Canada Hot Stocks To Watch: MDS, Gabriel, Sabretooth, Centerra, Connacher
1 hour ago - Dow Jones Newswires
TORONTO (Dow Jones)--Listed below are the stocks expected to move during Wednesday's trading session. They are listed with Tuesday's closing prices.
TD cut its rating on
MDS Inc. (MDZ, C$5.10, -C$0.15, -2.9%) to hold from buy, citing the NRU reactor "debacle" and poor operating trends in the company's life science/pharma services businesses. TD also said it doesn't rule out more disappointing news in the months ahead. Canada's NRU reactor is MDS' main supplier of medical isotopes.
Gabriel Resources Ltd. (GBU.T, C$2.55, C$0.02, 0.8%) plans to raise about C$100 million in a public offering of shares.
Sabretooth Energy Ltd. (SAB.T, C$1.33, -C$0.15, -10%) plans an offering f 46.6 million subscription receipts at 86 Canadian cents each, to raise C$40.1 million.
Centerra Gold Inc. (CG.T, C$6.85, C$0.14, 2.1%) said unionized employees at its Boroo Mine in Mongolia have started a work stoppage as a result of wage demands. Mining and milling has been temporarily suspended. Centerra, which believes the stoppage is illegal, is in talks with the workers to resolve the issues.
Connacher Oil & Gas Ltd. (CLL.T, C$1.04, -C$0.06, -5.5%) priced an offering of 166.8 million shares at 90 Canadian cents each. The underwriters have also been granted an over-allotment option for up to another 25 million shares, which could bring gross proceeds to about C$173 million.
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