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Metanor soars 12.5% on drilling results: Canadian market movers

1/21/2013 12:38:35 PM | Elizabeth Walters

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

On Monday, the top TSX mover was Research In Motion Ltd. (TSX: T.RIM, Stock Forum). It jumped 8.12% and was trading at $17.00 on volume of 4.8 million shares. The communications technology company’s stock rose after Jefferies & Co analyst Peter Misek lifted his stock rating on RIM to "buy" from "hold".

Surge Energy Inc. (TSX: T.SGY, Stock Forum) was the second most active stock on the TSX. The stock was up 1.35% and trading at $3.75 on volume of 2.1 million. On Jan. 18, the oil and gas company approved a capital budget of $140 million for 2013.

Surge allocated approximately $124 million to its 2013 drilling program.

Anatolia Energy Corp. (TSX: V.AEE, Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 18.18% and was trading at $0.045 on volume of 3.7 million. On Jan. 15, the oil and gas company said that its partner, Çalık Enerji San. ve Tic. AŞ., a wholly-owned oil and gas subsidiary of the large Turkish conglomerate, has commenced drilling at Giremir-1, the initial exploration well on the Sinan Licence in Turkey, where Anatolia can earn a 50% interest.

The second most active stock on the TSX Venture was Metanor Resources Inc. (TSX: V.MTO, Stock Forum) It rallied 12.5% and was trading at $0.225 after 1.9 million shares changed hands. The gold mining company said it had intersected over 4.42 metres grading 29.63 grams per tonne gold and over 8.84 metres grading 19.19 grams per tonne gold its Bachelor project in Quebec.

ABOUT THE AUTHOR

Elizabeth Walters

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