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New TORC up after merger: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| November 23, 2012

On Friday, the top TSX mover was Research In Motion Ltd. (TSX: T.RIM, Stock Forum). It fell 2% and was trading at $11.76 on volume of 6.5 million shares. On Nov. 22, National Bank Financial analyst Kris Thompson increased his price target on RIM to US$15 from US$12, while also raising his shipment and 2014 earnings forecasts ahead of the February BB10 launch.

TORC Oil & Gas Ltd. (TSX: T.TOG, Stock Forum) was the second most active stock on the TSX. The stock rose 1.97% and was trading at $2.59 on volume of 6.4 million. On Nov. 19, Vero Energy Inc. and TORC were combined to create a new light oil resource company, TORC Oil & Gas Ltd. (New TORC).

Plains Creek Phosphate Corp. (TSX: V.PCP, Stock Forum) was the volume leader on the TSX Venture Exchange. It was unchanged and was trading at $0.01 on volume of 9.8 million. The mining and exploration company had no related news to explain the high volume in trades.

The second most active stock on the TSX Venture wasEnablence Technologies (TSX: V.ENA, Stock Forum). It was unchanged and was trading at $0.01 after 4.7 million shares changed hands. On Nov. 19, the optical component manufacturer said it sold its wholly-owned Swiss subsidiary for of US$2 million.


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