Most actively traded companies on the TSX

Most actively traded companies on the TSX
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TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,103.22, up 136.66 points.)

Freegold Ventures Ltd. (TSX:FVL). Materials. Unchanged at 34 cents on 21.8 million shares.

Manulife Financial Corp. (TSX:MFC). Financials. Up five cents, or 0.29 per cent, to $17.13 on 14.4 million shares.

Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 2.27 per cent, to 43 cents on 12.9 million shares.

Enbridge Inc. (TSX:ENB). Energy. Up $1.56, or 3.49 per cent, to $46.21 on 11.2 million shares.

B2Gold Corp. (TSX:BTO). Materials. Down 32 cents, or 4.19 per cent, to $7.32 on 10.9 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Down four cents, or 0.17 per cent, to $23.79 on 8.9 million shares.

Companies in the news:

Quebecor Inc. (TSX:QBR.B). Down eight cents to $29.83. Quebecor’s interest in Cirque du Soleil seems logical to at least one financial analyst if the media company opts to trim the size of Cirque’s entertainment business in order to revive its financial health. In a note sent to clients, Adam Shine of National Bank Financial evaluated a proposal whereby the Cirque would focus on six existing shows in Las Vegas and four others in China, Mexico, Germany and Orlando, Fla. This plan would mean the end of 13 touring shows and 21 other productions under affiliated brands like the Blue Man Group. Shine estimates that this plan could allow the entertainment company to generate revenues at about US$675 million as well as a profit before interest, taxes and depreciation of more than $100 million.

Alacer Gold Corp. (TSX:ASR). Down 32 cents or 3.9 per cent to $7.87. SSR Mining Inc. and Alacer Gold Corp. have signed a deal to merge operations. Under the all-stock deal, Alacer shareholders will receive 0.3246 SSR Mining shares for each Alacer share held. The exchange ratio implies a value of $8.19 per Alacer share, based on closing prices Friday. The combined company will continue as SSR Mining and be headquartered in Denver. SSR Mining shareholders will hold 57 per cent of the combined company, while Alacer shareholders will own 43 per cent. Alacer chief executive Rod Antal will be chief executive of the combined company, while the board will include five directors from each company.

This report by The Canadian Press was first published May 11, 2020.

 

 

The Canadian Press

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