TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,575.28, down 78.27 points)
StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up 2.5 cents, or 38.46 per cent, to nine cents on 17.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 43 cents, or 0.96 per cent, to $45.09 on 8.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 47 cents, or 2.08 per cent, to $23.09 on 7.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 10 cents, or 0.49 per cent, to $20.55 on 6.5 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 15 cents, or 0.43 per cent, to $34.72 on 6.1 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down four cents, or 0.47 per cent, to $8.53 on 5.5 million shares.
Companies in the news:
Metro Inc. (TSX:MRU). Up 61 cents, or nearly 1.05 per cent, to $58.75. Metro Inc. reported a profit of $263.5 million in its latest quarter, up from $222.4 million a year ago, while its sales rose more than 10 per cent as Canadians stayed and cooked at home due to the pandemic. The grocery and pharmacy store retailer, which owns the Jean Coutu Group, says the profit amounted to $1.04 per share for the 16-week period ended July 4, up from 86 cents per share a year ago. Sales totalled $5.84 billion, up from $5.23 billion. Food same-store sales rose 15.6 per cent, while pharmacy same-store sales edged up 1.0 per cent. On an adjusted basis, Metro says it earned $1.08 per share for what was the company’s third quarter, up from an adjusted profit of 90 cents per share a year ago.
CAE Inc. (TSX:CAE). Down 24 cents, or 1.09 per cent, to $21.70. CAE Inc. says it had a loss of $110.6 million in its latest quarter and plans a restructuring program that is expected to cost $100 million over the next 12 months. Chief executive Marc Parent says CAE faced the full brunt of the COVID-19 pandemic in the quarter and the worst may now be behind it, but the recovery is unlikely to be linear or quick. The maker of flight simulators says the loss amounted to 42 cents per share for the quarter ended June 30 compared with a year-earlier profit of $61.5 million or 23 cents per share. Revenue in what was the first quarter of the company’s 2021 financial year fell to $550.5 million, compared with $825.6 million a year ago.
Total Energy Services Inc. (TSX:TOT). Up eight cents, or nearly 3.64 per cent, to $2.28. Total Energy Services Inc. reported a 68 per cent decline in revenue in the second quarter due to a near collapse in oilfield activity in North America but beat analyst estimates for adjusted income. The Calgary-based drilling company’s total reported adjusted earnings of $12.9 million on revenue of $70.8 million in the three months ended June 30, was down from $17.5 million on $212.7 million in the year-earlier period. Adjusted earnings beat analyst expectations of $7.3 million despite revenue coming in well below forecasts of $100.7 million, according to financial data firm Refinitiv.
This report by The Canadian Press was first published Aug. 12, 2020.
The Canadian Press