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Friday, May 11, 2012

TSX Stocks to Watch; Thursday's Top Gainers: (TSX: CHH), (TSX: MAW), (TSX: PSN), (TSX: LNR)

New York, NY - May 11, 2012 - www.InvestorIdeas.com, a leader in sector research for independent investors issues a trading alert for TSX percentage gainers for May 10, 2012. The Standard & Poor's/TSX Composite Index rose 61.16 (0.52%) to close at 11,736.17.

Centric Health Corporation (TSX:CHH) shares climbed $ 0.24 (21.82%) to end at C$1.34 on above average volume. The company has closed its previously announced private placement of $15 million in subordinated unsecured convertible notes and 4,050,000 warrants from the private placement in order to repay its senior debt.
Mawson Resources Limited (TSX:MAW) gained 0.24 (21.82%) to close at C$1.34 without any official news. Mawson Resources Limited is principally engaged in the exploration for uranium and gold in Sweden and Finland and gold and copper in Peru.
Poseidon Concepts Corp (TSX:PSN) rose 1.59 (13.72%) to end at C$13.18 after the company reported first quarter results. The company earned $29.63 million on revenue of $52.13 million, compared to a year profit of $6.28 million on revenue of $11.32 million. For FY2012, the company now expects EBITDA of $210 million, an upward revision from the $170 million forecast in January 2012 and from original guidance of $130 million in September 2011.
Linamar Corporation (TSX:LNR) added $ 2.23 (11.95%) to close at C$20.89 after the company posted better-than-estimated first quarter earnings. Linamar earned $39.6 million, or 61 cents per share, from a year ago profit of $24.9 million. Revenue during the quarter grew 24.40% to $840 million from $675.2 million. Analyst at Scotia upgraded the stock to sector outperform.
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