Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,834.89, up 46.29 points.)
Athabasca Oil Corp. (TSX:ATH). Energy. Up five cents, or 2.5 per cent, to $2.04 on 32.7 million shares.
Denison Mines Corp. (TSX:DML). Energy. Up 21 cents, or 10.4 per cent, to $2.23 on 8.7 million shares.
Fission Uranium Corp. (TSX:FCU). Energy. Up 11 cents, or 11.8 per cent, to $1.04 on 7.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 22 cents, or 0.4 per cent, to $58.13 on 5.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 50 cents, or 2.4 per cent, to $21.12 on 5.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 52 cents, or 1.3 per cent, to $41.12 on 5.3 million shares.
Companies in the news:
BlackBerry Ltd. (TSX:BB). Down 16 cents or 1.8 per cent to $8.52. BlackBerry Ltd. says it has reached a deal to settle a drawn-out class-action lawsuit alleging the company defrauded shareholders by making misleading claims about its BlackBerry 10 smartphones. Under the agreement in principle, the Waterloo, Ont., software company says it would pay $165 million to settle the claims outlined in the eight-year-old lawsuit. BlackBerry says it believes the allegations in the case are without merit but says the settlement would eliminate the distraction, expense and risk of continued litigation. The class-action lawsuit, Pearlstein v. BlackBerry Ltd. et al., was filed in a U.S. court in 2013. It alleged that the company made a series of materially false and misleading statements and omissions concerning its now discontinued BlackBerry 10 smartphones that inflated the price of BlackBerry's stock. The company, which now focuses on security software and services to enterprises and governments, says the settlement was reached following a voluntary mediation process.
Corus Entertainment Inc. (TSX:CJR.B). Down three cents to $4.74. Canadian media company Corus Entertainment Inc. has landed its largest U.S. distribution deal ever with subscription streaming service Hulu. The company says its content division, Corus Studios, has signed a deal to sell more than 400 episodes of lifestyle, renovation, unscripted and crime programming to Hulu. The multi-year agreement comes a year after Corus announced the sale of 200 episodes to the U.S. streaming service owned by Disney and NBCUniversal. The Toronto-based company says the expanded partnership includes the U.S. pre-sale of "Pamela's Garden of Eden," an eight-part series following Canadian actor Pamela Anderson as she renovates her family home on the coast of Vancouver Island. Lisa Godfrey, senior vice-president of original content and Corus Studios, says the deal illustrates the company's compelling slate of content across key genres "gaining significant traction in the highly competitive U.S. market." Corus did not release the financial details of the deal.
Roots Corp. (TSX:ROOT). Up 31 cents or nine per cent to $3.74. Roots Corp. beat expectations as it capped a strong 2021 with net profits increasing 47 per cent in the fourth quarter. The Toronto-based clothing retailer says it earned $18.1 million or 42 cents per diluted share in the quarter, up from $12.3 million or 29 cents per share a year earlier. Adjusted profits were $20.3 million or 48 cents per share, compared with $16.3 million or 39 cents per share in the fourth quarter of 2020. Revenues for the three months ended Jan. 29 were $121.3 million, up 22 per cent from $99.4 million in the year-ago period despite its decision to reduce promotions and inventory delays caused by supply chain disruptions. Analysts on average expected Roots would report 35 cents per share in adjusted earnings on $116 million of revenues, according to financial data firm Refinitiv. For the full-year, Roots earned $22.8 million on $273.8 million of revenues, up from $13.1 million on $240.5 million in 2020.
Richelieu Hardware Ltd. (TSX:RCH). Down $1.09 or 2.6 per cent to $41.55. Richelieu Hardware Ltd. posted a higher profit in its latest quarter amid a sharp rise in sales as the company added three new acquisitions to its network. The maker of specialty hardware and other products says net earnings attributable to shareholders was $30.1 million or 53 cents per diluted share for the quarter ended Feb. 28. The result compared with a profit of $21 million or 37 cents per diluted share in the same quarter a year earlier. Sales in the Montreal-based company's first quarter reached $384.5 million, up from $298 million a year ago. Richelieu president and CEO Richard Lord says the company completed the acquisitions of Compi Distributors of Missouri and Illinois, HGH Hardware Supply of Alabama, Tennessee and Georgia, and National Builders Hardware of Oregon at the end of 2021. He says the three acquisitions added approximately $100 million in annual sales and help strengthen the company's position in the U.S.
This report by The Canadian Press was first published April 7, 2022.
Provided Content: Content provided by Canadian Press. The Globe and Mail was not involved, and material was not reviewed prior to publication.