TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,801.23 up 45.31 points):
BlackBerry (TSX:BB). Wireless technology. Down 40 cents, or 2.37 per cent, at $16.51 on 7,983,431 shares. The once dominant smartphone maker’s stock fell after five straight days of gains. BlackBerry, formerly Research In Motion, said Thursday that it is exploring strategic options and has added two veterans of the telecom industry to its board.
TORC Oil and Gas Ltd. (TSX:TOG). Oil and gas. Up seven cents, or 3.32 per cent, at $2.18 on 6,735,993 shares.
B2Gold Corp. (TSX:BTO). Miner. Down 12 cents, or 3.27 per cent, at $3.55 on 5,477,572 shares.
First Nickel Inc. (TSX:FNI). Mineral explorer. Down half a cent, or 8.33 per cent, at 5.5 cents on 5,387,700 shares. The Toronto-based miner’s stock fell a day after announcing that it is “continuing to review potential sources of additional financing” to complete its Lockerby Depth development program in Ontario. First Nickel said that a delay in its production in the fourth quarter impacted the company’s working capital and liquidity positions.
Manulife Financial Corp. (TSX:MFC). Insurer. Up 29 cents, or 1.99 per cent, at $14.84 on 4,740,826 shares. The insurer’s stock continued to rise a day after it posted improved fourth-quarter profit despite a 26 per cent decline in revenue.
Primaris Retail REIT (TSX:PMZ.UN). Shopping mall operator. Down eight cents, or 0.29 per cent, at $27.35 on 4,737,196 shares. The two rival groups that have been bidding for one of Canada’s largest shopping mall operators announced a truce earlier in the week, pegged at $4.6 billion. H&R Real Estate Investment Trust (TSX:HR.UN) announced it will own Primaris and the rest of its portfolio while the KingSett consortium will buy 18 Primaris properties. Units of H&R were down 15 cents, or 0.64 per cent, at $23.23 on 1,656,562 shares.
TSX Venture Exchange (1,205.81 down 0.30 point):
Galaxy Graphite Corp. (TSXV:GXY). Mineral explorer. Up three cents, or 30 per cent, at 13 cents on 6,909,039 shares.
Soldi Ventures Inc. (TSXV:SOV). Mineral explorer. Up 1.5 cents, or 50 per cent, at 4.5 cents on 5,759,318 shares. The junior exploration company announced it has staked an additional 120.4 hectare property within Galaxy Graphite’s Buckingham Project. On Thursday, Graphite President and CEO Chris Healey said the assay results from the Quebec property “clearly demonstrated the potential to discover a graphite deposit on the Buckingham property.”
Companies reporting major news:
Canadian National Railway (TSX:CNR). Railway. Up $1.58, or 1.64 per cent, at $97.82 on 607,600 shares. Canada’s largest railway put the brakes on a costly railway line in northern Quebec midway through a feasibility study, due in part to delays in mining projects because of low iron ore prices.
Brookfield Infrastructure (TSX:BIP.UN). Utilities. Up $1.32, or 3.43 per cent, at $39.82 on 413,518 shares. The Bermuda-based company is hiking its dividend by 15 per cent even as it reports lower net income in the fourth-quarter. The company cited higher depreciation and amortization costs among reasons for a decrease in quarterly profits while revenue increased to US$244 million from $181 million.
Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN). Power. Up 13 cents, or 0.43 per cent, at $30.05 on 168,648 shares. The Toronto-based company is proceeding with its hostile takeover bid for Western Wind Energy Corp. after getting a favourable ruling from the Ontario Securities Commission.
Heroux-Devtek (TSX:HRX). Aerospace equipment maker. Down nine cents, or 0.95 per cent, at $9.40 on 29,013 shares. Third-quarter results were weak due to soft military sales as governments sought to trim deficits, but the company expects its commercial customers will provide a strong finish to the fiscal year.