Noble Mineral Exploration (V.NOB) up 16.7% on sale of surface rights: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| February 12, 2014


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

On Wednesday, the top TSX mover was Air Canada (TSX: T.AC.B, Stock Forum). It slipped 14.1% and was trading at $6.72 on volume of 9.0 million shares.
 
The airliner said its full-year adjusted earnings were a company record $340 million, or $1.20 per share – six-times higher than in 2012.
 
Delphi Energy Corp. (TSX: T.DEE, Stock Forum) was the second most active stock on the TSX. The stock was up 5.3% and trading at $2.39 on volume of 5.9 million.

Today, the energy company reported increased crude oil and natural gas reserves information for the year ended Dec. 31, 2013.

Renegade Petroleum Ltd. (TSX: V.RPL, Stock Forum) was the volume leader on the TSX Venture Exchange. It was up 1.5% and was trading at $1.32 on volume of 21.2 million.
 
On February 11, Alexander Energy Ltd. (TSX: V.ALX, Stock Forum) and Renegade announced that they had entered into an agreement that provides for the combination of the companies to create a premier light oil focused high-growth company.
 
The second most active stock on the TSX Venture was Noble Mineral Exploration Inc. (TSX: V.NOB, Stock Forum) It gained 16.7% and was trading at $0.035 after 4.7 million shares changed hands.

Today, the junior announced it is proceeding with the proposed sale of the surface rights and timber rights of Block A of Project 81, located in the Timmins area of Northern Ontario. The purchaser, Resource Land Holdings, LLC, will pay $6.8 million for the rights.
 
 

Tags: INDUSTRIAL METALS & MINERALS OIL & GAS E&P ENERGY INDUSTRIALS

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