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Oct. 24, 2011, 10:38 a.m. EDT

TSX rises on EU hopes; Silvercorp jumps 17%

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    First Quantum Minerals Ltd. (FM)

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By Nicole Hong

SAN FRANCISCO (MarketWatch) -- Canadian stocks were slightly higher on Monday after progress in this weekend's European Union summit lifted investor sentiment. At last check, the benchmark S&P/TSX Composite Index gained 135.75 points, or 1.1%, at 12,085.24. Metals and mining stocks led gains in Toronto, as gold futures tracked the rise in U.S. stocks. Shares of Teck Resources Ltd. added 4.7% while shares of First Quantum Minerals Ltd. /zigman2/quotes/209694942/delayed CA:FM -3.27% picked up 6.8%. Among notable movers, shares of Silvercorp Metals Inc. /zigman2/quotes/210397281/delayed CA:SVM -3.13% soared 17.1% after the miner said an audit of the company's accounting practices backed the company's financial statements against recent fraud allegations. The Canadian dollar strengthened 0.4% against its U.S. counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD -0.3203% , with one U.S. dollar recently purchasing 1.005 Canadian, versus 1.0088 late Friday.

CA : Canada: Toronto
$ 20.68
-0.70 -3.27%
Volume: 2.48M
Sept. 26, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$14.79 billion
Rev. per Employee
CA : Canada: Toronto
$ 2.79
-0.09 -3.13%
Volume: 375,267
Sept. 26, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$509.72 million
Rev. per Employee
US : Tullett Prebon
-0.0044 -0.3203%
Volume: 0.0000
Sept. 27, 2022 12:58a

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