TORONTO 鈥� Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,836.47, down 146.63 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 1.35 per cent, to 75 cents on 14.4 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $2.21, or 5.63 per cent, to $37.03 on 12.6 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Up 77 cents, or 0.94 per cent, to $83.02 on 10.5 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 52 cents, or 5.01 per cent, to $9.85 on 9.2 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.65, or 5.72 per cent, to $27.18 on nine million shares.聽
小蓝视频E Inc. (TSX:小蓝视频E). Telecommunications. Up 46 cents, or 0.82 per cent, to $56.85 on nine million shares.
Companies in the news:聽
Topaz Energy Corp. (TSX:TPZ). Up four cents to $14.20. Topaz Energy Corp. is raising its 2021 guidance to recognize recent acquisitions and signalling its intent to continue to be a buyer following its $250-million initial public offering in October. The Calgary-based company says it expects average royalty production of about 11,700 barrels of oil equivalent in 2021, up from 10,300 boe/d of actual output in the last three months of 2020. It also expects revenue from its gas processing and other assets to rise by about 25 per cent to $50.8 million from the actual level of $40.6 million in 2020. Topaz says it had net income of $8.3 million on revenue of $30.7 million in the fourth quarter of 2020, up from a net loss of $2.9 million on revenue of $26.4 million in the third quarter.聽
Centerra Gold Inc. (TSX:CG). Down $1.12, or 8.2 per cent, to $12.47. Centerra Gold Inc. says it believes tax claims by the Kyrgyz Republic State Tax Service are exaggerated or without merit. The gold miner says its Kyrgyz Republic subsidiary, Kumtor Gold Co., has received more than US$100 million in tax claims from the state tax service. The claims include US$106 million related to withholding taxes on dividends paid to Centerra in 2016 and 2017 and a claim for US$17 million related to payroll deductions not withheld in 2016 and 2017. Centerra says the claims were initially raised by the state tax service in 2018, but were withdrawn or terminated. The Canadian gold miner says the state tax service has now annulled its previous decision in order to revive such claims.
Waterloo Brewing Ltd. (TSX:WBR). Up 29 cents, or 4.7 per cent, to $6.50. Waterloo Brewing Ltd. is cutting the prices it charges Ontario's pubs and restaurants for its most popular brands in an effort to help them recover from the pandemic. Waterloo CEO George Croft says that starting Monday, the brewery will sell a selection of its most popular beers at essentially cost to Ontario pubs and restaurants, for the foreseeable future. Croft says the hospitality sector has been among the hardest hit during the pandemic and that the coming months will be difficult. Waterloo says the price of its Waterloo Dark, IPA, Craft Lager, Grapefruit Radler and Landshark 473-ml tall cans will be reduced by $10 per case of 24. The price for a 20-litre keg will be cut by $25 per keg and the cost of a 58.6-litre keg will be reduced by $50 on select brands.
Hexo Corp. (TSX:HEXO). Down 61 cents, or 6.3 per cent, to $9.05. Hexo Corp. reported a loss of $20.8 million in its latest quarter as its revenue nearly doubled compared with a year earlier. The cannabis company says its loss amounted to 17 cents per diluted share for the quarter ended Jan. 31. The result compared with a loss of $298.2 million or $4.52 per diluted share a year earlier when the company took large one-time charges related to its goodwill and intangible assets. Net revenue in what was Hexo's second quarter totalled nearly $32.9 million, up from $17 million in the same quarter a year earlier. Last month, Hexo announced a deal to buy competitor Zenabis Global Inc. in a $235-million deal that will give the cannabis company a European foothold and strengthen its domestic business.
This report by The Canadian Press was first published March 18, 2021.
The Canadian Press
