TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,794.44 down 36.11 points):
Research In Motion Ltd. (TSX:RIM). Wireless technology. Down $1.85, or 11.78 per cent, at $13.86 on 22,757,108 shares. The smartphone pioneer is rebranding itself as BlackBerry on the day it launched its new line of phones. The touchscreen model, BlackBerry Z10, will be available in Canada next Tuesday while the model with a physical keyboard will follow at a later date. The devices were originally due for release last year.
Northland Resources S.A. (TSX:NAU). Miner. Up four cents, or 27.59 per cent, at 18.5 cents on 7,734,254 shares. The Luxembourg-based company said that it will start loading its first shipment of 40,000 tonnes of high grade iron ore concentrate on Feb. 9. The cargo is going to Tata Steel in the Netherlands where the product will be used in their pellet plant.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down six cents, or 1.47 per cent, at $4.01 on 4,911,673 shares.
B2Gold Corp. (TSX:BTO). Miner. Up three cents, or 0.79 per cent, at $3.83 on 4,380,883 shares. B2Gold announced 2012 exploration results and plans and budgets for the the Vancouver-based miner’s projects in Namibia, Nicaragua, Uruguay and the Philippines.
Kinross Gold Corp. (TSX:K). Miner. Down eight cents, or 0.94 per cent, at $8.39 on 4,053,587 shares. The gold sector dropped 0.39 per cent to 279.98 points.
Osisko Mining Corp. (TSX:OSK). Miner. Up 26 cents, or 3.84 per cent, at $7.03 on 3,782,483 shares. The Montreal-based company released assay results of its diamond drill program at the Upper Beaver gold project in Kirkland Lake, Ont.
TSX Venture Exchange (1,222.35 down 9.57 points):
Majestic Gold Corp. (TSXV:MJS). Gold producer. Up half a cent, or five per cent, at 10.5 cents on 5,392,762 shares.
Underground Energy Corp. (TSX:UGE). Oil and gas. Unchanged at two cents, or 3,978,000 shares.
Companies reporting major news:
AGF Management Ltd. (TSX:AGF.B). Wealth manager. Up 62 cents, or 6.08 per cent, at $10.82 on 443,685 shares. A nearly 10 per cent drop in fourth-quarter revenue dragged the bottom line of the wealth manager and mutual fund company by 37.5 per cent. Total assets under management decreased 14.9 per cent to 39.2 billion as of Nov. 30 but AGF believes 2013 will mark a better environment for equity investing both domestically and globally.
CCL Industries Inc. (TSX:CCL.B). Label and container maker. Up $7.53, or 16.47 per cent, at $53.25 on 341,039 shares. The Toronto-based company is buying the Avery line of labelling products and other assets from California-based Avery Dennison for US$500-million cash. CCL will acquire two business units with US$910 million in combined annual revenue in 2012, about equal to what CCL generates from its current operations around the world.
CGI Group (TSX:GIB.A). Information technology. Up $2.01, or 8.28 per cent, at $26.30 on 2,081,161 shares. First-quarter revenue at the IT services company more than doubled to $2.53 billion, largely due to its acquisition of U.K. IT provider Logica PLC. Its net income tanked to $22.4 million from $106.5 million due $153.4 million costs related to the takeover. CGI also announced a renewed share buyback program.