By The Canadian Press
TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,507.60 up 33.95 points):
Surge Energy Inc. (TSX:SGY.TO - News). Oil and gas. Up 34 cents, or 8.17 per cent, at $4.50 on 15.78 million shares. The energy sector was up 0.21 per cent as the price of crude oil rose 86 cents US to $95.16 per barrel on the New York Mercantile Exchange.
Orbite Aluminae Inc. (TSX:ORT.TO - News). Mining technology. Down 16 cents, or 20.51 per cent, at 62 cents on 5.76 million shares. The Calgary-based company posted a first-quarter net loss of $500,000, or 0.3 per share, shrinking its loss of $3.8 million or two cents per share in the same period a year ago.
Toronto Venture Exchange (932.86 down 4.01 points):
Companies reporting major news:
CAE (TSX:CAE.TO - News). Flight simulators. Up 66 cents, or 6.23 per cent, at $11.26 on 2.16 million shares. The stock closed at a high not seen since mid-2011 after CAE reported adjusted income was $190.7 million or 74 cents per share, four cents above analyst forecasts and said its order backlog reached a record $4.1 billion.
Telus (TSX:T). Telecommunications. Up 39 cents, or 1.06 per cent, at $37.34 on 1.13 million shares. Telus has offered to buy wireless firm Mobilicity for $380 million and said it was seeking an "expedited review" of the deal by regulators since the small carrier can't make it financially on its own.