TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,656.12, up 141.51 points)
Enbridge Inc. (TSX:ENB). Energy. Down 11 cents, or 0.25 per cent, to $43.42 on 15.52 million shares.
D-Box Technologies Inc. (TSX:DBO). Technology. Up four cents, or 57.14 per cent, to 11 cents on 10.99 million shares.
StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up nearly two cents, or 18.75 per cent, to nearly 10 cents on 10.9 million shares.
Barrick Gold Corp. (TSX:ABX). Basic Materials. Up $4.05, or 11.32 per cent, to $39.84 on eight million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 12 cents, or 0.53 per cent, to $22.45 on 6.43 million shares.
Kinross Gold Corp. (TSX:K). Basic Materials. Up 70 cents, or 6.05 per cent, to $12.27 on 5.48 million shares.
Companies in the news:
Suncor Energy Inc. — Shares in Suncor Energy fell Monday after it reported it will be early September before bitumen production resumes at its base oilsands mining operation in Fort McMurray, Alta., following a fire on Friday. The Calgary-based company’s stock fell by as much as 37 cents or 1.6 per cent to $22.20 on Monday after it released an update on operations in the wake of the blaze in the extraction area of the mine. Suncor said its two upgraders at the oilsands project are working at minimum rates to process strip-mined bitumen inventory, as well as production piped in from its other operations that use steam to produce bitumen from shallow wells.
Paramount Resources Ltd. (TSX:POU). Up 13 cents, or 4.19 per cent, to $3.23. Oil and gas company Paramount Resources Ltd. is demanding a cash payout for its shares in Strath Resources Ltd. when it is merged with another private firm. Calgary-based Paramount says neither the amalgamation nor the process followed were in the best interests of Strath and its shareholders and it is exercising its “right of dissent” under the Alberta Business Corporations Act to be bought out for fair value. It didn’t specify a price. In 2018, Strath bought Paramount’s oil and gas producing assets in the Kakwa region of northwestern Alberta for $340 million, with half paid in cash and the rest by 85 million common shares at $2 each. The deal gave Paramount 15.6 per cent ownership of Strath and a seat on its board of directors.
Ivanhoe Mines Ltd. (TSX:IVN). Down a penny, or 0.19 per cent, to $5.14. Canadian miner Ivanhoe Mines Ltd. says a worker was killed Sunday at its Kamoa-Kakula Copper Project in the Democratic Republic of Congo. Ivanhoe says the fatality occurred underground while a contractor’s employee was moving a drilling rig at the Kakula north workings. It says the senior management team is working with government authorities on an investigation of the accident. The Kamoa-Kakula project is a joint venture in which Ivanhoe Mines and Zijin Mining Group each hold 39.6 per cent and the DRC government owns 20 per cent.
This report by The Canadian Press was first published Aug. 17, 2020.
The Canadian Press