Canada's main stock market, the Toronto Stock Exchange, is building on the 23 points gained Monday, up another 30-plus points early Tuesday with Energy and Mining stocks leading the way.
Easily most active in early exchanges is TORC Oil and Gas (TOG.TO), which is up nearly 14% with more than 8 million shares traded after it announced its financial and operating results for the three month periods and years ending December 31, 2011 and 2012, and provided its 2012 year-end reserves information. TORC completed the acquisition of Vero Energy Inc. effective November 19, 2012 and all figures are pro forma Vero as of that date.
Cash flow totaled $4.2 million in the fourth quarter and $13.4 million for 2012; Cash flow per share was $0.03 per share in the fourth quarter and $0.11 per share for 2012.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
