TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,851.31, up 6.75 points.)
Canadian Natural Resources (TSX:CNQ). Energy. Down four cents, or 0.1 per cent, to $40.20 on 24.3 million shares.
ClearStream Energy Services Inc. (TSX:CSM). Energy. Up 2.5 cents, or 26.32 per cent, to 12 cents on 18.4 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Down $1.06, or 1.84 per cent, to $56.48 on 15.4 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 49 cents, or 1.7 per cent, to $29.32 on 12.7 million shares.
Xebec Adsorption Inc. (TSX:XBC). Industrials. Down $2.48, or 31.23 per cent, to $5.46 on 9.5 million shares.
Organigram Holdings Inc. (TSX:OGI). Health care. Up 44 cents, or 8.68 per cent, to $5.51 on 9.3 million shares.
Companies in the news:
Big Rock Brewery Inc. (TSX:BR). Up one cent to $5.70. Two of Canada’s biggest independent craft breweries are reporting buoyant results during 2020 despite lost on-premises sales as bars and restaurants were restricted or closed due to COVID-19 pandemic measures. Calgary-based Big Rock Brewery Inc. said Friday it had its strongest adjusted earnings results in seven years in 2020, despite higher inventory losses and a huge drop in keg volume sales. Meanwhile, Waterloo Brewing Ltd. CEO George Croft says the Ontario company actually realized double-digit percentage increases in sales in 2020 because only about two per cent of its volumes are sold in bars and restaurants — most is marketed in retail stores. Big Rock reported Friday it had earnings before interest, taxes, depreciation and amortization of $5.1 million in 2020, compared with an EBITDA loss of $1.1 million in 2019.
Dorel Industries Inc. (TSX:DII.B). Down $1.01 or 7.5 per cent to $12.49. The COVID-19 pandemic is spurring consumers to buy more bikes and Montreal-based Dorel Industries Inc. says it has struggled to keep up with demand. CEO Martin Schwartz said that e-bikes are becoming the brand’s No. 1 selling product, mainly in Europe. Dorel, which owns bike brands such as Schwinn, Mongoose and Cannondale, said there has also been a shortage of shipping containers to get goods across the Pacific Ocean. The company, which keeps its books in U.S. dollars, reported a net loss of US$22.9 million or 70 cents per diluted share for the quarter ended Dec. 31, compared with a loss of $639,000 or two cents per diluted share a year earlier. Revenue for the quarter totalled $704.4 million, up from $653.4 million.
This report by The Canadian Press was first published March 12, 2021.
The Canadian Press