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Touchstone, Quebecor, Nevsun hit 52-week highs on news
Touchstone Exploration Inc. (T.TXP) reached a 52-week high of 37 cents Thursday. Touchstone announced an operational and drilling update. The company achieved average second quarter 2018 crude oil production of 1,717 barrels per day (“bbls/d”), representing increases of 11% and 29% from the first quarter of 2018 and the second quarter of 2017, respectively. It also delivered July estimated crude oil production of 1,757 bbls/d; drilled, cased and commenced completion operations on the sixth and seventh wells of its 10 well 2018 drilling campaign; commenced pre-drilling operations on the eighth well of the 2018 program on our WD-8 block; Identified six independent exploratory drilling prospects on its Ortoire block.
Quebecor Inc. (T.QBR.B) reached a 52-week high of $28.70 Thursday. Quebecor today reported its consolidated financial results for the second quarter of 2018. Revenues were $1.04 billion, up $4.9 million (0.5%) from the second quarter of 2017. Net income attributable to shareholders: $41.3 million ($0.18 per basic share) in the second quarter of 2018, compared with $137.8 million ($0.57 per basic share) in the same period of 2017
Nevsun Resources Ltd. (T.NSU) reached a 52-week high of $5.08 Thursday. Nevsun announced that its Board of Directors, after careful consideration and receipt of the recommendation of a special committee of its independent directors, and after consultation with its financial and legal advisors, has rejected the hostile offer by Lundin Mining Corporation, to acquire all of the outstanding shares of Nevsun for $4.75 per share in cash. The Board unanimously recommends that Nevsun shareholders REJECT the Hostile Bid and not tender their shares.
TMX Group Limited (T.X) reached a 52-week high of $89.85 Thursday. No news announcements today.
Titanium Transportation Group Inc. (V.TTR) reached a 52-week high of $2.00 Thursday. No news announcements today.
TFI International Inc. (T.TFII) reached a 52-week high of $46.89 Thursday. No news announcements today.
Toronto-Dominion Bank (T.TD) reached a 52-week high of $77.69 Thursday. No news announcements today.
Parkland Fuel Corporation (T.PKI) reached a 52-week high of $40.79 Thursday. No news announcements today.
North American Construction Group Ltd. (T.NOA) reached a 52-week high of $9.79 Thursday. No news announcements today.
Kinaxis Inc. (T.KXS) reached a 52-week high of $98.40 Thursday. No news announcements today.
