TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,151.13 down 6.16 points):
Uranium One Inc. (TSX:UUU). Miner. Unchanged at $1.89 on 28,797,743 shares.
Loblaw Companies Ltd. (TSX:L). Grocery chain operator. Up $4.60, or 13.69 per cent, at $38.20 on 10,353,277 shares. The giant grocery operator’s stock shot up to a level not seen since early January on the announcement that it will create one of the largest real estate investment trusts in Canada. The REIT which would operate as a subsidiary of Loblaw, would see Canada’s biggest supermarket operator contribute real estate assets with a current market value of more than $7 billion to the venture.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up five cents, or 1.52 per cent, at $3.33 on 6,827,105 shares. Bombardier has secured an order for up to 70 CRJ900 NextGen regional jets from Delta Air Lines valued at US$1.85 billion based on current list prices.
Phonetime Inc. (TSX:PHD). Telecommunications. Down a penny, or 15.38 per cent, at 5.5 cents on 6,780,500 shares.
Talison Lithium Ltd. (TSX:TLH). Miner. Up 44 cents, or 6.40 per cent, at $7.31 on 5,370,663 shares. The directors of Talison is recommending the Tianqi Scheme to its shareholders and considers it as a “superior proposal” over its deal with Rockwood Holdings Inc. Tianqi has offered $7.15 per share for the Talison shares it does not already own in a bid that values the company at about $792 million, while the Rockwood offer is worth $6.50 per share or about $720 million.
Torex Gold Resources Inc. (TSX:TXG). Miner. Down two cents, or 0.96 per cent, at $2.06 on 5,366,261 shares.
TSX Venture Exchange (1,186.70 up 2.16 points):
PetroFrontier Corp. (TSXV:PFC). Oil and gas. Down 19.5 cents, or 63.93 per cent, at 11 cents on 14,612,425 shares.
TransGaming Inc. (TSXV:TNG). Electronic entertainment. Up 2.5 cents, or 45.45 per cent, at eight cents on 3,882,086 shares.
Companies reporting major news:
Dollarama Inc. (TSX:DOL). Discount retailer. Down $1.51, or 2.41 per cent, at $61.09 on 323,148 shares. The discount retailer saw its third-quarter profit jumped to $51.5 million from year-earlier $41.8 million while revenue soared 14.4 per cent to just under $458 million. The improvement was due to higher sales at established locations and additional stores in its network.
Lululemon Athletica Inc. (TSX:LLL). Yoga-wear retailer. Up $4.85, or 7.13 per cent, at $72.89 on 466,951 shares. The company forecasted a slower sales growth in the final quarter of the year amid a 48 per cent increase in third-quarter profit. Revenue totalled $316.5 million, up from $230.2 million.
Rona Inc. (TSX:RON). Home improvement retailer. Up 30 cents, or 2.96 per cent, at $10.45 on 202,993 shares. Canada’s largest home-improvement retailer says it’s preparing to sell non-core assets and make other strategic moves to improve its profitability. No details were provided.
TD Bank Financial Group (TSX:TD). Bank. Down $1.46, or 1.77 per cent, at $81.12 on 2,232,170 shares. TD, one of North America’s biggest retail banks, is buying U.S.-based money manager Epoch Holding Corp. for US$668 million in cash. The bank also booked fourth-quarter income of $1.6 billion, up from $1.59 billion in the same period last year with revenue of $5.89 billion versus $5.66 billion.