On Tuesday, the top TSX mover was Celtic Exploration Ltd. (TSX: T.CLT, Stock Forum). The stock rose 44.9% and was trading at $26.26 on volume of 11.9 million. Canadian affiliates of U.S. energy giant Exxon Mobil Corp. (NYSE: XOM, Stock Forum) have agreed to buy Celtic Exploration, of Calgary, in a transaction valued at $3.1 billion, including assumed debt and spending obligations.
Westaim Corp. (TSX: T.WED, Stock Forum) was the second most active stock on the TSX. It was unchanged and was trading at $0.025 on volume of 6 million shares. The company had no related news to explain the high volume of trades, but plummeted 96.15% on Oct. 1.
Prodigy Gold Inc. (TSX: V.PDG, Stock Forum) was the volume leader on the TSX Venture Exchange. It was unchanged and was trading at $1.00 on volume of 4.3 million. On Oct. 15, Prodigy announced an arrangement agreement, whereby the gold exploration and mine development company will be acquired by Argonaut Gold Inc. (TSX: T.AR, Stock Forum).
The second most active stock on the TSX Venture was Cadan Resources Corp. (TSX: T.CXD, Stock Forum). It was up 3.45% and was trading at $0.15 after 2.1 million shares changed hands. On Oct. 16, the gold and silver company completed a private placement for $4.3 million. Proceeds from the private placement will be used to advance Philippine mineral properties and as general working capital.