By John Kipphoff
Dec. 15 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading. Stock symbols are in parentheses, and share prices are from the Dec. 12 close.
The Standard & Poor’s/TSX Composite Index rose 1.5 percent to 8,515.45.
Denison Mines Corp. (DML CN): The owner of uranium mines in Canada and the U.S. reduced the size of a stock offering to 7.28 million shares from 10.9 million. The shares fell 1.1 percent to 89 cents.
Labrador Iron Ore Royalty Income Fund (LIF-U CN): Iron Ore Co., the Rio Tinto Group business that Labrador owns a 15 percent stake of, will idle some production capacity next year and put an $800 million expansion on hold because of falling demand for the steelmaking ingredient. Labrador added 1 percent to C$19.75.
Lululemon Athletica Inc. (LLL CN): The yoga-wear retailer that cut its profit forecast last week was cut to “perform” from “outperform” at Oppenheimer & Co. The shares rose 5.3 percent to C$9.27.
Ritchie Bros. Auctioneers Inc. (RBA CN): The auctioneer of industrial equipment will be added to the S&P/TSX on Dec. 22, S&P said in a statement on its Web site.
Tanganyika Oil Co. (TYK CN): China Petrochemical Corp. received state approval for a takeover of the Vancouver-based company that pumps oil and gas in Syria and Egypt, Caijing reported. The shares added 2.6 percent to C$27.69.
Verenex Energy Inc. (VNX CN): China National Petroleum Corp. is bidding for Calgary-based Verenex, which owns oil and gas deposits in Libya, in a transaction valued at as much as $300 million, the South China Morning Post reported, citing people it didn’t identify. The shares gained 3.6 percent to C$6.32.
To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.
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