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Friday, May 18, 2012

Thursday's TSX Top Stock Gainers: TSX: HWO, TSX: GBU, TSX: CMK, TSX: SMF

New York, NY - May 18, 2012 - www.InvestorIdeas.com, a leader in sector research for independent investors issues a trading alert for TSX percentage gainers for May 17, 2012. The Standard & Poor's/TSX Composite Index gained 4.60 (0.04%) to close at 11,330.68.
High Arctic Energy Services, Inc. (TSX:HWO) moved 0.38 (27.34%) to a new 52-week high of C$1.77. The company declared a monthly dividend of a penny per share, payable on June 14 to shareholders of record on May 31.
Gabriel Resources Ltd. (TSX:GBU) added 0.36 (26.47%) to close at C$1.72 after the company said it received a legal and valid confirmation for the Rosia Montana project in Romania. The company further added that the decision will not impact the technical analysis committee’s review of the environmental impact assessment for the project.
Cline Mining Corp. (TSX:CMK) gained $0.110 (18.97%) to close at C$0.69 on over 4.99 million shares, compared to its average volume of 4.20 million shares. The company reported net loss of $20,767, compared to a year ago loss of $1,039,094. As at November 30, 2011 the Company had cash of $43.8 million, total assets of $258 million and shareholders' equity of $239 million.
Semafo Inc. (TSX:SMF)shares climbed 0.72 (18.32%) to close at C$4.65 on above average volume. The company declared a quarterly dividend of 2 cents per share, payable on July 16 to shareholders of record on June 30.
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