $3.70. The company said it is launching a review of its strategic direction as it works to complete the sale of its flagship Aeroplan rewards program. Aimia’s board of directors has asked management to present it with alternative visions and plans for the company’s future after it closes a $450-million deal to sell Aeroplan to a consortium led by Air Canada. Aimia management said in August it has considered further asset sales and a wind-up of the company. The strategic review announcement came as Aimia reported earnings of $21.7 million or 11 cents per share in its third quarter, compared with a loss of $40.3 million or 29 cents per share in the same period last year. Revenue totalled $372.7 million, up from $350.5 million.

Canopy Growth Corp. (TSX:WEED). Down $5.75 or 11.3 per cent to $45.14. The cannabis producer’s shares fell more than 10 per cent after it reported a wider quarterly loss and revenue slowdown as operating expenses soared ahead of Canada’s legalization of recreational pot, which also served as a “distraction” for medical patients. Revenue totalled $23.3 million, up from $17.6 million a year ago but down sequentially from $25.9 million in the previous quarter. The company reported lost $330.6 million or $1.52 per share, compared with a loss of $1.6 million or a penny per share a year ago.

The Canadian Press

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