Canada Stocks Close Higher; Gulf Storm Drives Energy Shares; Eastern Platinum Limited Most Active

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Canadian stocks closed higher on Friday, as investors brushed off the US fiscal brinkmanship. Most sectors were higher with Metals and Mining, along with Healthcare and Energy leading the broader market.

Tropical Storm Karen moved through the Gulf of Mexico, driving the price of oil higher on supply concerns. Shares of energy companies climbed giving a boost to the TSX.

Eastern Platinum Limited (ELR.TO)was the most active share by approximately triple the nearest most active stock. The company reported financial results for the three months ended June 30, 2013.

ELR recorded a loss attributable to equity shareholders of the company of $139,710,000 or $0.15 loss per share in the quarter ended June 30, 2013 compared to a loss of $86,421,000 $0.09 loss per share in the quarter ended June 30, 2012. The stock closed up 8.3% with 31.50 million shares changing hands.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities


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