Shares of Imperial Oil Ltd. IMO,
lost 6.37% to C$58.23 on Thursday in what turned out to be an overall rough trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE,
declining by 1.51% to 18,717.12. This was the second consecutive day of losses for the stock. Imperial Oil Ltd. closed $14.73 below the 52-week high (C$72.96) reached by the company on May 31. The trading volume of 1.8 million shares surpassed the 50-day average volume of 1.3 million.