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Mint Technology (V.MIT) soars 50%: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| August 6, 2013

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

On Tuesday, the top TSX mover was Bombardier Inc. (TSX: T.BBD.B, Stock Forum). The stock lost 0.5% and was trading at $4.855 on volume of 3.1 million.

On August 1, the manufacturer of transportation equipment said on an adjusted basis, net income amounted to $158 million, or earnings per share of $0.09, for the second quarter ended June 30, 2013, compared to $167 million, or earnings per share of $0.09, for the same period the previous year.

BioExx Specialty Proteins Ltd. (TSX: T.BXI, Stock Forum) was the second most active stock on the TSX. It plummeted 20% and was trading at $0.01 on volume of 2.4 million shares.

On July 30, the biotechnology company said that it had engaged a financial advisory firm to undertake a process to sell the company, as a previously referenced potential strategic partner has decided not to move forward with the company.
Alberta Oilsands Inc. (TSX: V.AOS, Stock Forum) was the volume leader on the TSX Venture Exchange. It rose 6.5% and was trading at $0.165 on volume of 3.3 million.

On July 3, the exploration and development company provided a corporate update to its shareholders outlining the current and ongoing state of affairs of the company. 

The second most active stock on the TSX Venture was Mint Technology Corp. (TSX: V.MIT, Stock Forum). It soared 50% and was trading at $0.015 after 2.8 million shares changed hands.

On August 2, the prepaid card and payroll services company said it had 327,475 active cards of which 240,488 cards were actively generating revenue. Currently, the Board and Mint management team are working to streamline operations by finding cost saving opportunities to reduce its losses while continuing to seek long term sources of capital. Mint continues to work on sourcing long term financing through "Series X". The terms with prospective investors are still being negotiated and there can be no assurance for the Series X financing to be completed at this time.


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