Algoma Central Corp. (TSX: T.ALC, Stock Forum) briefly hit $16.00 on Tuesday before closing at $14.55, for an increase of 1.55%.
Algoma Central owns and operates a fleet of vessels that carry cargoes of raw materials such as coal, grain, ore, salt, and sand through Algoma Central Marine.
The company owns and operates 19 self-unloading and nine other dry bulk carriers for service within Canada, seven product tankers for service within Canada, and one product tanker for service internationally.
It also has joint ownership of five self-unloading carriers for ocean service, and wholly-owns two other such vessels.
In the latest news on the company, Algoma Central announced a cash dividend and stock split by dividend on Oct. 31.
The second company to make the 52-week-high list was Norbord Inc. (TSX: T.NBD, Stock Forum). The stock hit a new peak of $28.89 before closing at $28.73, up 4%.
Norbord is an international producer of wood-based panels with assets of $1.0 billion.
The company has 11 Oriented Strand Board mills, one medium density fibreboard mill, 2 particleboard mills and one furniture plant in the United States, Europe and Canada.
On Oct. 25, the company reported EBITDA of $66 million, more than double the second quarter and $54 million better than the third-quarter 2011.