Petrolia (V.PEA) up 23% on partnership with Government of Quebec: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| February 14, 2014

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

On Friday, the top TSX mover was Bombardier Inc. (TSX: T.BBD.B, Stock Forum). The stock was up 0.3% and was trading at $3.69 on volume of 7.7 million.

Today, the transportation equipment manufacturer concluded its participation in Asia's biggest airshow - the Singapore Airshow - with firm orders and commitments for up to 17 aircraft valued at up to $852 million US. In addition, the company further strengthened its presence in the Asia-Pacific region by inaugurating its first wholly owned service centre for business aircraft and opening a Regional Support Office for commercial aircraft.

B2Gold Corp. (TSX: T.BTO, Stock Forum) was the second most active stock on the TSX. It gained 0.8% and was trading at $2.98 on volume of 4.2 million shares.

On January 22, the gold producer announced an initial inferred resource estimate for the recently discovered Wolfshag zone at the Otjikoto gold project in Namibia of 6.8 million tonnes at 3.2 grams per tonne gold containing 703,000 ounces gold.

Petrolia Inc. (TSX: V.PEA, Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 23.4% and was trading at $0.95 on volume of 8.2 million.

On February 13, the Government of Quebec and Établissements Maurel et Prom (MAU-PA), the second largest French oil and gas company, have agreed to form a partnership with Pétrolia and Corridor Resources (CDH-TO) in order to complete the exploration work necessary to demonstrate the commercial viability of the hydrocabon resources on Anticosti Island.

The second most active stock on the TSX Venture was Delta Gold Corp. (TSX: V.DLT, Stock Forum). It slipped 16.7% and was trading at $0.025 after 7.5 million shares changed hands.

The mining junior had no news to explain the high volume in trading.

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