Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,155.16, up 89.30 points).
Cronos Group Inc. (TSX:CRON). Health care. Down 30 cents, or 1.1 per cent, to $27.06 on 11 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 14 cents, or 1.13 per cent, to $12.23 on 10.8 million shares.
RNC Minerals (TSX:RNX). Materials. Down seven cents, or 11.86 per cent, to 52 cents on 8.2 million shares.
TransCanada Corp. (TSX:TRP). Energy. Unchanged at $60.87 on 8 million shares.
Manulife Financial Corp. (TSX:MFC). Up 29 cents, or 1.31 per cent, to $22.42 on 7.6 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Up 12 cents, or 0.79 per cent, to $15.26 on 6.4 million shares.
Cronos Group Inc. — Cronos saw revenue more than triple to $5.6 million during the fourth quarter, boosted by the legalization of recreational cannabis last October. But operating expenses soared as well, pushing the licensed producer to a net loss of $11.6 million, compared to a profit of $2.1 million one year earlier.
SNC-Lavalin Group Inc. (TSX:SNC). Down 10 cents to $34.25. SNC-Lavalin is leaving the door open to a lawsuit against Chile’s state-owned copper mining company, which has terminated its contract with the construction giant. The Montreal-based engineering firm said it was “appalled and surprised” that state miner Codelco ended the US$260-million contract due to alleged quality issues and delays in subcontractor payments and project execution.
TransAlta Corp. (TSX:TA). Up eight cents to $9.51. U.S. activist investors trying to use their stake in TransAlta Corp. to force change are nominating five new directors to the company’s board in an effort to interrupt a $750-million investment in the power utility. Cove Key Bluescape Holdings announced March 18 it had partnered with Bluescape Energy Partners and Mangrove Partners to use their combined 10 per cent stake to press for changes that will increase the value of the Calgary utility’s shares.
Goldcorp Inc. (TSX:G). Up 30 cents, or two per cent to $15.20. Newmont Mining Corp. says proxy advisory firm Institutional Shareholder Services Inc. has recommended shareholders vote in favour of the gold miner’s acquisition of Goldcorp. The company says the report found a vote in favour of the deal was warranted given what it called a solid strategic rationale and expected financial benefits, which are bolstered by the recent addition of a special dividend of 88 cents per share if its friendly takeover is approved.
The Canadian Press