QLT Inc. (T.QLT) hit a new 52-week high of $4.80; QLT Inc. announced that it has received an income tax refund of Cdn$45.3 million from the Canada Revenue Agency. The income tax refund resulted primarily from a request to carryback losses the Company incurred in 2007 in connection with the judgment of the United States District Court for the District of Massachusetts in favour of Massachusetts Eye and Ear Infirmary.
The amount of the refund, before certain minor adjustments, was reflected in the previously filed financial statements of the Company, including as part of the income tax receivable balance at June 30, 2009. As a result, the tax refund is not expected to have any material effect on the Company's current period statement of operations.
Western Copper (T.WRN) hit a new 52-week high of $1.92; Western Copper Corporation announced that preliminary results from a Quantec Titan 24 deep penetration geophysical survey at its wholly-owned Casino Project, located in the Yukon, have identified several zones of potential mineralization outside of the historical mineralization limits.
Complete assays have been received for only one hole, CAS-014, drilled on the edge of one of the potential mineralized zones 500 meters outside of the historical mineralization limit. These assays indicate the existence of copper, gold and molybdenum mineralization, but at below ore grades.
Calvalley Petroleum (T.CVI.A) hit a new 52-week high of $2.75; no news announcements today
CGI Group (T.GIB.A) hit a new 52-week high of $11.50; no news announcements today
Lake Shore Gold (T.LSG) hit a new 52-week high of $3.52; no news announcements today
Agnico-Eagle Mines (T.AEM) hit a new 52-week high of $75.36; no news announcements today
Genworth MI Canada (T.MIC) hit a new 52-week high of $25.05; no news announcements today
Nevsun Resources (T.NSU) hit a new 52-week high of $2.28; no news announcements today
Pacific Rubiales Energy (T.PRE) hit a new 52-week high of $14.20; no news announcements today
Sentry Select Primary Metals (T.PME) hit a new 52-week high of $6.49; no news announcements today
