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Carmanah Technologies Corporation was up 10.67% come market closure Wednesday. Investors also saw approximately 108,305 shares having traded hands come the toll of the day’s closing bell.
Although the major American market indexes managed to inch forward once more, investors north of the border were subject to overall losses.
Bay Street investors suffered the consequences of falling oil prices Wednesday. This in turn, was a major contributor to the negative performance seen on the TSX that day.
Energy commodities slipped after the weekly U.S. inventories reports showed crude supplies had risen 5.1 million barrels last week. Distillate inventories, on the other hand, were lower for a seventh consecutive week.
The sentiment of many investors remained high however, as just one day prior the TSX composite index managed a record high. Throughout the course of the day the energy sector fell 0.9% and heavyweight financial stocks lost 0.3%. Between the two, these sectors account for over half of the weight of the TSX.
When all was said an done, the TSX composite index had retreated 45.32 points or 0.4% to 12,556.98. The day prior the index saw gains of nearly 200 points. The junior TSX venture index meanwhile, was up 2.73 points or 0.1% higher to 2666.62.
Carmanah Technologies Corporation stood out in the crowd Wednesday and amidst the day’s overall, positive results secured notable returns for shareholders.
In some of the most recent news to surface surrounding this Company, which we feel may have had an affect on the day’s success in the marketplace, as well as an ongoing affect on shareholder outcome, Carmanah Technologies Corporation was pleased to announce its third quarter results for the three and nine months ended September 30, 2006 and 2005.
Highlights for the quarter included:
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