TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,588.95, down 22.01 points):
PrairieSky Royalty Ltd. (TSX:PSK). Oil and gas. Up $2, or 5.7 per cent, to $37 on 20.1 million shares. The debut of shares in the Encana Corp. (TSX:ECA) subsidiary, in which Encana is spinning off some of its Alberta land holdings, followed an initial public offering of 52 million common shares at an offering price of $28. First trades on the TSX were at $35 per share.
Bellatrix Exploration Ltd. (TSX:BXE). Oil and gas. Down four cents, or 0.42 per cent, to $9.51 on 9.8 million shares.
CI Financial Corp. (TSX:CIX). Asset management. Up 35 cents, or 1.04 per cent, to $34 on 8.1 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down five cents, or 1.85 per cent, to $2.66 on 7.7 million shares.
Trimel Pharmaceuticals Corp. (TSX:TRL). Drug Manufacturer. Up 16 cents, or 22.54 per cent, to 87 cents on 5.4 million shares.
Carpathian Gold Inc. (TSX:CPN). Miner. Unchanged at 2.5 cents on 4.4 million shares.
Toronto Venture Exchange (981.52, down 2.06 points):
Xmet Inc. (TSXV:XME). Miner. Down four cents, or 57.14 per cent, to three cents on 9.6 million shares.
Theralase Technologies Inc. (TSXV:TLT). Merical devices. Up 16 cents, or 64 per cent, to 41 cents on 8.9 million shares.
Companies reporting major news:
Bank of Nova Scotia (TSX:BNS). Bank. Up 31 cents, or 0.45 per cent, to $69.13 on 3.4 million shares. The bank is selling more than two-thirds of its interest in CI Financial Inc. in a deal worth at least $2.27 billion, making it one of the largest public offerings in Canada. Scotiabank will sell 72 million common shares of CI at $31.50 per share, reducing its current 37 per cent interest to about 11.4 per cent.
BlackBerry (TSX:BB). Communication equipment. Up 44 cents, or 5.56 per cent, to $8.36 on 5.1 million shares. CEO John Chen told a conference in California on Wednesday that he reckons the chances of turning around the smartphone maker have risen to 80-20. He had previously been placing the recovery odds at 50-50.
Canadian Imperial Bank Of Commerce (TSX:CM). Bank. Down $1.36, or 1.37 per cent, to $97.68 on 2.8 million shares. The bank said that poor results in its Caribbean operations were responsible for net income dropping to $306 million from $862 million a year ago. CIBC’s adjusted net income came in at $2.17 per share, beating analysts’ expectations of $2.07 per share and the bank also raised its quarterly dividend by two cents to $1 per common share.
Heroux-Devtek Inc. (TSX:HRX). Aerospace. Up 70 cents, or 6.09 per cent, to $12.20 on 45,842 shares. The Montreal-area company says it will invest about $90 million on equipment and facilities over two years to help it supply jet landing gear under a long-term contract with Boeing. The announcement was made as Heroux-Devtek released results that showed $1.23 million of net income and $5.95 million of adjusted net income from continuing operations for the quarter ended March 31. Net income was down from $8.3 million a year earlier, when the profit was boosted by $3.7 million related to the sale of about half of its business operations.
Quebecor Inc. (TSX:QBR.B). Communication Services. Down 46 cents, or 1.72 per cent, to $26.29 on 956,799 shares. Former prime minister Brian Mulroney is set to become chairman of the board of the media and telecom company. Mulroney, who has been vice-chairman, is expected to be elected chairman on June 19 when the company holds its annual meeting, the company said in a filing with securities regulators ahead of the gathering.