TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,642.11, up 221.75 points.)
Royal Bank of Canada (TSX:RY). Financials. Up $1.75, or 2.1 per cent, to $84.95 on 10.2 million share.
Manulife Financial Corp. (TSX:MFC). Financials. Up 26 cents, or 1.62 per cent, to $16.32 on 9.5 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up four cents, or 3.88 per cent, to $1.07 on 9.1 million shares.
Guyana Goldfields Inc. (TSX:GUY). Materials. Up 16.5 cents, or 39.76 per cent, to 58 cents on 8.4 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down three cents, or 0.7 per cent, to $4.25 on 7.7 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down nine cents, or 1.18 per cent, to $7.54 on 6.5 million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Up $2.48 or 2.2 per cent to $113.91. Canadian National Railway Co. says it is withdrawing its profit forecast for the year due to the uncertainty fostered by the COVID-19 pandemic. The country’s largest railway says the link between freight demand and ongoing containment measures — whose duration remains uncertain — have prompted it to scrub its 2020 guidance as well as the three-year targets it outlined last June. Most North American railways have withdrawn or revised their outlooks in response to a virus that has upended the economy, shuttered businesses across the globe and triggered a looming recession.
Guyana Goldfields Inc. — Silvercorp Metals Inc. says it has struck a deal to buy Guyana Goldfields Inc. in a cash-and-shares transaction worth about $105 million. The two Canadian miners say the transaction will create a diversified company by combining Silvercorp’s two underground silver mining operations in China with Guyana Goldfields’ Aurora gold mining operation in Guyana. Guyana Goldfields shareholders will have the option to receive 60 cents in cash or 0.1195 of a Silvercorp common share for each Guyana Goldfields share they hold, subject to maximum cash consideration of $33.2 million.
DavidsTea Inc. — DavidsTea Inc. said Monday it faces the possibility of being delisted from the Nasdaq due to its low stock price. The Montreal-based company said in a statement that the Nasdaq Stock Market LLC notified the company on April 21 that it “is not in compliance with the minimum bid price requirement” under the index’s listing rules. Shares traded on the exchange must meet a US$1 minimum bid price. If a company trades below that threshold for 30 straight business days, Nasdaq will send them a deficiency notice, according to the Nasdaq Listing Center. The company is given 180 days to regain compliance.
This report by The Canadian Press was first published April 27, 2020.
The Canadian Press