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Canada Strategic Metals soars 35% on graphite discovery: Canadian market movers

2/26/2013 12:45:57 PM | Elizabeth Walters

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Here are the most active stocks on Tuesday mid-morning on the TSX and TSX Venture Exchange.

On Tuesday, the top TSX mover was B2Gold Corp. (TSX: T.BTO, Stock Forum). The stock rose 1.6% and was trading at $3.18 on volume of 3.7 million.

The gold producer had no related news to explain the high volume in trading.

Nexen Inc. (TSX: T.NXY, Stock Forum) was the second most active stock on the TSX. It was up 0.32% and was trading at $28.24 on volume of 3.6 million shares.

The international oil company announced that CNOOC Ltd. (NYSE: CEO, Stock Forum) completed its $15.1 billion acquisition of the company.

Atikwa Resources Inc. (TSX: V.ATK, Stock Forum) was the volume leader on the TSX Venture Exchange. It gained 33.33% and was trading at $0.02 on volume of 2.8 million.

On Feb. 20, the junior oil company said that it will hold a special meeting of shareholders on April 24, 2013.

The purpose of the meeting will be to review and vote on certain issues relating to the company's initiative to identify and evaluate strategic alternatives to enhance shareholder value.

The second most active stock on the TSX Venture was Canada Strategic Metals Inc. (TSX: V.CJC, Stock Forum). It soared 35% and was trading at $0.135 after 2.7 million shares changed hands.

The emerging growth company announced that metallurgical characterization testing based on a composite of several graphite samples from the La Loutre Property, located 117 kilometres northwest of Montreal, had a large percentage of medium to Jumbo size graphite flakes.

ABOUT THE AUTHOR

Elizabeth Walters

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