Crystallex, Royal Bank, Superior Plus: Canada Equity Preview...
posted on
Feb 29, 2008 03:18AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
By John Kipphoff
Feb. 29 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canada. Stock symbols are in parentheses after company names, and prices are from yesterday's close in Toronto.
The Standard & Poor's/TSX Composite Index gained 95.51, or 0.7 percent, to 13,873.89.
Crystallex International Corp. (KRY CN): The gold miner received an environmental permit for its Las Cristinas mine in Venezuela, Correo del Caroni reported. Neither Crystallex nor Venezuela's Ministry of the Environment have announced that the permit was issued, the Ciudad Bolivar, Venezuela-based newspaper said yesterday. Calls to Toronto-based Crystallex after business hours weren't returned. The shares gained 18 percent to C$2.12.
Nexen Inc. (NXY CN): The Ontario Teachers' Pension Plan pared its stake by about 41 percent, the second time in the past year that the fund manager sold shares of the oil and gas producer. The pension plan still owns about 5 percent of Nexen's shares. Nexen gained 5.3 percent to C$31.
Onex Corp. (OCX CN): Canada's biggest buyout firm reported a fourth-quarter loss of 8 cents a share. Two analysts on average expected a 21-cent loss, according to Bloomberg data. Onex added 1.5 percent to C$34.
Royal Bank of Canada (RY CN): The country's biggest bank said that profit fell for the first time in more than three years on debt writedowns and higher loan losses. Royal Bank had fiscal first-quarter profit excluding some items of 97 cents a share, falling short of the C$1.06 average estimate of analysts surveyed by Bloomberg. The shares fell 0.7 percent at C$50.12.
Superior Plus Income Fund (SPF-U CN): The propane distributor raised its payout to shareholders by 4 percent to 13.5 cents per unit. Distributable cash flow increased 11 percent from a year earlier during the fourth quarter, Superior Plus said in a statement distributed by Canada NewsWire. The shares rose 1.8 percent to C$12.09.
To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@... .
Last Updated: February 29, 2008 08:05 EST