TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,329.06, down 286.13 points.) Enbridge Inc. (TSX:ENB). Energy. Down 17 cents, or 0.3 per cent, to $53.85 on 15.6 million shares.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,329.06, down 286.13 points.)
Enbridge Inc. (TSX:ENB). Energy. Down 17 cents, or 0.3 per cent, to $53.85 on 15.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 52 cents, or 2.3 per cent, to $21.91 on 14.1 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Down $1.67, or 2.1 per cent, to $78.17 on 12.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 55 cents, or 2.6 per cent, to $20.79 on 11.5 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up 22 cents, or 0.3 per cent, to $66.28 on 10 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Down $2.35, or 3.2 per cent, to $71.71 on 9.7 million shares.
Companies in the news:
Organigram Holdings Inc. (TSX:OGI). Up one cent to $1.39. Organigram Holdings Inc. reported a loss of $2.8 million in its latest quarter as its gross revenue rose 90 per cent compared with a year ago. The cannabis company says the loss amounted to 0.9 of a cent per share for the quarter ended May 31 compared with a loss of $4 million or 1.4 cents per share a year earlier. Gross revenue in what was the company’s third quarter totalled $55.2 million, up from $29.1 million in the same quarter last year. Net revenue was $38.1 million, up from $20.3 million. Organigram CEO Beena Goldenberg says the company achieved record net revenue and it expects to top it again in its fourth quarter on the strength of new product listings, increased retail sales momentum and international shipments. The company says its market share in the quarter amounted to 7.8 per cent.
Barrick Gold Corp. (TSX:ABX). Down 73 cents or 3.4 per cent to $20.67. Barrick Gold Corp. says according to its preliminary figures it produced 1.04 million ounces of gold and 120 million pounds of copper in its second quarter and remains on track to achieve its production guidance for the year. The production came as its sales totalled 1.04 million ounces of gold and 113 million pounds of copper. The mining company says gold production was higher than the first quarter due to stronger performance across its portfolio, particularly at its Carlin, Turquoise Ridge, Veladero, Bulyanhulu and North Mara operations, while copper production was also higher than the first quarter, driven by its Lumwana mine. Barrick says the average market price for gold in the second quarter was US$1,871 per ounce, while the average market price for copper was US$4.32 per pound. However, it says the closing price at the end of the quarter was US$3.83 per pound. The company says its realized copper price is expected to be 13 to 15 per cent below the average second-quarter market price, primarily due to provisional pricing adjustments that reflect the drop near the end of the quarter. Barrick is expected to report its full second-quarter results on Aug. 8.
This report by The Canadian Press was first published July 14, 2022.
The Canadian Press