Business
Flat open for TSX
Flat open for TSX
About this update from Summit Royalties Ltd
[{"type":"text","content":"\nFlat open for TSX\n\nU.S. inflation numbers roll in\n Mar. 18, 2010 (Baystreet.ca) -- Canadian stocks opened mixed Thursday on easing commodities prices and worries resurfaced over Greece debt situation.\n\nThe S&P/TSX composite index nosed ahead 1.40 points to begin the day at 12,102.06. \n\nMoreover, the main index ended at its best level in 17 months, which could prompt profit taking at higher levels.\n\nEarlier, markets in Europe and the euro were under pressure on lack of clarity about the Greece's future after reports said the country could seek aid from the International Monetary Fund if European Union failed to support. \n\nThe price of oil moved down on concerns over demand growth. Meanwhile, bullion was almost flat after gaining over 2% so far this week.\n\nIn corporate news, oil and natural gas explorer Cequence Energy reported narrower loss of $0.41 per share for the full year 2009, compared to $0.84 per share in the prior year.\n\nExploration services provider Open Range Energy reported a lower funds from operations of $0.14 per share for the fourth quarter, compared to $0.23 per share in the prior-year quarter.\n\nOil and gas industry services provider Wenzel Downhole Tools slipped into the red in 2009, reporting a net loss of $0.05 per share compared with a profit of $0.41 per share a year ago.\n\nFood products company Premium Brands Holdings reported fourth-quarter earnings of $0.19 per share, up from $0.18 reported in the prior-year quarter. However, earnings missed consensus estimates for a profit of $0.32 per share. \n\nMineral explorer Almaden Minerals said it has closed a private placement of 350,000 units at $1.00 per unit.\n\nMineral explorer European Goldfields reported fourth-quarter net loss of $0.04 per share, compared with a profit of $0.04 per share last year. \n\nGold and silver explorer Starcore International Mines posted second-quarter net income of $77,000, compared with a net loss of $22,000 in the previous-year period.\n\nSilver producer Great Panther Silver reported fourth-quarter net income of $0.01 per share, compared to a loss of $0.02 per share during the same quarter last year.\n\nWater treatment company BioteQ Environmental Technologies reported a net loss of $0.08 per share for fiscal 2009, compared to a loss of $0.09 per share a year ago.\n\nGaming software developer Chartwell Techno...