TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,251.09, down 37.07 points.)
Cenovus Energy Inc. (TSX:CVE). Energy. Up 28 cents, or 6.83 per cent, to $4.38 on 15.5 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up five cents, or 14.93 per cent, to 38.5 cents on 11.7 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up 17 cents, or 2.38 per cent, to $7.30 on 10.1 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.19 per cent, to 42.5 cents on 9.7 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up 12 cents, or 1.26 per cent, to $9.64 on 8.7 million shares.
MEG Energy Corp. (TSX:MEG). Energy. Up 25 cents, or 9.51 per cent, to $2.88 on 8.6 million shares.
Companies in the news:
Return Energy Inc. (TSX:RTN) — Calgary-based Bellatrix Exploration Ltd. says it has struck a deal to exit Companies’ Creditors Arrangement Act court protection after six months through a sale of its assets to Return Energy Inc. Return would pay $87.4 million in cash under the agreement and assume liabilities it estimated to be worth about $14.8 million. Upon closing the deal, it says it would be renamed Spartan Delta Corp. and undergo a one-for-100 share consolidation.
Canfor Corp. (TSX:CFP). Up 45 cents or six per cent to $7.91. Forestry firm Canfor Corp. is warning that the impact of the COVID-19 pandemic will "weigh heavily" on its financial performance this year as it reports a net loss of $70 million in the first quarter. The loss on sales of $1.17 billion in the first three months of 2020 compared with a loss of $86.6 million on sales of $1.15 billion in the same period in 2019. The Vancouver-based company reported a first-quarter operating loss of $89 million, including a $63-million inventory writedown on its lumber business (offset by a $10.7 million recovery in pulp and paper), compared with a loss of $64.3 million a year earlier.
This report by The Canadian Press was first published April 23, 2020.
The Canadian Press
