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Methanex, Enerflex reach 52-week high

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| March 12, 2013

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Methanex Corp. (TSX: T.MX, Stock Forum) briefly hit $41.00 on Tuesday before closing at $40.66, for an increase of 0.67%.

On March 5, the methanol supplier announced plans to increase operating capacity at its New Zealand operations by 700,000 tonnes to 2.2 million tonnes by the end of 2013.

The second company to make the 52-week high list was Enerflex Ltd. (TSX: T.EFX, Stock Forum). The stock hit a new peak of $13.25 before closing at $13.18, up 1%.

On Feb. 28 the supplier of products and services to the global oil and gas production industry announced stronger fourth quarter results.

The company generated revenue of $421.6 million compared to $383.8 million in the fourth quarter of 2011, an increase of 9.8%.



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