Magna, Algoma at 52-Week Highs on News

Magna International Inc. (T.MG) hit a new 52-week high of $73.31 Monday. As China's environmental plan takes shape and start-up companies develop and launch their new-energy vehicles, the support of strong and capable suppliers will be essential. The latest example occurred today with new Chinese startup NIO, and the launch of their NIO ES8 electric SUV, a vehicle that comes to market with key systems supplied by Magna.

Algoma Central Corporation (T.ALC) hit a new 52-week high of $14.75 Monday. Algoma Central announced the preliminary results of its “modified Dutch auction” substantial issuer bid (SIB). Under the SIB, Algoma offered to purchase for cancellation up to $20 million of its common shares from Shareholders for cash. The SIB expired at 11:59 p.m. (Toronto time) on December 15.

Sulliden Mining Capital Inc. (T.SMC) hit a new 52-week high of 65 cents Monday. No news announcements today

Strongco Corporation (T.SQP) hit a new 52-week high of $1.89 Monday. No news announcements today

Akumin Inc. (T.AKU.U) hit a new 52-week high of $4.85 Monday. No news announcements today

Labrador Iron Ore Royalty Corporation (T.LIF) hit a new 52-week high of $25.88 Monday. No news announcements today

Methanex Corporation (T.MX) hit a new 52-week high of $75.25 Monday. No news announcements today

Cargojet Inc. (T.CJT) hit a new 52-week high of $57.00 Monday. No news announcements today

First Asset Morningstar US Dividend Target 50 Index ETF (T.UXM) hit a new 52-week high of $15.23 Monday. No news announcements today

Maple Leaf Foods Inc. (T.MFI) hit a new 52-week high of $36.88 Monday. No news announcements today