Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,942.55, up 40.11 points):
Rio Alto Mining Ltd. (TSX:RIO). Miner. Up 16 cents, or 5.13 per cent, to $3.28 on 8.8 million shares.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Down two cents, or 2.78 per cent, to 70 cents on 7.9 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up six cents, or 3.90 per cent, to $1.60 on 7.3 million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up nine cents, or 8.57 per cent, to $1.14 on 5.4 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down four cents, or 1.16 per cent, to $3.41 on 5.36 million shares.
Romarco Minerals Inc. (TSX:R). Miner. Up two cents, or 4.65 per cent, to 45 cents on 5.1 million shares.
Companies reporting major news:
DHX Media Ltd. (TSX:DHX.A). Entertainment. Down 28 cents, or 2.07 per cent, to $8.83 on 530,274 shares. (TSX:DHX.B). Down 32 cents, or 3.50 per cent, to $8.82 on 565,452 shares. The company signed a multi-year agreement for The Orchard to distribute more than 8,000 episodes of DHX Media’s library content in the U.S., Latin America, South Africa, Europe, Australia and New Zealand.
Holloway Lodging Corp. (TSX:HLC). Travel and leisure. Up 37 cents, or 5.99 per cent, to $6.55 on 10,415 shares. The Halifax-based company has sold its Travelodge franchise business for $21 million and says it expects to record a $6.4-million gain from the sale, equivalent to 33 cents per share in the first quarter of its 2015 financial year.
Royal Bank of Canada (TSX:RY). Bank. Down 10 cents, or 0.13 per cent, to $76.25 on 3.9 million shares. Canada’s largest bank is selling its subsidiary in Suriname as part of a more focused approach to the Caribbean region. The buyer is Republic Bank Ltd., which is based in Trinidad and operates in several Caribbean countries.
Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Down $1.06, or 0.42 per cent, to $249.15 on 363,677 shares. Valeant said its US$11.1-billion friendly takeover bid for Salix Pharmaceutical, Ltd. has been successful, with about three-quarters of all Salix shares tendered by the deadline early Wednesday. Valeant’s offer of US$173 in cash per Salix share defeated a rival bid from Dublin-based Endo International, which had offered a combination of stock and cash valued at about US$175 per share.