Toronto Stocks Edge Lower; ProMIS Neurosciences Soars on Positive Alzheimer's Treatment Data

By Adriano Marchese

Stocks in Toronto were mildly lower in midday trading Monday as Canada's consumer durables, energy and utilities stocks weighed on indexes. The main gainers of the session were in tech and health tech.

At midday, Canada's S&P/TSX Composite Index were 0.20% lower at 20222.30 while blue-chip S&P/TSX 60 was down 0.25% at 1214.53.

ProMIS Neurosciences shares more than doubled to 8.23 Canadian dollars ($6.23) after the biotechnology company said it presented additional positive preclinical data supporting the potential therapeutic advantage of its lead candidate in treating Alzheimer's disease.

Other market movers:

Shares in Parex Resources were 6.3% lower at C$27.16 after it said it abandoned one of its wells at a Colombia project after testing confirmed there were no economic hydrocarbons at the site.

Lion Electric's Toronto-listed shares jumped in early trading after the company reported raising about $142 million in combined financing. Shares were up 9.7% at C$3.05.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

July 17, 2023 12:16 ET (16:16 GMT)

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