Shares of the following companies may have unusual moves in Canadian trading Feb. 7.
Crew Energy Inc. (CR CN): The oil and gas explorer producing fuel in Alberta and Saskatchewan is offering 4.82 million shares at C$20.75. The stock fell 0.7 percent to C$21.19 on Feb. 4.
Energy Fuels Inc. (EFR CN): The developer of uranium and vanadium mines said a Colorado state court has denied an environmental group’s legal challenge to the environmental permit for Energy Fuels’ Pinon Ridge Mill.
Manulife Financial Corp. (MFC CN): Canada’s largest insurer got a “neutral” rating in new coverage at Macquarie Capital Markets.
McGraw-Hill Ryerson Ltd. (MHR CN): The educational publisher said it earned C$1.60 a share in the fourth quarter, down 13 percent from the fourth quarter of 2009.
Royal Bank of Canada (RY CN): The country’s biggest lender said it doesn’t plan to redeem so-called innovative Tier 1 capital securities early as it makes the transition to new capital rules outlined by regulators. Toronto-Dominion Bank (TD CN), the second-largest, said it plans to exercise early redemption rights in 2022 on some TD Capital Trust notes.
Canadian Imperial Bank of Commerce (CM CN) said it expects to exercise early redemption rights in 2022 on Series B innovative Tier 1 capital notes issued by CIBC Capital Trust. The shares were raised to “overweight” from “equal weight” at Barclays Capital.
National Bank of Canada (NA CN) and Bank of Montreal (BMO CN): The banks were raised to “buy” from “‘hold” at Canaccord GenuityCorp.
Victoria Gold Corp. (VIT CN): The company, which explores for gold in Nevada, said Chief Executive Officer Chad Williams has resigned and been replaced by John McConnell, formerly executive vice president.
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