TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,962.37, down 143.26 points):
B2Gold Corp. (TSX:BTO). Miner. Down seven cents, or 2.24 per cent, to $3.06 on 8.4 million shares.
Semafo Inc. (TSX:SMF). Miner. Up five cents, or one per cent, to $5.05 on 5.8 million shares.
Orbite Aluminae Inc. (TSX:ORT). Miner. Up five cents, or 11.63 per cent, to 48 cents on 5.7 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down $1, or 2.04 per cent, to $47.95 on 5.3 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Down 15 cents, or 1.93 per cent, to $7.61 on 4.9 million shares.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Down three cents, or 1.63 per cent, to $1.81 on 4.4 million shares.
Toronto Venture Exchange (1,016.58, down 7.39 points):
Suroco Energy Inc. (TSXV:SRN). Oil and gas. Up five cents, or 6.58 per cent, to 81 cents on 4.9 million shares.
Crown Point Energy Inc. (TSXV:CWV). Oil and gas. Down 38 cents, or 52.05 per cent, to 35 cents on 4.8 million shares.
Companies reporting major news:
AGF Management Ltd. (TSX:AGF.B). Asset management. Down 50 cents, or 3.91 per cent, to $12.28 on 971,062 shares. The mutual fund operator and wealth management company reported it had $14.5 million or 17 cents per share of net income in its fiscal second quarter, contrasting with a year-earlier loss of $10.4 million or 12 cents per share. Revenue from continuing operations was down from a year earlier, dropping to $119.1 million from $126.9 million.
BCE Inc. (TSX:BCE). Communication services. Down 20 cents, or 0.41 per cent, to $48.33 on 1.9 million shares. Bell Media, the radio and television division of the company, is laying off as many as 120 employees, or about five per cent of its Toronto workforce, due to “financial pressure” in its advertising and subscription TV services.
Shaw Communications (TSX:SJR.B). Communication services. Down 15 cents, or 0.57 per cent, to $26.25 on 2.7 million shares. The Calgary-based company is fighting an uphill battle according to analysts, who say its heavy reliance on television services for revenue puts it at a disadvantage to rivals that can also offer mobile phone and wireless data packages. The company’s next financial report, on Thursday, is expected to show the March-May period was an improvement on the three previous quarters but opinion is split on whether the third quarter will be a blip or signal a return to growth.