TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,380.55 up 45.24 points):
Fortis Inc. (TSX:FTS.IR). Utilities. Up five cents, or 0.15 per cent, to $33.95 on 11.1 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Down 12 cents, or 1.95 per cent, to $6.02 on 8.3 million shares. Surge Energy Inc. plans to buy Longview Oil Corp. in a friendly deal valued at roughly $430 million, including debt, creating a mid-sized player focused on exploiting light and medium oil in Alberta. The two Calgary-based oil and gas companies said their businesses are a good fit with one another.
Longview Oil Corp. (TSX:LNV). Oil and gas. Up 28 cents, or 5.10 per cent, to $5.77 on 5.8 million shares.
Martinrea International Inc. (TSX:MRE). Autos. Up 83 cents, or 8.32 per cent, to $10.80 on 1.4 million shares. The company’s stock rose for the second day after it announced on Monday it would begin the hunt for a new president and chief executive officer to replace Nick Orlando. Its stock had gained nearly 14 per cent on Monday.
Calmena Energy Services Inc. (TSX:CEZ). Oil and gas. Unchanged at four cents on 5.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up 14 cents, or 3.41 per cent, to $4.25 on 4.7 million shares.
TVI Pacific Inc. (TSX:TVI). Miner. Down 0.5 cents, or 25 per cent, to 1.5 cents on 4.6 million shares.
Toronto Venture Exchange (1,000.93 up 6.37 points):
Supreme Pharmaceuticals Inc. (TSXV:SL). Biotechnology. Unchanged at six cents on 9 million shares.
True North Gems Inc. (TSX:TGX). Miner. Down one cent, or 12.50 per cent, to seven cents on 7.9 million shares.
Companies reporting major news:
WSP Global Inc. (TSX:WSP). Engineering and construction. Up $1.09, or 3.05 per cent, to $36.82 on 371,414 shares. Shares in the engineering services firm hit a record high Tuesday after industry analysts raised the company’s target prices by as much as 15.7 per cent on a bullish outlook of its prospects for growth. At least six analysts increased their price targets to between $36 and $42 after WSP closed a $293-million equity offering to fund the acquisition of Alberta engineering and geomatics firm Focus Group Holding.