Thursday, January 31, 2013

Canada hot stocks: RIM, Guyana Goldfields, Potash

Among the companies whose shares are making notable moves in Thursday's session are Research In Motion Ltd. RIMM , Potash Corp. of Saskatchewan POT and Guyana Goldfields Inc. .

Research In Motion ($12.72, down 7.7%), soon to be known as BlackBerry, continues to see its shares slide a day after launching the first two BlackBerrys that will run on its new BlackBerry 10 operating system. Shares fell 12% Wednesday as investors reacted with disappointment to news that the first of the devices won't be available in the crucial U.S. market until mid-March.

Potash Corp. (C$42.33, down 2.0%) said its fourth-quarter profit fell 38% and sales were down 12%, hurt by a global slowdown in potash demand. Results missed analyst expectations.

Guyana Goldfields (C$3.37, down 8.6%) said it plans to sell 29.4 million shares at C$3.40 each to raise C$100 million.

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