Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,695.49, down 94.46 points):
Mart Resources, Inc. (TSX:MMT). Oil and gas. Down two cents, or 30.77 per cent, to 4.5 cents on 15.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 68 cents, or 8.18 per cent, to $7.63 on 8.6 million shares. Encana Corp. says it expects to end the year with about 600 fewer employees than it started with after being forced to adjust to lower oil and gas prices. The drop amounts to a 19 per cent head count reduction, with half coming from layoffs that mostly took place during the summer.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 51 cents, or 11.49 per cent, to $3.93 on 8.1 million shares.
OceanaGold Corp. (OGC). Miner. Up four cents, or 1.63 per cent, to $2.50 on 5.8 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down four cents, or 3.36 per cent, to $1.15 on 5.7 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 17 cents, or 10.30 per cent, to $1.48 on 5.2 million shares.
Companies reporting major news:
Trinidad Drilling Ltd. (TSX:TDG). Oil and gas. Down two cents, or 1.03 per cent, to $1.92 on 569,971 shares. Trinidad Drilling Ltd. has chopped its initial capital spending budget for 2016 to $30 million — 84 per cent less than what it’s spending this year — to reflect weak conditions in the oil and gas industry. The Calgary-based company says it’s primarily aiming to maintain its current operations, although it may be able to spend as much as $45 million if certain growth opportunities arise — still 76 per cent below 2015 levels.