Fortis, Patriot, TransAlta at 52-Week Highs on News

·3 min read

Fortis Inc. (T.FTS) hit a new 52-week high of $65.19 Tuesday. The firm gets 99% of its revenue from regulated assets. These include power generation, electricity transmission, and natural gas distribution operations. Homes and businesses require electricity and natural gas regardless of the state of the economy, so cash flow tends to be reliable and usually predictable.

Patriot Battery Metals Inc. (C.PMET) hit a new 52-week high of $3.27 Tuesday. Patriot Battery Metals announced analytical results for CV22-017, the first hole completed by Rig #2 during the winter/spring drill program at the Company’s wholly owned Corvette Property. Drill hole CV22-017 was designed to test the CV1 Pegmatite outcrop’s mineralization at depth and is the first drill hole to test the target, located approximately 1.1 km northeast of and on trend with the CV5 Pegmatite

TransAlta Corporation (T.TA) hit a new 52-week high of $14.66 Tuesday. TransAlta announced today that the Toronto Stock Exchange has accepted the notice filed by the Company to implement a normal course issuer bid for a portion of its common shares. Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 Common Shares, representing approximately 7.16% of its public float of Common Shares, where the aggregate public float as at May 17 was 195,306,684 Common Shares.

ATCO Ltd. (T.ACO.X) hit a new 52-week high of $47.93 Tuesday. No news stories available today.

Alvopetro Energy Ltd. (V.ALV) hit a new 52-week high of $6.31 Tuesday. No news stories available today.

Crescent Point Energy Corp. (T.CPG) hit a new 52-week high of $10.16 Tuesday. No news stories available today.

Capital Power Corporation (T.CPX) hit a new 52-week high of $45.33 Tuesday. No news stories available today.

Cenovus Energy Inc. (T.CVE) hit a new 52-week high of $25.71 Tuesday. No news stories available today.

Canadian Utilities Limited Class A Non-Voting Shares (T.CU) hit a new 52-week high of $40.49 Tuesday. No news stories available today.

Cenovus Energy Inc. (T.CVE) hit a new 52-week high of $27.65 Tuesday. No news stories available today.

CWC Energy Services Corp. (V.CWC) hit a new 52-week high of 29.5 cents Tuesday. No news stories available today.

Ensign Energy Services Inc. (T.ESI) hit a new 52-week high of $4.80 Tuesday. No news stories available today.

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Filo Mining Corp. (T.FIL) hit a new 52-week high of $26.27 Tuesday. No news stories available today.

Pieridae Energy Limited (T.PEA) hit a new 52-week high of $1.23 Tuesday. No news stories available today.

Atlas Salt Inc. (V.SALT) hit a new 52-week high of $2.12 Tuesday. No news stories available today.

Spartan Delta Corp. (T.SDE) hit a new 52-week high of $13.97 Tuesday. No news stories available today.

Stampede Drilling Inc. (V.SDI) hit a new 52-week high of 49 cents Tuesday. No news stories available today.

STEP Energy Services Ltd. (T.STEP) hit a new 52-week high of $5.09 Tuesday. No news stories available today.

Suncor Energy Inc. (T.SU) hit a new 52-week high of $49.75 Tuesday. No news stories available today.

Tourmaline Oil Corp. (T.TOU) hit a new 52-week high of $74.68 Tuesday. No news stories available today.

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