On Wednesday, the top TSX mover was Bombardier Inc. (TSX: T.BBD.B, Stock Forum). The stock fell 3.88% and was trading at $3.47 on volume of 9.5 million. The transportation manufacturer said revenue fell to $4.3 billion, compared to $4.6 billion last fiscal year in its third quarter results.
Baja Mining Corp. (TSX: T.BAJ, Stock Forum) was the second most active stock on the TSX. It rose 8% and was trading at $0.135 on volume of 2.6 million shares. The mine development company announced that the lenders to its 49% owned company, Minera y Metalúrgica del Boleo S.A. de C.V. have agreed to two further extensions to the standstill agreement of August 7, 2012 until Nov. 20, 2012. The recently advanced funds and the extensions will allow construction of the Boleo project to continue until Nov. 20, 2012.
Zodiac Exploration Inc. (TSX: V.ZEX, Stock Forum) was the volume leader on the TSX Venture Exchange. It was up 5.26% and was trading at $0.10 on volume of 4.9 million. The light oil focused exploration and production company had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was Sandstorm Metals & Energy Ltd. (TSX: V.SND, Stock Forum). It was down 3.57% and was trading at $0.54 after 1.5 million shares changed hands. On Nov. 1, the resource company said it had increased its copper stream agreement with Donner Metals Ltd. (TSX: V.DON, Stock Forum) to 24.5% of the copper produced from the Bacema-McLeod Mine, up from 17.5%.