Most actively traded companies on Canadian stock markets

THE CANADIAN PRESS

The Canadian Press

May 07, 2008

- Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:

Toronto Stock Exchange (down 42.77 points at 14,371.53):

Pacific Rubiales Energy Corp. (TSX:PEG). Oil and gas. Unchanged at $1.82 on 15,663,149 shares. The Toronto-based firm had the highest volume for the fifth consecutive trading day in a row as executives drum up excitement on its heavy oil fields in Colombia.

CGI Group Inc. (TSX:GIB.A). Technology service provider. Down 47 cents, or 4.08 per cent, at $11.05 on 14,305,702 shares on news two founders of CGI Group are selling 11 million shares but will keep their voting rights.

Manulife Financial Corp. (TSX:MFC). Insurer. Down 38 cents, or 0.97 per cent, at $38.87 on 8,547,467 shares. The country's largest insurance company is scheduled to report results Thursday.

Talisman Energy (TSX:TLM). Oil and gas. Up 31 cents, or 1.41 per cent, at $22.30 on 8,065,480 shares. The energy sector on the TSX gained 0.18 per cent as futures contract on the Nymex closed at a record high, up $1.69 at $123.53.

Questerre Energy Corp. (TSX:QEC). Oil and gas. Up 22 cents, or 7.59 per cent, at $3.12 on 7,398,523 shares.

Uranium One Inc. (TSX:UUU). Mining. Down 11 cents, or 2.41 per cent, at $4.46 on 7,310,171 shares.

HudBay Minerals Inc. (TSX:HBM). Mining. Down $1.13, or 5.61 per cent, at $19 on 7,014,093 shares on news it may close an old copper smelter in Manitoba earlier than expected to make it an attractive takeover target. The Winnipeg-based firm also reported a sharp drop on its first-quarter profit late Tuesday.

DragonWave Inc. (TSX:DWI). Technology. A builder of wireless networks using so-called WiMax technology. Up $2.35 to $6, a gain of 64.4 per cent, in trading of more than 1.34 million shares. The company benefited from an announcement by U.S. companies Clearwire and Sprint Nextel that they will combine their wireless broadband units to create a US$14.55-billion communications company that will use a mobile network based on WiMax.

TSX Venture Exchange (up 5.44 points at 2,504.58):

Canadian Imperial Venture Corp. (TSXV:CQV). Oil and gas. Up 1.5 cents, or 8.57 per cent, at 19 cents on 12,076,872 shares.

Yukon Zinc Corp. (TSX:YZC). Mining. Up half a cent, or 2.44 per cent, at 21 cents on 10,990,725 shares.

Companies reporting major news:

BCE Inc. (TSX:BCE). Communications and media. Up 20 cents, or 0.55 per cent, at $36.76 on 4,376,063 shares as it announced that its privatization is on track and reported a "steady" performance in the first quarter. Canada's largest telecommunications company said its profit improved to $457 million from $420 million.

Penn West Energy Trust (TSX:PWT.UN). Oil and gas. Down 29 cents, or 0.91 per cent, at $31.51 on 1,453,014 shares after reporting first-quarter profit slip to $78 million from $96 million, though gross revenue jumped to more than $1.1 billion from $582 million, mainly from the impact of high prices for oil and natural gas and the acquisitions in January of Canetic Resources Trust and Vault Energy Trust.

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