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Garibaldi Resources (V.GGI) up 13.2%: 52-week high and low report

Stockhouse Editorial
0 Comments| January 31, 2014

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A report on TSX and Venture companies that have hit their 52-week high and low during trading on Friday, January 31.

The top company on the TSX to hit a 52-week high was Canadian Natural Resources Ltd. (TSX: T.CNQ, Stock Forum), which hit a new high of $36.96 after gaining 2.6% and has risen 4.0% since January 1.

The stock has been quite volatile throughout the year.

On January 9, the oil and gas company decided to keep the Montney shale gas assets that it put on the market early last year.

On the low side of the TSX, Atlantic Power Corp. (TSX: T.ATP, Stock Forum) lost 17.1% to $2.90 a share and has fallen 21.3% since January 1.

The stock has fallen from a 52-week high of $12.84 in February.

On January 30, the power generation company announced that, as part of the company's ongoing plans to address its upcoming debt maturities and improve its financial flexibility, Atlantic Power Limited Partnership (APLP), an indirect subsidiary of the company, launched the syndication of new senior secured credit facilities, comprising up to $600 million in aggregate principal amount of senior secured term loan facilities and up to $200 million in aggregate principal amount of senior secured revolving credit facilities.

On the Venture, the top 52-week high gainer was Garibaldi Resources Corp. (TSX: V.GGI, Stock Forum), which rose 13.2% to $0.215 a share and has soared 52.1% since January 1.

The stock is up from a 52-week low of $0.04 in May.

Today, the mineral explorer announced that it has expanded the size of its Grizzly property in the Sheslay Valley of northwestern British Columbia by nearly 50% to 262 square kilometres through staking and the acquisition of the Hat East and Hat East 2 claims.

On the low side, Burnstone Ventures Inc. (TSX: V.BVE, Stock Forum) slipped to a new 52-week low of $0.02 after losing 20%.

The stock is down from a 52-week high of $0.09 in March.

The exploration-stage company had no news.



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