TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,360.16 up 127.54points):
Great Basin Gold Ltd. (TSX:GBG). Miner. Down 1.5 cents, or 14.29 per cent, at nine cents on 19,252,410 shares. The Vancouver-based company is under delisting review by Canada’s largest stock market. Great Basin announced Tuesday it suspended its operations at the Burnstone mine in South Africa due to lack of funds.
Barrick Gold Corp. (TSX:ABX). Miner. Up $1.57, or 4.05 per cent, at $40.32 on 7,327,634 shares. The gold sector led the advancers on the main index, up 12.57 points or 3.88 per cent to 336.73 points. The December bullion contract jumped US$38.40 to $1,772.10 per ounce on the New York Mercantile Exchange as buyers bought into the precious metal as a hedge against inflation.
Perseus Mining Ltd. (TSX:PRU). Miner. Up three cents, or 1.06 per cent, at $2.85 on 6,701,120 shares. The metals and mining sector was up 23.61 points or 2.52 per cent to 959.23 points.
Manulife Financial Corp. (TSX:MFC). Insurer. Up 56 cents, or 4.84 per cent, at $12.14 on 6,019,544 shares. Canada’s largest insurer launched Manulife Private Wealth, an investment and advisory services for those with high net worth. The financial sector ended the day at 180.18 points, up 1.24 points or 0.69 per cent.
Vero Energy Inc. (TSX:VRO). Oil and gas. Up 32 cents, or 14.10 per cent, at $2.59 on 5,380,428 shares. Torc Oil and Gas Ltd., a private oil and gas company, is buying Calgary-based Vero Energy for $177 million, including net debt. The company also announced a bought deal financing for $80.1 million with proceeds going to capital expenditures and general corporate expenses.
Goldcorp. Inc. (TSX:G). Miner. Up $1.99, or 4.74 per cent, at $44 on 5,141,515 shares.
TSX Venture Exchange (1,302.89 up 20.25 points):
ShaMaran Petroleum Corp. (TSXV:SNM). Mining exploration and development. Up eight cents, or 27.12 per cent, at 37.5 cents on 18,427,490 shares.
TNR Gold Corp. (TSXV:TNR). Mining exploration. Up nine cents, or 163.64 per cent, at 14.5 cents on 4,653,660 shares. The Vancouver-based company’s stock closed at its highest level since May 2011 after it released assay results on its Shotgun property in Alaska.
Companies reporting major news:
Empire Company Ltd. (TSX:EMP.A). Food distribution and theatre operator. Up 47 cents, or 0.82 per cent, at $58.05 on 33,285 shares. The Nova Scotia-based company, best known for its Sobeys grocery stores, posted higher first-quarter profit and revenue, thanks in part to the acquisition of more than 200 retail gas locations and convenience stores. Profit totalled $108.9 million or $1.60 per share, up from year-ago $89.2 million or $1.31 per share. Revenue was up 9.7 per cent to $4.56 billion.
Transat AT (TSX:TRZ.B). Travel. Up 91 cents, or 22.81 per cent, at $4.90 on 1,356,276 shares. The parent of Air Transat and numerous travel-related businesses is laying off about 50 of its 400 pilots and 550 of 1,800 flight attendants, after it booked its first profit in more than a year. Transat earned $9.4 million or 25 cents per share in the third quarter, reversing year-earlier loss of $2.8 million or seven cents per share. Revenue dropped three per cent to $909.1 million.