Bay Street stocks were little changed at open Monday as gauges of most sectors were stuck in the mud, resulting in a modest loss for Toronto's main index. The S&P/TSX Composite Index eased 5.86 points or 0.05 percent to 12,084.03.
Oilfields services company Pure Energy Services Ltd. (PSV.TO) jumped about 40 percent after it said it would be acquired by FMC Technologies Inc. (FTI) for C$11.00 per share in cash, or nearly C$282 million or $285 million.
Among base-metals stocks, Inmet Mining (IMN.TO) moved up about 2 percent, while First Quantum Minerals (FM.TO) and Teck Resources (TCK_B.TO) was slipping nearly 1 percent each.
Among gold plays, Detour Gold (DGC.TO), Barrick Gold (ABX.TO) and Goldcorp. (G.TO) gained around 1 percent each.
White Tiger Gold Ltd. (WTG.TO) jumped over 16 percent.
In the oil patch, Niko Resources (NKO.TO), Cenovus Energy (CVE.TO) and MEG Energy (MEG.TO) lost around percent each.
by RTT Staff Writer
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