TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,717.12, down 286.92 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down $2.88, or 6.3 per cent, to $42.73 on 15.5 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down 75 cents, or 11.91 per cent, to $5.55 on 15.0 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down 32 cents, or 12.50 per cent, to $2.24 on 14.2 million shares.
Argonaut Gold Inc. (TSX:AR). Materials. Down 22 cents, or 27.8 per cent, to 57 cents on 13.0 million shares.
Canadian Imperial Bank of Commerce. (TSX:CM). Financials. Down $1.95, or 3.03 per cent, to $62.33 on 11.4 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down $1.09, or 11.09 per cent, to $8.74 on 10.9 million shares.
Companies in the news:
Imperial Oil Ltd. (TSX:IMO) Down $3.96 or 6.37 per cent to $58.23. Imperial Oil Ltd. has signed a deal to help advance a lithium project in Alberta’s historic Leduc oilfield. The agreement will see Imperial invest $6.35 million in E3 Lithium, a Calgary-based junior resource company that has developed a technology to extract the naturally occurring lithium (a light metal that is a key component in the batteries used in electric vehicles) from oilfield brines. Imperial has also agreed to provide technical and development support for E3’s Clearwater project, which includes drilling lithium evaluation wells and developing a field pilot project before moving onto the commercialization stage. The Leduc oilfield,where E3’s Clearwater project is based, was the site of Leduc No. 1, the historic gusher struck by Imperial in 1947 that launched Alberta’s oil and gas industry and changed the course of the province’s economy. It has also long been known as the site of one of Canada’s largest lithium resources.
This report by The Canadian Press was first published June 23, 2022.
The Canadian Press