A report on TSX and Venture companies that have hit their 52-week high and low during trading on Friday, February 7.
The first company on the TSX to hit a 52-week high was
Western Forest Products Inc. (
TSX: T.WEF,
Stock Forum), which hit a new high of $2.53 after gaining 1.2% and since February 1 has enjoyed an 8.9% lift.
The stock has lifted over 2013 from a 52-week low of $1.20 in July.
On January 31, the lumber producer and Brookfield Special Situations Management Ltd., a wholly-owned subsidiary of
Brookfield Asset Management (
TSX: T.BAM.A,
Stock Forum), announced that they had closed the previously announced
bought deal secondary offering, through which Brookfield sold 39 million non-voting shares and 6.95 million common shares of the company at an offering price of $1.98 per share for aggregate gross proceeds to Brookfield of $91.08 million.
On the low side of the TSX,
Ivanhoe Mines Ltd. (
TSX: T.IVN,
Stock Forum) lost 1.3% to $1.51 a share. Since February 1, Ivanhoe has lost 5.8%
The stock has been quite volatile and has fallen from a 52-week high of $4.76 in April.
On December 18, the exploration and development company announced that the company's ongoing
dewatering program had achieved its key initial objective of restoring access to the main underground working level of the historic, high-grade Kipushi copper-zinc-germanium-lead and precious-metals mine in the Democratic Republic of Congo (DRC).
On the Venture, the top 52-week high gainer was
Pine Cliff Energy Ltd. (
TSX: V.PNE,
Stock Forum), which soared 4.8% to $1.30 a share. Since February 1, Pine Cliff has gained 14.4%.
The stock has risen from a 52-week low of $0.71 in April.
On December 18, the oil and gas junior announced its
2014 guidance and provided an operational update on both its oil and gas and mineral divisions.
On the low side,
North Sea Energy Inc. (
TSX: V.NUK,
Stock Forum) slipped 11.1% to a new 52-week low of $0.08. Since February 1, the stock has slipped 44.5%
The stock is down from a 52-week high of $0.325 in April.
On February 4, the exploration, development and production company reported that, through its wholly owned subsidiary North Sea Energy (UK) Ltd. (NSE UK), the company has signed an
agreement with Ithaca Energy (UK) Ltd. and Dyas UK Ltd., whereby under the terms of the agreement, NSE UK agrees to withdraw from the Jacky Field (P.1392, Block 12/21c), effective Dec. 31, 2013.