TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,626.06, down 30.06 points)
D-Box Technologies Inc. (TSX:DBO). Technology. Up nearly 10 cents, or 86.36 per cent, to nearly $0.21 on 17.9 million shares.
B2Gold Corp. (TSX:BTO). Basic Materials. Down 66 cents, or 6.95 per cent, to $8.84 on 11.32 million shares.
StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up nearly a penny, or 5.26 per cent, to $0.10 on 11.27 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down a penny, or 0.02 per cent, to $43.41 on 6.17 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 33 cents, or 1.47 per cent, to $22.12 on 5.39 million shares.
Barrick Gold Corp. (TSX:ABX). Basic Materials. Down 25 cents, or 0.63 per cent, to $39.59 on 5.22 million shares.
Companies in the news:
Horizon North Logistics Inc. (TSX:HNL) Up eight cents, or nearly 1.58 per cent, to $5.15. Horizon North Logistics Inc. says that Rod Graham is stepping down as co-chief executive and president of modular solutions. The company says John MacCuish, Graham’s co-CEO, will become the sole chief executive and continue as president of its facilities management business. Under the plan, Graham will continue to work with the company for a up to 90 days to ensure a smooth transition. He will also remain a director until the next annual meeting.
Calfrac Well Services Ltd. (TSX:CFW). Unchanged at nearly $0.16. A Texas suitor for Calgary-based Calfrac Well Services Ltd. is urging shareholders to reject a management recapitalization proposal favoured by its senior debtholders. Wilks Brothers LLC says Calfrac’s announcement on Monday that it will recommend stakeholders vote in favour of management’s debt-for-shares proposal is “deeply troubling” as it promotes the interests of “self-selected” insiders and unsecured noteholders. It says that if shareholders reject the management alternative when the matter is put to a vote on Sept. 17, the Wilks proposal — which it argues offers better recoveries for stakeholders and a stronger capital structure for Calfrac — will remain on the table. Calfrac said Monday a special committee of its directors found the Texas bid lacks enough support to be successful, noting the original plan has the support of 78 per cent of holders of senior unsecured notes. It warned rejection could mean no recovery for shareholders.
This report by The Canadian Press was first published Aug. 18, 2020.
The Canadian Press