Viterra up on Glencore takeover news: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| December 7, 2012

On Friday, the top TSX mover was Uranium One Inc. (TSX: T.UUU, Stock Forum). The stock fell 3.17% and was trading at $1.83 on volume of 8.5 million. The uranium miner had no related news to explain the high volume in trading.

Viterra Inc. (TSX: T.VT, Stock Forum) was the second most active stock on the TSX. It rose 2.4% and was trading at $16.23 on volume of 5.4 million shares. The Canadian agribusiness said that a subsidiary of Glencore International Plc (GLCNF, Stock Forum) received the green light from the Ministry of Commerce of the People's Republic of China to acquire all of Viterra's issued and outstanding shares.

Pinecrest Energy Inc. (TSX: V.PRY, Stock Forum) was the volume leader on the TSX Venture Exchange. It lost 1.23% and was trading at $1.60 on volume of 3 million. On Nov. 27, the petroleum and natural gas company filed its financial results on SEDAR.

The second most active stock on the TSX Venture was Route1 Inc. (TSX: V.ROI, Stock Forum). It was down 11% and was trading at $0.04 after 2 million shares changed hands. On Nov. 26, the digital security company reported increased revenue in the third quarter from $1.4 million to $1.9 million.

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