Toronto Stock Exchange (12,195.02 down 30.81 points):
First Nickel Inc. (TSX:FNI). Mining exploration and development. Up 2.5 cents, or 45.45 per cent, at eight cents on 12,669,050 shares. The metals and mining sector had the biggest gain, up 1.32 per cent to 12.14 points.
Progress Energy Resources Corp. (TSX:PRQ). Oil and gas. Down 33 cents, 1.74 per cent, at $18.65 on 8,547,611 shares. The Calgary-based company's stock continue to slide since the federal government blocked a proposed $6-billion takeover by Malaysian state-owned oil company Petronas last week.
Telus Corp. (TSX:T.A) Telecommunications. Up 39 cents, or 0.64 per cent, at $61.80 on 6,216,673 shares. The telecommunications subgroup advanced 0.92 per cent to 108.96 points.
Rogers Communications Inc. (TSX:RCI.B). Up $1.35, or 3.29 per cent, at $42.43 on 4,788,132 shares. The telecom company said it could take a look at 'selective' assets of Astral Media Inc. (TSX:ACM.A) if it puts up the 'For Sale' sign again. Also on Wednesday, Rogers posted third-quarter profit of $466 million or 90 cents per share compared with year-earlier $497 million or 92 cents per share. Revenue was up about one per cent to $3.17 billion.
B2Gold Corp. (TSX:BTO). Gold and silver exploration. Up three cents, or 0.78 per cent, at $3.87 on 3,526,776 shares.
Bankers Petroleum Ltd. (TSX:BNK). Oil and gas. Down 16 cents, or 5.30 per cent, at $2.86 on 3,136,708 shares. The energy sector fell 0.50 per cent to 256.17 points, as price of the December crude contract dipped 94 cents US to US$85.73 per barrel on the New York Mercantile Exchange.
TSX Venture Exchange (1,288.75 down 0.76 point):
Zodiac Exploration Inc. (TSXV:ZEX). Oil exploration. Up a penny, or 11.76 per cent, at 9.5 cents on 5,199,740 shares. The Calgary-based company signed an agreement Wednesday with a California operator who committed to drilling four wells in exchange for a 50 per cent interest in Sodiac lands in Kings Country, Calif.
Ditem Explorations Inc. (TSXV:DIT). Uranium explorer and developer. Up a penny, or 66.67 per cent, at 2.5 cents on 3,743,500 shares.
Companies reporting major news:
Canadian Pacific Railway Ltd. (TSX:CP). Railway. Up $5.29, or 6.02 per cent, at $93.18 on 2,323,155 shares. The Calgary company posted third-quarter net income of $224 million or $1.30 per share, up from $187 million or $1.10 per share. Revenue rose to $1.45 billion from $1.34 billion.
Encana Corp. (TSX:ECA). Oil and gas. Down 70 cents, or 3.10 per cent, at $21.86 on 1,836,916 shares. The Calgary-based company booked a $1.24-billion third-quarter net loss, reversing year-ago's profit of $459 million. Encana attributed the weak performance on low natural gas prices, but says it's on track to meet its targets for the year and announce joint venture deals soon.
Teck Resources Ltd. (TSX:TCK.B). Copper and other metals miner. Up 85 cents, or 2.78 per cent, at $31.39 on 3,541,809 shares. The Vancouver-based company earned $180 million or 31 cents per diluted share in its third quarter. That's down from $814 million or $1.37 in the same 2011 period. Revenue totalled $2.5 billion compared with $3.38 billion.