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CAP REIT, Carbon, Continental at 52-Week Highs on News
CAP REIT (T.CAR.UN) hit a new 52-week high of $60.84 Thursday. CAP REIT announced today that it has purchased a brand-new 16-storey apartment building containing 112 suites well-located in the Greater Montreal Area municipality of Brossard Quebec. CAPREIT paid $43.5 million for the property financed in cash from its Acquisition and Operating credit facility. Occupancy at closing was 96.4%.
Canada Carbon Inc. (V.CCB) hit a new 52-week high of 28 cents Thursday. Canada Carbon has received an initial order from Analytical Reference Materials International, a subsidiary of LGC Standards Company, a global leader in the life sciences sector. This initial order of 50,000 grams of the Miller thermally purified graphite is to be used in the development of a Certified Reference Material (“CRM”) for the analysis of ultra-high purity graphite samples. The CRM will be developed and marketed by LGC, with a retail selling price comparable to the lower purity BAM S009 (NBG 18) reference material. The order is renewable for 100,000 gram lots, on the same terms. Additional CRM materials based on Miller graphite are under development by the two companies.
Continental Gold Inc. (T.CNL) hit a new 52-week high of $5.50 Thursday. Continental Gold announced the completion of the previously announced plan of arrangement involving the Company, Zijin Mining Group Co., Ltd., and 2727957 Ontario Inc., an indirect subsidiary of Zijin, following receipt of all required approvals and satisfaction of all required closing conditions.
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