TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,481.37 down 53.54 points):
BlackBerry (TSX:BB). Wireless technology. Down $1.11, or 7.43 per cent, at $13.82 on 8.33 million shares. The smartphone pioneer’s largest investor, Prem Watsa, said he’s sticking with the company despite founder Mike Lazaridis’ exit in May. Watsa first became interested in RIM because of his friendship with Lazaridis.
Barrick Gold Corp. (TSX:ABX). Miner. Up 19 cents, or 0.77 per cent, at $25 on 7.11 million shares. A Chilean court suspended activities at its Pascua-Lama mine Wednesday due to “environmental irregularities.”
Kinross Gold Corp. (TSX:K). Miner. Down 23 cents, or 3.23 per cent, at $6.88 on 6.05 million shares. Gold was one of the leading decliners on the main index, shedding 1.49 per cent to finish at 227.42 points.
Southern Pacific Resource Corp. (TSX:STP). Oil. Down 13 cents, or 17.11 per cent, at 63 cents on 5.80 million shares. The company said production at its McKay Thermal Project in Alberta averaged about 1,000 barrels of bitumen per day in March. The lower activity was because of a downtime due to planned maintenance and “deliberate production restrictions” on several steam assisted gravity drainage well pairs.
Cline Mining Corp. (TSX:CMK). Miner. Down 2.5 cents, or 33.33 per cent, at five cents on 5.57 million shares. The troubled company said it did not receive the $2.5 million deposit from Portpool Investments Ltd. by the 5 p.m. deadline Wednesday. Cline said it will pursue its previously negotiated restructuring plan with Marret Asset Management Inc.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down six cents, or 1.47 per cent, at $4.03 on 5.47 million shares. Porter Airlines confirmed Wednesday a conditional order worth up to US$2.29 billion for 12 of Bombardier’s CS100 aircraft, options on 18 more and rights for six Q400 NextGen turboprops.
Toronto Venture Exchange (1,048.54 up 0.80 point):
Renegade Petroleum Ltd. (TSXV:RPL). Oil and gas. Up 11 cents, or 8.09 per cent, at $1.47 on 7.11 million shares.
Corsa Coal Corp. (TSXV:CSO). Miner. Up 1.5 cents, or 15.79 per cent , at 11 cents on 4.46 million shares.
Companies reporting major news:
Corus Entertainment Inc. (TSX:CJR.B). Media and entertainment. Down $1.11, or 4.32 per cent, at $24.60 on 309,113 shares. The Toronto-based company’s second-quarter net income plunged 81 per cent, as it was hit by a $25-million pre-tax debt refinancing charge and “soft” business results. Net income attributable to shareholders fell to $5.9 million or seven cents per diluted share, down from $31.6 million on 38 cents in the same 2012 period. Revenue totalled $183.7 million versus $205.7 million.
Hudson’s Bay Company (TSX:HBC). Retailer. Up 25 cents, or 1.69 per cent, at $15 on 120,294 shares. Fourth-quarter profits from continuing operations were $93.6 million or 81 cents per share down from $99.2 million or 95 cents per share in the same year-earlier period. The company, which returned to the public stock markets in November, said the weaker results is due to the impact of hurricane Sandy on its Lord & Taylor operations in the United States.
Royal Bank of Canada (TSX:RY). Bank. Down nine cents, or 0.15 per cent, at $61.29 on 1.70 million shares. The chief executive of Canada’s largest bank will apologize publicly to the 45 people affected by the bank’s outsourcing arrangement with a foreign company through an open letter to be published Friday. Gordon Nixon said “all will be offered comparable job opportunities within the bank.”