Paladin out with news, hits 52-week high

Paladin Labs Inc. (T.PLB) hit a new 52-week high of $45.08 Thursday. Paladin Labs Inc. today announced that it has received regulatory approval from the Toronto Stock Exchange to carry out a normal course issuer bid. Paladin has been authorized to purchase up to 935,367 of its common shares, or approximately 10% of its public float of 9,353,671 common shares as at May 13, 2011, in the 12-month period following the bid's effective date.

The average daily trading volume for the six-month period preceding May 1, 2011 is 15,073 common shares. In accordance with TSX rules, a maximum daily repurchase of 25% of this average may be made, representing 3,768 common shares.

TransCanada Corporation (T.TRP) hit a new 52-week high of $43.05 Thursday. No news announcements today.

Enbridge Inc. (T.ENB) hit a new 52-week high of $31.91 Thursday. No news announcements today.

Atco Ltd. (T.ACO.X) hit a new 52-week high of $65.70 Thursday. No news announcements today.

MEG Energy Corp. (T.MEG) hit a new 52-week high of $50.43 Thursday. No news announcements today.

CGI Group Inc. (T.GIB.A) hit a new 52-week high of $21.40 Thursday. No news announcements today.

Jean Coutu Group (PJC) Inc. (T.PJC.A) hit a new 52-week high of $11.55 Thursday. No news announcements today.

Senvest Capital Inc. (T.SEC) hit a new 52-week high of $89.50 Thursday. No news announcements today.

Pembina Pipeline Corporation (T.PPL) hit a new 52-week high of $24.39 Thursday. No news announcements today.

Mandalay Resources Corporation (T.MND) hit a new 52-week high of 94 cents Thursday. No news announcements today.

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