Toronto Stocks Flat; Denison Mines Rises on C$15 Million Investment in F3 Uranium
By Adriano Marchese
Toronto stocks were little changed at midday on Friday after they bounced back from losses earlier in the session.
Canada's S&P/TSX Composite Index was down 0.01% to 19136.06 and the blue-chip S&P/TSX 60 declined 0.04% to 1148.57. Both indexes are on pace to end the week lower, with the composite index lower by 1.9% and the S&P/TSX off by 1.6%.
The technology, materials and tech services sectors had the biggest gains. However, most sectors were in the red, led by health services, utilities and health tech.
Denison Mines shares advanced after the company said it had invested 15 million Canadian dollars ($10.9 million) in F3 Uranium by way of unsecured convertible debentures.
Other market movers:
Alvopetro Energy's shares were lower after the company said that its offtaker reduced its volume in September due to a temporary reduction in end-user consumption, which weighed on production.
Shares of Principal Technologies jumped 25% to C$0.15 after the company said that it plans to raise C$900,000 through a private placement of 6 million shares, with the proceeds to go toward acquiring a major asset.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 06, 2023 12:38 ET (16:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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