Canadian Utilities Ltd.(TSX: T.CU, Stock Forum) briefly hit $76.06 on Thursday before closing at $76.30, for an increase of 2.81%.
The utilities, energy and technologies focused company announced it intends to split its Class A non-voting shares and Class B common shares on a two-for-one basis by way of a share dividend in 2013.
Canadian Utilities intends to undertake the share splits because the market prices for the shares have significantly increased in past years.
The second company to make the 52-week high list was Luna Gold Corp. (TSX: T.LGC, Stock Forum). The stock hit a new peak of $3.60 before closing at $3.52, up 4.45%.
On Feb. 19, the mineral exploration and development company entered into a new US$30 million corporate secured revolving facility with Société Générale and Mizuho Corporate Bank Ltd.
The corporate facility will serve to replace the company's existing WestLB debt facilities, as well as providing funding for general corporate purposes.