Capstone, Kingsway Financial, TD Bank: Canada Equity Preview
By Matt Walcoff and Stephen Kleege
April 19 (Bloomberg) -- Shares of the following companies may have unusual moves in Canadian trading. Stock symbols are in parentheses, and prices are from April 16.
The Standard & Poor’s/TSX Composite Index fell the most in two months, losing 140.86 points, or 1.2 percent, to 12,070.66.
BlackPearl Resources Inc. (PXX CT): The oil and gas explorer said it plans to sell 9 million shares for C$2.90 each. The stock fell 3.8 percent to C$3.02 on April 16.
Capstone Mining Corp. (CS CT) The copper, silver and zinc mining company with properties in Mexico was cut to “hold” from “buy” by Toronto-Dominion Bank.
Kingsway Financial Services Inc. (KFS CT): The auto insurer with operations in the U.S. said Chief Executive Officer Colin Simpson will resign June 30. Larry Swets, now the company’s executive vice president of corporate development, will succeed Simpson, according to a press release on PR Newswire.
