By Adriano Marchese
Stocks in Toronto were marginally lower mid-trading Monday. The main laggard of the session was Canada's health tech sector, followed by energy as a distant second. Of the few gainers, commercial services and consumer discretionary stood out. Flow Beverage Corp. shares were down after reporting lower margins and a wider adjusted loss despite better revenue in the fiscal fourth quarter.
Canada's S&P/TSX Composite Index inched 0.22% lower to 20669.41 and the blue-chip S&P/TSX 60 was down 0.19% to 1245.24.
Flow Beverage shares were nearly 22% lower at 72 Canadian cents (54 U.S. cents) after it reported gross margin at 10% in the quarter, down from 21% in the prior-year period. Loss before interest, taxes, depreciation and amortization widened to C$12 million from C$11 million a year earlier. Revenue rose to C$13.6 million from C$10.4 million.
Other market movers:
Shares in Awale Resources Ltd. were 16% lower at C$0.16 after the company said it plans to raise at least 1.5 million Canadian dollars (US$1.1 million) in a private placement.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
01-30-23 1222ET
