Toronto stocks are practically flat; Ballard rises on fuel cell supply deal
By Adriano Marchese
Toronto stocks were relatively flat Tuesday at noon in the first trading session after the Thanksgiving long weekend in Canada. Shares of clean-energy fuel cell solutions provider Ballard Power Systems rose after the company announced it would supply hydrogen fuel cell modules to a Spanish company for commuter and passenger train testing regional.
Canada’s S & P / TSX Composite Index fell 0.03% to 20,409.97 while the blue-chip S & P / TSX 60 index slipped 0.12% to 1,225.33.
Shares of Ballard Power Systems Inc. rose 6.8% to C $ 65.92 after an agreement was announced to supply eight of its hydrogen fuel cell modules to Talgo SA, which would be used in tests of commuter and regional passenger trains.
Other market drivers:
Shares of Argonaut Gold Inc. rose 2.9% to C $ 2.81 on announcement that it significantly increased its mining tenure and potential exploration area in Mexico after acquiring claims mining operations from a subsidiary of Fresnillo PLC for $ 5.8 million.
The shares of Taseko Mines Ltd. rose 4.9% to C $ 2.55 after the company said its 75% -owned mine in British Columbia saw a significant increase in third-quarter copper and molybdenum production, which , associated with higher copper prices, is expected. to improve its financial performance.
Write to Adriano Marchese at [email protected]